eBay UK claims over 1,300 new eBay millionaires were created in 2018

eBay UK

Over 1,300 new eBay millionaires were created last year so eBay UK claims. One in five eBay sellers with revenues of £1 million or more were under the age of 30.

But one of the fastest growing age ranges on the eBay rich list was the over-60s. This group made up over one in eight of the total – showing experience counts as much as innovation.

Research showed the number of new self-made millionaires boomed by 18% to the highest in around a decade, as customers shun traditional shopping trips to the High Street.

“The uplift in the number of eBay millionaires demonstrates how entrepreneurs up and down the country are keeping up with the ever-changing needs of consumers, despite some tough economic conditions.”

“We are passionate about offering entrepreneurs a shop window to 180 million consumers worldwide. Whether they’re starting their first business while juggling studies, or launching a second career, our sellers are making the most of opportunities.”

Rob Hattrell, vice-president of eBay in the UK

The fastest growing community of millionaires was in Coventry, ahead of Birmingham and Manchester.

The figures, which coincide with the launch of the 2019 eBay for Business Awards, revealed home, furniture and DIY were the sellers most likely to hit the big time.

READ MORE: eBay UK dumps Shutl – replaces delivery service with Packlink


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