will their monopoly reign one day come to an end?
2006-06-25 00:44:32 · 5 answers · asked by Piffle 4 in Computers & Internet ➔ Internet
It's no monopoly...
I buy and sell on Amazon and Yahoo Auctions. And there are more sites, Google, Overstock, and a lot of smaller auction sites.
If a runner ran a marathon faster than anyone else, "would he have a monopoly over the copmetition?" NO!!!
eBay has spent BILLIONS to get where they are today. In my opinion, They went supernova after they bought PayPal. That set them apart from the rest.
PayPal made eBay easier to use.and they didn't have to bribe the government to set up limits and laws against it's competitiors. They paved away for their competitiors. Now a competitor can follow their example.
In the buisness of getting buyers and sellers together, whatever company that can "ATTRACT" the most buyers and sellers will be the biggest company.
If I'm a seller, I want the most people I can get to see what I'm selling. If Google can "ATTRACT" more people to browse thier listing then I'll list my items in Google. I want more people fighting over my items I'm selling. I want that high bid to jump up.
If I'm a buyer, I want to buy from a site with the most selection. If Google can "ATTRACT" the most people to sell on their site, I will shop at Google. Bigger selection = better prices.
If I'm looking to buy a 1953 Batman Pez Depenser, I'm hoping not to find just one and everybody is bidding on that one. I'm hoping there are fifteen and I'm the only bidder on one of them. I don't want to be in a bidding war with another bidder and make the price go up. I would hope that the auction site would have more people selling more stuff and we wouldn't be fighting over the few they have listed.
eBay is far from a monopoly. They have worked hard for where they are today. But I'm not an investor or an employee, and if another site can offer me a better offer, I'll drop eBay like an old hat. So far they are the best in my opinion.
Start your own auction site. You have every right. You even have a model to follow. Come up with a better way. Convince investors how your plan will succeed. Implement you plan. Build your auction site. Improve it. Improve it some more. Buy up companies that help you to achieve the best damn auction site in the world and then overtake eBay in the buisness. Hell put "Buy eBay" on your list of things to do. This is a free world with unlimited potential. There is nothing stopping you. And Yes, I know it won't be easy. Nothing ever is...
Dream big...take action...and eBay's reign will soon come to an end, thanks to you...
Good luck...
2006-06-25 02:03:21 · answer #1 · answered by alancl1 3 · 2⤊ 0⤋
There have been several who have tried to compete with Ebay including Yahoo. The reason that late comers can not compete is because Ebay has an entrenched position. That is if someone wants to buy something, where are they going to go and look first. The answer is where the selection is the greatest and where they are most likely to find it. For sellers that also holds. Where is one going to post an item for sale? Where there is the most likely hood of finding a buyer. There are probably at any moment 10,000 to 25,000 people searching for items on Ebay. Maybe more. I notice that some sellers have feed backs in the hundreds of thousands from tens of thousands of different bidders. Sellers have the potential of reaching thousands of prospective bidders on Ebay. That is why there are no serious competitors. They are entrenched.
2006-06-25 01:11:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They were first out of the gate, knew what they were doing, and captured the market with constantly innovating and improving on what they do. It takes a very long time to and an enormous amount of cash to get an internet auction audience of buyers and sellers.
2006-06-25 00:56:26 · answer #3 · answered by graywolf810 1 · 0⤊ 0⤋
Isnt one Cyber Garage sale enuff?
2006-06-25 00:47:37 · answer #4 · answered by Self-Righteous. 5 · 0⤊ 0⤋
it does but no one compares ie amazon deal shopping those kinda things
2006-06-25 00:48:10 · answer #5 · answered by meowbaby7 4 · 0⤊ 0⤋