Watton business cost �162 on Ebay
A NORFOLK internet entrepreneur has put his money where his mouth is by spending just �162 on Ebay to set up his latest venture.
A NORFOLK internet entrepreneur has put his money where his mouth is by spending just �162 on Ebay to set up his latest venture.
David Riches has opened a shop in Watton where people and businesses can take items to be sold for them on the internet auction site.
Everything in the Thetford Road Business Park unit, from the computers and printers to the tables, desks and telephones, was bought on Ebay.
Even his van, which he allowed himself a �5,000 budget, came from the auction website.
You may also want to watch:
'It was a bit of an experiment,' said Mr Riches, 37, whose previous ventures include a US-based website conference call business sold for �250,000 in 2006 after being set up in 2004 at a cost of �2,000.
The new business, called The Selling Shop, works by selling items brought in by people who do not want them or businesses who want to sell goods online but without having their own online presence.
Most Read
- 1 One of Norfolk's most expensive homes for sale for £3.5million
- 2 Street light debate councillor says education would stop fear of dark
- 3 Norfolk has no Covid patients in critical care for first time in six months
- 4 'Thank you for everything' - How Norfolk marked Duke of Edinburgh's funeral
- 5 Norfolk County Council elections 2021: Who is standing in Breckland?
- 6 Norfolk attractions enjoy 'amazing' Saturday as visitors flood back
- 7 Rapid coronavirus testing site set for launch in Thetford
- 8 Asda says redundancy 'last option' for bakery staff
- 9 On the buses: Mobile Covid vaccination service is launched
- 10 Historic Debenhams building goes up for rent
Cash is made by taking a percentage of the amount goods sell for and part of the cost of the postage, splitting the cost between the buyer and seller.
Since opening in January he said business was slowly picking up and last week he had a call from a firm in Scotland wanting him to sell printer toner cartridges for them.
'I think it has the signs of being a good business and it is starting to go national,' said Mr Riches, who also works as a consultant and thought up the idea after seeing similar ventures thriving in America.
