question archive Explain the Revenue model of an online marketplace eBay
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Explain the Revenue model of an online marketplace eBay
With revenue model of an online market place eBay, is similar to websites as it eBay offers a buyer as well as the seller an online market place platform to buy and sell products, thus ebay do not store the inventory of products rather directs the order directly to the seller. However, with ebay model, it allows sellers to list first 50 products on the online marketplace platform free of cost, hence online market place Ebay offers offer two ways to sellers to sell and buyers to buy wide variety of products, like for instance, buy it Now and bidding option are made available to users. Therefore, EBay sells advertising on their websites which go on external websites, as well eBay owns some classified ads which generate some revenue for the online marketplace platform. Online marketplace like for instance EBay generates revenue from various sources but the major chunk of revenue comes from online marketplace