A Quick Biography of eBay:
E-commerce is now making waves on the Internet. From Amazon to Argos.co.uk, most online businesses are endeavouring to grab a larger market share of the online e-commerce market. It is the norm in this digital age. With eCommerce, buyers and sellers both benefit from its convenience. No hassle of commuting to either purchase or sell goods. Everything you need is just a click away.
One of the biggest companies in the e-commerce industry is eBay.
Ebay is now leading the online marketing revolution. It is a billion dollar industry, with almost 200 million buyers online.
Formerly known as AuctionWeb, eBay was founded and established in 1995 by Pierre Omidyar, an American Entrepreneur.
How eBay Works:
The platform is an online auction where buyers and sellers meet. eBay caters to international shoppers from more than 30 countries. Buyers can use the platform for free, while the sellers have the service fee for their item listings.
eBay sells over $2 billion products per year. This made them number one in the eCommerce revolution. This online company is profitable as its operation is worldwide. Research shows that eBay gets more revenue compared to Amazon and its other competitors. This made them the world’s largest virtual marketplace.
eBay Buyers and Sellers are Worldwide.
eBay consists of different buyers and sellers from all walks of life. Its visitors bid different things in the market, from a toy car to race cars, and from bed to houses. You name it, eBay got it! They have everything that people needs. There are even odd things that are being auctioned and sold on eBay. Some item listings are even unbelievable like wives, husbands, even the entire neighbourhood was being sold! Hilarious, but yes, they are on eBay too.
What’s the Most Expensive Item Sold on eBay?
The most expensive item that was sold on eBay was a GigaYacht, amounting to 168 million dollars. It was a 400-foot mega yacht made by Architect Frank Mulder. The yacht was bought by Russian billionaire Roman Abramovich. The said Gigayacht has a master suite on the main deck has an area of 3000 sq ft. It has 10 VIP suites, 8 guest rooms, spa, elevator, swimming pool, kid’s playroom, a gym, office, a movie theatre room and a helicopter pad.
eBay has helped a lot of people and businesses for many years. Some sellers were able to gain thousands of dollars per year selling on eBay. Even celebrities auctions their used items and fans go out their way searching and procuring it for themselves.
Joining eBay is easy. All you have to do is to sign up, input all the information that is needed, and you may start using eBay.