E-commerce Weblog

In 3rd September 1995, Pierre Omidyar, a French-born Iranian computer programmer founded a shopping website which enables buying and selling goods and services worldwide, which we all known it as, eBay. It is one of the successful e-commerce examples that come into our mind. There is 14 years old of history since founded and became public since 21st September 1998.


The causes of eBay success are
• Access
eBay has an open access, level playing field, transparency, equal access to information are attributes of any environment with positive outcomes.

• Connection
eBay enables individuals to connect and interact with one another such as market solutions, collaboration and wisdom crowds.

• Sense of Ownership
Skin in the game lets individuals feel there is an investment required to participate and accountability (e.g. reputation systems).

• Enjoying
The people enjoy the experience of the shopping bazaar and the competition of the bidding process. Also, eBay auction allows the users to bargain over the price.

• Practical place
It is a very practical place to buy and sell collectibles or commodities

• Attitude of the sellers
Most of the sellers in eBay are warm, decent, trustworthy and honest people.

Related links:
1)http://www.cs.brandeis.edu/~magnus/ief248a/eBay/history.html


2)http://en.wikipedia.org/wiki/EBay