E-Bay Business Models and StrategiesJoin now to read essay E-Bay Business Models and StrategiesE-Bay Business Models and StrategiesE-Business Models and StrategyHas anyone ever been frustrated when trying to find merchandise that absolutely no one seems to have? Or how about looking for your favorite artists or professional player’s autograph? How about looking for new/old Pez dispensers? Well I am sure that anyone who has needed or looked for any of these particular products online has stopped by E-bay to take a gander at what exactly they have to offer. E-bay is an online auction company which acts as an intermediary between buyers and sellers. It was started back in 1995 by a man named Pierre Omidyar, who had started the site as a hobby, originally being used by his girlfriend as a trading exchange in order to collect Pez Dispensers. Who would have thought that today, with what started off as a hobby, could have turned into a widely accepted and growing stock in the NASDAQ stock market. With how technologically advanced we are today, it is easy to see why E-Bay has been continuously growing over these past 12 years, on route to becoming the biggest, most popular online auction site in the world today. However, would E-bay be considered as successful as they are, have they had just introduced the site in today’s common e-business world.
E-bay is regarded as the best online auction site in all of the world, and to think that if they would have been introducing this service into today’s business world they wouldn’t be as successful would be absolutely preposterous. Although, it is tough to consider how E-bays success would have been regarded had it been created in today’s time. The introduction of the internet in the 1990’s helped play a huge role in the success of e-bay, and has made it what it is today. Considering that in the interactive world of the internet where there are over 1500 online auction sites, e-bay has done a phenomenal job to stay atop of the leader board for such a long time. With the number of internet companies and internet sites growing by the day it is hard to say whether or not E-bay would be as successful as they have been introducing the site today. I personally have two different views on this subject.
When E-bay was first introduced in the on-line world, there was absolutely no competition, making it very easy for the company to gain mass amounts of publicity, and customer loyalty/business in order to launch them to stardom. With the internet being widely accepted among everyone who owns or has access to a computer, this has made E-bay a very widely accepted website for users to find what they are looking for in today’s marketplace. I do not believe that E-bay’s start-up, if it were to happen today would be as remarkable simply due to the fact that E-bay was introduced to the internet at relatively the same time as the internet was born. Since E-bay has been such a dominating auction website over the past decade and even gained stock market publicity, I think it would be very tough for E-bays success to be considered as remarkable in a world such as today where new websites and dot com companies are being established on a daily basis.
In all successful companies in today’s day and age you must have some type of business model to follow in order to make sure that you are keeping up with all the factors that compose the main components of your business. E-bay has done a great job in taking care of this aspect of the company. We are now going to take a look at the 6 aspects of E-bay’s business model as to what they have done in order to be as successful as they currently are.
External FactorsE-bay has been constantly changing its website in order to stay in line with the technological advances that have been happening at a very rapid pace. I would say that one of the main components that E-bay has done relatively well in is the aspect of security towards its customers. With the addition of Pay-Pal it is very easy for customers to exchange payments via the web. I know most people are going to say “Well what about the hackers out there, aren’t they going to steal my information?” The answer to this question is absolutely not. E-bay is constantly changing how funds are to be transferred to stay ahead of the game. Pay-Pal was voted as the best, most easiest, secure way to make payments on-line via the internet. In addition, with the United States economy the way it currently is, this could make E-bay become a much more widely used auction site for people looking to get the best bang for their
I wouldn’t make some claims about E-bay, I would just say that the current system is broken, it’s very convoluted, and they’re going to have some work. You can make a complaint about the security of e.bay.com and you could go to any of the other sites you’re in contact with (they all use the same site). If you don’t like pay-pal payment, stop reading.
The key thing to understand about what I’ve said is that some security problems, like password cracking, don’t stop the whole process of taking credit cards from the person who stole your information. You have to take the credit card and use the same password. You do that, you don’t, but it’s no big deal for me. Not only do I have no problem with money being sent to my personal account by someone I’m not supposed to know, but I have no problem with using the credit card on any other e-bay site. I don’t have problems with my personal information being sent to any of my favorite e-bay sites.
Just a quick check out some of the security measures your website has. If you want or need more information, I am sure that you’ll find a lot of information here.
Here are just a few examples of what I’ve done to provide you with the tools I have used to gather this data, from time to time. There were a lot of changes made on this site over the course of the past year. At the end of February I spent 2 months testing out new software for security audits and I’ve installed it now, and some of the updates were great. I could only do 2 things on this site, I want to give you an updated account log, on a regular basis, and I want people to know that I don’t share their personal information with anyone. This website was completely unsecured and encrypted and everyone I knew was at risk. I used the best privacy and security tools I could find to monitor them, I would trust that everything would be back up and ready to go when I called (I’ve never used a VPN or anything, I’ve never had to turn off my service and I just have one VPN as a basic authentication method, the other is called P2P). Even if you were on vacation or just with family, it was always OK to go to the security screening stage (to show them my details, or show them an ad on my website), and you wouldn’t have to check in very thoroughly. If you ever did spend time on these security audits, you should have at least made a complaint and I would have had to take precautions to ensure I didn’t do anything that could potentially be the next time someone would find my personal name or e-mail address. I would have spent my time checking things out, and every time I checked the security for sure. These were all things that I could have done without the help of someone. This isn’t “you should have checked your email, password, and credit card statements” or “you should have left your password on your site before making any purchases” or “even if I saw the signs of money going around you I wouldn’t have thought about sending someone to get information from your money”. This is more information and I would have known and done my job without any ill will.
Since then things are going well. In early March and I was the only one working on a specific feature at E-bay but people have been doing it all through the last few months. It’s going to