eBay Powerseller Essay

When you use an existing service like EBay and Amazon, you will pay fees to list your products and also a “Final Value Fee” which is a percentage of the sale price. Buying an existing business is also less risky than starting from scratch. When you buy an existing business, you are at that point taking over an already generation of cash flow and profits. You have an established customer base, reputation and employees who are familiar with all aspects of the business. You may also have the option to reinvent the vision of the company or success formula.

However, the goods and services sold on eBay can be considered perfectly competitive. There is a multitude of buyers, or producers, and consumers have options with substitutes. Most of the products sold within their category are similar and for the quality of the product, they are typically within the same price range of one another, and each individual seller chooses their price based on other similar goods sold on the site.

EBay has paved the wave in this industry and being in a billion dollar industry making things happen to benefit consumers in many ways.[5]

It is very unlikely that this would occur, because members of eBay who sale products on the site usually if not always own the product being sold, therefore no one should be able to dictate the price at which owned goods could

Database System: A database system is an important part of an eCommerce website. The database is used to store information about the products for sale on the site. The database will hold information such as store pricing, descriptions, images and other details. In addition to this the customers details are

Ebay is primarily service providers who connect the sellers and buyers by providing platform to sell and buy any goods.

Many entrepreneurs test the waters of a market by starting a sideline business. What are the advantages and disadvantages of selling items on Internet auctions, such as eBay?

Transition: Now that we’ve touched on product selection, let’s advance into how Etsy helps regular people supplement their income.

I make this a fun activity for my son and I to do together (except the TOY part! We all know the minute you try to sell toys they instantly become their ALL TIME FAVORITE). You will have to have a few materials on hand: white cardstock, safety pins (or tagging gun) hangers (you will not get back) and a computer. Most children consignment sales have a computer system; this requires you to enter your item and price to keep a log of it (this is my FAVORITE part during the sale. It is very addicting to check your account every night and see what sold). You will have to hang your items and then either safety pin the tags on the items or use a tagger gun to secure the tag to the item. However, the pay off it VERY

eBay is perfect for selling things that are gathering dust in your house. You have the choice of having the funds deposited into your PayPal account or directly into your bank account. There are no start up cost to sell things on eBay, just grab what you don't use anymore and start selling. If your eBay business start running really well, you can start selling things on a daily basis to people across the world. Once you get to that point you can become an international salesman. The great thing about eBay is that you can post up rare items and wait until someone comes along and buy it. It may take days, weeks, or even months for the buyer to come across your listing, but they will sooner or later. This is a great way of earning passive income by selling

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.

Are you a crafter who has wondered how to sell on Etsy? Most people in the crafting world have heard of Etsy, but not everyone knows how to sell on an online marketplace like Etsy. Selling successfully on Etsy takes a little practice and know-how. A common mistake that almost every "newbie" makes is to think that just because you set up a shop on Etsy, the customers are going to come flocking! That is far from the case. Learning how to sell on Etsy takes some trial and error and a good understanding of how internet marketplaces for crafts and arts work.

The market eBay takes place in is primarily the Internet market. Around 1995 the Internet market was just beginning. “there will be more than 500 million users by 2003 and a rapid increase in e- commerce turnover, rising from US$500 billion worldwide in 2001 to more than US$3 trillion in 2004” (Fichter, 2003) EBay was a pioneer in Internet market until competitors such as Amazon and Wal-Mart began to sell products online as well. “Online marketing is now the fastest-growing form of marketing” (Armstrong, 2013). The difference between eBay and its

The company eBay Inc. is an American multinational Internet consumer-to-consumer corporation. Founded in 1995 by Pierre Omidyar in San Jose, California, it is now a multi-billion dollar business with operations localized in over thirty countries including China and India. It’s main enterprise is eBay.com, an online auction and shopping website that allows people and businesses to buy and sell a broad variety of goods and services internationally. Millions of collectibles, décor, appliances, computers, furnishings, equipment, domain names, vehicles, services, intangibles and other miscellaneous items are listed, bought, or sold daily on eBay. Anything can be auctioned on the site as long as it is not illegal and does not violate the eBay’s Prohibited and Restricted Items policy.

The fact that eBay does have some successful competition means that its strategic capability has become less unique. There is a hint in their competitor profile that innovation and perhaps adaptability to different cultures as they innovate is not core to eBay and something which has been developed more successfully by others working within their own national culture. Indeed, eBay rules in its own territory of North America and in Europe. The search capability of eBay also means that niche players do not really make sense, whereas the consumer trust that comes from being a big player is worth everything when trading on-line, as is the notion that whatever you want it will be on eBay because of its size. Thus, the so-called network effects of eBay (the bigger the company, the more successful it will be) and its first mover advantage that has led to this level are key to its success.