Ming the Mechanic:
Success factors from eBay

The NewsLog of Flemming Funch
 Success factors from eBay2006-03-19 00:18
22 comments
by Flemming Funch

From Ross Mayfield, Pierre Omidyar, founder of eBay, outlining what he regards as the most important success factors:
Access: open access, level playing field, transparency, equal access to information are attributes of any environment with positive outcomes

Connection: enabling individuals to connect and interact with one another. Market solutions, collaboration and wisdom of crowds.

Sense of ownership: skin in the game lets individuals feel there is an investment required to participate and accountability (e.g. reputation systems).
(Via The Obvious)


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22 comments

19 Mar 2006 @ 06:53 by FreedomBuilder @70.162.89.55 : Of course...
The 12 Principles of Community! (scroll down the page) The question is: What implements these principles (those of Ebay) everywhere?  


25 Mar 2006 @ 09:39 by RobM @84.150.62.116 : Rationalization in hindsight
Ming, this is just rationalization again (in my opinion).

That was *not* what made eBay a success, or what makes other "ventures" a success. eBay was never designed according to that principles, it was designed according to a feeling or plan.


Everyone approaches the problem differently:

* Why do I need Google? Google answers my queries, I need information.
* Why do I need Ebay? I need to know about the people who provide what I need, I need information.
* Why do I need Amazon? I need a thing, but the line between thing and information is, and in some cases has blurred. In the end I just need: information.

It's all the same problem.

I want Wikipedia in my head.
I want Google & Google maps in my head.
I want SexSearch in my head.

I simply want to know, and act on accurate information. The "openness" of some provider doesn't help me here. I need nakedness from everything to everything.  



8 Apr 2006 @ 12:59 by jazzee1210 @62.215.3.77 : Neglect
Ebay is montrously HUGE that even me got stuck in failed re-registration for more than 6 months and even Ebay is ruthlessly not doing anything at all. Just expect no mercy for non-USA bidder/member. Hell no sour grapes. Its just corporate baloney.  


18 Jan 2007 @ 23:56 by online auction @74.236.111.55 : Information?
"Why do I need Ebay? I need to know about the people who provide what I need, I need information."
No, I believe that by going to eBay we are looking for a commodity rather then information. By looking for a products we find information about the products and people that sell it.  



19 Jan 2007 @ 11:33 by online-auctions @213.208.70.99 : and information about sellers
yes i agree, on eBay auctions you will not find information about products but opportunities to buy them. I agree though about finding information about the sellers, see who you can trust or not.  


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