Business: Entrepreneurship - Essay Example

y craigslist helps people in finding jobs, buying products, selling products, advertising, finding soul mates, networking, providing or using services, and even gives a forum for discussion. The website gives you an advantage to search in your country or region. In these 15 years its business has tremendously grown to many countries. Interestingly the company has no more than 35 employees working. Entrepreneurship on internet is far easier than the traditional business setup. It gives a lot of advantages to the business because of the low cost, high interaction with the customer, and fast business dealings. (Gundry) For craigslist, internet was not booming at that time.

In 1995, e-commerce and e-businesses were not very common. People were not yet very familiar with websites that can give them information regarding the events happening around them, can help them post jobs or find jobs, can provide a platform where they can advertise even their cats! This all happened to be craigslist advantage as the idea clicked peoples mind and it was the first mover in the industry. There are many advantages that Craigslist got being an e-business and which contributed to its success.

First of all there was a very minimal cost involved in the business. All Newmark needed was a website, a server, and a few employees. This is true even after 15 years in business. Secondly there was no competition when he entered, and he could easily enter the market. In e-business you can reach a huge population very easily. Thirdly, the business could reach other cities, regions and countries easily because it was online! Craigslist became popular very easily among people. It did not specifically target any single market, it targeted anyone who needs to sell, buy or communicate through a platform on internet.

The website has billions of page views each month from all over the world. The biggest reason for its popularity is that most of the job postings, sales that you do are for free. As