successful e-business

successfull e-business


E bay is one of the most successful and most prominent online marketing system in the world.

E bay was founded on Sept 5, 1995 by the French Iranian, born American computer programmer Pierre- Omidyar.

One of the first item sold in e bay was broken laser point for $14.83.From that very day e bay has auctioned and sold millions of goods and items in different parts of the globe.

E bay has a very short history, within this short pace of time e bay has emerged from one of the most leading e business in the world today.

Even listed in NASDAQ it is one of the most dominant brand in the world when it comes to the online business.

With the revenue of 11.651 billion in 2011 it is widely recognised as one of the most profitable brand when it comes to online marketing.

Millions of computers, electronic items, vehicles, furnishings, equipment, domain names are listed or sold daily on e bay with billions of profit.

It has very interesting marketing strategy and have drawn attention of almost all kind of traders around the world.

E bay has very strict rules and regulations when it comes to the auction, list or sell of goods, that fairly applies to all e bay users.

In the starting days it was very unregulated, but due to its rapid growth and reputation & following the criticism of some illegal products started trading through e bay it is highly regulated nowadays.

Strict regulations has been imposed in order to discourage illegal trading through ebay.

As the e bay is huge publicly visible market, it has created lots of curiosity to economists too, due to its buying and selling behaviour and auction format.


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