Home
Buy on eBid
Sell on eBid
eBid Stores
My eBid
Upgrade to Seller+ Lifetime
eBid Help
Close
Login to Your Account
eBid Community Forums - Chat & find help from others in the eBid Community
  • A Weak Pound Entices USA Shoppers to Buy from eBid UK



    A Weak Pound Entices USA Shoppers to Buy from eBid UK


    As the European pound continues to get weaker in light of Brexit and other factors, itís actually creating a boon to certain retailers, most notably in the U.K. There has been a marked jump in purchases from American consumers through the U.K.

    In fact, eBid has seen a recent spike above 30 percent increase in exports from the U.K.

    Many American consumers are finding that in this economy, things arenít improving as much as their media lets on. With tight finances and rising prices at home, theyíre looking elsewhere for good deals. Thanks for the Internet, it has become more effective to shop online for great bargains, no matter where they happen to be.

    On the surface, couldnít this just be a fluke?


    When the vote for Britain to leave the European Union (EU) was announced last summer, many claimed this would destroy Great Britain and leave it suffering from lack of sales, manufacturing, and fighting against tariffs and other challenges. The opposite seems to be taking shape and the help is coming from the most unlikely source: U.S. and Irish consumers.

    Why more people are looking abroad for better deals.


    The U.S. dollar continues to remain stagnant (some economists believe it has to do with the Federal Reserve keeping interest rates low and printing money every month to hold up the economy) and as the pound drops, it provides people more opportunities to look abroad for better deals.

    In fact, some of the deals people get through cross border bargains far outweighs shipping and export tariffs (taxes) that may be added on as a result. This is driving the forces of consumerism to become more global.

    The growth of UK sales.


    In a season that was anticipated to be volatile, with limited growth, the number of goods sold in the UK increased 7.4 percent in October, in comparison to figures from earlier in the year. This was the fastest growth seen in 14 years.

    Ultimately, this highlights not just the growing importance of online commerce for increasing global reach, but also the impact the dollar and pound will have on consumersí desires to get the best deals and save the greatest amount of money on their purchases.

    Right now, thereís never been a better time for U.K. sellers -companies and independent sellers alike- to reach a global market, tap into enthusiastic buyers from Ireland, the U.S., and elsewhere all turning to the U.K. for the best bargains. It truly is a win-win for eBid sellers in the U.K. and consumers around the world.
Follow Us
New To eBid?
register here