How Many Items on eBay are New?
80% of items sold on eBay are new, and the remaining 20% of sold articles are old, according to an eBay press release.
eBay also launched the Certified Refurbished program. Under this program, a buyer can purchase refurbished products directly from the brand with a 2-year Allstate warranty.
The company launched the Certified Refurbished program under the following five categories:
- Portable audio
- Power tools
- Small kitchen appliances
Are Most eBay Items Fixed Price or Auction?
Most eBay items are fixed price. In fact, 88% of products sold in product categories on the eBay marketplace are marked Buy It Now product categories and don’t require bidding. Only 12 % of products are sold via auction.
Many of those who are thinking about starting an eBay store have the wrong impression that eBay mostly sells through an auction. The above eBay statistics prove this incorrect.
Promoted Listings: What Percentage are There?
Around 16% of listings are promoted listings.
There are 250 million promoted listings, according to eBay data. With 1.6 billion active listings on eBay, this gives us the percentage that are promoted.
Like most online marketplaces, competition is fierce on eBay. You will not move the needle without marketing, even if your prices are low.
eBay sellers implement various marketing services, such as:
- Email marketing
- Content marketing
- Creating websites to promote their eBay stores.
Promoted eBay listings are a popular way for eBay users to grow their online businesses. And the numbers prove it. Promoted eBay listings gave eBay sellers $186 million in revenue for Q3 2020.
How Many eBay Stores are There?
There are around 790,000 eBay Stores, according to Marketplace Pulse.
The number is not surprising considering the benefits eBay store subscriptions offer. If you’re serious about selling online across different countries, having a store on eBay com helps a lot.
eBay store subscriptions will enable you to position your store in different markets aggressively. This is because eBay Store subscribers receive a host of tools to grow sales.
You can get more information about the benefits of having an eBay store to grow your business here.
What is the Number of eBay Top Rated Sellers?
The number of eBay top-rated sellers worldwide is 100. And these top-rated business owners are scattered in different countries, including the US, UK, and Germany.
Here are the numbers by country, according to Marketplace Pulse:
- UK (48)
- US (27)
- Germany (20)
The top-rated program is launched by eBay to promote business owners who are doing exceptionally well on the eBay platform. Qualified top-rated sellers receive multiple benefits to boost their eBay sales.
eBay Trends About Products
To be a successful business owner on eBay, you have to know what sells best on eBay, and find a good source of merchandise at a low enough cost to turn a profit.
- If you sell collectibles or vintage items, be sure to identify the best flea market items to sell on eBay. If you are creative and prefer to sell your own handmade goods, read: Craft Ideas to Sell on eBay.
- Since most product listings involve new goods, many aspiring online sellers will need access to wholesale or overstocked items, or discounted retail goods. More and more sellers use an eBay inventory management system to keep track.
- Make sure you have the money to buy inventory in bulk for peak times. In August of 2020, eBay launched a program to offer eBay capital loans to sellers, in partnership with LendingPoint.
Here are other insights, trends, and facts to take into account:
What are the Top Selling Products on eBay?
The top selling products over the past 6 months include perfumes, stamps, tuning products, auto parts, vitamins, and herbal supplements, reported eBay.
Not sure about which category to choose on eBay to start selling?
Here is the best selling category list:
- Home and garden
- Health and beauty
- Garden and Patio
- Toys and hobbies
Look at the following insights to know what happens on eBay every minute:
- 32 vitamins and minerals are purchased.
- 6 women’s perfumes are bought.
- 15 lawn mower parts and accessories are purchase.
How Many Mobile Transactions are There?
More than half of all transactions on the eBay platform are viewed on a mobile device prior to purchase, according to eBay.
With such a big number of users accessing their mobile phones to view transactions, it becomes important for you to make all items listed mobile friendly on eBay. Doing so will help you get more items sold.
As the mobile app is easily available on both the App Store and Google Play, people use both the mobile app and the website to access eBay on mobile devices.
How Many Products Have Free Shipping?
70% of all items sold on eBay come with free shipping in the US.
As active buyers prefer to buy things that include free shipping, a big percentage of eBay offerings in the US include this perk.
If you also offer free shipping along with competitive prices, you’re more likely to succeed on eBay.
Holiday eBay Stats
Shoppers love eBay for the Holidays! If you are looking to find active buyers this holiday season, check out these statistics from eBay to grow your business.
- 72% of buyers will shop online more than they did previous years.
- 1 in 3 users will buy things of value between $1000 to $3000 this holiday season.
Whether you are selling locally or your customers are scattered around the world, the holiday season is likely to boost your growth rate. This is because 76 percent of users say that online shopping has become easier. So the number of users buying things online during the holidays will grow.
As you review the above eBay stats, make notes of what will help you beat your competition. Sometimes knowledge is all it takes to do better than competitors.
Research and consider alternatives involving the eBay ecosystem. For example, some entrepreneurs decide to go into business providing services to other sellers. Read: How to Start an eBay Drop Off Store.
Finally, watch costs closely. Whether it’s saving a few dollars on the best shipping tape, or remembering that eBay takes a 10% cut out of every item sold — even small expenses add up when you do thousands of transactions. Mark up your merchandise to account for eBay’s 10% listing fee, other fees, and miscellaneous costs. After all, the name of the game is profit. You can get more information about the benefits of having an eBay store to grow your business here.
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