Word: mailings
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Dates: during 1990-1999
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...payments that arrived with Omidyar's daily mail were small--in some cases dimes and nickels taped to index cards. But those little payments were coming in piles. eBay took in $1,000 the first month, more than it cost to run. Omidyar really knew he was onto something when he put up a listing for a broken $30 laser pointer that he was about to throw out. He fully disclosed that it didn't work--even with new batteries--and started it at $1. Inexplicably, a bidding war ensued, and someone ended up taking it off his hands...
Melissa Wicker likes to shop for her friends. And she has a lot of friends--nearly 8 million, at last count. Of course, the word friend is used loosely these days, in an era when e-mail establishes instant intimacy between total strangers separated by thousands of miles. So it's no surprise that Wicker, 46, an assistant district attorney in Isle of Palms, S.C., hasn't met many of her new friends in the flesh. But they're on her mind when she cruises clothing stores and comes upon a tantalizing markdown in designer duds. She buys...
...including the ingenious idea of streamlining the warehouse process by having pickers, packers, loaders, replenishers and order processors all wear different-colored hats. Lenk discovered the hard way that e-businesses couldn't simply duplicate existing retail operations, such as catalog companies, online. "You can't take the mail-order model and plug and play here. For example, we need real-time inventory control. We need the website integrated with the back end, so a customer knows if we have an item...
...sells as many as 3,000 beads a month, for as much as $50 each. eBay has given her more than a new career. She refers without irony to the bead community she has discovered online. Glass beads have spawned an entire network of chat groups and e-mail lists. Many of her customers buy weekly. "If I don't put up any auctions for a week," she says, "they'll write...
...Mail regresses to old tech, can e-commerce really be that easy? With Case onboard, and TIME's Person of the Year issue to dangle before guests, I pursued a Noah's Ark theory of who else to invite: two members of Congress, two teachers, two candlestick makers. I warned everyone they would be TIME's guinea pigs. But when you're having Alan Greenspan to dinner, you realize the repercussions of a dyspeptic entree. Who wants to serve the meal that ends the longest economic expansion in peacetime history...