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Sales question for BrickOwl only sellers - where has the business gone?

GrahamGraham
in General Vote Up0Vote Down
I'm now on Brick Owl (only) over 4 years.

2014 was very rewarding, other than the amount of taxes I had to pay.

2015 and 2016 only half years, due to moving, so nothing to really look at.

This year, so far, is disappointing to say the least - sales (in dollar value and number of orders) January to end of September, are down ±40% from same period in 2014, this despite having a much more comprehensive inventory, and prices about 20% lower.

Just curious if other BrickOwl only sellers are experiencing similar, if anyone wishes to discuss that is?

Comments

  • 3 Comments sorted by Votes Date Added
  • StragusStragus
    Vote Up0Vote Down
    There is an oversupply of sellers and parts for the demand, but that isn't limited or specific to BrickOwl.

    Since 2015, the demand/supply ratio has basically been cut in half. Demand isn't growing as fast as seller inventories, and prices have fallen by 20% in the same period. Derivatives indicate that the oversupply and price drop will continue.

    Tough times, eh.
  • minithingsforlifeminithingsforlife
    Vote Up0Vote Down
    Oversupply doesn't last forever. If sellers get disillusioned and sell up and new sellers don't come along because of forum posts like this one, then oversupply can shrink.
  • GrahamGraham
    Vote Up0Vote Down
    Thanks for the insight. I suspected that might be the case. I wonder how those who do this as a sole source of income are doing.
    Almost 10 years for me now, after my best year 2014, I was considering "going for it" properly. I think I will maintain the status quo and ride it out. Something will have to give in the end. I don't see how prices can drop much further.
    I am going into something completely different next year, but don't plan on quitting - my 12 yo son wants to take it on later.

    In the meantime buyers must be enjoying this!
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