Omidyar in September 1995. • In 1998, Pierre and his cofounder Jeff Skoll brought in Meg Whitman. • With an experienced management team they built a strong vision for the company “ that eBay is a company that's in the business of connecting people, not selling them things The Business Model
• The Business Model eBay has built an online person-
to-person trading community on the Internet. • Browsing and bidding on auctions is free of charge, but sellers are charged two kinds of charges: • When an item is listed on eBay a nonrefundable Insertion Fee is charged, which ranges between 30 cents and $3.30, depending on the seller's opening bid on the item. Business overview of ebay
• Business overview of ebay
• B2B->Business to Business • B2C->Business to Consumer • C2C->Consumer to consumer Revenue Model
• Revenue Model Ebay generates revenue from a
number of fees i.e insertion fees, final value fees & several optional adornment fees. • eBay sellers are permitted to offer a variety of payment systems such as Paypal, Paymate, Propay & Moneybookers. • When a new Paypal registration via ebay is done, it earns an offsite revenue even when the account is used for non-ebay transactions.