content top

Craigslist.org vs. ebaY.com

Both of these websites can be used to sell possessions on-line, but the important question is which one is better to use for the seller of goods? The reason most people sell items on the Internet is because it is often easier than selling something to a consignment store and there are more opportunities to find people who will demand your product, raising the price, and generating more profit to the seller. People want to sell their items on a website that is either free or doesn’t cost them a lot of time to sell something. E-bay.com allows your item for sale to be viewed by millions of people everyday. You can decide how long to leave the item up for sale and transaction costs are relatively easy because once an item is sold all you need to do is collect the money from the buyer and ship them the item. If you have a lot of items to sell you can open an E-bay store but this costs money. If money is tight craigslist.org seems to be a wiser choice. You can open up a free account anytime. After you have an account you simply enter in what geographic location you are from and categorize what your item falls under. While you may have to do a little more marketing with your ad, it is worth it in the long run. You can post your classified ad URL in the bottom of your emails, message boards, or pass it along in your email lists to friends and family. Also if your item is near enough to somebody, they might even come pick up the item without you having to take care of shipping responsibilities. Craigslist.org is thus becoming more locally centered while E-bay is more international.

Read More

The Evolution of YouTube: history of the world's fasting growing website!

YouTube was founded by three former PayPal employees who realized the need for a decent service that made the process of uploading, watching and sharing videos hassle-free. The story goes is they were at a party and video-taped a clip they wanted to share with their friends but didn’t know how to share it. Thus they created a website that would solve this problem, so they saw a need and fulfilled it. They registered the domain YouTube.com on February 15th, 2005 and developed the site over the following months from a garage in Menlo Park. In May 2005 they launched in a public beta, and in November, YouTube made its debut with an $3.5 million of funding from Sequoia Capital.

To start, these entrepreneurs had great ideas for how to attract people to the site initially. To get a decent start and attract the initial crowd they were looking for — teenagers, college students, hobbyists, film-makers — they came out with a contest that promised to give out one iPod Nano to a random member each day, which ran for two months. This contest worked on a point-based system, for example one point was rewarded for signing up, one for inviting others, another one for posting a video, etc. The more the points you gained, the higher the chance of winning you had. This was a significant action that got YouTube noticed by the masses and gave it a headstart as per the signups.

The result of these entrepreneurs hard work was becoming the world’s fastest growing website: YOUTUBE.

Information for this blog was found at:

http://entrepreneur.com/worklife/successstories/ebusinessprofiles/article168764.html and

http://www.rev2.org/2006/10/02/youtube-the-complete-profile/

Read More

A look into the history of social networking

Social networking used to be much more difficult than it is today. Before the Internet people used to rely on face-to-face interactions and building a social network strictly based upon who they knew and further who their friends knew. When the Internet came about that changed everything and it became much easier to build a social network. There were many ways to network on-line including the friends list on Instant Messenger, blog sites, and Napster or other peer-to-peer software. The term “social networking” wasn’t used to describe these forms of communication until the invention of Friendster in 2003 which was the first friend-based site used for dating relationships. Friendster has coined the phrase, “What you need, when you need it” and expanded to use many other forms of social networking such as travel, entertainment, and electronics. Other major friend networking sites include: MySpace, Facebook, and eharmony.com. There are also sites for business networking including: monstertrak.com, ecademy.com, and MediaBistro.com.

Read More

Second Life-kind of creepy

I’m not going to lie, I have never heard about this “Second Life” website until we were supposed to blog about it, so here goes. Upon entering the website there are cartoon characters everywhere, portraying it as a make believe world where you can be whoever you want. It sort of looks bizare and like a game rather than a community where you are permitted to meet people.  I think this is sad when people feel they have to go on-line just to make friends.  These types of communities, in my opinion, are trying to take away part of the meaning of life which is building relationships with people.  I would have difficulty getting involved in any aspect of this website because frankly I find it to be creepy.  I’m not one who is much into video games and it seems that you would need to be a certain type of person to really enjoy and get use from this website.

Read More

The Kiva Concept

The set up of Kiva reminds me of child sponsorship in that a donor is matched up with someone who is in need. Organizations such as Compassion International and World Vision have set up child sponsorship programs so that you can communicate through letters and see progress on how the child is doing. Similar, Kiva offers that relationship between the donor and the entrepreneur to see how their business is coming along. It is also interesting to note that this is simply a loan the donor is providing to the entrepreneur, they get their money back in return, which is unlike child sponsorship. I think the Kiva concept is a great breakthrough for helping to alleviate world poverty. Overhead costs are lower with Kiva because they use e-mail as a form of communication between the donor and the entrepreneur. With child sponsorship there is always the cost of sending hand written letters, the time it takes to get there, even the initial package of information you receive in the mail costs money to send as well. Kiva conducts most of its business on-line to reduce these overhead costs. The cost to the donor is very low as well because they can expect to receive the loan back in 6-12 months. Kiva is also smart in that they partner with other micro-financing organizations to find entrepreneurs in need of a loan. These organizations are already set up and are just waiting for a company such as Kiva to come alongside and help them to achieve their goal to secure loan money for these small business owners in need.

Read More
content top