E-commerce is a big deal for people in the world when it comes to online selling and purchasing. Buying things with just one click is the next big thing. Many applications are available that have e-commerce functions. Still, eBay stands out of them all and considered to be included as one of the online buys and sell pioneer technologies. Here are some eBay facts that you should know:
A Broken Laser Pointer Was The First Ever Item Sold.
There are hundreds of eBay facts available or scattered all around the web, but this fact is the coolest and informational at the same time. Have you ever thought about what was sold on eBay when it first launched its company? It is hard to believe that a simple laser pointer was sold on eBay, considering that broken item makes it even more unbelievable.
When the laser pointer was posted on eBay, one dollar was the starting price of bidding for the first week, but there were no buyers interested in getting it. Surprisingly after one week of posting, the buyers got curious and made the price high and piled up, taking the bid from $1 to $14.83. Who would have thought that a broken laser point would sell at a $14.83 price tag?
Pierre Omidyar, the Chairman of the company, immediately contacted the seller after getting notified that the first item sold on eBay. Omidyar reached him mainly because he wants to let the seller know that the laser pointer he sold on eBay is damaged. Unexpectedly, the laser Pointers seller sold first on eBay was a big collector of the broken item.
The Chairman Of eBay, Pierre Omidyar, Hired His First Employee After Nine Months Of Starting The Company.
In 1996, Pierre Omidyar hired his first employee named Chris Agarpao. His work on eBay was to assist operations that run online, particularly the auction that runs virtually. Chris Agarpao also was instructed to take care of the shopping center of the company. Not knowing the eBay will grow bigger as years go by, Chris Agarpao supported and thought of it as Pierre’s hobby.
eBay got even bigger, and as it grows, Chris Agarpao, Pierre Omidyar’s first employee, still actively works on eBay after 20 years of service. From being an assistant to eBay, he now works as an Inspector of Quality Assurance on eBay. This fact is a journey of eBay and the company’s first employee that not everyone knows about.
An Electronic Travel Auction Licensing Deal Was The Big break Of eBay Company.
eBay’s achievement of having a deal for licensing in late 1996 with the “Electronic Travel Auction.” The transaction was important to eBay since this deal allowed the company to use smart market technologies for selling flight tickets and more products for traveling online. This big step brought eBay to a whole new level of growth and development to its company’s name.
In comparison to all of the hosted auctions of eBay, in 1996, they hosted only two-hundred-fifty thousand auctions. With the licensing deal with electronic travel auction, the company managed to hold auctions that reached two million. This fact, by far, was the biggest achievement of the eBay company when it was still starting.
If You Happened To Invest $1000 On eBay Ten Years Ago, The $1000 Would Be Worth More than $4000 Today.
Since the initial offering of eBay on public and investing money on their company, you can now be a multimillionaire since they are booming and continuously growing. However, you need to know that eBay experienced competitions back in the 90s, making it hard for investors to know whether this company would grow and give them the bigger worth of money.
Many companies experienced bankruptcy when the dotcom bubble happened. That is why people had no thoughts about investing money in their company. However, people say that the company’s success to their first offering is not limited, saying that if you invest $1000 to their company, it would grow and become worth $4000 more today.
Selling Of Vehicles Through eBay Motors In Three Steps
Capture or take the best image of your vehicle and list down all important details about the car’s history and condition. The second step you need to do is create a listing using your account on eBay Motors and place all necessary information, including the price.
If you have a buyer, finalizing the payment is the last step, and you can bring the vehicle to the buyer and transfer the car’s title. Selling vehicles online is easy with eBay. This three-step process created a new platform and made all online sellers of cars and other vehicles possible.
Takeaway
Although eBay is very popular and became a household name, there are still facts that are interesting to know. Knowing eBay’s background is nice to know and can be a good conversation starter.
