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Book Review: The Perfect Store – Inside eBay by Adam Cohen

By Yaro Starak
12 Comments

The Perfect Store: Inside eBay by Adam CohenThe Perfect Store – Inside eBay
by Adam Cohen

Amazon: From its beginnings as a hobby site on a Silicon Valley PC, to its maturation as a real company under the burgeoning fiscal pressures of cyberspace, to its present status as one of the few original e-business practitioners to survive the dot.com implosion, eBay has always been part of the crowd while managing to stand out from it. Cohen helps us understand why by taking us inside the heads of major players like Pierre Omidyar, the co-founder who imbued his site with a Libertarian philosophy responsible for its heart and soul, and Meg Whitman, the seasoned manager who brought business savvy and a Harvard MBA to its roller-coaster world. What helps make the book so readable and informative, though, are Cohen’s accompanying observations of the many other people and events that also helped eBay develop its trademark direction and characteristic personality: the company that formulated its distinctive logo, the Kansas City clothing-iron collectors whose pastime was transformed by the upstart Web site, the quirky listings that generated controversy (and publicity) like the one in 1999 for a “fully functional kidney,” even detractors who decry its big-business underpinnings. Fans of the site, along with students of the online world in general, will find Cohen’s account both instructive and enjoyable.

Review

This book is amazing. It’s by far the most inspirational book on web business that I have ever read. Besides being a great story which is now a part Internet folklore, the eBay journey provides many lessons for any person starting up a web business. If you want a great e-business story, rich with unique characters and personality, this book is for you. If you are a fan of eBay, the culture and the community this book is for you. If you are an Internet entrepreneur, and you want to learn from one of the biggest success stories online, this book is for you.

Pierre Omidyar the french American that built eBay became, at the time, one of the top 10 richest men in America when eBay did their IPO on the stock market. His share of the business was valued in the billions of dollars. Much of eBay’s upper management became billionaires and many of the staff millionaires. Omidyar commented that the amount of money he had was impossible for one man to ever conceivably spend in a lifetime, even all of his friends and family combined probably couldn’t spend it all. During most of this time he kept driving around his beat up old VW Volkswagen bug. Classy.

Full credit must be given to Adam Cohen the author of the book. The story is complete and meticulous in detail without being boring or repetitive. What made it even better were the little side stories interspersed within the main eBay history. He recounts tales of business that formed as a result of eBay, other websites and communities that developed to discuss eBay matters and even a story of how eBay staff entered a third world village to set up the equipment to allow the locals to sell their gift-wares on eBay. Mr Cohen carefully goes through every stage of business development, discusses all the important characters and explains all the major events. It’s a top class book that I enjoyed from start to finish.

The eBay story is very relevant to anyone that has a web business, or even just a website. We all want lots of people to visit our site and dream of becoming rich as a result of e-commerce. The eBay story starts out just like this – a guy sitting at home that builds a website that allows people to auction items. EBay started in the golden “untapped” early days of the world wide web when the concept of online auctions was new. Because of simplicity, first mover advantage and the addictiveness of online auctions eBay spread like wildfire mostly through viral networks – friends telling friends about a cool new website. In fact the site was so successful many times it buckled under the sheer demand and popularity. A unique and enviable position to be in when starting a web business or any business for that matter.

This book tells a great story about what can be accomplished online when you have a simple idea that just works. It clearly demonstrates the human aspect, detailing the characters and motivations behind the business and what they did well and did not do well. It outlines the challenges eBay faced at each stage of growth. It provides practical insights into the marketing methods that eBay employed. It outlines what happens to an organisation as it grows from a two person start-up business to one with hundreds of employees, shareholders, a board and an executive management team. It talks about the mistakes made along the way. It outlines the techniques and methods that had the most impact on business growth. As you can imagine, all this information is extremely valuable for any person interested in succeeding at online business and entrepreneurship.

I highly recommend this book.

Rated 4.5 / 5

Yaro Starak
eBay Fan

About Yaro Starak

Yaro Starak is the author of the Blog Profits Blueprint, a report you can download instantly to learn how to make $10,000 a month, from only blogging 2 hours per day. You can find Yaro on Facebook, Twitter and .

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12 Comments

  • I read it: Easy to read. Simple language. Nice story but you shouldn’t forget that they probably had quite some luck.

  • My gawd yes, they would have had bucketfulls of luck, but most successful business do. They also got in first which was a huge thing in the online auction industry.

  • Ben

    Thans for the review, Yaro. I’ve had this book on my list for a long time, now I think I’m going to read it soon.

  • No worries Ben, I’m fairly certain you will enjoy it if you like Internet business. Are you in business?

  • Ben

    Hi Yaro,
    yes, I’m going to put my internet business online soon. My dream is to have a purely web-based business that would allow my to work from any place I wish. I’m convinced that this is possible, especially with all the help guys like you provide :)

  • [...] net history into a desperate struggle for survival. Review Ever since I finished reading The Perfect Store – Inside eBay by Adam Cohen I& [...]

  • I like your site and especially your review of “The Perfect Store – Inside eBay”. I couldn’t agree with you more. My entire site is focused around the eBay auction engine. It has allowed me to participate online with auctions in a way I never could before.

    Not only is eBay an innovative leader, they are skilled at creating opportunities for millions of people everyday. Thanks again for your insight.

  • Yaro, Thank you for your frank and straight forward review of one of the most popular phenomena online…ebay and it’s effect on others and their styles. I couldn’t agree more and it has convinced me to read the book.
    Thanks for all of it!

  • Does anyone know where we can get a hold of this book?

  • [quote=fin212] Does anyone know where we can get a hold of this book?[/quote]
    I would think that amazon.com would carry it. They carry almost everything. If not there, just google the title and see what comes in terms of book stores.

  • Wow, I just stumbled upon this post through a newer post and I’m glad I did. I love these kinds of stories and this sounds like a great read. Thanks!

  • [...] me, the eBay story, related in the book The Perfect Story by Adam Cohen was one of the most exciting, because the idea was so [...]

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