gemfeller
Cave Dweller
Member since June 2011
Posts: 3,759
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Post by gemfeller on Jun 22, 2017 13:24:22 GMT -5
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Don
Cave Dweller
He wants you too, Malachi.
Member since December 2009
Posts: 2,616
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Post by Don on Jun 22, 2017 15:59:01 GMT -5
Good. Etsy needs a good house cleaning and to re-focus their business on being profitable and bringing more buyers to their sellers.
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jun 22, 2017 16:18:15 GMT -5
They are cutting staff and paying out $8MM in severance packages. They are focusing on.... "huh"? That is a head scratcher. Sounds to me like Etsy is bleeding money. Perhaps a truly handmade competitor has risen? Or poorly managed? Or people like jamesp are making their own websites and cutting ties? Seems to me the fees are very high for the traffic.
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doublet83
starting to spend too much on rocks
Member since March 2016
Posts: 118
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Post by doublet83 on Jun 22, 2017 16:54:59 GMT -5
Etsy is profitable, they generated 5% operating income margins in 2016. However their growth has slowed, revenues is growing about 15% this year compared to about 40 to 50% in 2015 and 2014. So the stock has done poorly since it went public a few years ago. There is probably pressure on them with the CEO leaving and poor performance, so would guess that's why they're cutting costs.
There's not really new competitors for Etsy other than Ebay (old competitor) and Amazon handmade, which has gotten limited traction I believe. The issue is that Etsy's products generally just have a limited market. (I research stocks for a living.)
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Post by Pat on Jun 22, 2017 17:54:59 GMT -5
I'd like to sell online again in a venue similar to Etsy original. When big companies were allowed to join, I lost interest. When Etsy wanted lots of banking information, I quit.
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Post by opalpyrexia on Jun 22, 2017 18:02:44 GMT -5
Talk about corporate bafflegab! The reasons given for the realignment reach the pinnacle of business jargon that seems to say something but is entirely without real-world meaning. "Bafflegab"! I love it! That's a new word for me but it's perfect. I seem to recall a 60 Minutes' segment years ago that pointed out that the biggest segment in book publishing was business. Want to learn the latest in business thinking, strategy, and bafflegab vocabulary? Toss out last week's book and buy another today! And start using the new words right away — nobody else knows what they mean anyway.
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Post by Pat on Jun 22, 2017 18:05:52 GMT -5
Bafflegab = gobbledygook 😀
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Post by opalpyrexia on Jun 22, 2017 18:25:40 GMT -5
Bafflegab = gobbledygook 😀 Yeah, I know. I worked in a corporate environment most of my life. Marketing is the worst offender for Dilbert-speak. When I worked at a modest-sized corporation 20 years ago, one day I found myself standing with the chairman and the VP of sales. They were hyping up a brand new business book titled, "52 Top Marketing Secrets" or something like that. Then the chairman turned to me and asked me what I thought of the book. Having just seen the 60 Minutes segment, I replied, "I think they left out the 53rd secret — 'Write marketing business books'." I was serious, even though I meant it as a joke. All I got was stunned silence and blank looks. That probably explains my career success there.
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,154
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Post by jamesp on Jun 22, 2017 18:27:53 GMT -5
According to the New York Times, we could be entering the “Dot Calm era”. Compared to last year, many online retail sectors are seeing a slowdown in sales growth. Books and apparel will see significantly lower online sales this year, but other segments such as appliances, computers and music will also slow down, says the article. The NYT focuses on “internet fatigue” and the “sprucing up” of bricks-and-mortar stores as reasons for the slowdown in sales. Others feel that it’s the result of consumer’s balancing out their emotional and practical elements of online vs offline shopping sprees or the price of gas and the knock-on effect it has on delivery charges. What the article does fail to mention is that e-retail is a fast maturing market and that the historical "hypergrowth" was bound to subside at some point. Growth is still happening; it’s just the rate of growth that’s slowing down. While annual sales growth rates of 25 percent were once the norm, analysts predict this will drop back to industry-wide rates around the 9 percent mark. www.bizreport.com/2007/06/is_the_ecommerce_industry_slowing_down.htmlIn Canada globalnews.ca/news/1014183/e-commerce-growth-slowing-in-canada-analyst/Warehousing costs www.benzinga.com/media/cnbc/17/06/9608810/the-one-factor-that-could-slowdown-e-commerce-growthE-commerce lay offs slowing down www.ecommercetimes.com/story/10083.htmlMarmalead keeps it's members educated on the status of e-commerce. That's where I was made aware of a slowing e-commerce. Mentioned Amazon, Ebay, etc going thru same phase. Old news. My wife reads their updates. Heard it from her.
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,154
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Post by jamesp on Jun 22, 2017 18:59:46 GMT -5
To speed up delivery time. Key to internet success. WAREHOUSES. Atlanta is a super warehouse town. We live near the warehouse district. Amazon is next day almost every time we order. Must have seen 100+ being built in the past 2 years in my limited travels thru Atlanta. These sites are rich in Native artifacts after the trees are removed. It takes a long time to remove the forest. Then hope for rain. www.bdcnetwork.com/big-box-warehouse-construction-continues-increaseNote-40% used for e-commerce products. We can order groceries excepting fresh foods cheaper than we can buy them at brick and block. Next day delivery thru Jet. Internet coupons. again, wife.
