eBay & Golf Merchandise = $7 Million in Sales
“Todd McGohan started selling on eBay in 1999 with his wife, Stacey. Their business, The Guildmark Group, specializes in high-end watches, jewelry, coins and fountain pens. It generated $1.5 million in revenue in 2006.
The online business has always done well, but in 2000, when McGohan spotted the opportunity to make some additional money by selling merchandise a local pro shop was liquidating, he jumped at the chance to enter a new market. “I love deals,” he explains. After paying $4,400 for the inventory and selling it on eBay for $5,700, McGohan knew there was a market for golf equipment.
Today, Proshop Warehouse runs about 3,000 auctions weekly, with average purchases yielding $170. They also opened a retail location in 2006, which has allowed them to do business with manufacturers that were previously off-limits to the online-only venture, and they have added $500,000 in incremental revenue to their bottom line.”
Todd McGohan, 42, and Tim Stallard, 36
Proshop Warehouse
Dayton, Ohio
eBay User ID: proshopwarehouse
2006 Sales: $7 million
Projected 2007 Sales: $7 million
eBay Business: Golf clubs and accessories
(image via Proshop Warehouse)