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Morgan describes the initial designing and building of Trade Me thus: "Some time later we were in a backpackers in Sydney and got evicted because it was overbooked.We went up to some backwater because it was the only accommodation we could find.For example the Americans think that everyone has a zip code [...] they were a little late in and then they launched in US dollars." Morgan took time off from the stress of running the booming Trade Me site in September 2001, and went to the United Kingdom to manage an IT team in London.When he returned to his role at Trade Me the site had become profitable, with a membership of 100,000 and growing. In August 2003 Trade Me went live with Trade Me Motors.Anyway, there was nothing to do, so that night I started drawing a data model. Then when I came back to Wellington I literally sat on the couch and built the site on a laptop over a five- or six-week period." In its early stages Morgan humorously listed Trade Me for sale on e Bay with a

Morgan describes the initial designing and building of Trade Me thus: "Some time later we were in a backpackers in Sydney and got evicted because it was overbooked.We went up to some backwater because it was the only accommodation we could find.For example the Americans think that everyone has a zip code [...] they were a little late in and then they launched in US dollars." Morgan took time off from the stress of running the booming Trade Me site in September 2001, and went to the United Kingdom to manage an IT team in London.When he returned to his role at Trade Me the site had become profitable, with a membership of 100,000 and growing. In August 2003 Trade Me went live with Trade Me Motors.Anyway, there was nothing to do, so that night I started drawing a data model. Then when I came back to Wellington I literally sat on the couch and built the site on a laptop over a five- or six-week period." In its early stages Morgan humorously listed Trade Me for sale on e Bay with a $1 million buy-now price.

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Morgan describes the initial designing and building of Trade Me thus: "Some time later we were in a backpackers in Sydney and got evicted because it was overbooked.

We went up to some backwater because it was the only accommodation we could find.

For example the Americans think that everyone has a zip code [...] they were a little late in and then they launched in US dollars." Morgan took time off from the stress of running the booming Trade Me site in September 2001, and went to the United Kingdom to manage an IT team in London.

When he returned to his role at Trade Me the site had become profitable, with a membership of 100,000 and growing. In August 2003 Trade Me went live with Trade Me Motors.

million buy-now price.

Trade Me Ltd also operates several sister websites including Find Someone, Travelbug, Safe Trader and Holiday Houses.Trade Me developed slowly initially, because its founder had little funding to pay for the costs of hosting and of expanding the site.In addition, Trade Me initially offered a completely free service for both buyers and sellers, a strategy for expanding its member base at the cost of short-term revenue.For a snapshot of Trade Me's early development see the Internet Archive's Trade Me archive.

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The running Kiwi in the Trade Me logo is named "Kevin" or "Kev" and his name can be seen by hovering over the site logo.

Morgan, then 23 years old, decided to found the Trade Me site when, despite searching online, he could not find a heater for his flat in Wellington.

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