Ebay.com is an auction website. Ebay.com makes it possible for people to buy or sell products online. The products can be either brand new, or used. Some people use it as a place for garage sale to get rid of all their junk. While other uses it as a store to sell their products. Ebay.com makes money from the listing fees and transaction fee. It enables Sellers to sell to anyone with internet access, and Buyers to buy from anyone they want without traveling to store. Ebay.com is worth billions.
Problem: physical store is costly for sellers, and buyers needs to travel to physical store
Idea/Solution: Simple Website + Auction + Worldwide Buyers + Worldwide Sellers ==> bigger market
Site: http://ebay.com
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1 comment:
Well written article.
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