Lillie

After the emergence of e-Bay, I think many believed it was safe to finally coin the term; e-commerce. The idea that users generate the content was not revolutionary, but the fact that users were buying and selling items with almost no interaction other than from other users wasn’t easy for many people to understand. Omiydar made ingenious advances with his site, setting up forums so users could comment on one and another performances and also created a feedback system to further remove the company from regulating the site. In Lillie’s article I think that most other of the complaints from user’s came from the premium they were forced to pay in order to buy and sell. One of the most interesting things I read in the article was how people were amazed at the e-commerce business model Omiydar had created. Removing his company from regulating the site allowed for fewer employees, maximum revenue, and more time to develop auctioning software. The only criticism I have is when bricks and mortar stores are selling the low quality goods at discount prices and eBay is selling equivalent goods at the higher prices, something has got to give. For instance If Omiydar was to give his top 100 grossing users a discount on the premium fees in exchange for regulating prices and quality of goods, I think the “community” would greatly benefit.