Ebay – What A Strange Name
For A Billion Dollar Corporation
How To Make Money With On Ebay – Every day millions of eBay users log onto their accounts to buy and sell, and don’t have any idea how eBay got its name. They might not really care, either. Like the person who turns on the TV and just wants it to come on and play their favorite television show, many eBay users probably aren’t curious about the fine points of the company. But it’s a fun story and all true eBay enthusiasts will be interested in knowing the history.
Just ask some friends what “eBay” stands for. You’re probably going to get an answer like “it’s maybe an abbreviation for ‘electronics bay’ or ‘ecommerce bay’. Or something like that”.
But while the “e” could stand for lots of things, but look up different definitions for “bay”. There’s just no way to stretch any of them so they have anything to do with an online auction site. However if we search way back to 1995, the year eBay was founded, we can find some clues.
An explanation you’ll probably see on the Internet, and even in some books about eBay. The story goes that the auction site was created by a young computer programmer named Pierre Omidyar to help his girlfriend, Pam, increase the size of her collection of PEZ candy dispensers.
PEZ, if you are not familiar with them, are little plastic containers with character heads that flip back and push out a piece of candy. Pam supposedly wanted a way to enlarge her collection, so Pierre came up with an idea for an online marketplace. Since he was a computer programmer, he put together the code which would become the core for eBay.
How To Make Money With A Ebay
Just goes to show you can’t always trust what you read on the Internet. According to Adam Cohen in his 2002 book, “The Perfect Store: Inside eBay” that’s not really the way it happened. The PEZ story, which is widely circulated and believed, was created by a public relations manager to further the myth surrounding the company. It has been spread widely ever since.
The real story is that Omidyar was simply a smart man, and he wanted to make an impact with an online venture. He observed the operation of buyers and sellers in other markets and decided that an auction website would be a great service to offer.
Ironically, he had never attended a real auction himself. The whole thing started out as a hobby, but the auction site soon was earning enough money so that Omidyar could quit his job and work it full-time. As a computer programmer he did write the original computer code which made the auction site function – in one weekend.
The website launched on Labor Day, 1995 and he called it “Auction Web”. Pretty descriptive, right? Well, Omidyar had earlier founded a web consulting company which he called Echo Bay Technology Group. “Echo Bay” because he just liked the sound of it.
There was already a gold mining company who owned EchoBay.com, so Omidyr took the second best option and dropped the “cho” part of “echo” and named his business – you guessed it – eBay. If you go to www.echobay.com today, you’ll see only one simple dark blue webpage with the words, “EchoBay – What eBay could have been!”.
The original website operated as “Auction Web” for 2 years, then officially became http://www.ebay.com/ in 1997.
So there you have it. Maybe that will give you an answer for a “Trivial Pursuit” question, or maybe you can work it into a conversation and impress your friends sometime. Just know that when you buy or sell on eBay, you’ll be one of the few to know the real story of how eBay got its name.
Ebay – Where People Go To Buy And Sell Items
You want to buy and sell items seen on eBay but you are not exactly sure how to go about it. You need to do a little research before you jump in with both feet. There are many articles on the “How To’s” of buying and selling on eBay. After reading some of the online articles you will be better prepared and feel more confident about buying and selling on eBay.
Check out the eBay Resources Tool – http://pages.ebay.com/sellertools/resources.html – for information on eBay University features online courses for people who prefer studying at home. Also note a handy classroom finder for courses offered in your area. There are free videos taking you through a virtual classroom. Related links include a Help Section and a Learning Center resource.
Another resource tool is the eBay forum with a Buyer Central and Seller Central. The forum will keep you up to date about the concerns and possible challenges of other eBay members.
In the What’s New section is information on some eBay Blogs! The Chatter is now available via RSS feed.
There is eBay radio which broadcasts twice a week and an archive of eBay radio broadcasts.
eBay has a free eBook on eBay basics called “The Appetizer”. There are also listings for other auctions on other web sites that might interest you.
