Selling on eBay can be better.

Here is where you can find your eBay strategy aligned to make you more money from auction.

Hi, my name is Jim Somchai. I am a pharmacist who turns to be a full-time on-line marketer. I have been fascinated by on-line auction and therefore started to focus on eBay and other auction sites. I later found that on-line auction is not only fun but also useful for many consumers around the world. The topic became one of my obsession. I now engage in helping people develop their business in eBay and other on-line auction by providing necessary information to both beginners and some more advance marketers on eBay. I hope you gain what you want in this site. You can read more of my articles on my blog. Meanwhile, you can enjoy the history of Ebay on the below story:

Cheers,

Jim Somchai

The foundation of eBay

Ebay was founded in September 1995 by a man called Pierre Omidyar. He lived in San Jose. Pierre wanted his site – at that time called 'AuctionWeb' - to be an online marketplace. He 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' came from the domain Omidyar used for his site. He founded a company which was named Echo Bay. When it starts, 'eBay AuctionWeb' was merely just one part of Echo Bay's website at ebay.com. Pierre started his auction site by selling his broken laser pointer which he bought for at $14 and that was the tiny start of eBay business.

.The eBay site rapidly became more and more well-known as sellers gathered to list all types of peculiar things and buyers actually bought them. The trust system on the site seemed to work remarkably well, and it was surprising that the site could almost be left alone to run itself. Pierre designed his site to collect a small commission each time a sale occurs, and he used this money to keep expanding is Auction Web. In a short while, the fees he collected quickly added up to earn him 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 more reliable.

In 1997, Pierre changed AuctionWeb's - and his company's - name to 'eBay', which is what people had been calling the site for a long time. He began to invest a lot of money on advertising, and had the eBay logo designed. In this year, the Big bird toy from Sesame Street was sold as the one-millionth item sold on eBay.

When it came to the peak of the dotcom boom in 1998 - eBay became big business. The company started to put the investment in Internet businesses. Ebay hired several professionals in senior management and strategists. The company later became one of the public companies the stock market. The company started to encourage people to sell more than just collectibles. eBay quickly became a massive site where you could sell anything, large or small. Unlike other sites in the industry, though, eBay survived the end of the boom, and is still going strong today.

In 1999, eBay started it's journey to go worldwide. It launched sites in many parts of the world. The new countries are United Kingdom, in Australia and Deutchland (Germany). The company bought www. half.com which is an Amazon-like online retailer, in the year of 2000. At the same year it invented Buy it Now function for eBay. In 2002, the company acquire PayPal, an online payment service.

Being the founder of eBay, Pierre Omidyar has now earned an estimated $3 billion from the site and still serves as Chairman of the Board.

There are now millions of items bought and sold every day on eBay. The business are from 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 when we think of how the company started.

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