SAN JOSE, Calif., April 2,
2020 /PRNewswire/ -- As a result of the coronavirus pandemic,
brick-and-mortar retailers are closing their physical doors, and
economic data1 shows that half have only enough cash to
survive for 27 days without new money coming in. In light of this
situation, people everywhere are searching for ways to support the
businesses in their community and beyond. Today, eBay is
launching "Up & Running," an accelerator program
specifically designed to help retailers without an e-commerce
presence transition to selling online, pledging up to $100 million in support for small businesses
across North America.
"For the last 25 years, eBay has helped launch and grow hundreds
of thousands of small businesses, and now we've created Up &
Running to accelerate the start-up time frame for retailers opening
online stores during these unprecedented times," said Jordan Sweetnam, SVP eBay North America. "eBay was built on the simple
premise that connecting buyers and sellers around the world creates
economic opportunity, and this is exactly what we need to be doing
– now more than ever."
Up & Running on eBay
Through the program, eBay
will give new businesses a free basic eBay store for three months -
offering access to the marketplace's 180+ million buyers around the
world. With the new online storefront, eBay will waive selling
fees2 for these new businesses, and allow them to sell
up to 500 items for free. New eBay sellers will also receive the
guidance and resources they need to run their business on eBay -
including a suite of exclusive marketing and merchandising tools,
customization features to build a brand, discounted shipping
supplies and more.
In the wake of COVID-19, eBay mobilized a retail revival task
force to help the 70% of small businesses3 who do not
have any online presence – working quickly to consolidate and adapt
the tools and resources these new sellers would need to be
successful. Through Up & Running, eBay will provide educational
webinars, individual support, and access to experienced sellers
willing to mentor those who are new to eCommerce. In the coming
weeks, the company will also highlight small business sellers on
eBay.com, and provide new ways for shoppers to support their
favorite local businesses while staying at home.
Open Your eBay Store Now
New sellers can follow these
simple steps to get started, with support available along the
way:
- Create a business account on the sign up page
- Register your business by following the instructions in the
email that will follow
- Follow the steps on how to get started here, which will
activate your no-sales-fee offer
- Discover the resources you need to get a successful eBay store
up and running
Retail Revival
eBay was founded on the principles of
empowering people and creating economic opportunity. Since 1995,
eBay has helped businesses of all sizes thrive and most recently
established Retail Revival. This program was created in 2018 to
help brick-and-mortar businesses in cities experiencing an economic
downturn to reach a broader audience on the platform.
Supporting Existing Sellers
The launch of Up &
Running follows last week's significant moves to help the hundreds
of thousands of small and medium businesses that are currently on
eBay. The changes were announced to the seller community directly,
and include deferred fee payments, added seller protections and
100,000 incremental free listings. These actions reflect a
commitment by eBay North America
of more than $200 million in support
programs for existing sellers.
For more information, visit ebay.com/upandrunning. Join the
dedicated group on our community board and get to know other
brick-and-mortar sellers - both seasoned and new - and discover
real-time advice, inspiration, and guidance.
eBay By the Numbers
- eBay has 1.4 billion plus listings
- eBay has 183 million active buyers worldwide
- 72% of items ship for free in U.S., UK and DE
- 80% of all merchandise sold on eBay is new, and our wide
selection keeps growing
- 63% of transactions on the eBay platform involve a mobile
touchpoint
- 502 million downloads of eBay Inc. apps across the globe
About eBay
eBay Inc (NASDAQ: EBAY) is a global
commerce leader including the Marketplace and Classifieds
platforms. Collectively, we connect millions of buyers and sellers
around the world, empowering people and creating opportunity for
all. Founded in 1995 in San Jose,
California, eBay is one of the world's largest and most
vibrant marketplaces for discovering great value and unique
selection. For more information about the company and its global
portfolio of online brands,
visit www.ebayinc.com.
1 JPMorgan Chase Institute Small
Business Report, Evidence from 600,000 Small Businesses
2 New sellers who sign-up for the
promotion,will pay no final value fees for the first 500 sold
items that were listed during the promotion listing period. See
terms & conditions at www.eBay.com/upandrunning.
3 U.S. Small Business Association,
Civic Economic Study, Federal Reserve
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SOURCE eBay Inc.