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Showing posts from March, 2008

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Food for thought - Wise words

March 25, 2008

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About eBay Part III EBay Fine-Tunes its Strategy, Auction or Buy Now? About eBay: Pierre Omidyar, a freethinking French national, founded eBay in May 1996. In 1997, he attempted to achieve funding for his fledging online flea market, eBay, by traveling to the then-technology hotbed of Silicon Valley. Benchmark Capital, a venture capital firm with "teams" in Silicon Valley, Europe, and Israel, agreed to invest nearly $7 million into the company. In early 2002, eBay, Inc. provided the technology for buyers and sellers to come together to trade items on a worldwide venue. eBay was a U.S.-based dynamic pricing online trading platform (Auction) located at Ebay.com. The Company developed a web-based entity that served as an online flea market and as an online alternative to classified advertisements to buy and sell items. Auctions are markets where prices vary (dynamic pricing) depending on the competition among the participants who are buying or selling products or services. T...

About eBay - Part II

About eBay - Part II Some Basic Things that Make eBay a Good e-Commerce Web Site Basically, there are several things that make eBay a good e-commerce but I will only mention two of them which are the value proposition and the revenue model. The value proposition simply describes the reasons why customers should buy from eBay. A company’s value proposition is at the heart of its business model because it defines how a company’s products or services meet the needs of the customers who are shopping on the site. eBay has given customers a reason to become repeat customers through the online auction. Most consumers visit eBay because of the cheap prices of the online market and the fun in taking part in an actual auction compared to the traditional auction where you have to be at the location to make a bid. EBay has all the necessary tools the sellers would need to succeed online. Tools like the Turbo Lister©, the pro shop, the Skype service that allows buyer sellers real-time, r...

About eBay - Part I

About eBay - Part I Hello Everybody! I have been a power seller on eBay for a while but I must confess that I am very disappointed with the way the online auction giant has treated power sellers in the past. eBay is always about the sellers which I don't have a problem with, but the least eBay could do is protect the powerful sellers from stingy selfish fraudulent buyers who don't care about anything but themselves. This is research I did about eBay and the recommendations I have for the new Director or MD or whoever is in charge of decision-making. I have a few recommendations for eBay executives. I am very upset. Quick Facts about eBay.com Over Labor Day in 1995, Pierre M. Omidyar created a simple auction site and posted it to various bulletin boards. As the site slowly but steadily grew in popularity, it has always been the “eBay Community” that has contributed to and made the site truly “The World’s Online Market Place.” Over the years as the Internet and the technology ...