@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

eBay Heads East

Posted by iBlog on August 9, 2007

Two years ago, the 24-year-old Cai was a brand-new college graduate just hoping to eke out a living. Now he runs a tiny international business, buying toys from local factories at ultracheap prices and hawking them on an eBay store (51Toy.com). Last winter, he was pulling down $6,000 in monthly sales, with a profit margin as high as 40%, which puts him in the top fifth of earners in China–better than most white- collar workers. Almost 90% of his customers send their payments to him online. “The Internet,” he says through a translator, “is how I reach the world.”

Read the full article on Fastcompany.com

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