Part of eBay's Success is From Reputation Management

On eBay in December 2009, a woman auctioned offthe eBay website so that other members can decide
the copyright for a never before seen four minutewho they can trust. There are three possibilities a +1, -1,
home video of Marilyn Monroe smoking a joint. Rareand 0. Negative feedback is given for issues such as:
items like this that have been left up in the attic forlate shipping, non-delivery, or non-payment. This
decades are available to millions of people through anreputation system assigns a reputation to all the
online auction. However, some purchasers mayparticipants.
question the trustworthiness of the seller. How canWhether or not this trust is reliable is questionable.
purchasers decide if the seller is trustworthy?There are benefits from the Feedback Forum, but this
Reputation Management systems determinesystem does not provide any real protection against
trustworthiness. The online marketplace, eBay, wasfraudsters. Most users are very reluctant to receive
founded in 1995 and started out trading things like Peznegatives ratings. In many cases users go to extreme
dispensers. Since then it has moved to selling largerlengths to avoid them. The success of an eBay trader
items like electronic garages available to millions ofdepends on his or her virtual reputation. Hence, earning
people around the globe. What is it that has contributedand maintaining a good reputation is vital.
to this company's great success? Part of the secret isKnowing the importance of positive feedback,
in its reputation managementfraudsters can blackmail traders to perform acts they
The feedback reputation forum induces trust betweenare not legally obliged to do. After winning a bid, a
internet buyers and sellers. The highest bidder wins thefraudster can, for example, deny the receipt of an item
auction and the winner and seller complete the deal.and threaten the trader with negative feedback unless
After every deal made on eBay, members can ratethe seller fully reimburses the fraudster. Results of the
others' performances. A member's profile shows theeBay reputation management system show that
rating and comments. Some eBay users creategenerally buyers and sellers are honest, but there are
fantasy names for their identity, likestill abuses.
"shellylovesshopping". This fantasy ID is all that theA more elaborate and more highly developed
seller sees.reputation management system is needed in order to
After every transaction these ratings are published oncreate a trading environment that is truly safer.