A record number of eBay sellers have hit the £1million jackpot this year, new figures show.

The online platform said it’s seen a 35% rise in 'self-made millionaires' since online shopping surged in March due to lockdown.

London now has 52 eBay millionaires, while Manchester has 36 and Birmingham, 35.

It said home, furniture and DIY sellers have cashed in the most, after high street stores were forced to close for three months.

Beauty brands have also seen sales rocket, alongside clothes, pet essentials, books and furniture.

It's also seen a 256% increase in people starting side-hustles - after more than 9million workers were placed on furlough.

Adam Taylor and his wife, Alexandra Taylor, started eBay store Pet Shop Bowl in 2010 after losing both their jobs in the financial crash.

The couple, both 39, from Stratford-upon-Avon, said they discovered gap in the market online - but it's only really taken off this year.

Pet Shop Bowl is on track to make its first £1million

This year the business has gone from £2,000 a week to over £21,000 a week.

Now, it’s on track to turn over £1million by December as more people transition to online shopping.

"Our business has gone from strength to strength, particularly in lockdown," the couple said.

"Our pet products were flying off the shelves as more and more people were investing in their pets and spending more time at home with them. Pet treats and grooming products were particularly popular with our customers.

"In a matter of months we went from a making £2,000 a week to over £21,000 a week -that’s a 950% increase!

"Business is growing so quickly that we expect our sales to triple in the next twelve months, thanks to a boom in people shopping online."

Rodney Davies, from Oakhampton, Devon, sells home and garden accessories online. His business, Far East Direct, has a turnover of £4.5million.

But this has risen by more than 50% since lockdown.

eBay says it's seen a 256% rise in people starting businesses since March when 9million people were placed on furlough (
Image:
Bloomberg)

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"I met my business partner, Kevin, when we were in university in the 80s. We now run our business, Far East Direct, from two continents – Kevin is based in Hong Kong, while I'm here in the UK," he said.

"Since then the business has grown massively. Last year, our turnover was £4.5million, but with all our success over lockdown, we expect this to be £6.5million this year.

"We were lucky in lockdown as our range of items, such as dog beds, yoga mats and composters, proved really popular as people spent more time at home. Our Easibee business, which sells beekeeping equipment, also grew a lot as people sought out new hobbies that meant they could spend time outside."

Ebay said it's predicting a new wave of "post-pandemic entrepreneurs" over the next 12 months.

Murray Lambell, UK general manager, eBay said: "The uplift in new self-made millionaires on eBay proves that Britain’s entrepreneurial spirit is alive and kicking, despite the challenging economic times we are facing.

"The pandemic has certainly hit business hard, but it has also shown that entrepreneurs are cut from a different cloth and can turn a crisis into an opportunity, making millions in the process.

"It is these forward-thinking small businesses who will help power the UK’s economic recovery and thrive in the long term."