Term: Darshan Pather
Study course: E-commerce
Project 3: Case Study- EBay's Business Model
Lecturer: C. Gneuss
Due Date: 27/08/12
Craigs list. com is an online public auction and shopping website that allows people and corporations to obtain and sell a number of products and services internationally. EBay make money by charging fees to sellers, however it is liberal to shop make bids. Till date Amazon has existence including partnerships and purchases, with more than 85 million users worldwide. At the beginning of 2002, they used PayPal because their online repayment method.
A computer coder called Caillou Omidyar, began EBay in the living place in the year and month of September 95 in San Jose, California. Apparently, the key reason why EBay was officially set up is because his wife, Pam, thought the idea of an auctioning site on the web was a great idea as she was planning to collect pez dispensers and meet other collectors on-line. Originally called AuctionWeb this individual wanted a central area to which persons can buy exceptional products and bring together people with similar consumer pursuits. The initially two days AuctionWeb released online, there were virtually no bids. Then he posted a notice in the auction internet site onto the NCSA, " What's New SiteвЂќ to draw people onto AuctionWeb. EBay then began to attract buyers by word-of-mouth like most on the net e-commerce websites. EBay then became popular since it combined business with personal passions. Auction web sites started which has a couple's personal interests, Pierre had not prepared for Auction web sites to becoming this multinational large-scale web business. The brand EBay was chosen since second finest, he at first wanted to identity the website EchoBay, but that domain had been taken. Echobay was also the term of his consulting group. Jeff Scholl, an MASTER OF BUSINESS ADMINISTATION graduate, put together his organization skills recover of Omidyars computer programming know-how, and jointly they started to be a alliance. Scholl started to be EBay's first president,...