‘Millionaire’ sellers on eBay grow 50% in four years in the UK and Germany
Frankfurt — "Millionaire" online businesses selling on e-commerce site eBay have jumped 50% in key international markets Britain and Germany in the last four years, despite currency swings that have slowed growth outside the US. Fresh data published on Tuesday by eBay shows the number of million-euro businesses selling on eBay grew to 1,095 from 731 in Germany last year since 2013, while million pound-plus businesses rose to 663 from 443 in Britain over the same time period. EBay’s two big European markets were collectively responsible for 30% of eBay’s total net revenue of nearly $9bn in 2016, although reported revenue in both markets dipped amid currency declines against the US dollar. Two examples in the north of England are MusicMagpie.co.uk, which buys used CDs, DVDs and electronics from consumers for resale on eBay in more than 140 countries, and cycling accessory seller MaxGear, now a £3.5m a year business. While eBay started out 22 years ago as an online auction site for con...
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