Page 177 - (DK) The Business Book
P. 177

WORKING WITH A VISION         175

        See also: Beating the odds at start-up 20–21   ■  How fast to grow 44–45   ■  The weightless start-up 62–63   ■  Creativity and
        invention 72–73   ■  The long tail 212–13   ■  M-commerce 276–77   ■  Feedback and innovation 312–13





               A seller in Japan can                   A buyer in India
               source and sell a blue,                wants to buy a green,
                customized widget.                    customized widget.




                                                                              You don’t need a
                               The Internet connects buyers
                               and sellers, and manufacturers               huge company, just
                               and suppliers; it acts as a global            a computer and a
                                       marketplace.                          part-time person.





              A seller in Poland can                  A buyer in France
               source and sell a green,               wants to buy a blue,
                customized widget.                    customized widget.




        understood that the pointer was   an auction service, eBay sees itself   Before the existence of the Internet,
        broken. The buyer assured him that   as in the business of linking users,   if someone wanted to sell their
        he was a collector of broken laser   not selling them things.     products, a physical presence was
        pointers. One year later, with two                                necessary: a store, market stall, or
        full-time employees, the soon-to-be-  Starting small              going door-to-door. Generally, the
        renamed eBay sold goods to the   Both eBay and Amazon started     bigger the presence, the more
        value of $7.2 million. By acting as   small, and their platforms have   successful the business. Success ❯❯
                                         empowered countless other small
                                         businesses around the world. Their
                                         pioneering use of the Internet
                                         changed the way that businesses
                                         and consumers interact, putting
           A business succeeds not       buyers and sellers in touch with
         because it is long established   one another in a way that had not
            or because it is big, but    been possible before. Amazon and
                                         eBay demonstrate the power of the
          because there are men and
                                         idea that “small is beautiful.”
            women in it who live it,
                                         Anyone can sell products from their
               sleep it, dream it.
               J. W. Marriott            platforms, from individuals selling
                                         unique items to “power sellers”
              US businessman (1932–)
                                         who set up virtual stores, either
                                                                          In the pre-Internet age, vast numbers
                                         within the platform or linked to it.
                                                                          of people were often necessary for
                                         In the online marketplace the same   administration. The combined power
                                         opportunities exist for every    of computing and the Internet changed
                                         business, whether large or small.   organizational structures forever.
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