Yes, you read that accurately- ten years. E bay was created in September 1995, by a man known as Pierre Omidyar, who was dwelling in San Jose. He wanted his site - then known as 'Auction Web' - to be a web based marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its variety within the world. The name 'eBay' comes from the domain Omidyar used for his site. His firm's domain was Echo Bay, and the 'eBay Auction Web' was initially just one part of Echo Bay's web site at e bay.com. The first thing ever bought on the location was Omidyar's damaged laser pointer, which he received $14 for.

Yes, you read that accurately- ten years. E bay was created in September 1995, by a man known as Pierre Omidyar, who was dwelling in San Jose. He wanted his site - then known as 'Auction Web' - to be a web based marketplace, and wrote the first code for it in one weekend. It was one of the first websites of its variety within the world. The name 'eBay' comes from the domain Omidyar used for his site. His firm's domain was Echo Bay, and the 'eBay Auction Web' was initially just one part of Echo Bay's web site at e bay.com. The first thing ever bought on the location was Omidyar's damaged laser pointer, which he received $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 Auction Web'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 Auction Web's - and his firm's - name to 'eBay', which is what individuals had been calling thesite for an extended time. He started to spend a lot of money on promoting, and had the eBay brand logo designed. It was in this year that the one-millionth sell was offered (it was a toy model of Huge bird from Sesame Avenue).

Then, in 1998 - the height of the dot com growth - eBay grew to become a massive business, and the funding in Internet businesses on the time allowed it to usher in senior managers and enterprise strategists, who took in public on the stock market. It began to encourage individuals to sell extra than just collectibles, and rapidly turned a massive web site where you possibly can sell anything, large or small. In contrast to other sites, although, eBay survived the top of the boom, and continues to be going well today.

1999 saw eBay go worldwide, launching sites in the UK, Australia and Germany. E bay purchased half.com, an Amazon-like online retailer, within the 12 months 2000 - the same year it introduced buy it Now - and purchased 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. Oddly enough, he retains a private weblog pierre.typepad.com. There are now actually thousands and thousands of things bought and sold each day on eBay, all over the world. For each hundred dollars spent online worldwide, it's estimated that $14 is spent on eBay.

Now that you know the history of eBay, maybe you'd prefer to know the way it may work for you? The resources given below provides you with an thought of the possibilities.