Analysis Of Online Auction Site Ebid Information Essay

Ebid is one of the most popular auction sites on the web. In fact, it ranks as number two right after Ebay which comes as the first one on the list. It was created back in 1998 in the United Kingdom and has been a huge hit ever since that time. And in this article, I will analyze this site from different angles. Target audience There is no one specific target audience of Ebid. The auction site is open for people from more than 100 states to buy and sell products at whatever price they find suitable. They work with customers and companies from New Zealand, Austria, Norway, Belgium, Italy, USA, UK, Spain, Sweden, South Africa, India, etc. To start selling and buying things at Ebid one has to register with the system. The process of registration is quite simple, though additional details might be requested for individuals willing to have a particular membership level on the site. How it works and its benefits The principle behind this site is quite straightforward. Customers are allowed to post items for sale as well as seek what they need on the website. They can interact and get in touch as there is no particular person in between them. So, whatever one finds for sale on the site, he is allowed to purchase as long as the conditions and price are suitable for both sides. This is the first benefit of this auction site. The second one is that since people are trying to have their products sell they are more willing to lower prices. So, one can get what he needs at lower rates. The third benefit is that Ebid has an extensive list of categories one can sell and buy items at. It is hard to find a product you cannot purchase on Ebid. The owners of this site strive to do their best to make it a platform attractive for businesses of all kinds. Another advantage is that the system is entirely transparent. One will not find hidden costs, so there is not the reason to worry that extra fees will be applied to his purchased. Considering the fact that some sites have them, transparency is Ebid’s advantage. Finally, it works around the clock. So, no matter where you come from, you can easily participate in the interrogations. This advantage is definitely huge, given that people now have to deal with time barriers all the time. As an answer to globalization process, Ebid offers unusual conditions for good deals. Ebid revenue Being the second biggest auction site, Ebid has quite an impressive revenue too. According to the official data, the company got around 684,000 USD in 2014, and that number grew significantly since that time. The price of the whole company was estimated to be around 1,3 million USD which is an incredible number for a business in this niche. Most of their revenue they get from subscription fees as well as the percent of the deals made on the website. For instance, there is a chance to get SELLER+ Lifetime membership only costs 49,99 EUR. That is only one option, and all such fees collected together add up to a real revenue the site makes. From everything we said above, it is clear that Ebid is a great auction site with stable income and beneficial offers. It provides its users with conditions which make trading and buying experience pleasant and smooth. Moreover, they even have an exclusive payment system developed which makes the process of paying even simpler than ever. Thus, one can pay through online banking offered by Barclays. Ebid is truly a fantastic choice for buying things online.