Ebay And The Rise Of The Mompreneurs

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June 1, 2004 by Dane Carlson | 0 Comments

Business Week: “Today, upwards of 430,000 people in the U.S. alone — more than are employed worldwide by General Electric Co. and Procter & Gamble combined — earn a full- or part-time living on eBay selling everything from fashion to farm equipment, with the highest-sellers grossing up to $1 million a month. Of the estimated 48% of these sellers who are women, many are ‘mompreneurs’ — corporate stopouts who have found in eBay a way to tap into an international marketplace from their kitchen tables and finesse a saner work-life balance at the same time. It’s no coincidence that the rise of the eBay mompreneurs comes as more highly educated women are choosing to stay at home with young children. The percentage of working women with children under the age of one dropped from a record 59% in 1998 to 55% in 2002, after rising steadily for 30 years. Some see the decrease as a referendum on the work-life balance. As in, it doesn’t exist.”