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Are people going broke?

 
Anonymous Coward
User ID: 51281220
United States
02/03/2023 01:02 PM
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Are people going broke?
So, disclaimer, I’m one of those people that still makes money selling things on eBay. I’ve been doing it as a *cringe* “side hustle” to make a little extra cash on and off for the last 10 years.

I’ve sold electronics, musical equipment, kitchen equipment, automotive parts, furniture, hand/power tools, basically anything that I think I can flip. Sometimes I make a little, sometimes I make a lot. It really depends on the item.

Now, before I go any further, I realize that less people purchase off of eBay than in years past. I get that. However, more people do than might be expected. That’s more or less why I still sell.

During the start of the pandemic things were going great. I mean, REALLY great. So great, in fact, I converted one of the bedrooms in my home into a tiny warehouse with isle shelving. Within just a few weeks, I emptied the entire room. I repeated this about 4 times in around 5 months. It was pretty cool and amounted to around an extra 1500 per month on average.

Fast forward to the tail end of 2022. I can’t get ANYTHING SOLD. ANYTHING. I’ve literally been sitting on the same items forever. Items that would have flown on the shelves two years ago are collecting dust.

Right now, one of the items I’m trying to sell is a husqvarna 20 inch gas powered chainsaw (new in box). Retail is around 450. I listed it for 325 with free shipping. To me, that seems like a pretty good deal. 6 weeks on line. No buyers.
A few days ago, I get an offer. Fifty dollars.. FIFTY DOLLARS. I was so annoyed, I pulled the listing.

I still get all the views I did but NOBODY is buying ANYTHING. In ten years of doing this, I’ve NEVER seen it this bad. I’m fairly certain that this economy is going to collapse in a few years.
Serenity Now

User ID: 15871874
Italy
02/03/2023 01:23 PM

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Re: Are people going broke?
I think food and energy prices are keeping people from spending. Christmas was probably a last hurrah for a lot of people. A lot of people are maxed out.

Good luck to you. I hope you can pivot as needed.
First tell the truth, then give your opinion....
Anonymous Coward
User ID: 77067883
United States
02/03/2023 01:27 PM
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Re: Are people going broke?
America has 50% less overall funds than it did 25 years ago if it helps you understand.
Anonymous Coward
User ID: 82311453
Singapore
02/03/2023 01:31 PM
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Re: Are people going broke?
OP...

TRY THIS:

HUNDREDS OF MILLIONS INJURED, MAIMED, 'LONG COVID', DISABLED

TENS OF MILLIONS DEAD
Anonymous Coward
User ID: 85198147
Spain
02/03/2023 02:15 PM
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Re: Are people going broke?
OP...

TRY THIS:

HUNDREDS OF MILLIONS INJURED, MAIMED, 'LONG COVID', DISABLED

TENS OF MILLIONS DEAD

 Quoting: Anonymous Coward 82311453

hesright
Anonymous Coward
User ID: 84494547
02/03/2023 03:00 PM
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Re: Are people going broke?
I think food and energy prices are keeping people from spending. Christmas was probably a last hurrah for a lot of people. A lot of people are maxed out.

Good luck to you. I hope you can pivot as needed.
 Quoting: Serenity Now


Christmas wasn't even a hurrah. I probably spent half the amount I normally spend.

Yeah, people are broke and their CC debt is getting huge.

Lot's of people on fixed incomes too and they have been hit especially hard. No extra spending $ which 100-200% price increases. 10% inflation is an outright lie.
Anonymous Coward
User ID: 78486320
United States
02/03/2023 03:03 PM
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Re: Are people going broke?
They going foap bitchin bout Dat woke
Anonymous Coward
User ID: 84750694
United States
02/03/2023 03:05 PM
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Re: Are people going broke?
I think the shipping cost is killing online purchases. I can't sell small $5 items and ask almost that much in shipping. It makes no sense to the buyer. I sell on Mercari and DePop it is deader than a doornail.
Anonymous Coward
User ID: 83777703
United States
02/03/2023 03:06 PM
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Re: Are people going broke?
I just steal that shit from home depot and lowes and can get it for free. Why the fuck would I pay you $325 lmaoooo
Anonymous Coward
User ID: 84616773
United States
02/03/2023 03:07 PM
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Re: Are people going broke?
Talk to a Repo Man. Business is Booming!

