Online auction sites are the largest online marketplace

| Total Words: 523

Selling success is about being in the right place, at the right time, with the right product.

The Right Place

Online auction sites are the largest online marketplace in the world. Including the U.S., eBay has a global presence in 39 markets. A few of these markets include Singapore, India, Germany, Australia, Ireland, Italy, Canada and Taiwan. There are thousands and thousands of different types of items that are currently up for auction on the site. eBay has approximately 276 million registered users worldwide that trade more than $2,039 worth of goods on the site every second. The online auctions has hosted over 532,000 stores worldwide and has over 276 million registered users worldwide that trade in over 50,000 categories. eBay calculates that there were 637 million new listings added in Q4-07. At any given time, there are approximately 113 million listings worldwide, and approximately 6.7 million listings are added per day. Approximately 54 percent of eBay’s profit comes from international markets with the rest coming from the U.S.

The Right Time

Picking the right time to sell an item is a critical step of the auction process. Many items...

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