Why eBay can success?

eBay Inc. is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. The online auction website was born over Labor Day weekend on September 3, 1995, in San Jose, California when Pierre Omidyar, a computer programmer, wrote the code for an auction website that he ran from his home computer. In addition to its original U.S. Web site, eBay has established localized Web sites in thirty other countries. eBay Inc also owns PayPal, Skype, StubHub, StumbleUpon and other businesses.

Why eBay success?Below are the reasons for the success of eBay:

• eBay allows people connect with some very fond and special early childhood memories. It could be anything from collecting baseball cards to toy soldiers or to Barbie dolls or to doll houses, and so on.
• People really enjoy the experience of the shopping bazaar. They enjoy the hunt and looking around for merchandise. The other component is they really enjoy the competition of the bidding process. Everybody likes to get a bargain as well as likes to haggle a little bit over the price. The eBay auction format allows users to do that.
• A convenient trading. eBay currently has over 69,000,000 registered users. They have over 27,000 categories for items. This marketplace is allowing thousand of people to make their living from home by selling items on eBay's website.
• eBay also allows to run a business that requires no advertising costs. Their website already receives billions of visits and people are waiting right now to bid on your items.
  

The latest news of eBay is in 2007 which is eBay acquires online ticketing site StubHub.com and StumbleUpon.com. Besides, Bay's India Development Center launches to further accelerate the pace of innovation.

By PeiCin