eBay is one of the world's largest online marketplaces, and allows users to buy and sell in nearly every country on earth; PayPal enables individuals and businesses to securely, easily and quickly send and receive digital payments; and eBay Enterprise enables omni-channel commerce, multichannel retailing and digital marketing for global enterprises in the U.S. and internationally.…
Amazon.com is a publicly traded worldwide online retail company founded by Jeff Bezos on July 5, 1995 in Seattle, Washington. The company originally began as an online bookstore as Bezos felt there was a high demand for literature, and books had a low price point and a huge selection of titles available in print. Technological innovation drives the growth of Amazon.com to offer customers more types of products, more conveniently and at lower prices. Since 1995, Amazon has significantly expanded its product selection, international retail websites, and worldwide network of fulfillment and customer service centers. Today, Amazon retail websites offer everything from toys and video games to MP3 downloads and collectible items (amazon.com, 2014). Amazons business model is fairly simple; to sell various products and goods online at an affordable cost to consumers. Amazon has managed to not only achieve this business model but they have also managed to consistently expand and become the largest online retailer to date. To keep up with global demand, Amazon had to expand its products and services offered while continuing to forecast consumer’s needs. “In 2000, Amazon.com began to offer its best-of-breed e-commerce platform to other retailers and to individual sellers. Today, hundreds of thousands of world-class retail brands and individual sellers increase their sales and reach new customers by leveraging the power of the Amazon.com e-commerce platform. Partners work with Amazon Services to power their e-commerce offerings from end-to-end, including technology services, merchandising, customer service, and order fulfillment. Other branded merchants leverage Amazon.com as an incremental sales channel for their new merchandise. Over 2 million third-party sellers participate in Amazon where they offer new, used, and…
EBay Inc. is an American multinational corporation and e-commerce company, providing consumer-to-consumer and business-to-business sales services via the internet. EBay is an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and series worldwide. In addition to its auction-style sales, the website has since expanded to include ‘Buy-It-Now’ shopping.…
I believe that the market outcome of online e-commerce sites such as eBay only matters to the sellers and buyers as each is looking out for their best interest. Buyers want the best price, and also the most options for a product and sellers want to maximize their profits.…
6. "Amazon Vs. EBay: A Shopper 's Perspective." Minyanville. N.p., n.d. Web. 19 Nov. 2012. <http://www.minyanville.com/sectors/consumer/articles/amazon-amzn-ebay-walmart-retail-retail/4/5/2012/id/40257>.…
The e-commerce system chosen is the Overstock.com. Overstock.com is an online retailer offering a broad variety of high-quality, branded name goods at discount prices, including bedding, home decor, appliances, watches, jewellery, electronics, sporting goods, clothing and shoes. At the beginning, Overstock.com sold surplus and returned merchandise on an online E-commerce marketplace and liquidating the inventories of the failed dot-com companies at below-wholesale prices (Drummond, 2006). Recently, it has expanded to sell new merchandise and also offering manufacturers, distributors and other retailers an alternative sales channel for liquidating their inventory. In addition to its direct retail sales, Overstock.com has also offered online auctions on its website. The company’s major competitors are eBay and Amazon.com (Mann, 2005).…
Amazon's firm-specific resources and capabilities in the United States consist of their ability to offer products at a discounted rate of 20% to 30% which entices their customers to order products through them opposed to off of the manufacturer's website. Not only does Amazon sell books, but they also have a wide variety of electronics, appliances, furniture, dvds, clothes, etc… The ease of ordering multiple products at discounted…
E commerce or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Overstock is an example of an e-business. Overstock is a retailer that sells a variety of items online including shopping for items such as clothing & shoes, furniture, jewelry, toys, home and garden, bedding and bath, and electronics, sports items, books and media, and much more. Overstock also offers shopping via auctions, a page where a consumer can shop for cars, a page where the consumer can shop real estate, and a community page. The organization’s mission is to provide their online customers with the best prices and superior customer service while making the existing offline liquidation system more efficient. Overstock has grown drastically over the years. ‘Overstock began selling surplus and returned merchandise on an online E-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at…
Making a financial analysis on both companies, we could notice certain differences that mark advantages for both sides. The financial study was done in a span of 4 years of operation for Barnes & Noble (1992-1996) and 6 years of operation for Amazon.com (1995-2001). Given numbers can be seen in Exhibit 1 and 2 for both companies.…
eBay is an online marketplace where both individuals and businesses can buy and sell goods and services to people around the world.…
Jeffrey Bezos started Amazon.com in 1994, after recognizing that Internet usage was growing at a rate of 2,300 percent a year. Operating from a 400-square foot office in Seattle, Jeffrey launched Amazon.com on the Internet in July 1995. Amazon.com mission is to use the Internet to transform book buying into the fastest, easiest, and most enjoyable shopping experience possible. By the end of 1996, his firm was one of the most successful Web retailers, with revenues reaching $15.6 million. Almost overnight Amzon.com quickly became the world’s largest e-tail bookstore in the world. Amazon has continued to expand its customer base, and sales revenues have increased every year. The firm’s revenues increased from $15.7 million in 1996 to $2.76 billion in 2000 (Table 1). Today, Amazon.com is the place to find and discover anything you want to buy online. Amazon offers the Earth’s Biggest Selection of products to 29 million people in more than 160 countries across the world making them the leading online shopping site accessed via the World Wide Web.…
ebay is basically a wholesaler who sells merchandise at the lowest possible price usually to retailers [amazon} who will resell the goods to consumers.…
7. Robert D. Hof & Linda Himelstein. (1999). eBay vs. Amazon.com. Available: http://www.businessweek.com/1999/99_22/b3631001.htm. Last accessed 27th Jan 2011.…
Although both Airbnb and eBay provide online marketplaces to match buyers and sellers, Airbnb focuses on one specific area: online marketplace for accommodations whereas eBay runs online marketplaces in a much broader scope, from Fashion items electronics all the way to collectibles, in other words, the transactions happening on eBay everyday are related to almost every corner of our daily life.…
While online shopping products come directly from the manufacture to customer without any middlemen involved. Usually the prices for the products sold through online stores are lower than the regular stores. Because they do not need to hire so many people to work. Moreover, due to a lot of variety over online stores, we do not need to do any compromise.…