A FEW YEARS AGO, I listened to John and Patrick Collison explain how power sellers leveraged eBay through the use of smart software. The recession has been good news for many businesses selling on eBay. Jonathan Moules has seen data that suggests "the number of £1m-plus turnover companies trading on the online marketplace is set to double this year." Moules looked at eBay UK and the numbers say "66 businesses turned over more than £1m last year." The trendline is promising: "eBay expects this total to rise to 127 £1m-plus compnaies by the end of this year, with an average increase in turnover of about £600,000 per business." The Financial Times Weekend profiles Jeremy Wicks who started his business as an 18-year-old. He sells B-stock, pre-owned and ex-display electronic equipment now, under the brand Why Buy New UK. He dispatches about 400 eBay orders per week, selling stock at a fixed price, rather than using eBay's traditional auction service.
Jonathan Moules -- "Turnover boon for eBay businesses" in the FT Weekend, 21 August 2010.
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