Posted: Fri Dec 29, 2006 8:11 pm
Post subject: Meghan and I Just Sent This: Subscription Plans Are Ending
Greetings Sellers,
We recently informed you that subscription plans 5-10 will expire on December 31, 2006. However, further analysis has convinced us that the problems arising from O-Subscriptions (specifically, high starting prices, and thus, low sell-through rates) are endemic to all subscription plans, and are therefore detrimental both to your business and ours. As a result, we are ending our O-Subscriptions and have removed the sign-up page.
Sellers currently subscribing to a plan will be allowed to utilize it through midnight, January 11. Any unused portions of your plan (including all January subscription fees) will be credited back to you.
Though we have eliminated O-Subscriptions, we are excited about other changes we are coding up now. By March, 2007, Overstock.com Auctions hopes to have released a classified ad platform, bid cancellation capability, and the revival of 1-day auctions. We are confident that these site enhancements, along with the O-Subscription changes, will add value to the bidder experience and, ultimately, to your business.
Should you have any questions, please direct them to [email protected]. We appreciate your support and wish you the best in 2007.
Respectfully,
Meghan Tuohig – Director, Auctions
Patrick M. Byrne – CEO, Overstock.com