|
The Info For E Bay Sellers-experience Of First Ten Years |
|
Written by Sagar Jawale
|
|
Wednesday, 16 June 2010 07:06 |
|
Yes, you read that correctly- ten years. E bay was created in September 1995, by a man called Pierre Omidyar, who was living in San Jose. He wanted his site - then called 'Auction Web' - to be an online marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its kind in the world. The name 'eBay' comes from the domain Omidyar used for his site. His company's name was Echo Bay, and the 'eBay Auction Web' was originally just one part of Echo Bay's website at e bay.com. The first thing ever sold on the site was Omidyar's broken laser pointer, which he got $14 for.
by SagarJawale
Yes, you read that correctly- ten years. E bay was created in September 1995, by a man called Pierre Omidyar, who was living in San Jose. He wanted his site - then called 'Auction Web' - to be an online marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its kind in the world. The name 'eBay' comes from the domain Omidyar used for his site. His company's name was Echo Bay, and the 'eBay Auction Web' was originally just one part of Echo Bay's website at e bay.com. The first thing ever sold on the site was Omidyar's broken laser pointer, which he got $14 for.
The site quickly became massively popular, as sellers came to list all sorts of odd things and buyers actually bought them. Relying on trust seemed to work remarkably well, and meant that the site could almost be left alone to run itself. The site had been designed from the start to collect a small fee on each sale, and it was this money that Omidyar used to pay for Auction Web's expansion. The fees quickly added up to more than his current salary, and so he decided to quit his job and work on the site full-time. It was at this point, in 1996, that he added the feedback facilities, to let buyers and sellers rate each other and make buying and selling safer.
In 1997, Omidyar changed Auction Web's - and his firm's - name to 'eBay', which is what individuals had been calling thesite for an extended time. He started to spend a lot of money on promoting, and had the eBay brand logo designed. It was in this year that the one-millionth sell was offered (it was a toy model of Huge bird from Sesame Avenue).
Then, in 1998 - the height of the dot com business - eBay turned massive enterprise, and the investment in Web companies on the time allowed it to bring in senior managers and business strategists, who took in public on the stock market. It began to encourage folks to sell other than just collectibles, and rapidly turned an enormous site the place you could possibly sell anything, large or small. Unlike different websites, though, eBay survived the top of the business, and is still going robust today.
1999 saw eBay go worldwide, launching sites in the UK, Australia and Germany. E bay purchased half.com, an Amazon-like online retailer, within the 12 months 2000 - the same year it introduced buy it Now - and purchased PayPal, an online payment service, in 2002.
Pierre Omidyar has now earned an estimated $3 billion from eBay, and still serves as Chairman of the Board. Oddly enough, he keeps a personal weblog pierre.typepad.com. There are now literally millions of items bought and sold every day on eBay, all over the world. For every $100 spent online worldwide, it is estimated that $14 is spent on eBay - that's a lot of laser pointers.
Now that you know the history of eBay, maybe you'd prefer to know the way it may work for you? The resources given below provides you with an thought of the possibilities.
About the Author:
Want to find out more about ebay, then visit Author Name's site on how to choose the best ebay motors for your needs. |
