EBay: A Potential Platform For Brands?
2011, May 19
For 15 years, eBay.com was known as an
auction site. But it wasn't just an
auction site. Customers have been logging on to the site for first-hand
products as well, buying straight from retailers. Pushing itself to formally
adapt to being an e-retailer, eBay is marketing its 94-million-strong active
user-base to brands.
BMW is the first brand to utilise eBay as a
retail partner, selling automobile parts and accessories under BMWDirect on
eBay UK.
According to BMW, this move comes as they want
their consumers to have the
comfort of buying car parts online rather than going to the showroom; eBay
itself receives 600,000 searches every month for the automobile company. Along
with car parts and accessories, BMW will also be selling merchandise on the
website.
This move, for eBay UK, is being
touted to all brands in an effort to strengthen their business activities by getting
more brands to advertise and market their products on their website. But this
is currently in UK; online
shopping is a huge market in India
too to invest in and brands would want to seize this opportunity. The Internet
And Mobile Association of India (IAMAI) has estimated the ecommerce market size
to be worth a whopping Rs.31,500 odd-crore in 2010, and has predicted a 47%
growth in 2011. This could be a major breakthrough if eBay makes use of this
opportunity and brands would definitely benefit considering India's growing internet-enabled
population.
Have you made purchases online? Are you a
frequent e-shopper, or do you need to feel a product before you buy it? Let us
know in the comments below.



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