eBay
Founded in September 1995, eBay has become a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay is an online auction house where anyone in the world can log and buy or sell goods through an auction.
Today, the eBay community includes 18.9 million registered users, and is the number one most popular shopping site on the Internet when measured by total user minutes according to the Media Metrix September 2000 web report.
eBay’s Mission
eBay helps people trade practically anything on earth. eBay was founded with the belief that people are basically good. They believe that each of their customers, whether a buyer or a seller, is an individual who deserves to be treated with respect. eBay will continue to enhance the online trading experiences of all - collectors, hobbyists, dealers, small business, unique item seekers, bargain hunters, opportunistic sellers, and browsers. The growth of the eBay community comes from meeting and exceeding the expectations their customers.
eBay’s Market
In 2000, the eBay community transacted over $5 billion in annualized gross merchandise sales (value of goods traded on the eBay site).
eBay is not just a place for collectibles, beanies and Pez dispensers. On any given day, there are millions of items listed on eBay across thousands of categories. People come to eBay to buy and sell everything from the practical, unique, and interesting - such as automobiles, jewelry, musical instruments, photographic equipment, computers, furniture, and sporting goods.
With the recent acquisition of Half.com, eBay's community now benefits from a marketplace combining traditional auction style trading and fixed-price trading.
eBay enables trade on a local, national and international basis. It features a variety of specialty sites, categories and services that aim to provide users with the necessary tools for efficient online trading.
eBay International
eBay is truly a global marketplace, where individuals worldwide are coming together to buy and sell from one another. It is not uncommon to hear about eBay users in Japan buying items from users in the U.S., or users in Australia buying from others in France. Users on eBay represent over 150 different countries. With eBay's vision and global business strategy, the company will continue to expand its service and brand abroad. Currently, eBay has country specific sites in the United Kingdom, Canada, France, Germany, Japan and Australia.
Many people fail to realize how useful Etsy can be, especially when doing Internet Marketing on the World Wide Web. As if sent from heaven, Etsy is the perfect way for creative people to earn a living online. Many times, portals that allow you to do online sales will ask you to prove whether or not a handmade or vintage items are legitimate. By limiting this in such a way it eliminates the possibility of selling Clickbank products or eBay items that nobody would buy. To improve your overall chances of success online, we wrote this article to give you a quick overview of what you need to do as a creative Internet Marketer to make it with Etsy.
In 2002, PayPal was acquired by eBay. It has quickly become popular. Today the company offers services in thirty-eight
ebags sales growth grew to 98% per month, and they broadened their product offering from six to fifty six brands. By year 2001 eBags was named website of the year by Catalog Age. They did receive numerous awards to follow. eBags became the largest online providers of bags and accessories in 2004, they provide over 200 brands and 8,000 products.
Business models are possibly the most discussed and least understood facet of the web. Brokerage models, such as Priceline.com are market makers: they bring buyers and sellers together to facilitate transactions. Priceline.com leads the way to a unique new type of e-commerce known as a "demand collection system". Priceline.com is the world's first online buying service through which consumers name the price they're willing to pay. Leveraging the unique attributes of the Internet, Priceline.com finds sellers willing to meet buyers' needs and price.
The six major Latin America countries are Brazil, Argentina, Mexico, Colombia, Venezuela, and Chile. Although eBay was the largest online trading company by developing a web-based community in 2001, it was not well recognized in the Latin America region. The language, currency exchange, and lack of knowledge of the region are the main challenges which eBay were facing. In early 2001, eBay bought iBazar which allowed them to step into a Latin America market Brazil. However, the acquisition was driven by the European market. Thus, Latin America wasn't the main focus of this action. But Brazil was a good start. Brazil was already among the top twenty global e-commerce markets and representing over half of the region's e-commerce activity.
