![]() If eBay actually employed the 500,000+ people who earn all or most of their income selling on the site, it would be the second largest employer in the FORTUNE 500, with only Wal-Mart employing more people.Ĭonsumers are also increasingly discovering the value of utilising eBay to obtain items more inexpensively, more conveniently, etc. If eBay was a brick-and-mortar retailer, rather than the world's largest online marketplace, it would be larger than Best Buy and Lowe's. ![]() 1 This is more than the gross domestic product of over half of the world's countries. Some 71.8 million active users bought and sold merchandise on eBay in 2005. eBay has grown faster than any other company in history, including Microsoft, Dell and Wal-Mart. In addition, 1.9 billion products were listed for sale on eBay in 2005, and the total value of all successful auctions was a record $44.3bn. According to eBay's recent report of its 2005 financial results, it had approximately $4.552bn in revenue in 2005, up 39 per cent from 2004. One of the most powerful of the many players in e-commerce is eBay. Internet firms, such as, eBay, Yahoo! and Netscape, have proven that this type of business model can be very successful. Online retailing has become, and will continue to become, a full and complete business model for some companies. ![]() During 2005, some 60 million households in the US alone made at least one consumer purchase from the internet, up from only six million in 1994. Although still considered to be in its infancy, internet usage and online marketing are growing explosively. Electronic commerce is becoming increasingly more important to both sellers and buyers, including both consumers and organisations of all sizes. ![]()
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