Saturday, May 03, 2008

eBay policy tells seller what price to set

eBay not big brother - becoming mom and dad

Read the next few paragraphs carefully.

Bill Cobb announced effective February 20, 2008, Store Inventory and Fixed Price listings must have a starting price of at least $1.00. The Buy It Now feature, which can be added to Auction-style listings, must also have a minimum Buy It Now price of at least $1.00.

Sellers will have 60 days (from February 20, 2008) to edit their Store Inventory Good ‘Til Cancelled listings that currently have a Buy It Now price of less than $1.00. Additionally, when revising items below $1.00, sellers will be prompted raise the price to meet the new minimum amount.

After the February 20, 2008 grace period, the remaining Store Inventory Good ‘Til Cancelled inventory under $1.00 will remain active and will continue to automatically relist, however, these items will not surface to buyers in search results. These items will be suspended from appearing in search until they have been revised to meet the new minimum price. Selling tools will also be updated in support of these changes. Markdown Manager will not permit items to be marked down below $1.00, while Best Offers will be restricted to a minimum of $1.00.

Now, what right does Greed Bay, oops mean eBay, who by the way is only a selling platform, have to tell sellers what the minimum price for their items should be? This should be the sellers decision. Whatever pricing a particular seller decides on it should be their decision. This price setting policy is no different than the local paper telling me I can't list my used car for less than $100.00. I paid the paper to run my ad, not tell me how much to sell for, take a cut of my sales, limit my communication with buyer, restrict me from advertising my used car on other venues, an so and so on. Don't think this would fly to well, do you?. After all isn't it the general consensus that who ever has the lower price generally sells more product?

Now, big retailers do have pricing regulations on certain products set by various manufacturers. As the majority of eBay sellers do not have the access to these same products these eBay sellers are selling their own items and or name brand products even that do not meet any requirements for price settings. Therefore the price a seller decides to set is their choice. If they want to sell an item at a loss that is their choice isn't it?

What ever happened to a competitive market place?

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