IS THIS THE END OF EBAY? | Sellers Do This ASAP!! | Summary and Q&A

TL;DR

The number of active customers on eBay has been steadily declining since 2018, and this analysis provides tips on how sellers can protect their business by diversifying income streams, analyzing competition, and ensuring they sell products that are still in demand.

Key Insights

• ☢️ Active customer numbers on eBay have been declining since 2018, with 179 million in 2018 and 138 million in 2022.
• 👨‍💼 Sellers can protect their eBay business by diversifying income streams through selling on different platforms.
• ❓ Analyzing competition and learning from successful sellers can provide valuable insights and strategies to increase sales.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: How can sellers generate multiple streams of income for their eBay business?

Sellers can diversify their income streams by selling on platforms like eBay, Amazon, and their own independent website. This allows them to reach different customer bases and reduce fees associated with selling on individual platforms.

Q: How can sellers analyze their competition and learn from successful sellers?

Sellers can analyze their competition by examining the number of items listed, sales performance, and featured items of their main competitors. They can use tools like Zeke Analytics to gather data on top sellers and identify strategies or products to implement in their own business.

Q: Why is it important to ensure that the products being sold are still in demand?

With declining customer numbers on eBay, sellers need to make sure they are selling products that people are still searching for. Conducting thorough product research using tools like Therapic can help sellers identify if their products have been affected and adapt their inventory accordingly.

Q: Can eBay business still be successful despite the declining customer numbers?

Yes, eBay still has 138 million active buyers, so it is possible to build a successful eBay business. By implementing strategies like diversifying income streams and selling in-demand products, sellers can navigate the challenges posed by declining customer numbers.

Summary & Key Takeaways

• The number of active customers on eBay has decreased from 179 million in 2018 to 138 million in 2022.

• To protect their eBay business, sellers should focus on generating multiple streams of income by selling on platforms like eBay, Amazon, and their own independent website.

• Analyzing competition and learning from successful sellers in the same category can help sellers identify new products or strategies to implement in their own business.

• Sellers should also ensure that the products they sell are still in demand by conducting thorough product research and monitoring sales trends.