08 Mar 2008 12:28:06 | Jay Bauder
What E-Bay Gets from Sellers
E-Bay has indeed changed the way sellers handle business
nowadays. In some cases, sellers in E-Bay are really dependent
on the service up to the point that they are financially
dependent on the system. Despite of that, E-Bay has a continuous
growth rate and appears much bigger and financially capable than
before. What do they really get from sellers?
According to E-Bay officials, they act as the middleman for
customers and sellers. Their site is a portal in which both the
sellers and buyers could meet and have an interaction regarding
the items that are for sale. If compared to the more realistic
setting, E-Bay is the online version of a flea market and
instead of the buy and sale way of transaction, the flea market
holds an auction and whoever has the highest big would be able
to get the item. This is exactly what happens in E-Bay. The only
difference is that the whole world gets to participate in the
bidding process. E-Bay usually charges a certain amount to
sellers who wish to have a space in e-bay's portal. The terms of
payment could vary depending on the intent of the sellers
regarding how long they would be able to maintain their
business. There are different paying schemes like monthly,
quarterly, and yearly. Most transactions are handled online.
Through this system, E-Bay would be able to earn some money
before sellers could be able to sell their products and items.
Whenever a product is sold, E-Bay does not receive a percentage
over any successful transactions. Aside from that, E-Bay also
has certain rates for advertising charges. If sellers would like
to advertise more their products through E-Bay, they need to buy
a certain amount. Advertising products or goods is a good way to
sell product because people would be able to see the ad and
potential customers could be able to inquire about the product.
On the other hand, E-Bay offers the convenience of online
shopping just right at the tips of the buyer's fingernails. This
is really a treat considering the busy lifestyles that people
have these days. E-Bay offers the sellers a chance to service
those people that have money to purchase such items but does not
have the time to go out and actually have time to buy everything
that they like. The relationship between E-Bay and sellers is
actually a mutual and beneficial one which is also the reason
why it works.
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