New Year entrepreneurs are very successful in terms of their first year’s sales, says an eBay press release sent to the Budapest Business Journal. The top 10 most successful new Hungarian businesses starting last year are now turning a combined HUF 245 million of their total sales via the marketplace in 2017, which is an average HUF 24.5 mln per business in their first year. Some sellers have earned more than HUF 73 mln, the press release adds.
These businesses are significantly adding to the wide range of new products available via eBay, by offering 7,406 products directly to shoppers on eBay in 2017. The most popular categories for new businesses registering on eBay in Hungary in 2017 were electronics, fashion, home & garden, collectibles and vehicles.
Among the most popular products offered by these new Hungarian sellers in 2017 were DIY tools, instruction manuals (e.g. for Lego, home electronics), gift cards, collectible series, military products (e.g. clothing, old medals and other collectibles), and T-shirts.
New Year entrepreneurs are taking the plunge when it comes to exports, too, with all of the most successful sellers trading abroad. The top 10 most successful Hungarian entrepreneurs starting their business last year sell their goods to 68 countries, notes eBay.
The business rush hour when most new registrations occur on eBay in Hungary is 4-5 p.m. (Budapest time), and more than 6% of registrations are made from mobile phones.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
