Buyer's Guide To eBay!
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Introduction
Have you noticed that whenever you open a newspaper, watch the TV or
have a conversation, people seem to be talking about eBay? If you've never
used it and you've no idea what it's all about, then the chances are that you're
starting to feel a little left out. But don't worry! This eBook contains everything
you need to about the basics of bidding and buying on eBay.
So What is eBay?
eBay is an online auction website - and not just any auction site, but the
biggest one in the world. If you know how an auction works, then you already
roughly know how eBay works. Someone adds something they want to sell to
the site, and then buyers come along and place bids on it. The highest bid wins
the item! It's that simple.
Ebay being an online auction makes a big difference, though. Buying and
selling are not reserved for any elite. eBay accepts almost any item, no matter
how small, and will then advertise it on their sites all over the world. It's a
powerful combination of an auction and a slightly chaotic marketplace.
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eBay: A History Lesson
Yes, you read that correctly: twelve years. eBay was created in September
1995, by a man named Pierre Omidyar, who was living in San Jose. He wanted
his site - then called 'AuctionWeb' - to be an online marketplace, and wrote the
first code for it in one weekend. It was one of the first websites of its kind in the
world. The name 'eBay' comes from the domain Omidyar used for his site. His
company's name was Echo Bay, and the 'eBay AuctionWeb' was originally just
one part of Echo Bay's website at ebay.com. The first thing ever sold on the site
was Omidyar's broken laser pointer, which sold for $14.
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, an