PeSA Director Sell2All Files for Bankruptcy, Wrote Book on Getting Rich On eBay

[xppman]

Simply put.
If one relies on the model of low prices to get "volume"
and volume to maintain "cash flow":

But the volume keeps dropping off.

Well... There goes that cash flow. :blinkie:

Just another indication of what many of us have experienced,
and known about by seeing our own ebay sales
begin to "drop off" since ebay's began it's constant
tweaking, glitchancements, re arranging of the furniture
and apathy to the mounting fraud a few years back.

And they call us the "negative ones" because we dare to speak up about
all this BS that ebay is doing causing most of this.

You ran off and continue to run off many of the buyers ebay
hence causing "volume" to drop off for many of these BIG BOYS you courted too.

We can see the fall out on this more clearly now for those
who relied on ebay as their primary customer pool.
As the cash flow for those volume sellers has dried up just
like the customer pool is slowly but surly doing at ebay as well.


Hey if any of these guys hired some of ebay's accountants.
They may have been able to fake IT through for a while longer
just like momma ebay is doing.

[mandy]

My two pennies worth:

Froogle, Google Base, and other shopping comparison sites hurt eBay sellers of new products, particularly volume sellers, and are hastening the day when the brick and mortar volume retailers like Wal-Mart do to online low-price volume sellers what they did to brick and mortar stores who tried to survive on low prices alone.

[xppman]

[quote author=mandy link=topic=3026.msg10896#msg10896 date=1142428958]
My two pennies worth:

Froogle, Google Base, and other shopping comparison sites hurt eBay sellers of new products, particularly volume sellers, and are hastening the day when the brick and mortar volume retailers like Wal-Mart do to online low-price volume sellers what they did to brick and mortar stores who tried to survive on low prices alone.
[/quote]

Very true. An angle I had considered long ago before Froogle, Google Base, and other shopping comparison sites were up and running was the "Wal-Mart" types doing online, what they did to brick and mortar stores.

I even wrote a / blurb article on it.
My thoughts at that time were mostly speculation and what part
ebay had to play in all this.

I was trying to figure out in my own mind, what the hell was going on.

Here is that rant from long ago:

http://xppman.0catch.com/DOUBLECROSS.htm

[Anita]

That is sad.  Really.  I think anyone that thinks they can rely on eBay 100% has their head stuck waaaaaaaaaaaaaaaaaaaay up their asp.

Edited spelling... need more sleep.

[diger7]

Isn't that the guy who wanted to be friends (spammed) with everybody on Overstock?

[bargainbloodhound]

[quote author=diger7 link=topic=3026.msg10944#msg10944 date=1142471371]
Isn't that the guy who wanted to be friends (spammed) with everybody on Overstock?
[/quote]

He won that contest by having 15 employees send out "network friends" invites to Overstock users.  By the time the contest ended he had 14,500 "friends".

I know a lot of sellers who said "boink Overstock, I'm not selling here" because of all the unwanted friends invites emails they received.

He did win $50,000 by winning the spamathon contest.

[quote author=Anita link=topic=3026.msg10939#msg10939 date=1142470916]
That is sad.  Really.  I think anyone that thinks they can rely on eBay 100% has their head stuck waaaaaaaaaaaaaaaaaaaay up their asp.
[/quote]

Even sadder because he had 30 employees who are out of a job now.  Hw was selling on several places besides eBay (Amazon, uBid, Overstock) but I think most of his business was still on eBay.

If eBay hadn't cut fees the past 2 years on the $0.99 and under listings I think a lot more of eBay's top sellers would be out of business by now.

[diger7]

:-[

Thanks!

(I guess I need to read the full thread before I ask)

[sneakymagenta]

[quote author=jezebel link=topic=3026.msg10847#msg10847 date=1142368641]

"Insider Secrets of an e-Bay Millionaire."

http://www.ebay-insidersecrets.com/  Gawwwwwwwwd I hate crap like that. 
[/quote]

They're not selling Dupsky's book on that page anymore.  They replaced Dupsky with another eBay genius selling "Hot eBay Item Secrets" .

[Kristijntje]

[quote author=sneakymagenta link=topic=3026.msg11189#msg11189 date=1142915477]
[quote author=jezebel link=topic=3026.msg10847#msg10847 date=1142368641]

"Insider Secrets of an e-Bay Millionaire."

http://www.ebay-insidersecrets.com/  Gawwwwwwwwd I hate crap like that. 
[/quote]

They're not selling Dupsky's book on that page anymore.   They replaced Dupsky with another eBay genius selling "Hot eBay Item Secrets" .
[/quote]

I heard the book is being re-released with a new title "How to make $8 million on eBay and spend $9.5 million doing it" 

Update:

An “eBay death spiral” led Lincoln reseller Sell2All Inc. to U.S. Bankruptcy Court, an industry expert said.

“This is a common thing that happens to eBay resellers,” said Scot Wingo, CEO and president of ChannelAdvisor, a technology company in Research Triangle Park, N.C., that sells marketplace and e-commerce software...

The company showed $73,452 in assets and $1,497,287 in liabilities in the new court filings. The documents showed the company owed $248,487 to credit card companies...

The “eBay death spiral” occurs when sale items repeatedly sell for less than what the company paid for the item, Wingo said...

full article: http://www.journalstar.com/articles/2006...365915.txt

[bargainbloodhound]

The “eBay death spiral” occurs when sale items repeatedly sell for less than what the company paid for the item,

“This is a common thing that happens to eBay resellers,”

Sell2All used a “no reserve business model”

“If you have bought something to sell for $50 and it only sells for $45, then you’re in trouble,” Wingo said. “It works pretty good unless you make a bad buy. It takes 10 good buys to fix a bad one, and if some of those buys are bad, then you’re on a death spiral. You can end up upside down really quickly.”

Sooo...does this mean it might not be a good long term strategy if you follow the advice of UC Berkeley Professor Morgan ( http://community.tuliptools.com/index.ph...849.0.html ) to start your auctions out at reallllllly low prices and jack up the shipping prices? 

I heard the book is being re-released with a new title "How to make $8 million on eBay and spend $9.5 million doing it" 

That book is the reason I don't feel sorry for him at all.  I tend to have a really low opinion of people who sell informercial quality "get rich quick" crap like that.