The answer is yes.
Anonymous Coward
User ID: 85183462
United States
02/03/2023 03:10 PM
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Re: Are people going broke?
Right now, one of the items I’m trying to sell is a husqvarna 20 inch gas powered chainsaw (new in box). Retail is around 450. I listed it for 325 with free shipping.
 Quoting: Anonymous Coward 51281220

Sell things people can eat.
Pepperroni
Fck mean people.

User ID: 78490109
United States
02/03/2023 03:13 PM

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Re: Are people going broke?
Yes. All food items are up 25–100%
Fuel is up. Energy is up. Everything costs way, way more.

The only thing not going up is the wage.
I’ve always told a ya, the media’s not your friend.” ~ Chris Cuomo

… The same media that told you all these lies for the last at least 50 years, is telling you that Joey Bribes won.


For by pharmakeia, were all nations deceived.
Anonymous Coward
User ID: 47922385
United States
02/03/2023 03:13 PM
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Re: Are people going broke?
No, We were broke from the beganing. As a matter of fact, We were born broke. Nothing new.
Mr Jenzie
User ID: 85126343
United Kingdom
02/03/2023 03:15 PM
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Re: Are people going broke?
you mean raped by power hungry and profit gouging companies?
Anonymous Coward
User ID: 78411956
United States
02/03/2023 03:15 PM
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Re: Are people going broke?
I for one got over $4800 dollars in Free Trump $$ and still had to go to work. I have $1600 left over and been only spending it at the bar buying drinks for my buds and playing Pull Tabs. Thanks Trump, for contributing to my delinquencies when I was so closed to kicking the gambling habit, but hey you kept sending me free money.
Exthalmus00

User ID: 70388854
United States
02/03/2023 03:16 PM
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Re: Are people going broke?
I think the shipping cost is killing online purchases. I can't sell small $5 items and ask almost that much in shipping. It makes no sense to the buyer. I sell on Mercari and DePop it is deader than a doornail.
 Quoting: Anonymous Coward 84750694


have you seen Mercari's new Shipping Fees as of Feb 1st? Fuk me running! They went up 30% across all weights
Exthalmus00
Anonymous Coward
User ID: 74952701
United States
02/03/2023 03:16 PM
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Re: Are people going broke?
I'll give you $75 for the chainsaw
England
User ID: 85176887
United Kingdom
02/03/2023 03:17 PM
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Re: Are people going broke?
Of course a man is always going broke with having a hobby in fast cars, i can barely keep up.
Serenity Now

User ID: 15871874
Italy
02/03/2023 03:21 PM

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Re: Are people going broke?
I think food and energy prices are keeping people from spending. Christmas was probably a last hurrah for a lot of people. A lot of people are maxed out.

Good luck to you. I hope you can pivot as needed.
 Quoting: Serenity Now


Christmas wasn't even a hurrah. I probably spent half the amount I normally spend.

Yeah, people are broke and their CC debt is getting huge.

Lot's of people on fixed incomes too and they have been hit especially hard. No extra spending $ which 100-200% price increases. 10% inflation is an outright lie.
 Quoting: Anonymous Coward 84494547



Very true.
First tell the truth, then give your opinion....
Anonymous Coward
User ID: 83878792
United States
02/03/2023 03:22 PM
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Re: Are people going broke?
I for one got over $4800 dollars in Free Trump $$ and still had to go to work. I have $1600 left over and been only spending it at the bar buying drinks for my buds and playing Pull Tabs. Thanks Trump, for contributing to my delinquencies when I was so closed to kicking the gambling habit, but hey you kept sending me free money.
 Quoting: Anonymous Coward 78411956


Yeah..it's Trump's fault that you are a low-life drunk degenerate
Anonymous Coward
User ID: 74735201
United States
02/03/2023 03:22 PM
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Re: Are people going broke?
Stihl, hell yeah. Ryobi, maybe. Hell no to everything else.

There's your problem OP. No one wants a cheap Chinese chain saw, especially in a 20". I'd be skeered to work it tbh.
Anonymous Coward
User ID: 81115934
Canada
02/03/2023 03:23 PM
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Re: Are people going broke?
Amerikkkans are struggling with $500-1000/month car payments thumbs
Tonight We Ride!

User ID: 77541527
United States
02/03/2023 03:24 PM

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Re: Are people going broke?
Only financial assets will go up from now on because the fed is printing money and buying stocks. The economy is collapsing but stocks are starting a new bull market.
Recollector

User ID: 85188250
Romania
02/03/2023 03:27 PM
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Re: Are people going broke?
Yes, but atm they are looking after a balloon...
Anonymous Coward
User ID: 83667304
02/03/2023 03:29 PM
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Re: Are people going broke?
So, disclaimer, I’m one of those people that still makes money selling things on eBay. I’ve been doing it as a *cringe* “side hustle” to make a little extra cash on and off for the last 10 years.

