EBay

About eBay

Ebay the absolute No. 1 in online trading. To date, no platform has reached where eBay has been for a long time. Ebay combines excitement, participation and shopping to create the most unique platform in online trading to date. With these factors, Ebay still sets the standard by which everyone has to measure themselves.

The Foundation

Today`s eBay company was founded in September 1995 in sunny California under the name auctionsweb by businessman Pierre Omidyar. What began as an online auction house with a flea market-like character has developed over the years into an absolutely ingenious and well thought-out business-to-consumer platform that is used by both private sellers and commercial sellers.

The business model

eBay is an internet platform where you can offer new and used goods for sale. eBay only acts as an intermediary between seller and buyer. However, the processing, payment and shipping of the goods takes place without the involvement of eBay. The very well structured and easy-to-use Internet platform is completely free for buyers. Sellers, on the other hand, have to pay a very low fee for using eBay`s online offering, which is more than fair in direct comparison to the competition.

Selling Concepts

Three sophisticated sales concepts are offered on eBay to give the seller the best possible flexibility.

Selling against highest bid

The seller sets a starting price and an end date for the auction of the offer. After listing the item, potential buyers then have the opportunity to bid an amount on the respective item. A prospect can be outbid by a competing prospect at any time. The bidder who has bid the highest amount at the end of the auction must accept the binding offer.

Sale at a fixed price

The seller offers his goods at a price set by him. During the term of the offer, the first interested party willing to pay this price will be awarded the contract. This variant is called "Buy It Now" by eBay.

Permanent Offers

The seller can offer his items permanently and without an expiry date on eBay. In addition, other auctions of the seller are listed.

Facts

- Over 200 million registered members worldwide.
- The company is present in 33 nations with a country-specific presence
- There are approximately 1.394 billion shares outstanding
- The market value of eBay in October 2007 is around 38 billion euros.

The Rating System

So that a buyer can get an idea of ​​the seriousness of a seller before buying an item, eBay has introduced a sophisticated rating system, which is one of the best on the market. Both sides can assess the process after each purchase. These ratings and experiences can then be viewed by other interested parties and can contribute to future purchase decisions. Also new is the differentiated seller rating, which was introduced in May 2007. Here, in addition to the normal evaluation, the following criteria can also be evaluated: Article as described, communication, shipping time and shipping and packaging fees. A maximum of five stars can be awarded for each of these criteria. The average values ​​of this rating are displayed in detail in the member profile, but cannot be assigned to the reviewer because it is only an average value. eBay is tirelessly striving to improve the rating system and is constantly coming up with innovative and trend-setting new developments!

Membership

In order to be able to buy or sell something on eBay, all you have to do is register easily and free of charge.To do this, you create a password-protected account with your personal data. With this account, the respective owner can see the status of his auctions or send a message to another member. The necessary data for shipping are also stored.

Conclusion

eBay is currently probably the best, safest and also most well thought-out auction platform on the Internet. No other online auction house offers as much know-how as eBay. eBay makes it as easy as possible for customers to shop online thanks to its consumer-friendly business philosophy and constant stream of future-oriented innovations. Ebay the ultimate concept for success.