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That was in 1995, and when three years later e Bay went public, Omidyar and his associate Jeffrey Skoll both became billionaires.

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Once you are satisfied that the product is in fine working order, the buyer notifies the seller and the funds are released.

One of the most attractive features of this auction site is its low cost. As a result, CQout is one of the best online selling sites around, and especially attractive to those looking for an additional revenue stream to their shopping platform of choice.

It has a growing following and currently attracts over 250,000 visitors a month and has around 15,000 sellers.

Etsy is an entirely different kind of online selling site.

There are no listing fees and for normal auctions, there is a commission of between 3% and 6.96% (inc. Up to 25% of Amazon revenues are generated by third parties who sell on the Amazon website, proving that it’s a great way to reach Amazon’s huge customer base and have your products viewed by many thousands of potential customers.