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Essay / Research Paper Abstract
This 3 page paper looks at why eBay is such a popular business, especially with those over the age of 55 wanting to make a part time income. The bibliography cites 1 source.
Page Count:
3 pages (~225 words per page)
File: TS14_TEebaybuis.rtf
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Unformatted sample text from the term paper:
that are in place for setting up traditional bricks and mortar businesses are absent. The initial set up can be a single item to sell, the business people attracted can
start small and then grow, with few barriers to entry or exit and the lack of any need for start up capital this also increases it attraction. It is also
a business where disintermediation may benefit those who do not have the business patter charisma. In terms of customers there is a very open market, there are few regulations
and there is an empowerment of the individual, they can feel they will get a bargain as they are do not perceive the payment of large overheads. There is also
the excitement of an auction model, this can also prove addictive and fun for those who buy goods in this way, which results in increased repeat purchases. Question 2
There are reports of large number of people in the age bracket of 55 plus that are using eBay as a business opportunity. This may be seen as a particularly
suitable for this age group due to the flexibility it offers (Mangalindan, 2005). At this age group there are increasing numbers of people retiring early who need an extra income.
The ability to buy and sell goods in eBay gives a high level of flexibility; they are fully in control of what they do and how, they can work a
few days or all week, take time of when they want to and create a very comfortable income if they are able to plan carefully. There are also many barriers
in place to getting a good flexible job or starting up a hew business at this age, the commitment may be too great for the alternatives and this is also
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