Editor’s note: This article was first published in November 2010. The turnover of more than €800,000 is the 2010 figure, and the remark that the idea could still be developed in Spain is a 2010 view.
At a time when eBay and other second-hand marketplaces already existed, the Trading4u business idea appeared: a second-hand selling service with added value that relies on the platforms that were already there. That makes it doubly impressive, and this entrepreneur deserves a mention.
Bradley McLoughlin thought carefully about the business he wanted to build and analysed his idea so that it wouldn’t require a large investment. At the same time, he wanted a business model that let him pay his customers after selling their products, so the business was safe from the start.
How Trading4u works
Imagine you have an old television, an old bicycle or a sofa taking up space in your home, and you’d like to sell them, but either you don’t have the time or it’s a real effort to sign up to eBay or any other online second-hand marketplace.
All you have to do is call Trading4u and they collect the item from your home. They list and advertise it on online marketplaces and, once it’s sold, which usually happens fairly quickly, they pay you and you pay them their commission.
It’s a win-win for everyone. Trading4u has developed its own platform to combine logistics and sales quickly, without the customer having to deal with any of the hassle.
This is another example showing that to have a good business idea, you don’t need to invent something that doesn’t exist yet. It’s enough to use what’s already there and innovate a little more to turn that idea into a profitable business with turnover of more than €800,000, which is what this young entrepreneur’s company turns over today.
See also: A business idea for making money from the botellón (Spain’s outdoor street-drinking gatherings)
It’s worth adding that this business idea could still be developed in Spain.
Further reading
- The most profitable business ideas
- The business idea of the man who got rich selling tap water
- The absurd million-dollar business idea: The Million Dollar Homepage
- 10 business ideas with no investment
Featured image: Ildar Sagdejev ( Specious ), CC BY-SA 4.0, via Wikimedia Commons.
