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 got here to checklist all types of strange issues and bought them. Relying on belief seemed to work remarkably nicely, and meant that the website might virtually be left alone to run itself. The site had been designed from the start to gather a small charge on every sale, and it was this money that Omidyar used to pay for Auction Web's expansion. The charges quickly added as much as more than his current salary, and so he decided to give up his job and work on the location full-time. It was at this level, in 1996, that he added the feedback facilities, to let buyers and sellers face one another and make buying and promoting 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 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 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.
The site quickly became massively popular, as sellers got here to checklist all types of strange issues and bought them. Relying on belief seemed to work remarkably nicely, and meant that the website might virtually be left alone to run itself. The site had been designed from the start to gather a small charge on every sale, and it was this money that Omidyar used to pay for Auction Web's expansion. The charges quickly added as much as more than his current salary, and so he decided to give up his job and work on the location full-time. It was at this level, in 1996, that he added the feedback facilities, to let buyers and sellers face one another and make buying and promoting 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 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 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:
Looking to find the best deal on ebay, then visit www.ebayauctionmarket.com to find the best advice on ebay motors for you.
No comments:
Post a Comment