eBay

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eBay

An international e-commerce company founded in the United States, eBay is located in San Jose, California. The company runs its business as a facilitator, with consumer-to-consumer and business-to-consumer opportunities. Through auctions and Buy-it-Now options, eBay offers sellers several different subscription levels and charges fees ranging from 2% to 10%, based on the item.

With its beginnings in 1995 with the sale Pierre Omidyar’s broken laser pointer, eBay was first named AuctionWeb. What started out as a hobby quickly grew into a viable business that grew exponentially during the dot-com bubble. In 1997 the named changed to eBay and the company went public in 1998. eBay is now a multi-billion-dollar company the operates in more than 30 countries.

Because eBay sales and promotions may be based on the individual sellers, they are different for every eBay shop. Some sellers give discounts when customers purchase multiple items, while others may offer free shipping for an order over a certain price. At times, eBay may also run site-wide discounts that equal 5% or 10% off.

Two eBay employees recently launched a program to provide career support and guidance for US military veterans who are transitioning into the workforce as civilians. The Honor Role Veteran Apprenticeship Program helps inspire and encourage training in skills and careers such as marketing, social media management, and other skills to help serve the more than 20,000 members of the military who leave active duty each year.

Originally all purchases on eBay were made through an online auction-style where the sale went to the highest bidder. This was particularly effective for high-demand items. But eventually, certain buyers and sellers didn’t want to wait, so the option for Buy It Now came about.

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