Making money from home with ebay auction site is one way to make extra cash. When things are tight financially you can either get a second or third job, if you can find one, or you can utilize the power of the web.


If you’ve got things you no longer want or need you could auction them off on the web with ebay rather than having a garage sale. Instead of limiting your self to your neighborhood you turn the world into your market place with ebay.


Or you could develop a real online profitable business, with a computer and a few hours a week by becomming an ebay trader.


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The real winner in the ebay business model is guess who, yep the person who started it.

Here is a brief summary of ebay.

Pierre Omidyar, the founder, was born in Paris in 1967, the only child in a French-Iranian family. At the age of six, the family emigrated to the United States and he grew up in and around Washington, D.C. From an early age he was fascinated with computers and using an Apple II he got paid to computerize the school’s library catalogue.


In the mid-1980s Pierre enrolled into Tufts University near Boston. His main subject was computer science and Apple programming became his obsession. He created his first Mac programmer’s utility tool for other programmers. He moved to the University of California-Berkeley, where he finished his degree.



In 1991, Pierre and a colleague founded Ink Development Corporation to produce software for pen-based computers. A technology, which - it was thought - would replace the keyboard with a stylus. It did not! However, Ink Development had also developed some software tools for internet commerce. They changed direction and re-launched as an electronic retailer – eShop.


In 1994, things weren’t moving fast enough for Pierre Omidyar and so he left eShop. He kept a stake in the company and when Microsoft bought it two years later, he became a millionaire before the age of 30.


To learn how to be a master trader with ebay ... Just click here!     


The dawning
Though Pierre Omidyar had never been to an auction in his life, he believed that an auction could be an interesting marketing tool on the Internet. At the time, he was employed by a company called General Magic and so had to do his programming in his spare time. Over a long weekend he created an auction web site … and called the site Auction Web. At the beginning the site was free and slowly began to attract visitors. By the end of 1995 Auction Web had hosted thousands of auctions with over ten thousand bids.


Time to cash in
In 1996, Pierre Omidyar decided to start charging sellers a percentage of the final sale price and soon the cash and cheques came rolling in. Auction Web made a profit right from the start. By June, revenues had doubled for the fourth consecutive month, reaching $10,000. Pierre’s hobby had become a business. He left General Magic and hired his first part-time employee.

In 1998 eBay, as it was now called, was launched on the stock exchange. But in 1999 the casual approach almost brought ruin. Technology had been neglected and on 10 July, the whole computer system crashed and stayed down for 22 hours. Without backup! Luckily the company weathered the storm, got the system back up and running and very quickly invested millions in state-of-the-art technology.


A few years later
Today it’s clear that Pierre’s perception has paid off. At the beginning, many prophesied that it could not work – complete strangers dealing with complete strangers. But it is now obvious that it does. Some things have changed. Pierre Omidyar never wanted advertising on the web site. However, these days eBay is one of the favourite sites for banner advertising. eBay used the web to create a totally new market in the form of an auction.

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Despite his wealth - he is now a multibillionaire -


Pierre Omidyar remains a modest man.


In 2004 he was still driving around in a beat-up VW convertible. Maybe he still does!

Content from www.internet-story.com.


Like everything else the ebay business has moved on.


So ebay secrets are always developing.


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