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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 AuctionWeb's ' and his company's ' name to 'eBay', which is what people had been calling the site for a long time. eBay bought half.com, an Amazon-like online retailer, in the year 2000 ' the same year it introduced Buy it Now ' and bought 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. Article: Yes, you read that correctly: ten years. eBay was created in September 1995, by a man Pierre Omidyar, who was living in San Jose. He wanted his site – then ‘AuctionWeb’ – to be an online marketplace, and 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’ comes from the domain Omidyar used for his site. His company’s name was Echo Bay, and the ‘eBay AuctionWeb’ was originally just one part of Echo Bay’s website at ebay.com. The first thing ever sold on the site was Omidyar’s gapped laser pointer, which he got $14 for. The site quickly became massively popular, as sellers came to list all sorts of odd things and buyers genuinely them. Relying on trust seemed to work remarkably well, and meant that the site could most be left remote to run itself. The site had been designed from the start to make up a small fee on each sale, and it was this money that Omidyar used to pay for AuctionWeb’s expansion. The fees quickly new 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 supplementary the feedback facilities, to let buyers and sellers rate each other and make and selling safer. In 1997, Omidyar qualified AuctionWeb’s – and his company’s – name to ‘eBay’, which is what people had been ulterior motive 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 dotcom boom – eBay became big business, and the investment in Internet businesses at the time affirmed it to return in senior managers and task 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. eBay mercenary half.com, an Amazon-like online retailer, in the year 2000 – the same year it introduced Buy it Now – and store PayPal, an online payment service, in 2002. Pierre Omidyar has now earned an estimated $3 from eBay, and still serves as speaker of the Board. Oddly enough, he keeps a personal weblog at http://pierre.typepad.com. There are now literally millions of items store 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.
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Advice Home Business Technology Online Advertising Motivational Internet Marketing SEO Help Online Games Science Articles Happiness More Articles:1. 10 Necessities for a Home Based Business Summary: She says, 'I work part-time, but I have a full-time attitude.' Put another way, 'If you have a hobby attitude you will have a hobby income, if you have a business attitude you will have a business income.' You can be successful working part-time and you can be successful working full-time but it is highly unlikely that you will be successful working in your 'spare time'. For example: - pens - highlighters - stapler - hole punch - … 2. Four Things NOT to do on Your Website Summary: Do not place popup ads all over your site. Assume everything you see is copyrighted unless the site specifies otherwise. If you see something you just have to have for your site, contact the webmaster and ASK. Many sites are filled with typos, not only blatant misspellings, but also mistakes a spell checker will not catch. Article:You’re the proud owner of a great business, and you want to tell the world. While that is a good idea, you n… 3. How To Have An Online Party Summary: There is no need to have product on hand, you can send your website address out and people can look at your 'online brochure' and ask questions from there. Now for the basics: Preparations - *Find a Hostess *Set a date *Choose a chat room to use, or make your own *Plan any games or specials you want to offer *Send out invitations Actual Party - *Thank people for attending *Introduce yourself and your business *List your specials *Discu… 4. Freelancing Accelerates Ahead! Summary: No longer are freelancers judged as the people who cannot get a permanent job. The new perception is that freelancers are highly skilled and efficient workers who can easily deliver miracles - there is a definite newfound sense of trust and confidence in the services that freelancers provide. For some, freelance has truly become a way of life - mirroring the work life balance issue that has become very prevalent in many other profe… |