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Rise of the eBay Millionaire

Rise of the eBay Millionaire

Once perceived by many as an auction site for second-hand goods, is now the UKΓÇÖs largest online shopping destination.

Now, with 61% of the goods sold at fixed costs and over 17m unique visitors every month, eBay predicts that the number of million pound businesses trading on the site will increase by 25% in 2011.

With over 40 million live listings and 180,000 registered businesses in the UK alone, is just one part of the eBay Inc. empire that has provided a powerful shop window for businesses of all shapes and sizes since being founded in 1999.

Millionaire Growth Areas:

  • 1. Home & Garden
  • 2. Fashion
  • 3. Motors
  • 4. Consumer Electronics

Indeed with one item purchased globally every second via its online App alone, the opportunity to generate sales from this virtual high street seems solid.

But for those lucky few, eBay has opened up a global market and export-led growth ΓÇô both of which are said to be behind the rise of these eBay millionaires.

Explaining the reasons behind this success, Angus McCarey, Retail Director for eBay UK said:

ΓÇ£WeΓÇÖve seen a surge of businesses starting up on eBay since the recession which shows the vital role online businesses play in supporting the fragile UK economy.

ΓÇ£Many eBay businesses including some of our millionaires are selling offline as well so their total contribution to the UK economy is even more substantial.ΓÇ¥

Millionaire Hotspots:

  • 1. London
  • 2. Birmingham
  • 3. Nottingham
  • 4. Manchester
  • 5. Wakefield

While London comes out as the top hotspot for eBay millionaires, the rest of the Top 5 is occupied by locations north of the Watford Gap, suggesting a very real North/South divide when it comes to those occupying the exclusive millionaire row of

Do you use eBay as a shop window to the world?

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Author: | September 20, 2011 | 3 Comments on Rise of the eBay Millionaire

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