![]() One in every five eBay shoppers also focuses on searching for second-hand items to save money.Īccording to eBay’s 2022 Recommerce Report survey, 90% of buyers say they purchased pre-owned goods on eBay in the prior year. Research from eBay Ads also revealed that buyers are growing increasingly frugal amid inflation-related pressures, as 32% put deals and budget items at the top of their shopping lists. Meanwhile, searches for “hot water bottle” and “loft insulation” rose by 121% and 80%, respectively. ![]() For example, according to data from eBay Ads, searches for “heated blanket” on .uk increased 147% in October 2021 compared to the previous month. Trending searches conducted by eBay users fluctuate seasonally. Another 252 top sellers are from the United States, followed by 217 in Germany, 43 in China and 41 in Australia. Of eBay’s global top 1,000 sellers, the largest group calls the United Kingdom home, with 399. eBay also boasted the world’s second-highest web traffic during the same period, with an average of 307 million monthly unique visitors. Trailing only the e-commerce juggernaut Amazon, eBay was the second-most popular online marketplace worldwide in 2022, averaging about 3 billion visits per month. On a global scale, more than 133 million people actively use eBay for buying and selling activities in 190 markets. This analysis contributes to understanding the e-commerce giant’s wide-ranging influence, market adaptability and potential for future expansion. ![]() These data points represent eBay’s pivotal role in global online retail, its substantial user engagement and its commitment to mobile-first e-commerce.ĭiving deeper into eBay’s core strength – its expansive and diverse user base – provides vital insights into demographic distribution, growth trends and behavioral patterns. Notably, the platform hosts more than 18 million sellers, offering a diverse range of products across multiple categories.ĮBay demonstrates continued strength in the eCommerce industry, and its mobile app is a significant driver of transactions, with 58% of U.S. Known initially as a consumer-to-consumer platform, eBay now caters to businesses, boasting more than 1.8 billion live listings and operating in more than 100 countries.Īs of 2023, eBay maintains a user base of about 133 million active buyers globally, underscoring its massive scale and influence. Launched in 1995, eBay has evolved into one of the world’s most recognized online marketplaces. There is some incorrect information in the responses above, so I would again reiterate that you should consult a qualified accounting professional, such as a CPA.EBay at a Glance: Overview and General eBay Statistics If you do change your accounting method, there are specific rules about doing it and application forms you must complete. These situations are unlikely to apply to most readers of this forum, but of course you should always consult a qualified accounting professional to advise you about your own business and tax situation. There are also situations where the accrual method is required, but they are specific in scope and/or at quite high levels of average income. Accrual is more complicated and less intuitive for the average person, and so generally people choose it only if there is a compelling reason to do so…for example, if you carry significant payable and receivables over from year to year and using the cash method would grossly under/overstate your income. cash pertains to the rest of your business expenses, aside from inventory. If you are deducting your purchases as expenses, this is incorrect according to IRS rules. ![]() If you are selling on ebay, you should be tracking inventory and deducting the related COGS as you sell an item. You are required to use the accrual method for the inventory portion of your business.
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