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The Evolution of eBay: From Auction Site to eCommerce Giant

eBay, founded by Pierre Omidyar in 1995 as AuctionWeb, revolutionized online commerce during the 1990s dot-com boom. Initially, it offered a platform for consumers to buy and sell goods through auctions without charging fees. As the internet evolved, so did eBay, expanding its reach across 30 countries and launching subsidiaries like PayPal and StubHub. With low startup costs and global access, eBay provided opportunities for entrepreneurs, leading to success stories like Lanny and Deena Morton. Join us as we explore eBay's journey to becoming a mainstream eCommerce powerhouse.

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The Evolution of eBay: From Auction Site to eCommerce Giant

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  1. History of Computing: EBay Renee Wilmore CSC 125.002

  2. Ebay : eCommerce is Mainstream 1 • A pioneer in the 1990’s dot com era • Online buy and sell auction site amongst consumers • Expanded to a way for average consumers to buy directly from vendors 4

  3. Humble Beginnings: 2 • The founder and creator Pierre Omidyar • Company started in 1995 under prior name, AuctionWeb • The company did not charge, initially, for use of the site

  4. How EBay Started: Because the internet provider was going up on rates, owner had to charge EBay created to handle the amount of checks coming in from profits of auction buy-sells The official name, EBay, was created in 1997

  5. The Expansion: 5 • Headquartered in San Jose, California • Mainstream businesses started selling their products on EBay • Expanded to 30 additional countries • Ebay Motors and additional subsidiaries

  6. Business Created Because of Ebay: • EBay has famously spawned PayPal • Event Ticketing site: StubHub • Classified Ad site: Craigslist • Skype • Amazon and other auction–based and ecommerce sites were inspired from Ebay 3

  7. EBay Success Story: The Average Person http://youtu.be/eTnf2cJUxLQ • Lanny and Deena Morton • Used EBay to sell sporting goods • Broke in 2002 • $4 Million in Projected Sales 2006 7

  8. EBay: Business Opportunity vs Traditional Traditional Business Start-Up EBay Business Start-Up $0 investment: Sweat Equity and Creativity Start with Computer and Internet Sell stuff you no longer want Global access: marketplace established Run a full business within hours Set-up is free • Must have Strong Financial Capital with Proof • Must Prove prior knowledge of running business or educational background • Great Credit to get loan for business • Hiring employees • Lots of Paperwork and Processes

  9. Ebay Success Story: High School Student • Nate Victor • Started at 16 • Started Selling on Ebay out of bedroom http://youtu.be/GTnl0YiRXwM 8

  10. EBay Business Partnerships: • Kitchen Aid • Kompolt • Sears • Dealaday.com • AEG • Patagonia • Target • Nautica • U.S. Department of Commerce • Buy.com • http://youtu.be/SsFPwbQi1SQ 9

  11. References: • http://www.ebay.com/ • http://en.wikipedia.org/wiki/EBay • http://www.paypal.com • https://www.paypalobjects.com/webstatic/mktg/merchant/pages/sell-on-ebay/image-ebay.png • http://blogsimages.forbes.com/briansolomon/files/2014/04/ebay2-e1398803884644.jpg • http://pages.ebay.com/globaltrading/buyer/index.html • http://youtu.be/eTnf2cJUxLQ • http://youtu.be/GTnl0YiRXwM • http://youtu.be/SsFPwbQi1SQ

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