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The Info For E Bay Sellers-experience Of First Ten Years |
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Written by Sagar Jawale
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Wednesday, 16 June 2010 07:44 |
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Yes, you read that accurately- ten years. E bay was created in September 1995, by a man known as Pierre Omidyar, who was dwelling in San Jose. He wanted his site - then known as 'Auction Web' - to be a web based marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its variety within the world. The name 'eBay' comes from the domain Omidyar used for his site. His firm's domain was Echo Bay, and the 'eBay Auction Web' was initially just one part of Echo Bay's web site at e bay.com. The first thing ever bought on the location was Omidyar's damaged laser pointer, which he received $14 for.
by SagarJawale
Yes, you read that accurately- ten years. E bay was created in September 1995, by a man known as Pierre Omidyar, who was dwelling in San Jose. He wanted his site - then known as 'Auction Web' - to be a web based marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its variety within the world. The name 'eBay' comes from the domain Omidyar used for his site. His firm's domain was Echo Bay, and the 'eBay Auction Web' was initially just one part of Echo Bay's web site at e bay.com. The first thing ever bought on the location was Omidyar's damaged laser pointer, which he received $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 company's - name to 'eBay', which is what people had been calling the site for a long time. He began to spend a lot of money on advertising, and had the eBay logo designed. It was in this year that the one-millionth item was sold (it was a toy version of Big Bird from Sesame Street).
Then, in 1998 - the peak of the dot com boom - eBay became big business, and the investment in Internet businesses at the time allowed it to bring in senior managers and business strategists, who took in public on the stock market. It started to encourage people to sell more than just collectibles, and quickly became a massive site where you could sell anything, large or small. Unlike other sites, though, eBay survived the end of the boom, and is still going strong today.
1999 saw e bay go worldwide, launching sites within the UK, Australia and Germany. E bay purchased half.com, an Amazon-like online retailer, in the 12 months 2000 - the same year it launched buy it Now - and purchased PayPal, a web-based payment service, in 2002.
Pierre Omidyar has now earned an estimated $3 billion from e bay, and still serves as Chairman of the Board. Oddly enough, he retains a private weblog pierre.typepad.com. There are now actually tens of millions of things bought and sold daily on eBay, all over the world. For each $100 spent online worldwide, it's estimated that $14 is spent on eBay - that is plenty 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.
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