There is an interesting cover story in this month’s edition of Forbes Magazine featuring eBay CEO Meg Whitman. Entitled “What Would Meg Do?”, the article talks about what Meg is like as a leader, the rapid growth of eBay since 2000, and how that growth is now beginning to calm down.
While eBay recorded a record $1.1 billion in profits in 2006 (according to the article), growth is beginning to slow in the first part of 2007. The article reports that new listings on eBay are down 2%.
Many are beginning to ask questions as to why a slowdown is happening. I have thoughts of my own based on my years of experience as a seller and consulting with others about their eBay businesses, but I want to hear your thoughts.
What do you think? Why are eBay business owners posting fewer listings?
After I get all your thoughts, I’ll post again with my response.
Corey Kossack is one of eBay’s “top sellers” through his eBay store, Koss DVD. He is also author of eBay Millionaire or Bust and creator of ProfitBuilder software that maximizes profits for eBay sellers.