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Here goes his success story…

Ebay's success story?

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Page 1: Ebay's success story?

Here goes his success story…

Page 2: Ebay's success story?

Yes! that guy was the founder of one of the first online marketplaces on the world-wide web,

Founded by PIERRE OMIDAYAR , a French- Iranien immigrant .

Page 3: Ebay's success story?

Now,

Why has EBAY succeeded as an online auction market place while so many others have failed?

Page 4: Ebay's success story?

Uniqueness !

Page 5: Ebay's success story?

The founder wrote the code for an auction Web site where everyone would have equal access to a single global marketplace in the year 1995.

1995 ! ,when there was no face book and twitter!

He couldn’t believe it when a collector bought the first item, a broken laser pointer, for $14.83. Soon the site grew .

Page 6: Ebay's success story?

The momentum continued when individuals and small businesses discovered that eBay was an efficient way to reach new consumers and other businesses.

Page 7: Ebay's success story?

eBay pleased both buyers and sellers.

•eBay’s business model is CONNECTING INDIVIDUALS who otherwise would not be connected.

• Make their Web site a COMMUNITY.

• REINFORCED TRUST between strangers.

Page 8: Ebay's success story?

FROM THEN , TILL NOW ALWAYS MADE ITS OWN PLACE.

Page 9: Ebay's success story?

CUSTOMERS FEEL LIKE OWNERS !

The users too have a voice in all major decisions the company makes through its Voice of the Customer program.

Page 10: Ebay's success story?

THEY WERE HIGHLY PLEASED BECAUSE•They felt they were in control•They received the best possible price.

THE SELLERS WERE ALSO PLEASED BECAUSE• They reached a wide variety of buyers • They ended up owing very little overhead when the deals were done.

Page 11: Ebay's success story?

which allowed the bidders/buyers to determine the price they were willing to pay for an item.

•Nowadays even companies first check items on eBay before they estimate the price they will charge for their products.

EBAY INTRODUCED

Page 12: Ebay's success story?

CAN THERE BE MORE REASONS FOR SOMEONE TO BE SUCCESSFUL?

Page 13: Ebay's success story?

Recap:

•eBay’s business model is CONNECTING INDIVIDUALS who otherwise would not be connected.• Make their Web site a COMMUNITY.• REINFORCED TRUST between strangers.•CUSTOMERS FEEL LIKE OWNERS !•They felt they were in control•They received the best possible price.The sellers were also pleased because• They reached a wide variety of buyers • They ended up owing very little overhead when the deals were done.

Credits: Images.google.com

Page 14: Ebay's success story?

A Presentation by Sravya Tanmayee

Page 15: Ebay's success story?

SRAVYA TANMAYEE, IIITDM-kancheepuram

during an intern by

Prof. Sameer Mathur ,IIM Lucknow

Page 16: Ebay's success story?

Thank you !