eBay's Sweet Spot -- Hard to Find Stuff
Speaking of selling into the boonies, an eBay seller from Baltimore whom I met on the flight from BWI told me she sells a lot of merchandise to people who have trouble reaching the malls where most of America shops. It may be because they live in remote areas, or are handicapped, or otherwise have trouble getting out and about.
Sandy Woodward, who works for Woodward & Associates in Baltimore, said her firm sells all kind of stuff on eBay. She described how they acquired a large lot of 500 plus-sized, cotton drawstring pants for resale on eBay and were expecting the 2x-sized pants to be the biggest seller. Instead, the pants in sizes 8x and 9x sold like crazy.
"I got thank-you letters from people from all over, who said they were just so hard to find -- or they weren't able to go out shopping much and were really grateful," said Woodward.
Woodward said she's seen eBay change enormously in the six years or so she's been selling. She loves many recent changes, including the steady expansion of eBay's online payment service, PayPal, into other countries and currencies.
EBay chief executive Meg Whitman said at the shareholder's meeting Tuesday morning that PayPal currently allows online payments in 55 markets around the world and seven different currencies. That will expand to more than 100 markets and 17 currencies by year end, she said.
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