eBay is one of the world's largest online marketplaces, and allows users to buy and sell in nearly every country on earth; PayPal enables individuals and businesses to securely, easily and quickly send and receive digital payments; and eBay Enterprise enables omni-channel commerce, multichannel retailing and digital marketing for global enterprises in the U.S. and internationally.…
EBay Inc. is an American multinational corporation and e-commerce company, providing consumer-to-consumer and business-to-business sales services via the internet. EBay is an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and series worldwide. In addition to its auction-style sales, the website has since expanded to include ‘Buy-It-Now’ shopping.…
Although eBay is very close to a perfectly competitive market, eBay is also known to host many auctions specifically for very rare items- in these types of transaction, usually; no competition would exist - but rather a monopoly. With continued advancements in technology, eBay can continue to propel itself more and more into the “perfect” competitive marketplace.…
On any given day, there are millions of items listed on eBay across thousands of diverse categories, including antiques, toys, books, computers, sports, photography and electronics, amongst many others.…
ebay is basically a wholesaler who sells merchandise at the lowest possible price usually to retailers [amazon} who will resell the goods to consumers.…
With exceeding 3.7 billion, more than a half of the world’s population, and Internet usage in the region rapidly growth at 406 percent, Asia became an attractive and lucrative marketplace for eBay to expand their business. Since 1995, eBay enjoyed strong revenue growth and was a dominant player in online auction industry. With previous experience of extending their business in Europe, North America, Latin America and failure in China and Japan, eBay was once again struggling to compete in the Asian market.…
eBay pioneered online person-to-person trading by developing a web-based community in which buyers and sellers are brought together in an efficient and entertaining auction format to buy and sell personal items such as antiques, coins, collectibles, memorabilia, stamps, and toys.…
E commerce or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Overstock is an example of an e-business. Overstock is a retailer that sells a variety of items online including shopping for items such as clothing & shoes, furniture, jewelry, toys, home and garden, bedding and bath, and electronics, sports items, books and media, and much more. Overstock also offers shopping via auctions, a page where a consumer can shop for cars, a page where the consumer can shop real estate, and a community page. The organization’s mission is to provide their online customers with the best prices and superior customer service while making the existing offline liquidation system more efficient. Overstock has grown drastically over the years. ‘Overstock began selling surplus and returned merchandise on an online E-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at…
eBay is an online marketplace where both individuals and businesses can buy and sell goods and services to people around the world.…
eBay and Amazon have different kinds of business models and strategies. eBay’s business model was based on creating and maintaining a person-to-person trading community. Being the world’s largest online auction company, eBay offers e-commerce platforms and online payment solutions to a critical mass of sellers and buys. eBay makes money by charging fees to sellers through fees for listing items and commission fees payable on completed transactions. Besides, eBay also launched eBay store to allow retailers to offer fixed-price products on its platform. In addition, eBay focuses on improving buyer and seller experience by offering convenient rating system and effeicient payment methods like Paypal.…
When looking at eBay’s target market, the segmentation of users appears to be majority males, ranging from 25-34 years old. Over half of the users don’t have kids and also lack college experience. The majority of the people are Caucasian and have a household income of $100,000. After looking at this information there are some good opportunities that eBay could capitalize on.…
Millions of buyers and sellers have made eBay Inc. the world's largest and most popular Internet site for individuals and businesses to exchange goods. By 1999 eBay had 5.6 million registered users and listed over 3.1 million items for sale; by 2004 there were an estimated 65 million registered users from 150 countries, 971 million items for sale, and gross merchandise sales hit $15billion. eBay owns local sites in 19 countries, has stakes in another eight foreign nations, and provides users with its own online pay service, PayPal Inc. As eBay's revenues continue to grow, the sky seems the limit despite competition from Yahoo!, Amazon.com, and an ever increasing number of imitators.…
eBay creates value by providing an online setting for buyers and sellers to meet. It enables both the buyer and the seller to have access to each other that they might not have otherwise had. The value created for the buyer, is that he/she can view items online across state lines, or across the country for that matter. This shopping is instantaneous, versus the time involved with having to travel to view items for purchase. The expense of time and travel is decreased significantly, thus creating value for the buyer. For the seller, their audience is increased tenfold, therefore increasing the likelihood of selling their items. The seller can create a “store” on eBay versus having a brick and mortar store. The cost of the online store is miniscule in comparison to an actual place of business.…
Ebay is founded in 1995 by Pierre Omidyar and is the world’s Online Marketplace. The company created a powerful platform for the sale of goods and services by a passionate community of businesses and individuals. Ebay’s site enables trade on a local, national and international basis with customized sites in markets around the world.…
E-commerce is growing today, due to its large price advantage E-commerce in favor of larger brick and mortar companies. Back in the early 90s, the federal government in effort to jump-start online sales later known as E-commerce to be tax-free. Amazon.com and EBay are two companies that have been in E-commerce since the beginning. Amazon.com achieves lower prices by having little overhead, less employees and physical stores, and as a result, Amazon.com can offer goods between 40 to 60% off retail on average. EBay offers lower prices by allowing anyone to post products online, which has allowed several small distributers to offer a variety of different goods. According to CNet.com, a leading Internet price comparison and electronics review website states that a Samsung TV model number LED8500 is $6,500 at BestBuy, and $1,350 with shipping on EBay. Like everything else, there are a few downsides to this E-commerce business model. E-commerce companies have little to no community involvement, and do not have a now factor. Certain smaller less reputable companies have charged; hidden shipping costs, and send customers used goods, but have no fear, not every small company in E-commerce is bad.…