Ebay Essay

1749 words - 7 pages

Introduction Imagine a super-store open 24 hours a day, 7 days a week, which boasts better-than-wholesale prices and a gargantuan selection. Then imagine that one can search for any item in seconds. No, it?s not a new super-store that encompasses a million mini-mall strips; it?s eBay.Legend has it that when Pierre Omidyar started eBay in his apartment in 1995, he was trying to help his girlfriend find PEZ dispensers. But he also had a bigger idea; to create a perfect marketplace.Why sell on eBay you ask yourself? Well most people who sell items on eBay have full time jobs and they use eBay to make some extra income or even liquidate an estate or even liquidate their own belongings. You don?t even have to sell full tome on eBay, you can sell as many or as few items as you want. It is a great way to make that extra cash and turn in into a hobby. Keep your day job and sell on eBay on the weekends and weeknights. What more can you ask for! One thing about eBay that makes it great is that the more time you put into selling items on eBay the more money you could make. This can be very appealing to many sellers. EBay is perfect for starting that small business you have always dreamt about but never had the time. Very low initial set-up costs which equals to low risks.EBay has an enormous network of buyers and sellers and has been very successful in generating repeat business. Many people are, in fact, making a living using eBay as their sole business. The whole eBay system basically involves three entities: Buyer, seller, and broker (eBay) EBay?s original name was AuctionWeb, with a goal of replacing classified ads. Sellers would post an item with a minimum price, and if more than one buyer was interested, the true market value would be found. eBay was a "market maker" rather than an e-tailer, as it performed the role of aggregating buyers and sellers in an online venue. In strategy deployed, eBay would make its money from a nominal listing fee paid by the seller, and a small percentage of the selling price. (Mitchell Levy, September 2002, VMS3.info: eBay Analyzed via the Value Framework) EBay?s Turbo Lister What is eBay Turbo Lister? EBay Turbo Lister is a new eBay selling tool. It is a desktop-based selling tool that facilitates creating listings to post on the eBay site. As a seller, Turbo Lister will help you list items on eBay more quickly and easily.Selling tools are software products that help sellers perform various tasks related to selling items. They can save you lots of time if you sell many items. eBay currently offers three selling tools: Turbo Lister, Seller's Assistant Basic, and Seller's Assistant Pro.Turbo Lister can also help you create listings in bulk to post on eBay quickly and easily. It allows you to do the following: ? Save listing details for items that you sell to easily list them again later ? Save default values for all Sell Your Item options, to cut down on data entry time ? Duplicate items, to easily create listings for...

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