Statement of Purpose
Is it possible for a person to earn a profit through online selling? More specifically, is it possible for any person in the country to buy something on eBay and make more money on the same item by re-selling it on eBay? One must be wondering how it is possible for a person to be able to make more money selling the same item on eBay unless it is a scam.
This web essay will show how re-selling in the virtual world (eBay) will maximize a potential profit more so than re-selling in the physical world-----without a single scam involved. This essay will also demonstrate the importance of buying in the physical world as well as the virtual world.
Ebay History
Pierre Omidyar founded the company in 1995 when it was known AuctionWeb. This online auction concept was apart of a larger web site he personally created for information on the ebola virus. What started out as a minor project blew up into a worldwide phenomenon---and it all started with a broken laser pointer. It was the very first item Omidyar sold as apart of his project which in his disbelief, fetched $14.83. Omidyar e-mailed the winner to be sure he realized that the laser pointer was broken and not new. The winning bidder told Omidyar that he was a collector of broken laser pointers.
Knowing he was onto something big, Omidyar threw his focus on building AuctionWeb, which he soon renamed as Ebay, short for Echo Bay which was the name of his consulting firm. Ebay soon expanded internally with a business team, as well as externally through more buyers and sellers. This eventually led up to the company's 1998 debut on the stock market. (http://ebay.about.com/od/ebaylifestyle/a/el_history.htm)
Currently, eBay is one of the most recognized online marketplaces. It started as an experiment and became a way for people to sell nearly anything to anyone in the world all virtually. Ebay has evolved into a concept that breaks barriers so to speak by using the internet to connect groups of people based on his/her wants and needs. (http://news.ebay.com/about.cfm)
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1 comment:
I like the e-bay history, very informational. And I think it's funny that the guy said he was a collector of broken laser pointers, gosh, people will really buy anything. I think this is going to be really good because I don't get e-bay at all, i mean, how people can make so much money there and even have it be thier full time jobs! The only thing is that I am not sure if your statement of purpose (the first two paragraphs) are going to be included in frontpage. If so you should try and address the audience differently, try not to exactly tell them what your going to be telling them. :)
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