OLX
ON LINE EXCHANGE
(where buyers meet sellers)
ASHU GARG
HARLEEN KAUR
INTRODUCTION
• OLX is the next generation of free online classified.
• OLX is a global online market place where you can sell and buy any used
or second hand things to/from all over India.
• It was founded by Alec Oxenford, Fabrice Grinda in March 2006.
• CEO of OLX is Amarjit Singh Batra.
• OLX is present in 105 countries and has more than 100 million visitors.
• OLX is now owned by global media and digital company NASPERS.
• OLX India is spread over 1000 cities across in India.
FEATURES
• Customer registration is free and can easily sign up.
• Advertisements are free and can be posted in seconds.
• Sponsored Ads feature for better exposure of ads.
• Great diversification of classified ads under 11 categories.
• Facility of using this app on mobile.
• Variety of Languages.
FEATURES (contd.)
• Wider Audience.
• Inuitive User Interface.
• Easy to create advertising.
• Product Variety.
PAYMENT METHOD
• ATM/Debit Card.
• Paypal.
• Credit Card.
• Gcash.
Technology used by OLX
OLX Technologies
Apache - Web Server
UltraDNS neustar - DNS services.
Dyn - Email Services.
SPF - Sender Policy Framework is an open standard specifying a technical
method to prevent sender address forgery.
Google Apps for Business - Web-based email, calendar, and documents for
teams. Now known as Google Apps for Work.
UltraDNS neustar Hosting - Enterprise data hosting services.
Akamai Hosted - Data network CDN provider.
Ubuntu - Server.
jQuery.
HOW DOES OLX WORKS ?
• A Parallel system for customers.
• Sellers can upload pictures.
• Sellers decide the price of their product.
• Buyers can browse through the listings.
• Buyers can negotiate directly with the buyer.
• Not a liaison but a catalyst.
Where does the Revenue come from?
• Google Adsense.
• Google custom search engine.
• Featured Listings.
Business Model of OLX
If we break up the OLX business model into parts, here’s
how it functions:
The Business Model of OLX is actually scale-dependent
The website acts as a classifieds portal where customers can
buy and sell goods
OLX spends large amounts of money in order to garner more
and more user traffic and greater frequency and number of
listings
The high traffic is put to use to earn revenue by monetizing the
number of clicks and searches
Security
• Secured socket layer ("SSL") technology is used for
processing payment transactions with third- party service
provider partners, such as PayU, PayPal, and DineroMail.
• Unique customer password and user ID.
• Mandatory verification of Mobile number.
Future Scope
• Online trading of New products.
• Can increase the number of categories.
• Can add the option of fair-price.
Olx

Olx

  • 1.
    OLX ON LINE EXCHANGE (wherebuyers meet sellers) ASHU GARG HARLEEN KAUR
  • 2.
    INTRODUCTION • OLX isthe next generation of free online classified. • OLX is a global online market place where you can sell and buy any used or second hand things to/from all over India. • It was founded by Alec Oxenford, Fabrice Grinda in March 2006. • CEO of OLX is Amarjit Singh Batra. • OLX is present in 105 countries and has more than 100 million visitors. • OLX is now owned by global media and digital company NASPERS. • OLX India is spread over 1000 cities across in India.
  • 3.
    FEATURES • Customer registrationis free and can easily sign up. • Advertisements are free and can be posted in seconds. • Sponsored Ads feature for better exposure of ads. • Great diversification of classified ads under 11 categories. • Facility of using this app on mobile. • Variety of Languages.
  • 4.
    FEATURES (contd.) • WiderAudience. • Inuitive User Interface. • Easy to create advertising. • Product Variety.
  • 5.
    PAYMENT METHOD • ATM/DebitCard. • Paypal. • Credit Card. • Gcash.
  • 6.
    Technology used byOLX OLX Technologies Apache - Web Server UltraDNS neustar - DNS services. Dyn - Email Services. SPF - Sender Policy Framework is an open standard specifying a technical method to prevent sender address forgery. Google Apps for Business - Web-based email, calendar, and documents for teams. Now known as Google Apps for Work. UltraDNS neustar Hosting - Enterprise data hosting services. Akamai Hosted - Data network CDN provider. Ubuntu - Server. jQuery.
  • 7.
    HOW DOES OLXWORKS ? • A Parallel system for customers. • Sellers can upload pictures. • Sellers decide the price of their product. • Buyers can browse through the listings. • Buyers can negotiate directly with the buyer. • Not a liaison but a catalyst.
  • 8.
    Where does theRevenue come from? • Google Adsense. • Google custom search engine. • Featured Listings.
  • 9.
    Business Model ofOLX If we break up the OLX business model into parts, here’s how it functions: The Business Model of OLX is actually scale-dependent The website acts as a classifieds portal where customers can buy and sell goods OLX spends large amounts of money in order to garner more and more user traffic and greater frequency and number of listings The high traffic is put to use to earn revenue by monetizing the number of clicks and searches
  • 10.
    Security • Secured socketlayer ("SSL") technology is used for processing payment transactions with third- party service provider partners, such as PayU, PayPal, and DineroMail. • Unique customer password and user ID. • Mandatory verification of Mobile number.
  • 11.
    Future Scope • Onlinetrading of New products. • Can increase the number of categories. • Can add the option of fair-price.