An online auction site? An online shopping mall with a focus on electronics, computers and entertainment products? A website for managing your financial portfolio? Are you confused about what eBay really is ? Even after reading their official definition for the site, it’s not exactly clear . . .
What does the e in eBay stand for?
How To Sell on eBay For Beginners (2021 Step by Step Guide)
What kind of site is eBay?
- eBay is an online marketplace where people can buy and sell a variety of goods.
- It was created in 1995 by American businessman Pierre Omidyar, who dreamed of a world where people could buy and sell items anywhere, regardless of their location.
- Today, that dream is realized through eBay’s global network of websites.
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The reason its called eBay
eBay was named after the sound a dog makes: it’s the brainchild of Pierre Omidyar, who had co-founded a consulting company called Echo Bay Technology Group. He wanted to sell his items through an auction website, so he set up eBay in 1995 as a site for auctions.
Owner of eBay now
eBay’s founding CEO Pierre Omidyar is also the current Chairman and largest shareholder of the business, which is now publicly traded. eBay’s largest competitors include Amazon (AMZN), Alibaba, and Sotheby’s, who all offer digital marketplaces.
Knowing more about eBay
eBay is a global online marketplace where millions of people around the world buy and sell unique goods, vintage items, and yes, even art. There are categories for almost anything you can imagine so whether you’re shopping for collectibles, fashion favorites or antiques, you’ll find it on eBay.
The first item sold on eBay
The first item sold on eBay was a broken laser pointer. The buyer paid $14.83 and the seller received 99 cents in shipping fees.
The most expensive item on eBay
The most expensive item on eBay is a 1988 Ferrari F40 that was sold for just over $3,000,000. This rare car model was the fastest car in 1988 with a top speed of 199 mph and is still one of the fastest cars today!
Amazon buying eBay
It’s not true — Amazon.com did not buy the popular auctioning website eBay this week. But if you are wondering why the rumor spread so fast, it’s because both e-commerce companies have been making a lot of similar moves lately.
The weirdest thing sold on eBay
The strangest thing ever sold on eBay is Justin Timberlake’s leftover food. It sold for $2,000!
The richest eBay seller
The best-selling eBay seller is worldofbooks08, with 92,956 monthly feedback. The second and third place are taken by bigdeals4less and shop-owner with 85,802 and 82,843 monthly feedback respectively.
eBay selling fee
eBay selling fee is a fee that eBay charges you when you sell an item. eBay’s selling fees are based on the type of listing and the category in which you place the item.
Selling on eBay worth it
eBay is a great way to sell unwanted items that you can’t find anyone else to take. You can even use it just to sell items you’re planning on purchasing elsewhere, and earn back part or all of your costs. If you’re planning to buy things on eBay, it’s also worth taking advantage of some great deals and discount codes.