Ebay Inc. is an American multi-billion dollar e-commerce company based in San Jose, California, which facilitates consumer-to-business sales through its web-based site. eBay was started by Pierre Omidyar at the beginning of 1995, and has thus become a significant success story of this dot-com Bubble. It is famous for the immense number of items for sale on its web pages; the largest collection of goods on the internet; free or discounted listings of all kinds; an active and vibrant auction program; and its global recognition. Its ability to appeal to a large cross-section of people of all ages, economic backgrounds, education levels and interests have made eBay into a worldwide phenomenon.
Although eBay sells almost everything under the sun, its market strength is usually limited to those areas where people will buy something that is being sold on its site, or to merchants who want to list their own merchandise on the site. In fact, eBay offers more opportunities than any other e-business to become a world-class retailer. By offering virtually any item that can be sold over the Internet, eBay can appeal to people who would never have considered selling any item on traditional auction sites, or even in some cases, to those who may not even have had the slightest idea that an online auction could exist! These days, it’s pretty much a given that anyone can start an eBay auction, no matter what their knowledge of computers and the Internet.
The basic model of eBay consists of a buyer posting an item for sale, with a corresponding Buyer’s Window displaying the details of the item being sold. On the Buyer’s Window, the Buyer has the opportunity to browse through the various available items, make a bid or simply relax and enjoy the view. Money will be transferred and payable by the Buyer to the Seller, who then ships the item directly to the Buyer. No handling of the item is involved and no taxes are charged.
Auctions on eBay can be of varied types, from beginner auctions to the most comprehensive online catalogues. One type of eBay auction, which is growing in popularity is the Current Auction. This type of auction is typically run weekly and is like an open house event. Items are listed here as soon as they are sold in the store. Auctions for goods usually end within a week, so it is vital that a buyer be quick in order to obtain the best possible price.
If you’re looking to sell something on eBay, it’s essential that you familiarize yourself with the site and how it works. You should find out all you can about eBay and its various options. If you’re seriously considering the possibility of having an eBay auction, then you owe it to yourself to learn as much as possible about this exciting new medium of business. An excellent source of information is eBay itself. The eBay website contains a wealth of information on the site and is extremely easy to navigate.
Purchasing a product on eBay is as simple as making a purchase. All transactions on the site are managed by eBay and its auction software. You simply add items to your virtual shopping cart, choose a payment method, specify your shipping address, select a price, and wait for your purchase to be completed. It really is as simple as that!
Most sellers will agree that eBay has one of the best support systems available in any online marketplace. If you have any problems with your product, you may need only contact customer service. Almost all transactions and feedbacks on eBay are handled via email, so you will never even have to see the receipt of your purchase. Of course, with all things electronic, there is always the chance of a problem. But eBay offers round-the-clock customer service and technical assistance to ensure that you are fully satisfied with your purchase or the services of the company you purchased your items through.
If you’ve never considered using eBay to make your sales, then you owe it to yourself to do so. The site has many features that simplify the process of listing, selling, and buying. And because eBay charges a fee for its auction services, you can expect your sales to increase every year. The site continues to grow every day and it is predicted that within a couple years it will be widely recognized as a real online marketplace where consumers look for new products to buy.