Fran Gift Economy

Introduction:

Gift Economy is seen on eBay because people exchange information through content, web pages, posts, discussion boards and video. With more than 100 million active users globally, eBay is the world's largest online marketplace, where practically anyone can buy and sell practically anything, starting with the gift economy. eBay connects a diverse and passionate community of individual buyers and sellers, as well as small businesses free in the gift economy. Internet Commerce has been impacted by the gift economy because there was $62 billion turn over in 2010, more than $2,000 every second. Gift, exchanging of free information is greatly seen on eBay making it an important part of the companies Internet commerce for gifting is seen before any money is exchanged.

Creative Commons:

Gift economies are demonstrated by the exchanging of stories through video. eBay allows for virtual gifts to be wired to other users and this could be in the form of video and Creative Commons. The selling of homes may propel one to use old footage to help with the sale. Creative Commons is the use of old media to make new media. This has helped users sell their homes through eBay. Creative Commons is not usually used for economic gain it is used from non profitable creativity. (Lessig, 2010) However a user has used it for economic gain on eBay, and it worked, because bids went from $16,200 had increased to $18,600 in one day. (Makovsky, 2012) This was more offers and traffic to the property than before in comparison to agency selling. This was shown on an eBay advertisement for the Green Acre home. http://www.youtube.com/watch?v=Mbk81X6WHA4&feature=player_embedded Gifts like video to other uses, tied with buying and selling through in has helped with Internet Commerce, making Creative Commons a fundamental tool for users of eBay.

Community:

Gift economy and Internet Commerce is based on how one shares information. (Veale, 2003) Posts, advertisements and communities exchanging information, are all forms of gifts in Internet Commerce. The content is free, therefore it is a gift. eBay allows for Classified Ads that connect buyers and sellers, who then complete the sale outside of eBay. You'll see "Classified Ad" in the listing and search results. This service is free, and payments, exchange of goods happens outside the virtual space of Ebay. One can also subscribe to the Answer Center where fellow members ask questions about buying and selling on eBay. You can also share tips and information that you feel will be useful to fellow members. Each thread is limited to 10 replies, to keep responses focused and concise. Answers may be rated for usefulness by the member who asked the question, or other viewers who found the information helpful. There are also EBay's discussion boards where people meet other members, get advice, and share information. These gifts are essential for Internet commerce because it brings people together in a community, creates value by connecting us, reducing costs in the transmitting of information. (Liebowitz,2002).

Production, distribution and consumption without money and material wealth:

Reciprocity, exchanging things for mutual benefit rather than money.
With more than 94 million active users globally collaborating in a virtual space, the gift economy may also be seen with a simple thank you exchange.(Viale, 2002) It costs nothing to thank someone or partake in politeness. eBay is the world's largest online marketplace enabling folks around the world to buy and sell a world of goods. However before a tangible product is exchanged people are connected through the gift economy by exchanges of politeness. A community of buyers, sellers, and small businesses are impacting the Internet Economy by these free gifts because in 2010, the total worth of goods sold on eBay was $62 billion. On average more than $2,000 every second. So gift exchanges without material wealth are fundamental for Internet commerce because $62 billion is a prosperous pay packet as a result.

Voluntary Payment Methods:

Gifts on eBay are also seen if one bids with other buyers to get the best deal. A bid is a free gift given to the seller by many, allowing the bidders to watch the item and see how the bidding is going. When the listing ends, the highest bidder wins the item and completes the purchase. When one volunteers a bid, knowing they may not get a return the exchange is valuable because payments made voluntarily are a valuable extension of the gift economy. (Veale, 2005) Another form of volunteering on eBay is known as trading assisting. Trading Assistants work without being payed, and are experienced eBay sellers in your area who will sell your items for you on eBay for a fee. By hiring a Trading Assistant, you can take advantage of their selling expertise, save time and effort, and still reap the rewards of selling on eBay. Trading Assistants voluntarily the work frothier users, by listing items, answer customer service inquiries, to collecting payment and shipping the item to the winning buyer.

Conclusion

eBay is the world's largest online marketplace, where practically anyone can buy and sell practically anything, starting with the gift economy. The gift Economy is seen on eBay through content exchange, web pages, posts, discussion boards and video. With more than 100 million active users globally, eBay connects individual buyers and sellers, as well as small businesses free in the gift economy. Internet Commerce has been impacted by the gift economy because there was $62 billion turn over in 2010, more than $2,000 every second. Gifts, exchanging of free information and services is greatly seen on eBay making it an important part of the companies Internet commerce.

References:

Leibowitz, S.J. (2002). Basic economics of the internet from Re-Thinking the Network Economy: The True Forces that Drive the Digital Marketplace. New York: Amacom. (pp. 9 - 24).

Lawrence Lessig (2010) Talk on “laws that strangle creativity Retrieved from, http://www.ted.com/talks/larry_lessig_says_the_law_is_strangling_creativity.html

Makofsky, S. (2012) Creekside California Real Estate. Retrieved from. http://ebay-stories.com/

Veale, K.J. (2005) First Monday, Special Issue #3: Internet banking, e-money, and Internet gift economies. Retrieved from. http://curtin.edu.au

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