It’s well-documented that Britain is facing a cost of living crisis – with everything from energy bills to food going up. Inflation is at 5.25 per cent and set to rise further.
Many families are cutting back or dipping into savings to deal with the rising costs. Others might be thinking about a second income to ease the burden.
A 2020 survey by online retailer eBay revealed that 75 per cent of its sellers began selling pre-owned goods in 2020 as a way to boost income amid the pandemic. Now, data analysts at Wholesale Clearance UK have conducted research to find eBay’s top-grossing categories and brands of the last year that are guaranteed to earn sellers some extra money.
Leading the way, ‘Fashion’ is the highest-grossing category altogether, with four sub-categories featured in the top 10. Top of the table, watches were the biggest earners for eBay sellers, with £249.4 million grossed from the sales of 5.7 million items between 2021 and February this year – £43.6 million grossed from Rolex sales alone. Selling for an average price of £51, 81 per cent of these were ‘new’.
Fashion’s sub-category of fabric also made the top 10. With the championing of sustainability and independent retailers, as well as many people creating and selling clothes as a hobby, fabric was the third highest-grossing product on eBay – fetching £197.3 million in sales across 11.6 million orders. A roll of fabric sells for an average price of £17.01, with 92 per cent of rolls sold classed as ‘new’.
Women’s dresses, men’s t-shirts and women’s boots also feature. Women’s dresses generated £84.1 million from nearly seven million sales at an average price of £12.45, with just over half in new condition. Men’s t-shirts made £42million from 3.7 million individual sales at an average price of £11.13, with 84 per cent ‘new’. Plus, the sale of 1.7 million pairs of women’s boots grossed £41.9 million, selling for £24.66 on average, 71 per cent of which were ‘new’.
(Image: Wholesale Clearance)
It’s no secret that most of the nation got into at-home fitness during the pandemic and the second-highest-grossing category, ‘Sports, Hobbies & Leisure’, reflects that – with £209.9 million made from the sales of nearly five million bikes. Selling at an average of £41.79 per bike, 90 per cent of these were classed as ‘new’, showing that the marketplace is a popular place to buy and sell new fitness equipment.
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