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Accelerate Your Small Business-Ebay

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Accelerate Your Small Business-eBay

Every year there are hundreds of thousands of companies that surface themselves as new small businesses. With that said every year there are also hundreds of thousands of small businesses that close down (1). There are many contributing factors to a successful small business. One of the greatest marketing tools to sweep the retail industry is eBay. EBay has allowed and continues to allow both small businesses as well as individuals to market and sell new goods. EBay has been a great entry point for many small businesses into e-commerce. However, eBay has also led to a problem that manufactures should be aware of, product integrity. EBay started out in 1995 as an online marketplace for the sales of goods and services from one individual to another (2). Individuals would simply list items that they no longer have a use for on eBay. Others, interested in a particular good would search eBay in hopes of discovering a treasure. As the saying goes one mans trash is another mans treasure. Well, after sometime eBay became a real hit. Are you asking yourself what this online flea market has to do with business? A few entrepreneurs had the idea to search beyond the confines of their residences for items to sell. Soon there were bargain hunters that would travel from yard sale to yard sale looking for just the right items. Some of these bargain hunters developed small businesses with the aid of eBay. Instead of getting up early every Saturday morning to go set up shop at a local flea market that may bring them a few hundred visitors, these bargain hunters set up shop online. They listed items on eBay, a website that would have a few hundred visitors a day. These items would also be available for customers to view and bid on 24 hours a day. EBay grew in popularity and simply exploded. Sellers soon discovered that not

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