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eBay 101

Part 1: How eBay Works.

It started in 1995, when Pierre Omidyar and his wife decided to trade Pez candy dispensers and other small goods using the Internet. Pierre founded a web site, eBay (with a lower-case "e") where traders could meet to sell their goods to other collectors, all within an environment of professional trust.

Within 9 years, has grown into the largest and most successful online business model in history. Today, tens of millions of people converge daily at and to buy and sell millions of dollars in new and used merchandise.

From simple products like old Monopoly games and used Elvis records, to wholesale electronics and digital cameras, all the way up to exotic motor vehicles and real estate, eBay has become the global trading platform for the everyday person.

The eBay business model is magnificently simple: provide a safe and motivating online marketplace where anyone can gather to trade products with confidence. Charge people a small fee to sell their wares, and enforce safety and trust for everyone.

At its base level, eBay works exactly like an electronic "flea market":

1) eBay sellers pay a small flat fee plus a 1.5% percentage fee to eBay in order to market their wares
2) eBay buyers visit and use the marketplace without any surcharges
3) Any parties that abuse the system or each other will be disciplined or ejected.

At a higher level, eBay is different from a regular flea market for ten reasons:

1) The eBay marketplace is international, and crosses language and national boundaries
2) The massive choice of goods is awe-inspiring
3) Sales can either be auction format (competitions between bidders), or traditional fixed price format. The sellers choose whichever format they prefer
4) The buyers and sellers will likely never meet in person
5) The buyers do not get to see the product in person before purchase, but are given various post-purchase guarantees to ensure satisfaction
6) Very sophisticated computer measures are implemented to minimize electronic dishonesty on all sides
7) Fulltime staff are employed to enforce safety and fairness across the system
8) An honesty incentive model called "positive feedback" is used to motivate buyers and sellers to trade with integrity
9) Professional third parties payment services, like Paypal, Bidpay, and, are brought in to ensure safe and trusted payment between eBayers
10) eBay is easier to use than a flea market.
By:Paul Gill

Ebay is definitely one of the best sites on the internet by far, so its inclusion as a Search Portal on this site was essential in order to help you find AnyThingYouNeed! The eProducts search engine on this site has the latest downloadable eproducts and money-making opportunities sweeping the net. To get a copy of your favorite movie,song,video game,or even television show try Wezee's Burner

Search& Enjoy!

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