Summary
Ebay is now offering the 147 million people who buy or sell merchandise through eBay the option to create their own website to more effectively showcase their merchandise.
Original source:
http://sanjose.bizjournals.com/sanjose/stories/2005/06/20/daily40.html?jst=b_ln_hl
Details
- EBay (NASDAQ: EBAY) is launching what it calls a ProStores initiative to sell business services to eBay merchants who want to graduate to sell on their own Web sites, as well as to other small-to-medium sized businesses operating Web storefronts, Meg Whitman, president and chief executive officer of the online auction business, said in a keynote address at the eBay Live annual convention going on this weekend.
- "We want to help you expand your business as you see fit and grow in every direction," Ms.
- Whitman said to a nearly full house at the HP Pavilion in the company's hometown of San Jose.
- In an event that was part rock concert, part Super Bowl and part revival meeting, she told a cheering crowd of the milestones eBay has reached since it began over Labor Day weekend in 1995.
- Today, 147 million people buy or sell merchandise through eBay, she said.
- If the eBay community were a country, it would be the 7th largest country in the world.
- At any one time, about 50 million items are posted on eBay's Web site and 5 million new items are added each day.
- EBay's PayPal subsidiary, a company that facilitates online payments, which eBay acquired in 2000, comes in just behind American Express (NYSE: AXP) but ahead of Discover in the number of active accounts.
- Three-fourths of all eBay transactions are completed using PayPal.
- ProStores will offer a variety of services to budding online merchants, including online shopping carts, integration with shipping services, and supply chain management services for bigger firms.
- Fees will range between 0.5 percent and 1.5 percent of the selling price, depending on the number of services used.
- More than 11,000 people have registered to attend eBay Live events, including workshops on selling techniques, through Saturday in San Jose and Santa Clara.
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