The first eBay merchants saw the writing on the wall. They understand the future business opportunities that were available on the small innocent auction website. Today these entrepreneurs with the basic tools that eBay provides have built and built a multi-million dollar giant that is
second to one.
eBay challenged some prevailing claims about get rich quick
opportunities. The idea that ordinary people could create large incomes from a small investment of time and money seemed ludicrous. The idea sounded like an over hyped business ad in a sleazy business opportunity magazine. Today it is clear that the idea of eBay as a business is lucrative.
As with any other business new business idea, people thought it could not do. But eBay created an Internet community that has also created many profitable businesses for millions of entrepreneurs.
eBay created a new generation of cottage industry merchants who now play a key role in generating new options, choices and opportunities for people around the world.
The level of success of some of the eBay merchants is absolutely astounding. In fact the whole story of eBay is rather amazing. The simple facts of how eBay became eBay reads like the perfect story of rags to riches. Of course the central character is the everyman who is just like you or me.
The hero of the story is Pierre Omidyar, an entrepreneur who had a vision and
followed it through to the ultimate business success model
One of the key components to the success of eBay is the simplicity of use.
Using eBay requires some basic typing skills and an item to sell. The simple day to day set up and delivery of products makes eBay the perfect solution for a would be entrepreneur.
eBay is a pioneer of the auction online business model. eBay pioneered legitimate get rich quick opportunities. eBay makes millions by giving entrepreneurs what they need to be successful. Providing a global market to business owners is one of the support factors that greatly improves the potential for profit
eBay provides a way for ordinary business owners to become superstar sellers or power sellers if we use the eBay vernacular. eBay provides all the best tools that include a simple approach to business ownership. eBay makes the mundane extraordinary. The eBay model makes it easy for entrepreneurs to undertake complex tasks that help them succeed online.
The routine and mundane aspects of selling an item can be automated and the profits can be realized very quickly. Using eBay tools, an entrepreneur is able to create seamless transactions. This activity could be very expensive for a new business owner to the tune of over 800 per hour and as cheap as .50 per transaction.
There are some key lessons to be learned from the eBay model. The difference between winning and losing is in the details. Other factors include the attitude of the winner. The end results must always be the same, completion, follow through, fail then try again.