Not sure I'm crazy about this - ginning up the numbers for an IPO? I doubt the site will be as much fun if they sell out to shareholders. Or is this the kind of thing they do every year (this is only my second January and I think last January I wasn't real active on there).
ETA: They even have an interactive pdf file to track listing numbers - though I'm not sure I'd care to be condemned to using such a thing on a little cell phone.
I haven't been there long enough so don't know but I DO KNOW they postponed their IPO until this spring so a push to ramp up listings, sellers and sales makes sense. Of course it could be to cash in on everybody's NYR to declutter and make $$. One single listing a day is a great idea but I don't think I'm gonna download their tracker.
I'm afraid of that, too - they say this is the first time they've done this. My sales over there have been good, I really don't want the rug pulled from under me when shareholders decide they want the same old shite Etsy and eBay have been doing.
For now, this type of promo isn’t costing us anything. They are banking on it resulting in more sales. What I don’t like is the closet clean outs where your discount has to be 10% less than the lowest discount. I can’t just offer a 10% off sale. (Stores don’t offer 10% off of their previous lowest price.). Buyers have come to expect a discount off of the listed price so even when I have lowered the price a couple of times, I get lowball offers. If PM wants to increase their revenue, they need to stop encouraging rock bottom prices.
Yeah, the real thing they need to do is pursue more buyers. We can list and list and list and discount and discount and discount, but if the buyers are finite, we're not going to sell much more than we are now.