eBay was started by Pierre Omidyar's San Jose in September 1995.The main purpose of eBay was to be a marketplace for the selling of goods and service for internet buyers.
In 1998 Pierre and his friend Jeff Skoll had started branding at companies like as Hasbro.
The senior most staff, Meg culled from the companies created an extra ordinary management them with average of twenty years of experience and made a strong vision for eBay. eBay is the business of networking of people , not selling them things.
They suddenly shed the image of only auctioning collectibles and jumped into upscale markets where the average sale price (ASP) is higher. ASP is a key metric in determining eBay’s transaction fee, on increasing the ASP became an important item.
Now eBay is a leader of Internet revenue. Items of product on eBay are listed by categories and anyone with an eBay account can bid on the item as they want to buy. You can find just about anything you can possibly imagine on eBay, including ebay motors, Jewelry & Watches, DVDs & Movies, Books, Cell Phones & PDAs , Clothing, Shoes & Accessories Computers & Networking, Electronics goods, Cameras & Photo, Stamps etc.
eBay has made an online person-to-person selling and purchasing community on the Internet, using the World Wide Web. Buyers and sellers are brought together in a path where sellers are permitted to list items for sale, buyers to bid on items of interest and all eBay users to browse through listed items in a fully automated way. The items are arranged , where each type of auction has its own category.
