You've probably heard of it and you might have even visited the site.  In today's tip we hope to explain what is eBay all about?

Internet Commerce
Pierre Omidyar, a 28 year old Iranian/French immigrant created the computer code that would become eBay in September of 1995.  The business model was to create an online community that could trade items, person to person.  The trading method was an online auction.  The first item sold was a broken laser pointer and it was bid up to $14.83.  The site became a success and grew exponentially during the late 1990's.  You can read more about the early history of eBay at these sites:

http://ebay.about.com/od/ebaylifestyle/a/el_history.htm
http://www.happynews.com/living/online/history-ebay.htm
http://www.cs.brandeis.edu/~magnus/ief248a/eBay/history.html

Today eBay is an international internet company that's worth billions of dollars.  Here's a current stock quote and financial information:  EBAY.  Their mainstay is still the person to person auctioning of goods.

How it Works:
If you're just curious about eBay go to their website and search for some items that might interest you.  Be as specific as you can in their search box.  You could also browse through categories that interest you like:  collectables, jewelry, musical instruments, books, even automobiles and real estate.

Now if you actually want to buy or sell items you're going to have to register with them and set up an account.  To do that look for "register".

They'll ask for lots of information from you including a credit card and possibly a bank account number to attach the account to so you can buy and sell items.  For your own protection make sure you have a secure web connection by looking for "https:" in the web address:

You might also want to carefully read the eBay user agreement.

Once you are registered you're ready to start buying and selling. 
Good Luck!  You'll be joining millions of others from all around the world who have "eBayed".

How much does it all cost?
Whenever you list an item for auction on eBay there is a listing fee.  If you sell your items using a payment service called PayPal they will charge you a fee also.  There are also similar nominal fees for items you purchase on eBay in addition to the amount you bid.  When bidding on items you should also be careful to note the shipping costs as you will usually be required to pay for shipping also.

PRACTICE ACTIVITY:  Check out eBay sometime today, just to see what kinds of things are available at it.

TO KEEP ON LEARNING:  To learn more about eBay and internet auctions try searching the internet for:

eBay
Internet Auction Sites
How to sell things online

Have a nice day!

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