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Let the bidding begin: an eBay business could be your entry to the online marketplace. Find out how to get started today - Be Your Own Boss
Author: Entrepreneur

In 1995, when Pierre Omidyar introduced an online business venue that was essentially a virtual garage sale with auction pricing, no one knew a retailing revolution was about to occur.

That site became known as eBay, and it's hard to find someone today who hasn't at least heard of the popular online auction company. On any given day on the site, an estimated 12 million new and used items are available, 1.7 million new listings are posted, and sales totaling some $40 million take place. And all it takes to get your share of that market, which is worth nearly $15 billion annually, is a computer, a modern, a digital camera or scanner, and something to sell.

What's important to understand from the start is that eBay is a sales channel that you can use exclusively or in addition to selling through a retail operation, mail order catalog, independent Web site or network of direct salespeople. You decide the type of business you want to have, what type of merchandise you're going to sell and how you're going to operate.

To sell on eBay, you'll pay a listing fee to post your merchandise and a final value fee (a small percentage of the sale price) when the item sells. To get a full explanation of eBay fees, check the eBay site.

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