ECOMMERCE & EBAY

Ecommerce & Ebay

Table of Content

Introduction3

Discussion and Analysis3

Operations of Ebay4

Appropriate Utilization of IT: E-comerce and Internet4

Attributes of Ebay's Success5

Conclusion6

References7



Ecommerce & Ebay

Introduction

Electronic commerce, routinely renowned as e.commerce, comprises of buying and selling of goods or services over electronic schemes such as the Internet and other computer networks. Individuals and entites usually follow a simple process for the purpose ofexecuting their buisness by using IT: ecommerce.(Efraim, 2009) Individuals and entities usually follow a simple process for the purpose executing their businesses through e.commerce. An individual or entity willing to start a business using the help of the Internet would first look for a proper forum from where they can sell. They go through a system by which purchasers pay them, by creating professional email addresses to build up effective communication systems with people and use promotional stuff to expand their businesses. The field of ecommerce is growing and evolving at a fast pace as more and more entities are getting benefited by ecommerce. It provides the user with the most efficient and effective way of doing distant business. It is generally fruitful for organizations dealing globally with distant customers across the globe (Gary, 2006). In the following section, we will be discussing the effectiveness of ecommerce in Ebay, and how does Ebay made us of information technology to become the market leader.

Discussion and Analysis

A young computer enthusiast, Pierre Omidyar, believed that a web-based community could use the Internet as a giant flea market. He founded eBay so that people could buy and sell collectibles and other goods. EBay is one of the few dot-com companies to become profitable and has since become the crown jewel of the Internet. Ebay.com is managed by an American Internet Company named eBay Inc. It is a place to auction your things online and is also a shopping website which allows people to do business by selling and purchasing a variety of services and goods worldwide. EBay was established in 1995 and is one of the prominent success stories in the world of dot-com. With its business expanded over thirty countries it is now considered as multi-million dollar business. It has expanded highly, from auction forum to a lot of other facilities like buy it now, UPC ISBN, SKU to online money transfer and etc. Millions of décor, computers, appliances, equipments, furnishings, vehicles, collectibles and other different types of items are bought, listed ...