I’ve sold electronics, musical equipment, kitchen equipment, automotive parts, furniture, hand/power tools, basically anything that I think I can flip. Sometimes I make a little, sometimes I make a lot. It really depends on the item.

Now, before I go any further, I realize that less people purchase off of eBay than in years past. I get that. However, more people do than might be expected. That’s more or less why I still sell.

During the start of the pandemic things were going great. I mean, REALLY great. So great, in fact, I converted one of the bedrooms in my home into a tiny warehouse with isle shelving. Within just a few weeks, I emptied the entire room. I repeated this about 4 times in around 5 months. It was pretty cool and amounted to around an extra 1500 per month on average.

Fast forward to the tail end of 2022. I can’t get ANYTHING SOLD. ANYTHING. I’ve literally been sitting on the same items forever. Items that would have flown on the shelves two years ago are collecting dust.

Right now, one of the items I’m trying to sell is a husqvarna 20 inch gas powered chainsaw (new in box). Retail is around 450. I listed it for 325 with free shipping. To me, that seems like a pretty good deal. 6 weeks on line. No buyers.
A few days ago, I get an offer. Fifty dollars.. FIFTY DOLLARS. I was so annoyed, I pulled the listing.

I still get all the views I did but NOBODY is buying ANYTHING. In ten years of doing this, I’ve NEVER seen it this bad. I’m fairly certain that this economy is going to collapse in a few years.
 Quoting: Anonymous Coward 51281220


We are going world war three then the depression

its over
Anonymous Coward
User ID: 84920946
United States
02/03/2023 03:29 PM
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Re: Are people going broke?
what do you mean!? biden just gloated that the economy is ROARING and jobs are BACK!

5a
Anonymous Coward
User ID: 80691620
United States
02/03/2023 03:30 PM
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Re: Are people going broke?
Business has been slow and much harder to win. Last year I was wait listing orders and turning work down at this time. This year its down 52% yoy and trending down from the last week or so.

Christmas was much harder to win business, seeing the trends I designed cheaper items and had to sell 3x as many to only do 80% of last year.

Things are going to get worse it seems for online sales
th€bbo

User ID: 58605378
Finland
02/03/2023 03:30 PM
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Re: Are people going broke?
Yeah pretty much
We the people of the Planet Earth, in order to form a more perfect union,
establish love, insure global harmony, provide for the divine knowledge,
promote the I AM connectivity, and secure the blessings of manifestations
to ourselves and our posterity, do ordain and establish
this Constitution for the Planet Earth.

-

The Definition of Our Future:


Responsible freedom of self determination, becoming truly self-confident and free, to
unconditionally be responsible for oneself, without being coerced to accept some higher
authority.

--

Denn der Mensch ist der Acker und sein Herz sein Baum, sein Werk seine Frucht. -- Paracelsus
Anonymous Coward
User ID: 81115934
Canada
02/03/2023 03:32 PM
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Re: Are people going broke?
eBay to Raise Selling Fees for US Sellers in 2 Weeks

February 1, 2023

ARTICLE:
[link to www.ecommercebytes.com (secure)]

bird
Anonymous Coward
User ID: 84750694
United States
02/03/2023 03:32 PM
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Re: Are people going broke?
I think the shipping cost is killing online purchases. I can't sell small $5 items and ask almost that much in shipping. It makes no sense to the buyer. I sell on Mercari and DePop it is deader than a doornail.
 Quoting: Anonymous Coward 84750694


have you seen Mercari's new Shipping Fees as of Feb 1st? Fuk me running! They went up 30% across all weights
 Quoting: Exthalmus00


Yes and it is really the Postal service rates at fault too. Also, Mercari gets way to big a cut for what they actually provide.
Anonymous Coward
User ID: 80292137
United States
02/03/2023 03:33 PM
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Re: Are people going broke?
OP...

TRY THIS:

HUNDREDS OF MILLIONS INJURED, MAIMED, 'LONG COVID', DISABLED

TENS OF MILLIONS DEAD

 Quoting: Anonymous Coward 82311453

hesright
 Quoting: Anonymous Coward 85198147


THIS
hesright
hesright
hesright





GLP