Paypal and Ebay Breaking Up
When I first heard that Paypal and its parent company Ebay was breaking up I laughed until I cried. The biggest hammer that Ebay has had over its sellers was the added impact that an Ebay suspension could led to a Paypal suspension and or an account freeze. This has happened to thousands of Ebay sellers and the result was to cripple their businesses. Many only sellers lost everything when this happened.
The break up will in the short term mean next to nothing for those whom have had their businesses hurt of destroyed by this unholy alliance, but for those of us who have moved on to start our own online stores it is good news. Amazon is top dog amongst online retailers, but Ebay is still a huge monster that occupies second place. As Ebay’s power and influence decreases this allows those of us who have set up shop on countless other websites and of course our own online stores to see a growth in our own businesses.
There are rules that keep companies in most industries from forming monopolies to drive out and or control all other businesses smaller than them. When Ebay and Paypal began their rises they were not covered by anti-trust laws that would have kept them from doing all that they have gotten away with for the last ten years. Without Paypal to lean on Ebay will begin to lose market share. This has happened during the last three or so years leading up to the moment when they parted company.
Now an independent Ebay is going to lose more and more of its share of the online marketplace due to the simple fact that it had created the virus that will attack it from all sides. The virus that will attack it are those tens of thousands of sellers that it suspended or restricted during the years. Those ebay suspensions were placed upon sellers who generated tens of thousands of dollars each month. Those former Ebay powersellers have two things in common. They learned how to sell a tremendous about of product online and they all have a burning hate for the company that left them out in the cold. Soon Paypal will face the same issues as more and more avenues to collect payments open up online.
Today I would like to suggest that instead of trying to get back on board a sinking ship you take a chance. Build your own ship. Build it as large as you want to and take command of it. If you are under a suspension now is the time to move your business to the dozens of other online retailers options. Sell on all of them at once and connect all of this new activate to the personal webstore that you are going to learn to build. For a quick tutorial on how to build a site click here.
Good luck with recovering from your Ebay suspension and do not worry there are countless opportunities out there for you. The best days are ahead of you. You wanted to be an online seller not because you wanted to work for Ebay, but to be your own boss. When you were suspended or restricted did you feel like a boss or an employee? Today you can change that once and for all.