Amazon or eBay, yes the age old question, the Mighty Amazon or eBays, let’s see if we can explain some of the reasons why one will make you happier trading on-line and the other will not make you feel quite so happy.
The company was founded in 1994, by Jeff Bezos during the Internet business boom time in 1994.
Bezos left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm, and moved to Seattle.
He began to work on a business plan that would eventually become the multibillion dollar business Amazon.com.
Jeff Bezos incorporated the company as “Cadabra” on July 5, 1994. but then after a lawyer misheard its original name as “cadaver”, Bezos changed the name to Amazon, the company went online as Amazon.com in 1995.
ebay inc is now – 2015 a multibillion–dollar business with headquarters in San Jose California, with operations in over thirty countries.
eBay is operated from several cities and exists entirely on the internet, no stores or shops, it is an American multinational corporation and e-commerce company providing business to consumer, and consumer to consumer sales services OnLine.
eBay Inc also has it’s own payment system and subsidiary called PayPal used by sellers and buyers alike to collect payments or to buy items.
Amazon Inc and eBay Inc are both American multinational e-commerce corporations, providing consumer to consumer & business to consumer sales and services via the Internet, but with fundamental differences at grassroots level.
At first glance, Amazon or eBay seem to be of general mutual benefit, for eCommerce store owners who can sell products to the individuals, and individuals can sell product to others online.
On closer inspection, the mutual benefits still remain in place, but the working reality is far more complex than at first sight.
Success depends on a lot of variables, marketplace strategy, fees and restrictions, types of product for sale, category competition and so on, that all need balanced consideration, ignoring any of these fundamentals may lead to boom for some and bust for others.
Both Amazon or eBay are of course detrimental to any business with a plan for building a brand.
Amazon and eBay are only interested in building their brand, neither have any interest in helping you build yours, regardless of what they say. At any moment Amazon or eBay could decide to make a terms or operational change that could render your business obsolete, you may be out of business the next day. Investing in a business based upon the whims of a third party that has no interest in your success is a recipe for disaster.