Essay by EssaySwap ContributorUniversity, Master's February 2008

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Introduction Imagine a super-store open 24 hours a day, 7 days a week, which boasts better-than-wholesale prices and a gargantuan selection. Then imagine that one can search for any item in seconds. No, it?s not a new super-store that encompasses a million mini-mall strips; it?s eBay.

Legend has it that when Pierre Omidyar started eBay in his apartment in 1995, he was trying to help his girlfriend find PEZ dispensers. But he also had a bigger idea; to create a perfect marketplace.

Why sell on eBay you ask yourself? Well most people who sell items on eBay have full time jobs and they use eBay to make some extra income or even liquidate an estate or even liquidate their own belongings. You don?t even have to sell full tome on eBay, you can sell as many or as few items as you want. It is a great way to make that extra cash and turn in into a hobby.

Keep your day job and sell on eBay on the weekends and weeknights. What more can you ask for! One thing about eBay that makes it great is that the more time you put into selling items on eBay the more money you could make. This can be very appealing to many sellers. EBay is perfect for starting that small business you have always dreamt about but never had the time. Very low initial set-up costs which equals to low risks.

EBay has an enormous network of buyers and sellers and has been very successful in generating repeat business. Many people are, in fact, making a living using eBay as their sole business. The whole eBay system basically involves three entities: Buyer, seller, and broker (eBay) EBay?s original name was AuctionWeb, with a goal of replacing classified ads. Sellers would post...