Businesses now conduct business online thanks to the development of computers and the Internet. Technology is used by many multinational corporations to market and sell their goods. Leaders in the e-commerce industry, Amazon and eBay are two examples of these businesses. Although both businesses employ online resources to accomplish their objectives, their business models are different. Amazon sells directly to customers, but eBay employs technology to match sellers and customers through an auction mechanism. The utilization of cloud computing is, nevertheless, very comparable. Although Amazon develops the service internally and even outsources to other customers, eBay receives cloud computing from a third-party service provider. The applications of artificial intelligence by the two companies vary. While Amazon uses the idea to gather data for decision-making to improve the quality of items and services supplied to customers, eBay uses it to connect sellers with the appropriate buyers.
Comparing and evaluating Amazon vs eBay
Beginning and Background
Through an electronic commerce (e-commerce) platform, a vendor and a buyer can communicate with one another instantly. The introduction of the Internet has made the development possible. The e-commerce industry has expanded tremendously in the past and is still growing now. For internet marketing and sales, several businesses are building platforms. Because of their various strategies, these companies are able to reach millions of consumers both locally and internationally. E-scope commerce’s has made it possible for companies like Amazon and eBay to dominate their respective markets. The conventional business model is rarely used by these businesses. Instead, they operate on internet platforms in order to meet their corporate objectives. Although eBay and Amazon dominate the e-commerce market, their strategies are similar in many ways. However, there are some clear differences, such as the use of different business models to maintain an online presence, as well as some obvious similarities, such as the use of an online platform to market their products.