Hong Kong Sellers are struggling!Recession Preview!

woodle · 28-09-2008, 05:52 AM

Has anybody noticed lately how desperate some hong kong sellers are getting?

key in ipod case in search and take a look how many sellers have thier items as .01 cent and free postage.It never used to be like this 12-24 months ago
and a lot of them cant even sell cases at that!

Ebay is certainly going to have troubles with sales over the next year or two with struggling mortagees no longer able to shell out money on ebay.

IF the u.s goes into recession then a lot of chinese sellers and factories will be left with overstocks galore and will be forced to shutdown.

How many peoples sales have dropped from the start of the year??...would be interesting to know.
Obviously sales will pick up now for xmas but its not looking good post new year.

Ebays desperation with the new fees structure in the U.S is a clear sign that they are struggling with new listings........it will happen in australia shortly too i would think.

lemonwonder · 28-09-2008, 06:48 AM

0.01 cents??? Thats... just... what the **! and free shipping... wow

cbeebies · 28-09-2008, 07:19 AM

I didn't sell any products on ebay. But I admit, our business is a little bit down than last year.

**Andy777** · 28-09-2008, 07:32 AM

It's not that simple...

You can't generalize everything - each and every market reacts differently + you have to take into account supply and demand! Sure - if there are 1000 iPod case sellers to 10 customers (just a relative example), and most of them trying to beat each other on price - many will fail.

hardwareheroes · 28-09-2008, 08:05 AM

Thought the US WAS in recession?

D M · 28-09-2008, 09:54 AM

Nope, not even negative growth yet, same with the UK.

**moneymaker88** · 28-09-2008, 12:19 PM

sales have been quite slow this year (compared to last year), but this has just encouraged me to look into other markets to try make more money. i have to say that sales are now picking up, but this is mainly due to the xmas rush starting!