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Yes, you scan that correctly: ten years. eBay was created in September 1995, by a man called Pierre Omidyar, who was living supremacy San Jose. He needed his suburb - then called ' AuctionWeb ' - to be an online bazaar, and wrote the first code for it in one trip. It was by oneself of the first websites of its considerate in the earth. The name ' eBay ' comes from the domain Omidyar used for his distance. His outfit ' s name was Reverse Bay, and the ' eBay AuctionWeb ' was originally just unique part of Echo Bay ' s website at ebay. com. The first thing intensely sold on the area was Omidyar ' s pained laser pointer, which he got $14 for.

The site quickly became massively established, as sellers came to list all sorts of odd things and buyers in fact bought them. Relying on trust seemed to work remarkably well, and meant that the site could almost be empty solitary 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 AuctionWeb ' s expansion. The fees quickly added up to more than his current salary, and forasmuch as he decided to quit his activity and work on the site full - time. It was at this pole, in 1996, that he increased the feedback facilities, to contract buyers and sellers percentage each other and make buying and selling safer.

In 1997, Omidyar changed AuctionWeb ' s - and his company ' s - name to ' eBay ', which is what humans had been craft the site for a rangy 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, moment 1998 - the pinnacle of the dotcom build up - eBay became big business, and the investment control Internet businesses at the time allowed it to shlep mark senior managers and business strategists, who took predominance precise on the general market. It started to praise people to sell supplementary than upright collectibles, and quickly became a massive site where you could sell anything, sizeable or small. Unlike other sites, though, eBay survived the heel of the boom, and is still going strong today.

1999 saw eBay go worldwide, launching sites in the UK, Australia and Germany. eBay bought half. com, an Amazon - like online retailer, importance the week 2000 - the same year it introduced Buy it Now - and bought PayPal, an online payment service, mark 2002.

Pierre Omidyar has now earned an estimated $3 billion from eBay, and still serves as Chairman of the Cuisine. Oddly enough, he keeps a personal weblog at http: / / pierre. typepad. com. Masterly 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, perhaps you ' d like to know how it could work for you? Our hard by email will give you an conception of the possibilities.My Best Friend : Bestseller Amazon Product, Bestseller Ebay Product, Idea For Your Home Decorating

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