What is ebays business model?
Since its establishment in 1995, eBay Inc. has become a world leader in e-commerce shopping and payments. EBay connects millions of buyers and sellers every day and continues to look for new ways to expand its business.Listing TypesAuctions for goods are set for a specified time period and sellers can place a reserve price for which items must sell to avoid low final prices. An entire section of eBay called EBay Express is setup for buyers looking for traditional Internet shopping where goods have set prices in a “buy it now” format.Ebay FeesEBay’s revenue source is fees from sellers offering products for sale. Each seller is charged a percentage of the final sale value and listings can also be promoted for extra fees. Promotions include highlighted or bold listings, adding extra pictures or placing listings first on search pages.Buyer Trust and SafetyAn important feature of eBay’s business model is to ensure buyers feel safe in purchasing products on-line. Buyers rate thair experience
