The first product, eBay had auctioned successfully, was a broken fountain pen to a broken pen collector. So, anything you may find a bit iffy, you can find it on eBay for sure.
This is where sellers put their unique products on an auction. So, it gives us an idea of which sort of markets the corporation approaches to. Types of buyers: The buyers are mainly collectors of unique and specific properties as the highest-grossing merchandise is antique and collectibles.
So general household consumers and professional users are also a target for the company. Age range : The money spinner users of eBay are from the age range of 45 years and up. A study states that millennial are less keen to eBay where it has a large customer base in the age range As they are collectors.
But on average, years old users have a fair count too. It is important to mention that the website is quite popular among kids age nowadays.
Even as sellers, it is a potentially growing market. So, their approach to the market is indifferent in the count of gender. Average Income : the website is originally an online auction platform. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Company figures Gross merchandise volume. Buyers and sellers Number of active buyers. Interesting statistics In the following 6 chapters, you will quickly find the 35 most important statistics relating to "eBay". Statistics on the topic. Overview Leading large cap e-commerce companies worldwide , by market cap. Leading e-commerce and shopping websites worldwide , based on visit share.
Preferred global digital retailers for cross-border purchases Leading electronics, office, and leisure e-retailers worldwide , by CAGR. Leading health, beauty, and personal care e-retailers worldwide , by sales. Leading retailers worldwide , by mobile web traffic. Leading shopping apps for iPhone in the U. Leading shopping apps on Google Play in the U. Workforce of leading global online companies More interesting topics Related topics.
Online marketplaces. It deals with consumer-to-consumer and business-to-consumer transactions through its online services. It has a brand value of around 60 billion dollars. It has been operating in about countries, as of The companies website provides services like an online auction and shopping for people and businesses all around the world. It provides economic opportunities for individuals, entrepreneurs, businesses, and organizations of all sizes. It is important for every business to have its business plans updated regularly.
This helps the company to move along with the trends and see the possible challenges ahead. The business model of eBay consists of 8 main key units which are as follows:. This is a fee paid by the sellers to eBay after they exceed their monthly 50 free listings. The amount of fees is determined by the type of product the which the seller wants to sell. The transfer fees are free for us citizens if they have a PayPal account or a bank account.
If they use a debit card or credit card then they are charged 2. It provides a different method of advertising services that are useful for their sellers to market their products more efficiently.
They were the first movers in the online auction market. This is currently one of the fast-growing markets in the world. They should make them believe that online shopping is safe and you get good quality deals.
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