A History Of Early Ebay
Topics: eBay, online auctions, auctions websites, sell on ebay, buy on ebay, ebay business opportunity
Do you know who created eBay and what year it was? It was created by a man named Pierre Omidyar in 1995 in the month of September. Omidyar who was living in San Jose at the time wanted to create an online market place so he wrote the code in one week end and created AuctionWeb. Now the name he used for his domain was called ebay which was part of his companies name Echo Bay. eBay AuctionWeb was just one part of his Echo Bay website at ebay dotcom. Do you know what the first item ever sold on eBay was? It was Omidyars laser pointer which he sold for $14, and it was broken too!
Ebay became very popular in a very short time. Sellers listed all manner of stuff and buyers readilly bought them. During the start there was a large amount of trust involved and it worked pretty well. There was not a lot of maintenance to the site. Omidyar even from the start collected a small fee on each sale. He took this money and used it for expansion. Soon he was making more money from eBay than he was from his job, so he quit his job to work eBay full time. To let buyers and sellers rate each other and to make it a safer arangement, in 1996 he added the feed back feature to eBay.
In the year 1997, the one millionth item, a big toy version of Big Bird from Sesame Street was sold. It was also the year that he officially changed the name of his site and company from AuctionWeb to eBay. He spent a lot of money on advertising and had the eBay logo created. Omidyar changed the name to eBay officially because it was becoming such a brand name and every body was calling it ebay anyway.
In the year 1998 business was realy booming and eBay became a massively huge. It went public on the stock market and ebay hired alot of senior managers and business strategists who handled the public outing. During this time with eBays encouragment, people started to sell a lot more than just collectibles. You could sell just about anything large or small. Where a lot of other doc com companies folded during this time, eBay survived very nicely, and is thriving to this very day.
In 1999 eBay went Global with a vengence. The UK, Austrailia, and Germany were launched that year. eBay purchased an Amazon type of online retailer called half dotcom. In 2000 they brought in the enormously popular feature Buy It Now to great successs. In 2002 eBay purchased the scandle ridden payment processor PayPal, to the relief of most of the internet. PayPal has became a lot more reputable under eBays ownership. During its pre eBay ownership, PayPal was often accused of freezing peoples accounts taking members money and never giving it back for no particular reason.
Pierre Omidyar still serves as the Chairman of the Board at eBay and has personally earned billiions from eBay. He has tried to keep a smattering of blogs around the net, one of which you can find at pierre.typepad dotcom. This has been a brief historical venture down eBays memory lane. Now a days, there is millions of items bought and sold on eBay every day on just about every corner of the planet. It is estimated that for every $100 spent online, $14 of it was spent on eBay. That is a tremendous amount of money for a business that started out as a small one man operation.
If you are interested in learning more about how you can get into buying and selling on eBay there are tons of courses, books and ebooks available. eBays own site has a tremendous resource catalog of tutorials and videos. So if you have ever wanted to venture in the lucrative world of eBay, now is as good a time as any. Good luck and happy selling and buying on eBay.
Please visit our sites ebayauctions.answer-s.com for more eBay Help information and videos, also answer-s.com for resources and solutions on many other topics.
Previous Articles Highlighter:
Six Basics For Buying Anniversary Gifts For Mothers (1)
Basic tip 1: Anniversary gifts for moms need to have lots of sentimental value. A perfect anniversary present for her would make her feel great about herself, her family and her time spent with her family.
How To Increase Your Forex Profits With One Simple Step (2)
Well this system may be profitable or not, but there is a simple way to increase the profits of any forex trading system. It's based on filtering the signals that the system provides you with.
How To Find The Best Registry Cleaner (3)
There are a large number of registry cleaners out there so you do have to keep some features in mind to look for when shopping around so you get the most out of your money.
Holiday Gift Buying Tips (4)
Buying gifts for the holiday season is not easy, especially if you are buying gifts for a person so close as your own mother. Gifts for mom need to be simple, and communicate the feeling of love for her.
