An example of an E-commerce became success and its causes.

The success of ecommerce is an issue that has attracted the interest of public in this century. The practice of electronic commerce (e-commerce) has been in existence since 1965 when consumers were able to withdraw money from Automatic Teller Machines (ATMs) and make purchases using point of sale terminals and credit cards. This was followed by systems that crossed organizational boundaries that enable organizations to exchange information and conduct business electronically. Such systems were commonly known as inter-organizational systems.

Let’s say we use eBay as our example for e-commerce’s success.

Pierre Omidyar has started to establish eBay from his home in 1995 and now is a leader in Internet revenue. The first name eBay used was Echo Bay Technology. When the company tried to register the domain name echobay.com, they found out that it was already in used. So, they shortened the name to eBay.com and this how the Website was born. EBay is the world's online marketplace where a place for buyers and sellers come together and trade almost anything.

EBay today has become so successful in e-commerce compared to other websites. The main reason is because its URL is short and easy to remember. There are different types of payment methods available in eBay which allow users to choose a payment method that is convenient and secure to them, such as PayPal, Personal Cheques, Money Orders and many more. EBay may lists out all the items by categories that allow users to find anything on eBay easily and faster, including cars, real estate, collectibles, concert tickets, CDs, clothing, DVDs, and artwork. Moreover, anyone with an eBay account can bid on the item that they like at the right price. Therefore, you can bid at the maximum amount that you’re willing to pay for an item so you could pay less.
{Reference: http://www.happynews.com/living/online/history-ebay.htm}
http://www.associatedcontent.com/article/18371/why_is_ebay_so_successful.html?cat=3


The causes of eBay to success are:
* Focus -> By doing business activities via eBay, we can choose something to sell that we knew. This is because we are familiar with the particular product and easily for us to search some information regarding the particular product. Therefore, we do not have to waste our time wondering whether it will sell or how much you should pay for it.

* Research -> By researching products available in eBay, you can gain valuable knowledge and find cheap source of the items. People who shop on eBay are looking for something specific and then deal with a wholesaler.
{Reference: http://www.bargainchecker.com/articles/ebay/eBay-Success.aspx}

* Help Page -> It is useful by helping us to solve the problems. It also provides the tips and ways to become better buyers, about payment and shipping, bidding and buying and so on.

* Accessible -> 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.

* Enjoying -> People tend to enjoy the experience of the shopping bazaar and the competition of the bidding process. EBay auction also 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 seller -> Most of the sellers in eBay are warm, decent, trustworthy and honest people. No worries when purchasing.








2 comments:

yummysoup said...

ebay is so successful even until today ... ebay website is user friendly and is a place where we can buy and sell things to others ... it also a place a to do business

SoK-E said...

thank you for the comment. ebay become so successful because they provide different kinds of e-payment, website is user friendly, a place for all people to do transaction in ebay

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