This is the third of the three ideas I had committed to share in response to Gbenga Sesan’s challenge. The whole ideas thing came out of my Clone Wars series where I had claimed that there are enough local problems to use technology to solve rather than creating copies of technologies that don’t necessarily solve anything. I seriously love Twitter, but it doesn’t in and of itself solve any problem. However, a whole slew of things have been built on top of it that solve a variety of problems.
On to today’s idea. EBay is one of those unique web-based businesses that was profitable from day one. EBay’s original business required very little infrastructure because what it did was connect buyers with sellers and take a cut of the transaction for providing this connection. This brokerage model is an excellent one that many have tried to replicate the world over.
