The company was founded by the entrepreneur Pierre Omidyar in 1995; eBay was among the first auction websites on the internet. Its initial designation was AuctionWeb. Fast forward to 25 years to the present. You can observe in the eBay data below the site has evolved into an international marketplace, connecting buyers and sellers on the internet.
Maybe you’ve purchased items on eBay before, but you’re thinking about the best way to begin your own eBay shop or even be an eBay seller. We will show you the possibilities of this possibility. Keep reading as we look at eBay statistics for sellers, along with company statistics and volume figures that you must be aware of.
eBay History Facts
eBay has had an interesting story, from its humble beginnings to its exploding business.
The story was circulated that the founder Pierre Omidyar had created the website solely to assist his wife in collecting Pez Candy dispensers. However, it was later discovered that the claim was fake.
Here are some fascinating eBay historical facts about eBay:
- The first item to be listed for sale on eBay was a damaged Laser pointer, which Canadian Mark Fraser bought with the intent of fixing since he was unable to pay for a new laser pointer.
- Chris Agarpao was the first employee Pierre Omidyar hired to process the mailed check payments. eBay still employs him.
Pierre Omidyar founded eBay as an exercise. After seeing the site’s growth, he resigned from his job to devote his attention to the site exclusively. Jeff Skoll joined eBay as the first president in the year 1996. The site crossed the $7.2 million mark for sales in 1996.
These are additional information concerning eBay that might be of interest to you:
- Initially, it was run from the comfort of its home; eBay rented its first office at 1025 Hamilton Avenue in San Jose, CA, in October 1996.
- Initially known as AuctionWeb, The site was officially changed its name to eBay in September 1997.
- eBay acquired its first company in 1998.
The company began trading shares at NASDAQ using the symbol EBAY in 1998. It was expected to sell shares at the cost of $18. In contrast to expectations, the share price jumped to $53.50 within one day.
Below are some additional eBay historical facts that you could be interested in:
- The company introduced the “buy the item now” option in 2000 and allowed users to purchase products immediately.
- It introduced worldwide delivery programs back in 2012 to help US sellers send more efficiently to buyers from other countries.
- eBay has introduced a price match guarantee on eligible deals in 2017.
In the year 2020, eBay will be celebrating its 25th anniversary. The company is growing rapidly and just completed an impressive quarter under the direction of eBay chief executive Jamie Iannone, who was appointed in April of this year.
eBay is a responsible corporate citizen and serves the community with total sincerity and commitment. The company quickly decided to end several of its top executives for the practice of cyber-stalking publishers.
Recently, eBay agreed to sell their classifieds business Adevinta for a total amount of $9. 2 billion.
eBay Statistics All-Over
So do people still use eBay? The answer is yes, as evidenced by numerous studies. eBay is today a global online marketplace that has reached record-breaking numbers. eBay, along with its brands, enjoys a presence in more than 190 markets.
eBay is truly worldwide. Here are some of the key findings of eBay’s annual report:
- Fifty-nine percent of eBay revenues come through international transactions.
- The company employs 13,300 people across the globe, of which 6,600 are based within the US.
The following are frequently asked questions concerning eBay data:
How many people are using eBay?
There are 318 million customers who buy on the eBay marketplace worldwide. Additionally, there are 1.6 billion active listings on eBay. Therefore, it is easy to understand why millions of people are using eBay worldwide.
Are you interested in knowing more about the US’s most popular online marketplace in the eyes of sellers?
That’s eBay. As per Statista, the site scored 6.53 on a 10 point scale.
How Many Transactions Does eBay Process?
The site reached a 25 billion Gross Merchandise Volume (GMV) in the third quarter of 2020.
Gross Merchandise Value is the total amount of successful transactions that have been closed between the users of the platform.
With the influx of new sellers constantly coming on board worldwide, GMV is expected to grow even more. This means that eBay’s percentage of sales volume in marketplaces online will grow.
You can find eBay GMV from 2006 through 2020 here.
What is eBay’s Revenue?
eBay revenue for Q3 2019 was $2.083 billion. According to eBay, eBay’s Revenue in Q3 2020 was $2.606 billion, which is a 25 percent increase over Q3 2019.
Where are eBay Sellers Located?
The majority of the best seller on eBay is located within the US. Others are located in different locations.
Take a look at the following info to gain an understanding the location eBay sellers’ geographical location:
- United States (28.2%)
- United Kingdom (28%)
- Germany (16.5%)
- China (13.2%)
- Australia (4.2%)
- Others (9.8%)
The United States has the largest amount of sellers on eBay.
eBay Stats Sellers and Listings
The savviest sellers understand that listing is the most important factor in the sale. The most efficient method is to streamline their business by using a reliable listing application (see: eBay listing tools). They are also aware that the way they present their content is crucial to their success, which is why they cut down on time using listings templates for eBay. Additionally, they monitor the various eBay reports finding the most competitive prices.
They also know the facts and figures such as these:
What is the number of items listed on eBay?
There are about 1.6 billion listings currently available on eBay. eBay marketplace.
This number indicates that eBay is among the most popular marketplaces. The number of items on the site is about seven times more than the number of eBay buyers. That means that there are more goods than buyers. In the end, you’ll have a competition or rivals even if you believe that you are offering something different.
Therefore, it is essential to improve the quality of your eBay listings to increase your rank for your products on eBay.
What are the Average Listings Per Seller?
There are an average of 268 items for each seller on eBay.
If you’re not a store eBay member, you can enjoy as much as 200 listings for free each month. Beyond this, eBay charges $.35 per listing.
If you sign up for one package of eBay bundles for store owners, you’ll get additional opportunities to post your posts.
How Many Items on eBay are New?
