Is eBay Running Out of Juice Who would have ever thought that eBay would be unraveling. You can only squeeze an orange so long before there's no more juice. If they do the right thing, their long term picture could be brighter.
News-Antique.com - Feb 14,2008 - Who would have ever thought that eBay could be unraveling? You see, you can only squeeze an orange so long before it has no more juice. And from what I'm hearing, eBay customers, particularly the sellers and merchants with eBay stores, are so displeased with the new changes, they are even willing to take a financial loss to express this by threatening a strike beginning February 18th.
If eBay does the right thing now, by taking their customers, both buyers and sellers, into consideration, their stock might go down over the short, but over the long term it could become much stronger. But, eBay just might get the surprise of their life if they continue to only think about their stockholders and try to maintain a certain income growth. That surprise will come when the stock plummets. Then their stockholders will be the biggest losers. You see, if they continue on their present course, the competition will gain a larger and larger portion of the market, leaving eBay in a downward spiral.
Don't get me wrong, I'm not an eBay hater. I've been a big supporter of theirs and give them credit for my success in the Antique and Fine Art Markets. I am sad to say today, that in my humble opinion, they've lost their way because of one thing -- greed. Anytime you put your success before the welfare of your customers, your success will prove to be short term. That is what I think has happened with eBay.
I've been talking about this present scenario for months now in some of my past blogs. On September 29, 2007, I wrote a Blog asking if eBay will remain king of the hill and made predictions on what changes might come and what results might come from these changes. I've made these statements in press releases since then.
It is not too late for eBay to make its ship right, but the longer this imbalance remains, the more market share they will lose. And this will be a permanent loss. No one ever thought that GM would lose their number one spot in the market to a competitor, but look what's happened to them. Their last report showed they had the biggest loss in their history. Never forget that customers and their opinions DO count. It will never be about what the company wants, but what the customer wants that will make a company successful long term.
About Daryle Lambert:
Daryle Lambert has been a collector of antiques and fine art for over 40 years. During that time his entrepreneurial endeavors have included businesses in real estate, oil exploration, and financial securities. Throughout his career, his love of collecting and dealing in antiques and fine art has remained a constant source of enjoyment and profit. Today he is author of ""31 Steps to Your Millions in Antiques & Collectibles," is leader of it's spin-off 31 Club, the only club of its kind in the antique industry, teaching buying and