Interested in the Clickbank Marketplace? You can get there from here! There is a clever little search tool that will allow you to quickly find your items. Or use the topics under our six main headings to find your articles. There is a section called “Make Money Online” where experts in the field of eBay will teach you what you need to know to auction successfully. Visit http://pages.ebay.com/help/sell/sell-getstarted.html to begin your eBay experience.
eBay The World Just A Mouse Click Away
More and more, people are becoming aware that they have potential cash sitting in their closets, attics, and basements. But not everyone has the time or the know-how to tap into it, so these items remain where they are or are given away. Or worse, they’re tossed out with the trash. eBay is about to change that.
eBay is a boon to consumers who want to unload their “stuff”.
Here’s a common scenario:
Cathy has a basement full of record albums from the 1940’s that she inherited from her Uncle’s estate. She has no interest in them, and would love to see what she could get for them on eBay. The trouble is, Cathy is not only unfamiliar with how eBay works, but she’s also a “technophobe”. She breaks out in a rash every time she sees a computer or a digital camera. But Cathy has heard something about eBay
So, Cathy asks her friend Anne, the eBay whiz, to help her out. Anne does a quick check of recently closed eBay auctions to see what similar items have been selling for. She adjusts Cathy’s expectations with this information, and the next day Cathy drops off her cartons full of records.
Anne takes a couple of digital photos, writes a general description for the lot, and launches the eBay auction. She invites prospective bidders to email her with any questions.
Things go smoothly, and a week later the lot is sold. Cathy is pleased with her earnings and extremely grateful to Anne. She asks Anne what she owes her for her hard work. Anne, good friend that she is, only accepts enough to cover her eBay expenses and tells Cathy she can take her out to lunch some time.
Make A Money With Ebay
An Opportunity Seized
This kind of informal arrangement has been going on between members and non-members of the eBay community for several years. Many auctions will state that “I’m selling this item for a friend”. Maybe its because “a woman in my neighborhood found these in her attic and asked me to sell them on eBay”.
eBay, who has a knack for keeping an ear to the ground and spotting trends, saw a golden opportunity in this kind of arrangement. In 2002, they launched the “eBay Trading Assistant” program.
The program is run on the same basic principal as eBay consignments, only more formalized. Sellers can now advertise themselves as Trading Assistants on eBay. People with items to sell can use eBay’s Directory of Trading Assistants to find someone in their area.
Because of eBay’s minimum requirements for becoming a “TA”, only those sellers with experience and a good reputation (or high positive feedback ratings, in “ebay language”) have the privilege of selling items for others.
Benefits for Everyone
The system benefits the Trading Assistant by expanding their reach far beyond the next door neighbor. When a seller joins the Trading Assistants Directory, he or she is telling the world that they are willing to sell for others.
For those seeking out eBay consignments as a means to cash in their “stuff”. Then eBay the system offers an “official” source of experienced eBay sellers and information about how things work.
And of course all of this brings more business to eBay. As always, eBay is simply the portal for consignment selling, not an employer of the Trading Assistant. So each individual “TA” makes their own rules about how they wish to structure their eBay consignments business.
Make Money With Ebay And
How it Works
Trading Assistants are experienced sellers who have indicated their willingness to sell items for others for a fee.
People who want to hire a Trading Assistant can search the Trading Assistant Directory to find someone to sell for them. All the terms of how the services will work are negotiated between Trading Assistants and their clients. There is also a great opportunity with the Social Media sites to drum up business.
You can become a Trading Assistant if you meet some basic requirements (1 past sale in the last 30 days and a feedback rating of at least 50 with fewer than 2% negative feedback points).
Cost and Requirements
Currently, it costs nothing to become a Trading Assistant and be listed in the eBay consignments Trading Assistant Directory. eBay has not expressed any intentions of charging for it, but they do reserve the right to change their policies.
