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 Money To Be Made On
Ebay Part 1
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eBay: The First 15 Years.
Yes, you read that correctly: 15 years. eBay was created in
September 1995, by a man called Pierre Omidyar, who was living in
San Jose. He wanted his site - then called 'AuctionWeb' - to be an
online marketplace, and wrote the first code for it in one
weekend. It was one of the first websites of its kind in the
world. The name 'eBay' comes from the domain Omidyar used for his
site. His company's name was Echo Bay, and the 'eBay AuctionWeb'
was originally just one part of Echo Bay's website at ebay.com.
The first thing ever sold on the site was Omidyar's broken laser
pointer, which he got $14 for.
The site quickly became massively popular, as sellers came to list
all sorts of odd things and buyers actually bought them. Relying
on trust seemed to work remarkably well, and meant that the site
could almost be left alone to run itself. The site had been
designed from the start to collect a small fee on each sale, and
it was this money that Omidyar used to pay for AuctionWeb's
expansion. The fees quickly added up to more than his current
salary, and so he decided to quit his job and work on the site
full-time. It was at this point, in 1996, that he added the
feedback facilities, to let buyers and sellers rate each other and
make buying and selling safer.
In 1997, Omidyar changed AuctionWeb's - and his company's - name
to 'eBay', which is what people had been calling the site for a
long time. He began to spend a lot of money on advertising, and
had the eBay logo designed. It was in this year that the
one-millionth item was sold (it was a toy version of Big Bird from
Sesame Street).
Then, in 1998 - the peak of the dotcom boom - eBay became big
business, and the investment in Internet businesses at the time
allowed it to bring in senior managers and business strategists,
who took in public on the stock market. It started to encourage
people to sell more than just collectibles, and quickly became a
massive site where you could sell anything, large or small. Unlike
other sites, though, eBay survived the end of the boom, and is
still going strong today.
1999 saw eBay go worldwide, launching sites in the UK, Australia
and Germany. eBay bought half.com, an Amazon-like online retailer,
in the year 2000 - the same year it introduced Buy it Now - and
bought PayPal, an online payment service, in 2002.
Pierre Omidyar has now earned an estimated $3 billion from eBay,
and still serves as Chairman of the Board.
There are now literally millions of items bought and sold every
day on eBay, all over the world. For every $100 spent online
worldwide, it is estimated that $14 is spent on eBay - that's a
lot of laser pointers.
Now that you know the history of eBay, perhaps you'd like to know
how it could work for you?
EBay Income Possibilities.
If you've ever read an article about eBay, you will have seen the
kinds of incomes people make - it isn't unusual to hear of people
making thousands of dollars per month on eBay.
Next time you're on eBay, take a look at how many PowerSellers
there are: you'll find quite a few. Now consider that every single
one of one of them must be making at least $1,000 per month, as
that's eBay's requirement for becoming a PowerSeller. Silver
PowerSellers make at least $3,000 each month, while Gold
PowerSellers make more than $10,000, and the Platinum level is
$25,000. The top ranking is Titanium PowerSeller, and to qualify
you must make at least $150,000 in sales every month!
The fact that these people exist gives you come idea of the income
possibilities here. Most of them never set out to even set up a
business on eBay - they simply started selling a few things, and
then kept going. There are plenty of people whose full-time job is
selling things on eBay, and some of them have been doing it for
years now. Can you imagine that? Once they've bought the stock,
everything else is pretty much pure profit for these people - they
don't need to pay for any business premises, staff, or anything
else. There are multi-million pound businesses making less in
actual profit than eBay PowerSellers do.
Even if you don't want to quit your job and really go for it, you
can still use eBay to make a significant second income. You can
pack up orders during the week and take them down to the post
office for delivery each Saturday. There are few other things you
could be doing with your spare time that have anywhere near that
kind of earning potential.
What's more, eBay doesn't care who you are, where you live, or
what you look like: some PowerSellers are very old, or very young.
Some live out in the middle of nowhere where selling on eBay is
one of the few alternatives to farming or being very poor. eBay
tears down the barriers to earning that the real world constantly
puts up. There's no job interview and no commuting involved - if
you can post things, you can do it.
Put it this way: if you know where to get something reasonably
cheaply that you could sell, then you can sell it on eBay - and
since you can always get discounts for bulk at wholesale, that's
not exactly difficult. Buy a job lot of something in-demand
cheaply, sell it on eBay, and you're making money already, with no
set-up costs.
If you want to dip your toe in the water before you commit to
actually buying anything, then you can just sell things that
you've got lying around in the house. Search through that cupboard
of stuff you never use, and you'll probably find you've got a few
hundred dollars' worth of stuff lying around in there! This is the
power of eBay: there is always someone who wants what you're
selling, whatever it might be, and since they've come looking for
you, you don't even need to do anything to get them to buy it.
So you want to get started on eBay? Well, that's great! There are
only a few little things you need to learn to get started.
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