eBay :: BTEC Business Marketing GCSE Coursework

eBay Founded in September 1995, eBay has become a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay is an online auction house where anyone in the world can log and buy or sell goods through an auction. Today, the eBay community includes 18.9 million registered users, and is the number one most popular shopping site on the Internet when measured by total user minutes according to the Media Metrix September 2000 web report. eBay’s Mission eBay helps people trade practically anything on earth. eBay was founded with the belief that people are basically good. They believe that each of their customers, whether a buyer or a seller, is an individual who deserves to be treated with respect. eBay will continue to enhance the online trading experiences of all - collectors, hobbyists, dealers, small business, unique item seekers, bargain hunters, opportunistic sellers, and browsers. The growth of the eBay community comes from meeting and exceeding the expectations their customers. eBay’s Market In 2000, the eBay community transacted over $5 billion in annualized gross merchandise sales (value of goods traded on the eBay site). eBay is not just a place for collectibles, beanies and Pez dispensers. On any given day, there are millions of items listed on eBay across thousands of categories. People come to eBay to buy and sell everything from the practical, unique, and interesting - such as automobiles, jewelry, musical instruments, photographic equipment, computers, furniture, and sporting goods. With the recent acquisition of Half.com, eBay's community now benefits from a marketplace combining traditional auction style trading and fixed-price trading. eBay enables trade on a local, national and international basis. It features a variety of specialty sites, categories and services that aim to provide users with the necessary tools for efficient online trading. eBay International eBay is truly a global marketplace, where individuals worldwide are coming together to buy and sell from one another. It is not uncommon to hear about eBay users in Japan buying items from users in the U.S., or users in Australia buying from others in France. Users on eBay represent over 150 different countries. With eBay's vision and global business strategy, the company will continue to expand its service and brand abroad. Currently, eBay has country specific sites in the United Kingdom, Canada, France, Germany, Japan and Australia.