Ebay Millionaires Achieved Turnover of £1m!

Ebay expects to have over 150 'million pound businesses' this year, that figure is up 25% from last year. They said that of those, 10% are expected to have turnover of at least £3 Million. Ebay said that five millionaires achieved £1 million turnover in 2010 within one year of trading.  The Ebay business has been viable for some time now but Ebay say it has been down to the boost in exports to countries such as the United States, Australia and France.

Ebay was founded in 1999 and provides an online marketplace for the sale of good bringing together buyers and sellers. In the UK they have over 17 million unique visitors a month and 90 million active users. Sellers of all sizes use Ebay with over 160,000 registered businesses and 100 of well known brands and retailers. Ebay is a publicly traded company and has a market capitalisation of $37 billion.