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Evaluating Our Potential Business

How Ebay works

buyer receives product

seller ships product

seller recieves order & payment

buyer orders product and makes payment by CC

buyer sees product online

Risks

Nigerian Scams

Fake credit card details

Things to take note

Subtopic

Cybercrime

Methods of Payments

Bank Transfers

Accepting payments by PayPal

Supply Chain

Inventory

Keep count of stocks on hand

Product Shipment

Delivery Services provided

Benefits of doing Business Online

Freelance

Fast and efficient

Having immediate access to our business 24/7 anywhere

Ability to sell and buy across borders

Easier for customers to buy goods with just one click of their mouse

Cheaper as it does not require physical Store

Security Measures

Setting up a virtual place

Develop a Marketing Strategy by constantly updating info

Setting prices and details for our product

Set Payment and Shipping Options

Credit Card registration with Ebay and PayPal

Designing our webpage

Uploading of product photos

Registering on Ebay & Paypal

Taking photos of our product

Indentify our Target Audience

Budget of our business

Start an online store on the auction website eBay