Online Auction e.g. eBay. In common with new online retail brands, before the emergence of Internet technologies, this concept was not possible. Essentially eBay is a Consumer-to-Consumer (C2C) business. For more information on how online auctions work, see the lesson on eMarketing and price.
These are merely two ways to generate content that brings readers back time and time again," Mason continues. Online shopping continues to increase in popularity. Kissmetrics reports individuals spent $18.9 billion dollars in 2003 on Internet sales. This figure hit $278 billion in 2014 and it only expected to rise in the coming years, with Kissmetrics predicting it will reach $327 billion by 2016.
“EBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. EBay offers different opportunity to its customers to purchase an item. In fact, they also included the possibility of purchasing a product instantly with the option “Buy it now”. The major auction for the company is basically to offer a concept of purchasing and selling products online.” (Profile: eBay, Inc, 2014)
In their journal "The Link Among Information Technology, Business Models, and Strategic Breakthroughs: Examples from Amazon, Dell and eBay", Chris Kimble and Isabelle Bourdon state, "eBay 's strategy rests on three main pillars: making the auction process more efficient, cultivating relationships and developing a dialogue with users, and establishing a climate of trust and security for all involved"(65). With the aid of IT; eBay has made it to where the customers can navigate through the website smoothly. Customers can now go online and type a specific product name and it will directly bring up that product instead of a customer having to choose to look through all the different categories in order to find a product. EBay also offers different shipping and paying methods. When it comes down to shipping you can choose between regular shipping or pay a little more and choose between two day shipping or overnight shipping. Some products offer free shipping. EBay offers a different payment method than other electronic commerce businesses called PayPal. Bourdon and Kimble state in their journal:
EBay is a website marketer favored worldwide. A seller who wants to trade has to list the item on eBay mostly anything from cars, books, spare parts to antiques. The seller chooses whether to agree to a bid for the item on the list or offers the items at a fixed price. In an auction, the seller opens a specified price that remains on the site for a couple of days when buyers bid on the item and when the listing ends the buyer with the higher bids wins. The first buyer willing to pay the seller's price gets the item. Selling on the website comes in various forms and this website is favored by countries
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
The global economy has enabled customers to enjoy a buyer’s market where the company with the most competitive price possible for a product or service receives orders from customers around the world. The burgeoning world ...
e refers to the trade of production or service across the internet using an electronic means. This includes all the activities that help in carrying out a transaction. There is no face to face interaction between the parties. Ecommerce can be business to business, consumer to business and consumer to consumer. Ecommerce covers the external facing processes that touch customers, suppliers and existing partners .
In a flea market, a shoe box filled with photographs. This is all we have. Whose lives might be recovered, if only the box had been labelled? I found it laying in a corner of the street, near an old manor where we live, my brother and me. There were men and women neatly tucked in pressed suits and fine linen dresses. They are our family, I imagine. Nameless faces attentively listening to our stories, witnessing the cold lifeless concrete of a flea market; it’s parched landscape that otherwise looks beautiful in the orange twilight. We have more money than it can last us a lifetime, but it cannot buy us our family back. I stare enraptured as strangers scurry down their separate ways, unknown to the solace they and the nameless faces in the photographs provide me, but my brother, he hates them. A single conversation with him, and one would say he hates the face of humanity itself. “Never trust anyone,” he constantly warns. “They leave you when you need them the most.” Our parents leaving us had scarred him deeply. He does not like coming here, but I know that there is a small part of him, albeit hidden away, that craves for company. On this particular day, the sun bathes me in sunlight from behind my brother’s head making me squint up at his silhouette. My thoughts are interrupted by a loud crash of porcelain china doll falling of our stand, its pieces damaged beyond repair. Dozens of dolls lay on our stand that my brother bought from a rather expensive antique store, in a futile attempt to blend in with the rest of the commoners.
E-commerce definition: E-commerce is about the sale and purchase of goods or services by electronic means (Chan et al, 2004). This is one of the most simple, basic and self explanatory definition of e-commerce.