Full access to Entrepreneur for $5

Reap the Rewards of Online Auctions

Wanna skyrocket your sales? Try auction sites.

This story appears in the November 2002 issue of Teen Startups.

With over 49 million registered users buying more than $9 billion worth of goods in 2001, it is a wonder why every company with a product isn't selling it on eBay.

Over 2,000 bids are placed on antiques and artwork every hour; 30,000 clothing, footwear and accessory items are sold every day; 375 die-cast cars are sold every hour; a craft item is sold every 9 seconds (with over $38 million in crafts and needlecrafts supplies sold last year); 2,200 Hallmark ornaments are sold every day; and more than $190 million in photography items were sold last year.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!