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jun 22, 2017 20:05:49 GMT -5
"could be entering the dot com era"??
Are you sure that article wasn't dated 1999? Or is the New York Times 18 years behind the curve? Huh?
What is and will happen is retail stores are working on being more fun and entertaining. Free WiFi, fun presentation, feed the snake a rat... Whatever. Retailers are finally learning that their business is entertainment. Something a dot-com cannot do..... Been there did that, had a ton of t-shirts!
Amazon just bought whole foods. Free amazon pickup in the grocery. Tell me that isn't a draw?
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,154
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Post by jamesp on Jun 22, 2017 20:43:11 GMT -5
"could be entering the dot com era"?? Are you sure that article wasn't dated 1999? Or is the New York Times 18 years behind the curve? Huh? What is and will happen is retail stores are working on being more fun and entertaining. Free WiFi, fun presentation, feed the snake a rat... Whatever. Retailers are finally learning that their business is entertainment. Something a dot-com cannot do..... Been there did that, had a ton of t-shirts! Amazon just bought whole foods. Free amazon pickup in the grocery. Tell me that isn't a draw? I see the dates on some of the articles. Yes, some are old and did not notice. No matter, e-commerce has it's cycles. The past few months have been slow according to sources that may be challenged. I choose to believe it. Because it's normal for business cycling, Etsy is probably responding to a slower pace. No problem.
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jun 22, 2017 21:40:45 GMT -5
"could be entering the dot com era"?? Are you sure that article wasn't dated 1999? Or is the New York Times 18 years behind the curve? Huh? What is and will happen is retail stores are working on being more fun and entertaining. Free WiFi, fun presentation, feed the snake a rat... Whatever. Retailers are finally learning that their business is entertainment. Something a dot-com cannot do..... Been there did that, had a ton of t-shirts! Amazon just bought whole foods. Free amazon pickup in the grocery. Tell me that isn't a draw? I see the dates on some of the articles. Yes, some are old and did not notice. No matter, e-commerce has it's cycles. The past few months have been slow according to sources that may be challenged. I choose to believe it. Because it's normal for business cycling, Etsy is probably responding to a slower pace. No problem. I believe in the cycles. Of course! As for Etsy? Maybe it's a down cycle. Or a maybe we learn more when the next quarterly earnings report is published. Maybe sales are brisk, but poor choices by management means they bleed money. Many variables. We all should definitely get some popcorn. This isn't a good sign. Is it a short term bad? Or long term bad? Time will answer. You are smart in all you have been doing for your online businesses. Very smart. I'm learning by watching... One more thing. Unrelated. Today and yesterday I heard television/radio "money men" say that the stock market is undervalued and has plenty of room for growth. It's at all time highs. Just like 2001. Coincidentally, that was the last time I heard "money men" spouting about room for growth..... Just before the dot-com bubble burst.
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,154
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Post by jamesp on Jun 22, 2017 22:56:17 GMT -5
I see the dates on some of the articles. Yes, some are old and did not notice. No matter, e-commerce has it's cycles. The past few months have been slow according to sources that may be challenged. I choose to believe it. Because it's normal for business cycling, Etsy is probably responding to a slower pace. No problem. I believe in the cycles. Of course! As for Etsy? Maybe it's a down cycle. Or a maybe we learn more when the next quarterly earnings report is published. Maybe sales are brisk, but poor choices by management means they bleed money. Many variables. We all should definitely get some popcorn. This isn't a good sign. Is it a short term bad? Or long term bad? Time will answer. You are smart in all you have been doing for your online businesses. Very smart. I'm learning by watching... One more thing. Unrelated. Today and yesterday I heard television/radio "money men" say that the stock market is undervalued and has plenty of room for growth. It's at all time highs. Just like 2001. Coincidentally, that was the last time I heard "money men" spouting about room for growth..... Just before the dot-com bubble burst. Selling on Etsy- Get it while you can. I operate with zero security. Etsy and their buyers can change with the wind. Will not be surprised if sales go to pot in a matter of weeks. For a myriad of reasons. Those bigger ticket items such as e-commerce trends seem totally unpredictable. Etsy's corporate decisions ? No idea. If I had an booming internet company I would try to offer them great retirement packages after 10 years. Or you work your tail off for me and I will allot an above average chunk of money at 10 years. They may be giving high dollar severance packages to get young meat to replace the old guys. No telling what Etsy is up to. Guarantee they have some money rolling thru. Fees and advertising payments alone have to be sweet money. Search 'rings' - 1.5 million items, 'necklaces' - 1.6 million items. That's a lot of listings. Would like to have a conversation with one of those severed employees.
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jun 23, 2017 10:14:54 GMT -5
There are no "old timers" in these companies. Maybe Etsy has them. Google doesn't, except at the very highest levels. Everyone in <35 and grew up learning the tech and have the drive and habits to keep current. Different mindset different skillset.
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Post by radio on Jun 23, 2017 14:58:26 GMT -5
I believe in the "Dot.calm" thing! I dropped my website a couple of months ago as it had been 6 months or more since it did anything for me. I refuse to deal with Etsy at all! I would like top have an online presence and really wish there was a place kind of like Etsy, but that did not allow cheap Chinese made crap being bought and re sold as "hand made", or "Artisan made"! jamesp with your knowledge of online marketing you should start "Price Points for Artisans" or something like it :-)
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