80percent of the items sold on eBay are brand new, while the other 20% of the sold items are older as per the eBay news release.
eBay has also introduced its Certification Refurbished Program. Customers can buy refurbished items directly from the brand through this program with the 2-year Allstate warranty.
The company introduced the Certified Refurbished program in five categories:
- Portable audio
- Power tools
- Small kitchen appliances
Are Most eBay Items Fixed Price or Auction?
The majority of eBay items have a fixed price. In reality, 88% of items offered in categories of products on eBay are labeled as Buy It Now product categories and do not need bidding. Only 12 percent of the items are offered through auction.
Many people considering launching an eBay store are under the false notion that eBay is mostly sold via auction. The above eBay figures prove that this is not the case.
Promoted Listings: What Percentage are There?
About 16 percent of listings are advertised listings.
According to eBay’s data, there are 250 million listings that have been promoted. The site has 1.6 billion listings active on eBay, which is the proportion of promoted listings.
As with most marketplaces on the internet, there is a lot of competition On eBay. There is no way to move the needle without marketing, no matter your prices aren’t high.
eBay sellers offer a variety of marketing solutions, including:
- Email marketing
- Marketing content
- Create websites to advertise eBay stores. eBay stores.
Promotional eBay listing is a well-known method for eBay users to expand their online business. The numbers show it. Promoted eBay listings earned Sellers on eBay 186 Million in Revenue in Q3 2020.
How Many eBay Stores are There?
There are 790,000—eBay Stores, as per Marketplace Pulse.
This isn’t surprising due to the benefits eBay store subscriptions provide. If you’re planning to sell your products online to various countries, having an online store with eBay com helps a lot.
eBay store subscriptions can help the store be placed across different markets with a lot of force. This is because eBay Store subscribers receive various tools that can help you increase sales.
Get more details about the advantages that come with owning the eBay store to help grow the size of your company by clicking here.
What is the Number of eBay Top Rated Sellers?
The total number of eBay’s most highly-rated sellers worldwide is 100. These most highly-rated business owners reside across several countries, including Germany, the US, the UK, and Germany.
Here are the figures for each country, based on Market Pulse:
- UK (48)
- US (27)
- Germany (20)
eBay has developed the program that is rated the highest to highlight entrepreneurs who have done very well using their eBay platform. Sellers who are top-rated and qualified receive various benefits that help boost their sales on eBay.
eBay Trends about Products
If you want to be a successful business owner eBay, You must be aware of what is selling best on eBay and find the best source of products priced at a price low enough to make profits.
- If you’re selling collectibles or other vintage items, make sure to choose the most desirable antiques and flea market items you can make sales on eBay. If you’re creative and want to market your handcrafted items, take a look at Craft Ideas to sell through eBay.
- Since the majority of product listings are new items, many prospective sellers on the internet will require access to overstocked or wholesale products as well as discounted retail items. Many sellers are using a stock control system to monitor their inventory.
- Be sure to have enough cash to purchase stocks in bulk to be prepared for the peak season. In August 2020, eBay announced a program to provide eBay cash loans to sellers in conjunction with LendingPoint.
Here is additional information to consider: Trends, facts, and other information to keep in mind:
What are the most popular items on eBay?
The top-selling items during the past six months have included perfumes, stamps tuning equipment, auto parts, as well as supplements, and vitamins, according to the website eBay.
Are you unsure what category to select to sell on eBay to begin selling?
Here’s the top-selling list of categories:
- Garden and home
- Beauty and health
- Garden and Patio
- Toys and other hobbies
Take a look at these insights to find out what’s happening on eBay each minute:
- Minerals and 32 vitamins can be bought.
- Six women’s perfumes are purchased.
- Fifteen lawn mower parts and accessories are available for purchase.
How Many Mobile Transactions are There?
Over half of transactions made on the eBay platform are viewed via a mobile device before purchasing as per eBay.
With such a large amount of people using their mobile phones to look at transactions, it’s important to make every item listed mobile-friendly on eBay. Making this change will help you increase the number of items sold.
The mobile app is readily accessible on both App Store and Google Play; people use both the mobile app and the website to connect to eBay through mobile devices.
How Many Products Have Free Shipping?
Seventy percent of products sold on eBay are shipped for free within the US.
Since active buyers tend to purchase products that offer free shipping, many eBay products in the US offer this benefit.
If you offer free shipping, along with affordable prices, you’re more likely to be successful on eBay.
Holiday eBay Stats
People love shopping on eBay during the holidays! If you’re looking to attract buyers during the festive season, look over these data of eBay to expand your business.
- 72% of consumers are more likely to shop online than they did in the past.
- One in three people will purchase value items between $1000 and $3000 during the Christmas season.
Whether you’re local or your clients are located all over the world, The holiday season is likely to increase your sales rate. 76 % of consumers believe that shopping online is becoming easy. This means that the number of customers purchasing things online during the holidays is expected to increase.
While you go through the eBay statistics, take note of what you can do to beat your competitors. Sometimes, it’s all you need to perform better than your competition.
Explore and think about alternatives that are part of the eBay marketplace. For instance, some entrepreneurs decide to start a business that provides solutions to others selling on eBay. Read: How to Start an eBay Drop Off Store.
Also, be sure to keep an eye on costs. You could save just a few dollars by using the most effective shipping tape or recollecting that eBay gets a 10 percent cut of each product sold, even the smallest costs added in the event of hundreds of transactions. You can mark up your products to cover eBay’s 10 percent listing fee, additional charges, and other expenses. In the end, the game aims to construct money. There is more information about the advantages of creating the eBay store to expand your business by clicking here.
This article, “Fascinating eBay Statistics and Facts for Small Business Sellers” was first published on Small Business Trends