Wednesday, January 17, 2007

eBay Inc (An Online Auction & Shopping Website)

eBay Inc. (NASDAQ: EBAY) (By Wikipedia) is an American Internet company that manages ebay.com, an online auction and shopping website where people and businesses buy and sell goods and services worldwide. eBay also owns PayPal, Skype, and other businesses.

Items and services
Millions of collectibles, appliances, computers, furniture, equipment, vehicles, and other miscellaneous items are listed, bought, and sold daily. In 2004, eBay launched its Business & Industrial category, breaking into the industrial surplus business. Some items are rare and valuable, while many others are dusty gizmos that would have been discarded if not for the thousands of eager bidders worldwide. Anything can be sold as long as it is not illegal or does not violate the eBay Prohibited and Restricted Items policy. Services and intangibles can be sold too. Large international companies, such as IBM, sell their newest products and offer services on eBay using competitive auctions and fixed-priced storefronts. Regional searches of the database make shipping slightly faster and cheaper. Software developers can create applications that integrate with eBay through the eBay API by joining the eBay Developers Program. As of June 2005, there were over 15,000 members in the eBay Developers Program, comprising a broad range of companies creating software applications to support eBay buyers and sellers as well as eBay Affiliates.

eBay Stores
Opening in 2002 eBay Stores have opened up ecommerce for eBay sellers and a way to access to over 200 million shoppers worldwide. eBay stores can be set up in just a few minutes with subscription fees ranging from $15.95 for the basic store to $49.95 for a features store to $499.95 for an anchor store. The stores can be customized by the owner in various ways and sellers can showcase their items in the eBay store and sell at a fixed “buy it now” price.

eBay stores also offers several tools for promotion such as a newsletter, search engine keyword management, listing fees and a referral credit for external links coming in to the eBay store.

It is also possible for users to customize the look and feel of the eBay Stores to use their own HTML and images to better brand their eBay Store.

eBay Express
In April of 2006, eBay opened its new eBay Express site, which is designed to work like a standard Internet shopping site to consumers with United States addresses.(eBay Express) Selected eBay items are mirrored on eBay Express where buyers shop using a shopping cart to purchase from multiple sellers. The UK version was launched to eBay members in mid October 2006 (eBay Express UK), and differs from the US version by only offering brand new items from pre-vetted business sellers. The German version is currently live for select sellers.

Fraud
The major fraud prevention mechanism for eBay users is its feedback system. After every transaction both the buyer and seller have the option of rating each other. They can give a "positive", "negative", or "neutral" rating and leave a short comment. So if a buyer has problems, he or she can rate the seller "negative" and leave a comment such as "never received product". Learning the system and examining a seller's feedback history is a buyer's best protection.

Some best Wholesale & Dropshipper Directories (Free & Paid):
WholesalerHub, BuyingWholesale, The Wholesaler, KellySearch

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