Mu­sic re­tailer is star seller

Macclesfield Express - - BUSINESS -

AN on­line en­ter­tain­ment re­tailer has be­come the most pop­u­lar busi­ness in the world to be us­ing eBay.

Mu­sicMag­pie, which has an of­fice in Mac­cles­field, re­cently sur­passed a pos­i­tive feed­back score of five mil­lion – the first eBay busi­ness in the world to do so.

It is a ser­vice for buy­ing and sell­ing col­lectible mu­sic, DVDs, books and con­sumer tech­nol­ogy such as iPhones, and em­ploys 1,000 peo­ple, mostly in the lo­cal area, to help run its 24/7 ‘mod­ern stock ex­change’ op­er­a­tion.

To­day, the busi­ness boasts an an­nual turnover of £100m and ex­ports to buy­ers in 140 coun­tries around the world.

Co-founders Steve Oliver and Wal­ter Glee­son launched mu­sicMag­pie in 2007 and ini­tially ran the com­pany from Steve’s garage in Stock­port.

They iden­ti­fied the mar­ket op­por­tu­nity to of­fer an on­line bulk tradein model for CDs, DVDs and games.

They launched the new busi­ness when the re­ces­sion left many con­sumers seek­ing a fast and easy way to raise cash for their old discs.

The first item ever sold by mu­sicMag­pie was a re­fur­bished copy of Abba’s Gold. The pair no­ticed the po­ten­tial to buy and sell mod­ern col­lectibles, with items like vin­tage train­ers and Lego at­tract­ing high prices on­line, along­side a huge de­mand for hard to find nov­els and mu­sic.

They de­cided that the model of a “mod­ern stock ex­change” could be ap­plied to CDs, DVDs, books and phones – with mil­lions of peo­ple in the UK alone sit­ting on this un­tapped wealth. The com­pany grew rapidly, and the launch of its eBay store in 2011 al­lowed mu­sicMag­pie to tap into an in­ter­na­tional mar­ket of 164 mil­lion con­sumers.

Co-founder and CEO, Steve Oliver said: “Mu­sicMag­pie en­joyed rapid growth in its first few years, but our launch on eBay re­ally sent sales soar­ing – it’s a huge mar­ket­place for col­lectibles that has given us ac­cess to cus­tomers around the world who want to be part of the ‘mod­ern stock ex­change’.

“We have cus­tomers as far afield as Ja­pan who have cho­sen to give us pos­i­tive feed­back – a vote of con­fi­dence in our store.

“We wouldn’t be here to­day if it wasn’t for the sup­port of our eBay sell­ing team and are im­mensely proud that hav­ing started a busi­ness in the mid­dle of the worst re­ces­sion in a cen­tury we now em­ploy 1,000 peo­ple.”

Mu­sicMag­pie co-founders Steve Oliver and Wal­ter Glee­son

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