To become a Trading Assistant, you need to meet the following requirements:
- You’ve sold at least 4 items in the last 30 days.
- You have a feedback score of 50 or higher.
- 97% or more of your feedback is positive.
- Your eBay account is in good standing.
Note: The ability to join the directory is a privilege, not a right, and eBay can remove the ability of a TA to post to the directory if they receive complaints and/or find evidence of unprofessional behavior.
According to Walt Duflock, eBay’s director of the trading assistant program, consignment selling has really taken off since the program’s inception:
- The TA Program began in February 2002
- ”Collectibles” is a very active category for TAs and TA clients
How to Find or Become a Trading Assistant
To find a “TA” At eBay, you’ll be asked to enter your ZIP code code to find a Trading Assistant near you who can handle your ebay consignments. To find someone who specializes in particular items or services, you may select an item category or use their “Advanced Search” link.
Free With Purchase – A 20 part video course on setting up your eBay empire
Provided you meet the requirements listed above, you can fill out eBay’s online application to become a TA and start your own eBay consignments business right away. Although you can run your business however you choose, and you are not employed by eBay, they do provide some assistance:
eBay provides extensive resources for the trading assistant program, among them Trading Assistant Workshops such as the recent one entitled, “Getting the Most Out of the New Trading Assistant Directory”. The “Trading Assistant Toolkit” is an extensive directory of tools and education to help Trading Assistants market their services better and find more clients.
eBay also offers an Advertising Reimbursement program, which helps PowerSellers market their products and services offline by subsidizing a percentage of their advertising efforts. And eBay has produced at least two training manuals outlining Best Practices For Marketing, selling, finance, efficiency, and working with clients.
With all of these resources at hand, anyone interested in eBay consignments, whether to tap into “the money in the attic” or to further their eBay auction success, is not likely to be disappointed.
An untapped online business resource – outside of your basic Yahoo and Ebay, among others – is setting up your own auction sales venue.
Since most families have items in their home that have outlived their usefulness, they can get started at online auctions for pennies.
And, most selling online at auctions does not have start-up or membership fees. There is a nominal fee per item listed and a percentage commission on each sale. Still, you come out ahead.
With this minimum investment, many are flocking to auction sites to gain additional income to get their families and selves through the seemingly ever present economic downturn.
Besides the low financial risk, individuals see auctions as one of the select few online vehicles where scams are not associated, or not as prevalent as with most online business opportunities. Plus, a majority have ongoing fees which you
must absorb; auctions do not.
As with most home business opportunities, to be successful at online auctions also takes time to learn the ropes. Many auction sites do much of the work for you, providing standard formats for the sellers to insert data. Sites further
assist in communications between buyer and seller as well as additional support.
Perhaps the toughest part is finding the right products to sell. Don’t think for a moment that Uncle Charlies’ false teeth in a jar that you’ve held onto for years will fetch thousands of dollars. (although nowadays you never know). Irregardless, with sites such as Ebay with over a thousand categories, that remedies that headache!
How To Get A Free Website
Ok folks I have given you lots of info on eBay and how you can make money from it. All you have to do now is do your homework, build a website of your own and sell your own products or even someone else’s for a commission.
You can get two free websites if you join the company I’m a member of. They are free so what have you got to lose. You could even get into online marketing in an even bigger way once you get started and if you take the upgrade. (you would be able to have 25 free and over time you could add another 25 of your own). Its just a thought, but the more sites you have it follows you would make more money.
To finish on my own advice for selling on eBay – One of the major advantages of eBay selling is the ability to try it as a hobby before forging ahead to make it a full-time business. You can scale up slowly, starting with family and friends, and then get clients.
To learn how to sell on ebay, I recommend you turn to eBay for free information about getting started in selling (www.ebay.com/startselling) and becoming a Trading Assistant (www.ebay.com/ta) or an eBay seller.
Anyway I’m going to sign off now and I really do wish you every success with your future home based business.
Onwards and Upwards people.