I Finally Start Using Reverb and now...

Discussion in 'Bad Dog Cafe' started by El Tele Lobo, Jul 22, 2019.

  1. El Tele Lobo

    El Tele Lobo Friend of Leo's

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  2. Fretting out

    Fretting out Tele-Holic

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    I hope nothing changes on the user side I’ve been using it for years with no problems what so ever , and don’t want any to start now
     
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  3. TeleBrew

    TeleBrew Doctor of Teleocity Ad Free Member

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    Huh. I've been using Reverb to buy and sell for a few years now. Hopefully Etsy leaves well enough alone.
     
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  4. Milspec

    Milspec Friend of Leo's

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    I still remember the good old days when ebay started out before it became the wild west and the abomination that it is today. Will etsy do the same to reverb? My guess would be a resounding yes. The only good news is that everytime one of these sites screw things up, another starts up to compete and that has been a good thing.
     
  5. Fretting out

    Fretting out Tele-Holic

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    I hope they don’t intermingle.I don’t want to have to sift through a hundred hand made superhero costumes to find what I’m looking for :(
     
  6. knavel

    knavel Tele-Meister

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    I do a fair deal of M&A. How much an acquired company changes post acquisition has a lot to do with the nature of the buyer.

    If the buyer is operating in the same business, the more likely the acquired company will change. If the buyer is along the lines of private equity--who normally goes no deeper into the acquired company than its board of directors, there is a better chance things won't change too much, or at least noticeably so.

    On the face of it, this Reverb purchase isn't on either end of the spectrum, it's more in the middle: Etsy sells things but not instruments. My guess is there will be people escorted out of Reverb in the finance side but not in any department where knowing even a little about instruments is something that matters.
     
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  7. Verne Bunsen

    Verne Bunsen Tele-Holic

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    I got the e-mail this morning too. Had the same reaction: “Aw man, I hope this doesn’t suck”. I do a lot on Reverb and find it to be a great community, it’d be nice if the new management can resist the urge to re-shape it. But as Milspec said, if it goes the way of eBay, something better will surely rise from the ashes.
     
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  8. FenderGuy53

    FenderGuy53 Poster Extraordinaire

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    Reverb has been my "go to" website for gear shopping AND selling for several years now. I like the exposure it gets and I like the way Reverb conducts its business.

    Hope that doesn't change...
     
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  9. GGardner

    GGardner Tele-Afflicted

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    Why is Reverb preferred over Ebay from a buyer's perspective? I actually never even heard of Etsy before.
     
  10. jondanger

    jondanger Poster Extraordinaire

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    I have only had good experiences on Etsy. I saw this news and it didn't worry me a bit.
     
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  11. Texicaster

    Texicaster Tele-Holic

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    As much as Etsy can irk me recently it has become a better place to sell.

    Sure fees and other things have changed BUT they have become MUCH more responsive if problems arise. I had a glitch on an insurance claim (one of my shipments was lost and I filed too late) Etsy refunded 100%. Recently a crazed buyer who chose no insurance had her shipment late, She filed a case and wanted a refund. A call to Etsy and resolved in 5 minutes...in my favor! (package subsequently arrived safe but late so happy ending).

    I'm confident Etsy can differentiate the guitar market from greeting cards and not "fix" what's not broken...

    TEX
     
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  12. brucerbc

    brucerbc TDPRI Member

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    I thought you were going to say that you'd joined a surf band ... :)

    Only limited experience with etsy, but all went well. Hoping reverb stays good too.
     
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  13. telemnemonics

    telemnemonics Doctor of Teleocity Ad Free Member

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    As a buyer I certainly don't prefer Reverb.
    Sellers are who flocked to Reverb for the lower fees, sellers who wanted to get more money for their stuff.
    Since those seem to be the sellers on Reverb I find the prices on Reverb higher than ebay or guitar center.

    OTOH many sellers list the same item on both sites.

    Some buyers suggest sellers on Reverb are better people.
    Not sure that's true, seems like sellers who want more money are not by nature more generous.
    Maybe sellers on Reverb are smarter or put up with less crap?
     
  14. telemnemonics

    telemnemonics Doctor of Teleocity Ad Free Member

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    Sounds good about etsy, and according to Reverb they will still be run by Reverb, not by etsy.
    Seen some arts & crafts guitar decorating already hitting the market though...
     
  15. claes

    claes Tele-Holic

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    They paid 275 millions. Money they intend to get back...from you. Good luck!
     
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  16. Art VanDelay

    Art VanDelay Tele-Holic

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    There are a lot worse companies that could have bought Reverb. I wonder, did Reverb list it's own business on Reverb or did they list it on Etsy?
     
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  17. boop

    boop Tele-Meister

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    I don't think anything will materially change. Reverb is going to remain a standalone business. Etsy is a bigger company and they can likely cut infrastructure costs. Reverb is a relatively new company which is doing a good job. I bet Etsy can make their money back through growth. Reverb will probably be worth a good bit more than 275 million someday
     
  18. GGardner

    GGardner Tele-Afflicted

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    Gotcha. I had one experience on Reverb. I bought a used Strat. It was a great experience--except that my bar is pretty low. So when I say the experience was "great," I mean simply that the product came as described, on time, with no surprises, and the seller was responsive. The price was higher than what I considered to be the actual market value (I paid $850 for a 2015 MIA), but I'd gladly pay it again to get what I got. See avatar photo.
     
    Last edited: Jul 23, 2019
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  19. telemnemonics

    telemnemonics Doctor of Teleocity Ad Free Member

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    Are you suggesting etsy bought reverb to make money?

    Given the mass popularity of online retail and consumers tendency to become addicted to massively popular online retailers even if prices are not actually very good, I can't imagine that etsy won't try to get more money out of reverb.

    The number one feature of reverb that brought in swarms of sellers was that it was cheap.
    Seems like it was cheap because Chicago music exchange wasn't really a Zuckerberg thinker as much as a we could do that cheaper than ebay thinker. Also Chicago music already had paid staff and a website, so startup costs were likely the price of the new domain name.

    Etsy OTOH saw dollar value, and paid a lot of dollars.

    While many who post on forums seem to have left ebay for the lower seller fees on reverb, clearly ebay is still busy and seems to have more of the same merch than reverb at any given time.

    While etsy may feel that they can better market reverb or market it cheaper, this user/ seller market is as much driven by the buyer community as by the parent company.
    Maybe etsy won't try to skim more profit from reverb and only wants a $275m ad platform for selling more crafts to guitar players?

    It will be interesting to watch how this unfolds...
     
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