Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Trade Me woes
Posted on 9-Feb-2016 15:01 by Bill Bennett. | Tags Filed under: News.


Radio New Zealand’s Higher prices on cards as Trade Me changes fees and NBR’s Trade Me cut to ‘sell’ from ‘buy’ at broker Craigs are two sides of the same story.

As the Craig’s broker in the NBR story explains Trade Me is a mature business. There’s not much room for the kind of fast growth it has seen in the past and it faces pressure on margins.

Which is where the Radio New Zealand story comes in. The latest price change is about better margins. Sellers now have to pay a 7.9 percent fee. It quotes Lance Wiggs: “ I think they’ll probably gain $2 million to $5 million to even $10 million positive”.

Trade Me is still easier and cheaper than the obvious alternative. The standard eBay success fee is 10 percent.

While Trade Me is potentially vulnerable to a competitor, to date no-one seems to have come close to challenging what is, in effect, a monopoly on on-line auctions in New Zealand.

This article was first posted at billbennett.co.nz


Filed under: Money Tagged: business, TradeMe



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA: Donald Trump
Created by TimA, last reply by DarthKermit on 17-Jan-2017 16:00 (1710 replies)
Pages... 112 113 114


New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by debo on 17-Jan-2017 17:33 (46 replies)
Pages... 2 3 4


BP Ultimate Petrol (98) prices
Created by Satch, last reply by coffeebaron on 17-Jan-2017 17:21 (17 replies)
Pages... 2


Sony TV switching TV from sky to freeview
Created by chunkybeats, last reply by dolsen on 17-Jan-2017 15:06 (16 replies)
Pages... 2


How do people feel about lawyers?
Created by Rikkitic, last reply by MikeAqua on 17-Jan-2017 09:35 (48 replies)
Pages... 2 3 4


Sick of TM search engine, how can I use google to find an exact Tag, ie NZ New?
Created by TeaLeaf, last reply by Jaxson on 13-Jan-2017 19:13 (16 replies)
Pages... 2


New fibre install and SunGenie power supply
Created by littleheaven, last reply by littleheaven on 16-Jan-2017 22:41 (14 replies)

Mountain Bike Recommendation
Created by networkn, last reply by joker97 on 15-Jan-2017 22:14 (14 replies)