Australian eBay see scope for growth
Published May 8th, 2006
Internet auction website eBay still sees plenty of growth opportunities in the future even though sales grew by a massive 90 per cent last year.
EBay managing director Australia and New Zealand Simon Smith said the online shopping site was growing quickly and now had about three million members in Australia, representing more than one in five adults.
“Last year, the value of sales on eBay in Australia grew 90 per cent,” Mr Smith told a Trans-Tasman Business Circle function in Sydney.
“So we’re large and growing very, very quickly.”
He said the growth was coming from new members, and from existing members using the site to buy a wider variety of items.
“When we compare ourselves to some of the other markets – so US, Germany and the UK – we still see plenty of growth opportunities,” he said.
“Those markets are all continuing to grow … well into the double-digits.”
Mr Smith said the main challenge in terms of future growth was in attracting more members; giving those who had held off buying and selling items through eBay more confidence to do so.
