Internet Auctions Boost UK Wealth

August 15th, 2005 • Related • Filed Under

The BBC reports that eBay now accounts for 1.3% of total UK retail sales, with £4Bn worth of trades expected this year with some household’s generating up to £3,000 on eBay.Although, I’m not making this amount I have to admit that eBay has changed the way I buy goods. I’m no longer afraid of buying something that I’m not sure about as I know I can offload it on eBay if I don’t like it. I even use eBay to upgrade my products, rather than throwing them away. For instance I sold my used 15GB iPod on eBay and purchased a new 40GB from eBay US without losing any money and I also did the same last week when I bought a new router.

eBay has removed the stigma around buying second-hand products and I now try to check on eBay everytime I buy something just to see if I can get a better deal.

What bargains have you found on eBay?

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Everton is based in London and has worked in the internet and mobile space for over ten years now, and before that worked in corporate strategy and consulting. He has a degree in Economics from Cambridge University, and currently runs the Portal and online operations for one of the largest ISPs in the UK. He also writes for Windows 7 News.

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