Online Auction Trader

Online Auctions are a great place to have some fun, buy/sell and make money as you do.

I am totally addicted to making money from the Online Auction scene

This blog is a place where I can share my learnings and also rant, rave and praise all aspects of the auction scene.

Auction Philosophies

Buy your product, add value and sell for a profit.

Sell in a professional manner using all the tools available.

Think outside the box and make your money.

EBay’s first quarter 2008 results - key points

Just been digesting the Ebay published results and some points of interest are:

First quarter revenue of $2.19 billion, up $424 million from the same period last year

Net Income was $460 million versus $377 million, +22% on last year

Gross merchandise volume was $16.04 billion for the quarter, an increase of 12% over the first quarter of 2007

42% of gross merchandise volume was fixed price trading

55% of revenue generated from outside the US

Paypal grew 17% on eBay but 61% OFF EBAY - Google checkout isn’t gaining the ground it first seemed to be it seems..

Skype - looks like it wont last 2008 and will be sold!!!

Lots and lots of additional information available but these are the key points as I see them.

2 Responses to “EBay’s first quarter 2008 results - key points”

  1. MandyMoo Says:

    WOW, hopefully my business will return figures like those eventually. Actually I will be happy just to be able to give up my day job.


  2. Mike Says:

    Everyone has to start somewhere :o)

    A key to starting off any business selling online (I presume you are as you have read my blog) is to get your own web presence sorted and then utilise the Ebay traffic volumes to filter to your own site.


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