How To Push Forward After Being Given The Sack (5)
A lot of people tend to rant and rave about the company that layed them off, but this could in fact have a detrimental effect on you, as people may not want to employ you because of your rants.
How About You? Choosing The Right Domain? (6)
The keyword analyzer will help you with 90% of your domain name, while your wit with fillers can help you the other 10%. And, if after an immense amount of pondering, you still can't get the .com, you can opt for other extensions.
Do You Have The Mindset? To Be An Entrepreneur? (7)
However, you do not take risks blindly; you must be able to calculate them. By properly calculating the risks, you can determine if the risks are worth taking or not.
Travel From Belgaum To Bangalore By Bus (8)
Belgaum has excellent city bus connectivity and also for the rural area around Belgaum , the charges are nominal around Rs 10 from one end to the other part of the city.
Things To Consider When Buying A Smoke Alarm (9)
They do however have a somewhat higher number of false alarms. The best of both worlds is to use ionization and photoelectric in different areas of your home. A general rule is to have a minimum of one smoke detector for every level of your home.
Which Forex Class Will Provide Me The Best Chance Of Obtaining My Economic Self-Determination? (10)
With the tremendous expansion of the internet there now exits ways to gain that know-how and proficiency in a relatively short period. The Forex class that provides quick access to the expertise the pros possess are called Mentoring programs.
Newer Articles Highlighter:
Future Trends In The MP3 Player Industry (1)
Another expected development is that the more fiddly and difficult to operate devices will be phased out in favour of simplistic user interfaces and a greater range of features. For instance, the modern MP3 player is not purely a means of listening to music, today devices hold photographs, videos and in some cases text documents.
Stansted Airport; The USAAF, POWs And Car Hire Services (2)
With the growth in budget air travel and the package holiday Stansted became the airport of choice for many airlines, this was because being a smaller airport the executives were able to charge airlines less than both Gatwick and Heathrow, subsequently the site built up a strong affiliation with budget air travel that continues to this day.
European-Style Vanities- Why Are They So Popular? (3)
They may look like solid wood and might have a wood front, but the rest of the vanity is made of a cheap pressboard, which isn't much stronger than cardboard.
Buying And Selling Collectibles Online (4)
Whether you are selling rare autographs, coins or stamps there is money to be made when selling your collectibles online. You need to be informed if you are collecting autographs.
A Fun Way To Renovate Your Home (5)
These RTA products will save you thousands of dollars on your kitchen renovation. I was so excited that I forgot to ask what RTA meant. I later found out that RTA is not a brand name, but instead it meant "ready to assemble".
Shopping Centres - 5 Major Shopping Centres In Singapore That You Must Visit (6)
VivoCity is the largest shopping centre in Singapore. It is relatively new and there are lots of boutiques and restaurants there. VivoCity is located at HarbourFront. HarbourFront is the place where you can take a cable car to visit the beach at Sentosa, a small island off Singapore that is famous for sun-tanning and beach volleyball.
Singapore Shopping Destination - Places To Shop In Singapore (7)
Other than it is a clean and fine city, it is also a shopping paradise too. Although Singapore is just a small dot on the world map, it has a lot of shopping destinations that you can visit to satisfy your shopping crave.
Even In Bad Times The Oil Companies Are Making Insane Amounts Of Money! (8)
That's 14.8 Billion with a B and this is profit not gross revenue and this is 1 quarter of a calendar year. That's 14 thousand 800 millions, I always find it amazing when you break any large number down like this.
Free Online Property Valuation Tools And You (9)
This can take anything from five minutes to an hour but should be completed carefully in order to receive the most accurate valuation figure. As a result of entering this information the online tool will give the user a value of their property that falls into line with current market conditions.
Manchester Airport's Plans For Passenger Focussed Development (10)
What not be news to regular travellers is that those arriving at the site were in the mindset that they wanted to get the security and passport checking over and done with as soon as possible.