22/01/2021
BRIEF DETAILS ABOUT CHYMALL e-Commerce BUSINESS...*
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*Sairui Mall presently called CHY MALL has it roots since 2008 in china, but hit the African mkt 2016 first in Accra Ghana and last year in Nigeria and other parts of the world*
*Chymall business is not a Ponzi scheme, it is an e-commerce business that operates on the concept of NEW RETAIL...*
*WHAT IS E COMMERCE?*
*E commerce means electronic commerce and it's the 21st century business that allows you to sell goods and services online....
*It is exactly just like having your own physical shop and selling your goods to your customers daily, weekly, monthly...But the only difference is that in e-commerce you sell online (using phone or laptop and having Data and internet access.
ADVANTAGES OF ECOMMERCE BUSINESS...
1.You don't have to pay shop rent...*
2. You don't have to pay light or water Bill...*
3 You don't have to employ anyone to assist you with the daily activities physical shop demands..*
4 No risk of hazards like ; Fire ,Flood, Theft,etc..*
5 you control your business with ease with your gadget and internet..*
6 You don't even have to quit your regular Job...*
7 You schedule and manage your working hours..*
8. You work at the comfort of your home... meaning you can work while on your couch,Bed,etc*
9 You can work on the move, even while on vacation, meaning shop is not closed because you travelled unlike physical shop...*
10. Finally you are in total control of your time, finances, movements and your Life...You are your own Boss.
NOW LET'S LOOK AT THIS REAL LIFE SITUATION.
✅I have decided to open a shop
✅The first thing I need is a shop (an empty one)
✅This shop alone cannot earn me money, so I need to stock up the shop with products or goods
✅Depending on the size of the shop, I used $1000 to buy products and put in there
✅At the end of a period (say 10-12days) all my goods were sold and therefore I realized my trading capital ($1000), 5% profit (say $200) depending on the size of the shop.