In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Wednesday, May 4, 2011

eBay

eBay is an online market place that enables trade on a national and international basis. It has become a global phenomena and one of the few international websites that enjoys billion of dollar turnover annually.

Initially, eBay was a primarily a site to auction off collectibles like trading cards, antiques, dolls and homeware, but over years it has exploded to used cars, clothing, books, CDs, and electronics.

It is the platform for trade that can be used by business and individuals alike. eBay brings E-commerce to millions of consumer and small business participants who congregate in thousands of communities of interest that provide the critical mass of buyers and sellers required for then success of the countless electronic auctions taken place daily.

Seller can be a big business, a local stores, or a teenager unloading his old baseball cards.

The businesses credits basic business requirements such as financial discipline, understanding and serving diverse customer needs, building and outstanding management team, and hiring committed employees for eBay’s success.

eBay is huge and it is still growing.

eBay doesn’t sell a thing. Instead, the site dose what all good hosts do: it creates a comfy environment that brings together people with common interests.
eBay

The most popular articles

My Blog List