Wagglepop 2: Deja Vu as Auction Site That Left Sellers Stranded Reopens

[RiverRat]

Sorry I keep popping...er...dropping in and out today.  That sinking ship that's running scared of WP has kept me almost as busy as Sweet has been shipping out pee pee no no's to ex-poppers. 

Did that even make sense?  :blinkie:

Oh y'all know what I mean - I hope. 

Hopefully, tomorrow won't be as hectic.  Profitable, yes - hectic, no. 

G'night and I promise I will catch up on everything tomorrow.   

[Kaboing]

[quote author=regic link=topic=3775.msg39771#msg39771 date=1168231643]
[quote author=chiquita link=topic=3775.msg39766#msg39766 date=1168230549]
I found this posted on PSU and wondered if anyone would please comment.

And when daily numbers are out of the 100,000 range... check news events. Saddam's hanging... tsunami's, avalanches, power outages all affect the daily alexa which will affect the weekly and in turn the 3 mo.

It is on a WP thread.  :blinkie:
[/quote]

Those events affect all websites and I haven't seen similar drops in other related sites for 1-week and daily. 
[/quote]

Those events must be happening every single day for WP now.

[jojo-p]

Just noticed, the sales reports for the last 2 weeks of December are on the WP site - sorry if I missed this here.  They weren't announced over there at all.

Date              single multi  total
12/18 to 12/24 583 1523 2106  (a "record" !)
12/25 to 12/31 611 1131 1742
 

JoJo

[Kaboing]

[quote author=jojo-p link=topic=3775.msg39799#msg39799 date=1168267890]
Just noticed, the sales reports for the last 2 weeks of December are on the WP site - sorry if I missed this here.  They weren't announced over there at all.

Date              single multi  total
12/18 to 12/24 583 1523 2106  (a "record" !)
12/25 to 12/31 611 1131 1742
 

JoJo


[/quote]

Even if its a record, its still not impressive.  Its still around a 1.2% site wide sell through.  Since the bulk of the sales were multi purchases, its safe to assume a lot of the sellers made no sales during that period.

[FineThings4U]

Well, I am in the process of working over at eCrater to get the "feel" of setting up.  I am doing a lot of research, but I don't think I'll be ready for my own site for a few months or so. 

I have my own store on my MUST HAVE list for 2007.

WP waiting for the Exodus?  I haven't seen many people leaving.

[Alskling]

[quote author=Kaboing link=topic=3775.msg39800#msg39800 date=1168269422]
[quote author=jojo-p link=topic=3775.msg39799#msg39799 date=1168267890]
Just noticed, the sales reports for the last 2 weeks of December are on the WP site - sorry if I missed this here.  They weren't announced over there at all.

Date              single multi  total
12/18 to 12/24 583 1523 2106  (a "record" !)
12/25 to 12/31 611 1131 1742
 

JoJo

[/quote]

Even if its a record, its still not impressive.  Its still around a 1.2% site wide sell through.  Since the bulk of the sales were multi purchases, its safe to assume a lot of the sellers made no sales during that period.
[/quote]

One thing that has always bothered me about the sales reports (apart from the fact that they are manually entered, so there's no way to verify sales), is that the reports cannot show "quality" of sales, so it is impossible to tell whether they are reflective of any sellers actually making money.

In following the sales activity of many of the "top" sellers, it is clear that WP's stars account for the multiple sales with  multiples of low-end items. SCL, for example, appears to have many of those multiple sales, with average item prices at about $3. Another example: some of the card dealers are selling cards at 5-6 cents each. Since the FVF to WP is 3 cents on a 5 cent card, the seller is only netting 2 cents. He'd have to sell 500 cards each month just to cover the store fees. To cover acquisition costs and PayPal fees, he's have to sell way more. It would look impressive on paper, but would be far from making a living.

Having a much higher volume of multiple sales compared to single sales tells me that what is selling is a repetition of little, piddly, low-cost items, like charms, beads and cards that can be shipped together cheaply. And it also tells me that these purchases were probably made by other sellers, since the traffic during that time was appallingly dismal. For all we know, it could be Ray himself selling items between his stores to pump up the sales report, which would, in turn, definitely show up as "multiples." It's all part of WP turdonomics -- razzle-dazzle and no substance.

 

[sneakymagenta]

SCL, for example, appears to have many of those multiple sales, with average item prices at about $3.

1500x3= 4500/8 = $563 monthly GROSS

The feedback rating of 1500 suddenly doesn't look very impressive. :blinkie:

WP's top seller grosses $563 monthly. Ebay has more than one top seller grossing $500,000 monthly :blinkie:

[BellisimaJ.]

WP's top seller grosses $563 monthly.

[thentavius]

WP waiting for the Exodus?  I haven't seen many people leaving.

Nope. The fee raise was expected and awaited by the masses. Everyone knew it was going to happen, so... as Pierre says, "it's only a nickel."

[thentavius]

In following the sales activity of many of the "top" sellers, it is clear that WP's stars account for the multiple sales with  multiples of low-end items. SCL, for example, appears to have many of those multiple sales, with average item prices at about $3. Another example: some of the card dealers are selling cards at 5-6 cents each. Since the FVF to WP is 3 cents on a 5 cent card, the seller is only netting 2 cents. He'd have to sell 500 cards each month just to cover the store fees. To cover acquisition costs and PayPal fees, he's have to sell way more. It would look impressive on paper, but would be far from making a living.

And, anyway, Bidville already cornered the market on sports cards.  ;D