Announcement:Materials and articles for ProductCart 5 can be found at our brand new support center.

Create an account to edit articles | See Formatting Syntax for Wiki syntax | We look forward to your contribution!

What is eBay? A huge marketplace.

eBay is the world's largest trading community where over 83 million active users buy and sell millions of items every day. For sellers, the ability to market your product to millions of daily visitors makes using eBay one of the most efficient ways to sell just about anything. Most of the selling on eBay occurs either in an auction or in a Buy It Now format.

eBay is a huge marketplace. Total sales of goods at in 2007 reached $59.35 billion, up 13.1% from 2006. This represents a substantial portion of worldwide Internet sales (around 10% of all e-commerce happens on eBay, according to our research ). In the 4th quarter of 2007 alone, sales were $16.21 billion. The number of new listings was also enormous: 637.2 million (compared to 610 million a year earlier).

As for the type of sale that happens on eBay, the company reported that in 2007 fixed-price sales, or non-auctions, represented 42% of all sales, up from 38% a year earlier (keep it in mind when creating a listing: enabling the ‘Buy It Now’ feature is often a good idea).

At the end of the fourth quarter, eBay reported 83.2 million active users, with around 530,000 stores.

Lots of eBay’s business happens outside of the United States. In fact, the company reported that 54% of marketplaces revenue (the money eBay makes when a sale happens on any of its Web sites) came from outside the US in the 4th quarter of 2007. So, over half of its business is international.

Doing business on eBay begins when the seller posts inventory on eBay for a specified duration of time (e.g. 3, 5, 7 or 10 days). This is what the ProductCart eBay Add-on was created for: to make it quick and simple for you to take inventory from your ProductCart-powered Web store and post it on eBay.

eBay Add-on Table of Contents

QR Code
QR Code What is eBay? A huge marketplace. (generated for current page)