eBay conducted a survey and discovered what most users already know: sellers are buyers, and buyers are sellers. The marketplace surveyed over 4,300 “consumer” sellers in North America and Europe in the fall.
Approximately 80% of the sellers responding to the survey said they also bought pre-owned goods in the last year, and 72% of US respondents said buying pre-owned products had become more common in recent years.
eBay also found that nearly three-quarters of sellers surveyed had begun selling pre-owned goods in 2020 for supplemental income, with 14% reporting that they had turned to selling because they lost their jobs due to COVID-19.
The survey also found that more people, particularly Generation Z, are turning to buying and selling secondhand goods online to support a healthier planet and sustainability efforts overall.
A majority (85%) of US respondents who sold pre-owned goods on eBay found the items at home from things they no longer used.
eBay found pre-owned technology and electronics items were the most popular and profitable, and apparel like sneakers, clothing and bags came in at a close second.
Almost one-third, or 28%, of US sellers said that technology and electronics items secure maximum sales, leading to over half of those surveyed, at 51%, focusing on selling such products.
Globally, 73% of survey respondents aged 18 to 24 say they were considering selling for the financial benefit – over double the average across all generations.
Gen Z is also buying more pre-owned goods than other generations, with 81% of 18- to 24-year-olds saying that buying pre-owned has become more common in the last year.