eBay said 79% of the casual sellers it surveyed in October reported their selling on eBay had stayed the same or increased over the prior six months due to the economy. 13% of the sellers surveyed said they engaged in “recommerce” – selling used goods – due to lost household income.
The findings are part of eBay’s third annual Recommerce Report released on Tuesday in which it explored what drove people to buy used goods on its marketplace.
“Our latest study shows that both sellers and buyers are turning to recommerce for its financial benefits,” eBay said in announcing the report. “Sellers are making and expanding their livelihoods on our marketplace by selling gently used goods, while buyers are seeking pre-owned items to find what they love at a fraction of the price.”
eBay said that for both sellers and buyers, recommerce is also a way to reduce their environmental impact. “About 90% of our seller respondents said reducing waste is an important aspect of sustainability in recommerce for them,” it said.
eBay surveyed 11,064 of eBay’s consumer-to-consumer (C2C) sellers in the U.S., U.K., Canada, Germany, France, Italy, Australia and Japan between Oct. 18 and Nov. 1, 2022. In the U.S. and Canada, sellers included all sellers with less than $10,000 gross merchandise value (GMV) or fewer than 25 transactions in a year. In the U.K., Germany and France, it included any seller who self-identifies as C2C.
This year, for the first time, eBay surveyed 7,459 buyers in the U.S., U.K., Canada, Germany, France, Italy, Australia and Japan.
eBay CEO Jamie Iannone was quoted in the press release: “We know that our sellers and buyers are passionate about the sustainable and economic values of recommerce. At eBay, these values are core to who we are as a company – and we work every day to build a more robust circular economy.”
Some other interesting findings from the report:
“Nearly 4 out of 10 respondents found themselves operating an online business almost by accident, without intending to become entrepreneurs. That’s an 8% increase from 2021.”
And, “65% of respondents felt that selling pre-owned products has become easier in recent years.”
Sales maybe the same but you are making less due to higher cost of everything. It would be nice to mention what categories were those sellers selling in that reported ease of selling. Autoparts category was heavily affected by glitches in the listing tool for days and days on and off which resulted in spotted sales . Sales maybe the same but there maybe no growth or much left over to reinvest as you are making less and less again more for fees, more shippińg, more gas, more tolls, more for items, more for electricity (plus junk fees ..) more for water (most of the bill is not usage) etc etc
Agree. Buyers get sticker shock when they checkout. I’m one of these buyers. I went to buy a $9 beanie that totalled $25 after shipping and taxes. I backed out.
Yeah, and then Janet ‘Harridan’ Yellin’ will come yellin’ at your doorstep demanding her cut of your money.
How did they determine who to survey, was it random or did they select sellers in their preferred categories like sneakers and watches? My sales on eBay are down 60%, with more than twice the items listed from 4 years ago. Luckily my sales are up on other marketplaces like Poshmark and Mercari.
Ya know, Over analyzing is the death of proper action.
We need at least 2 venues that charge no more than 3% on the Item Only.
eCrater is the Stellar Role Model.
With all the dopey kids involved in programing, I should think 2 are smart enough to know how to create excellent venues. They would be held up as heroes of the working class.
Right now you have disconnected, blind, deaf, selfish, greedy a$$holes at the helm.
ecrater can’t be found in Google Search. We need Google search to get buyers to our stores.