eBay’s New Directions

Meg Whitman points out the changing nature of eBay from just an online auctioneer:

Nearly 26% of our sales were settled in a fixed Nprice format, called Buy it Now. This feature allows sellers to attach a price to their auctions.

Another thing that not everybody knows about eBay is that its a very flexible channel for large sellers. We have made a tremendous amount of progress enabling big sellers to sell in volume.

Many small businesses, for example, are finding eBay to be a very attractive place, both for selling their products and for outfitting their offices. And were looking at new areas. Services is a new marketplace on eBay.

Another thing thats important to know about eBay is that were a global marketplace. We now have operations in 27 countries around the world.

A lasting point: “The need for online trading communities seems endless.”

From the first part of the speech: “What we see with eBay is a community of users who adapt this online marketplace to their particular needs. I think it is one of the most flexible platforms Ive ever seen in terms of making it just right for buyers and just right for sellers. Thats why weve succeeded.”


Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.