eBay sees surge in UK small businesses joining the marketplace

eBay sees surge in UK small businesses joining the marketplace

 More than 36,000 new businesses joined eBay in 2018, the largest rise since 2015, reports the online marketplace.

Rob Hattrell, Vice President of eBay in the UK, said: “Britain’s small business scene is booming, fuelled by a desire for greater flexibility, independence and empowerment. It’s this attitude, coupled with an agile approach to decision-making, that means our sellers have what it takes to keep British business ahead of the pack.”

eBay’s Small Business Barometer reveals that the power to choose working hours (33%) and make their own decisions (30%) are the top motivations for UK entrepreneurs.

According to eBay : 43% of UK small businesses feel positive about their growth prospects in 2019, compared to just 22% who are pessimistic – a margin of two to one.

In fact, against a context of uncertainty, nearly two thirds of UK small business owners (62%) plan to increase their investments in 2019, according to eBay’s Barometer.

eBay’s Small Business Barometer suggests that digital retail will play a key role in small business success in 2019. Small business owners surveyed expected most of their growth to come from online sales (22%) and increased product lines (14%) in the coming year.

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