Belmont University

eBay Slows Down Entrepreneurs

eBay has thrown a speed bump on the road to riches that many entrepreneurs are trying to navigate according to StartupJournal.

"Entrepreneurs on auction giant eBay are still struggling to deal with their latest loop on the business rollercoaster after the Web site increased fees Feb. 18. An estimated 430,000 Americans make a full- or part-time living from running a business on eBay.

"'I'm going to pull everything,' says TJ Wilson, of Ketchikan, Alaska, who sold Celtic and Gothic jewelry at her eBay store. She closed her store, Reef Media, Feb. 18. 'One item I listed last week at 60 cents (in fees) will now cost me a buck and a half -- and I had dropped the price of the item!'"

Over reliance on a single customer, a single supplier, or in this case a single source of distribution puts any small business at risk.


|

TrackBack

Listed below are links to weblogs that reference eBay Slows Down Entrepreneurs:

» eBay Slows Down Entrepreneurs from Business Opportunities Weblog
Dr. Jeffrey Cornwall, on the effects of eBay's recent fee increases: "Over reliance on a single customer, a single supplier, or in this case a single source of distribution puts any small business at risk."... [Read More]

» Ebay from Skewedoutlook
At one point, like a lot of people, I looked into making a living thru Ebay.The It's getting harder for entrepreneurs to make a profit with the behemoth. I still believe it can be done, just not like the good 'ol days when people selling niche items ... [Read More]