Among the different e-commerce marketplaces that you can find out there in the world, eBay has received lots of attention. In fact, it is an American based multinational e-commerce company. Headquarters of eBay is located in San Jose, California.
eBay is currently engaged with the process of offering both businesses to consumer sales and consumer to consumer sales. All these transactions take place through their website. eBay was founded back in the year 1995. As of now, it is one of the most prominent online marketplaces or e-commerce platforms that you can find out there in the world. Throughout the past years, it has evolved to become a multi-billion dollar company. As of now, services offered by eBay are available to people in all countries in the world. Along with that, eBay has been able to establish its offices in 30 countries as well.
eBay is completely free for buyers to use. Any person who is looking forward to purchasing products or services will be able to take a look at what is offered by eBay. One of the most prominent features that you can find on eBay, but not in many other online stores is the online auction feature. Any person or company will be able to go ahead and organize an online auction on eBay.
Even though eBay is free for buyers, it will impose a charge for the sellers. Hence, all the people who are looking forward to selling their products on eBay should keep that fact in mind and move forward. Along with that, the sellers will be provided with a limited number of free listing as well.
Apart from the authentic auction-style sales structure, it offers instant buying capabilities for the products that are available for sale. On the other hand, people are provided with the opportunity to go ahead and look for what they want through ISBN, Universal Product Code or SKY number.
History of eBay
As mentioned earlier, eBay was started back in the year 1995. It was Pierre Omidyar who played a key role behind the opening of this website. It was initially started as Auction Web. It provided people with a platform to go ahead and auction that items that they had.
eBay became popular from the very first year. That’s because it provided people with the opportunity to go ahead and ensure consumer to consumer transactions. This helped ordinary people to become retailers and sell goods to others. It was possible for them to start their own businesses on eBay and sell products to others. On the other hand, some other people went ahead and started selling the products that they no longer need on eBay.
Back in the year 1997, eBay was able to receive a massive funding amount of $6.7 million from Benchmark Capital. Along with that, the company was able to add new features to the website and take the services offered by it to a whole new level. That’s how it evolved to become a prominent online marketplace as you can see now.
Products and services offered by eBay
Along with the technological development, people who live out there in the world prefer to go online to shop for the products that they need. Out of the online marketplaces that are available for the people to shop for goods, eBay hold a prominent place. Any person can think about signing up with these two marketplaces to sell something that they have got. It can deliver some amazing benefits to you in the long run as well.
The ability to access an established market can be considered as the main benefit associated with eBay. Millions of people from every corner of the world visit this website on a daily basis to purchase the items they want. If you set up your own website to sell goods, you will never be able to find this much of a customer base. However, you can easily expose your product or service to millions of customers by making the decision to sell it on eBay.
When you start selling on eBay, you would become instantly recognizable by potential buyers. In addition, you will be able to start selling as quickly as possible. There aren’t any buffer times or wait times when selling what you have on eBay. You just need to list what you have got and you can start making sales straight away.
Selling your products or services on eBay will give you the opportunity to keep peace of mind in the long run as well. That’s mainly because you don’t need to pay your attention to the infrastructure and IT. You just need to focus on your sales. Since eBay is an established marketplace, the buyers tend to go ahead and make their payments with confidence. Therefore, you don’t need to take any extra effort to build up confidence among your customers. This can create a tremendous impact on your sales volume in the long run.
Product shipping and delivery management would also be made easy with eBay. In addition, you can think about testing the acceptability of your product or service through these two online marketplaces. It will assist you to save a considerable amount of time as well as money in the long run.
As you can see, any person who starts selling products on eBay will be able to experience a variety of benefits in the long run. You can start this business opportunity with minimum investment as well. The best thing about selling on eBay is that you don’t need to work full time on it. You can simply start it at your own pace and focus on the other priorities in your life. However, it can generate an impressive passive income for you in the long run. Therefore, any person can think about selling on eBay without keeping any doubts in mind.