eCommerce Tycoon

**mondex1** · 06-25-2010, 06:25 PM

I have been reading a lot about online businesses and I would like to share to you an article written by Exequiel Mondejar in eZine magazine.I hope it will help you as well his few tips on how to do business online.

Quote:

I have been in online business for quite long time. Though, there are already measures and accreditation made by some advocates to stop identity fraud in the internet, I would say that there are still clever people who use their ingenuity to gain and take advantage of the ignorance of some of our friends.
I want to share these basic things which I think could safeguard your transactions online. I also encourage people to share their thoughts so that we can help and protect people especially newbies by publishing other measures not mentioned herein.
1. Ask - Ask for their real name and their social networking membership like Facebook, Twitter, etc.
2. Research - If they cannot provide their social network membership, search their names by using search engine and counter validate it to the information they have provided to you.
3. Contact - If they have a website, try to contact the claimed website and submit an inquiry. If they responded to you, probably they are real people to transact with. But that is not enough yet!
4. Verify - You have to verify the reputation of the website by checking free tools showing the reputation and reviews e.g., alexa.com. There are also reviews available online in some instances.
5. Contract - In every big transactions where you can't afford to lose your invested time, effort and money, try to execute a contract. The venue and jurisdiction clause of the contract should provide the most convenient forum in your part. This will put you in the advantageous position to run after them in case court litigation may arise. Our states can help you run after them as almost all of the states adhere to the international covenant of contract. If your state lacks specific law in helping you to enforce your claim against a person located in another jurisdictions (which is a rare case), try to lobby the same before your legislatures.
However, the above mentioned content is not a hard and fast rule. There are of course a lot of measures depending on the nature of your online transaction. Nevertheless do not hold back from any opportunities that an online transaction can offer to you. You won't know, your missed transaction would have made a dramatic change to your life.

**lynxus** · 06-25-2010, 06:35 PM

OR get them to pay up front and give them a lead time on bigger services to make sure money doesn't bounce or get refunded.

**mondex1** · 06-27-2010, 02:56 PM

Quote:

Originally Posted by lynxus

OR get them to pay up front and give them a lead time on bigger services to make sure money doesn't bounce or get refunded.

Thanks for the suggestion. But sometimes, client don't like up fronts. I have experienced already that some potential clearly stated that the do not give up fronts. Do you think it would be best asking for partial payment after doing like 1/4 of the job?

**chrishirst** · 06-27-2010, 06:12 PM

Any client who isn't willing to pay a deposit or "up front" are the ones who probably won't want to pay when the job is complete either.

**Jim Gillum** · 06-28-2010, 01:59 AM

From 50 years of business.......
If they will not give a deposit.....walk.....
It does not matter who they are or how badly you may need the money.....
It is better to lose the business than to lose your time and effort and still get ....stiffed...

**mondex1** · 06-29-2010, 04:17 PM

Yes I totally agree with you guys. We have experienced a client who didn't pay us at all and it ends up we have to pay our labor force for the job she asked. But I am sure there are still some people out there who are willing to take the risk of getting no upfront just to have a project. After what we have experienced, we learned to ask at least 1/4 of the total price of the project. Better to get something than nothing

**Dreda** · 09-08-2010, 03:27 PM

I have been in online business for quite long time. Though, there are already measures and accreditation made by some advocates to stop identity fraud in the internet, I would say that there are still clever people who use their ingenuity to gain and take advantage of the ignorance of some of our friends.

**wiltekg** · 09-26-2010, 11:30 PM

I agree. Internet become a huge human database, we can explore someone's profile through google, facebook, forum or other social media. Very easy to find someone's track record. Nice tips...

**ThailandForum** · 09-26-2010, 11:39 PM

Money up front, you aint in business to fund other peoples businesses, well unless your a bank or something.

**Lorena** · 12-27-2010, 07:38 AM

Great information thanks for sharing. I really appreciated your professional manner of writing this thread.

**aleabby** · 01-03-2011, 05:18 AM

I am thankful for sharing such a great information.

**yuanyelss** · 01-04-2011, 02:46 AM

I am sure there are still some people out there who are willing to take the risk of getting no upfront just to have a project.

**maryparker** · 01-04-2011, 11:32 PM

Thanks for sharing the info and for putting up this thread. Some clients don't like up front approaches, and I have also been in that situation.

**bensmart25** · 01-16-2011, 07:42 AM

Great content and very helpful thank and keep up the good work.

**aleabby** · 01-17-2011, 07:22 AM

Thanks for sharing such a nice information. This shows there is still professionalism in IT market.

**Alicia23** · 01-17-2011, 08:38 AM

I prefer the offline mode rather than the online mode. You have to exercise a lot of caution before going for any business or monetary transaction.

**sondy** · 01-23-2011, 10:11 AM

I am doing on-line shopping business. It is a very difficult job to promote your products. Your five tips, seem easier to talk than to do.

**James-A** · 05-09-2011, 04:43 AM

The most important aspect for online transactions; both in the case of the company and the customers is including an SSL certificate. In this way the customers will be sure that their information is not being misused or shared. This will help the company to keep the customer information confidential.

**goldenspiralstds** · 06-28-2011, 02:13 AM

Well this was all great information guys. It surely helps us determine frauds and real. But for my experience i really look for reviews or even talk to people who initially did business with them.

**rsidhaarth** · 01-27-2012, 02:38 PM

I will always read the review about them and then do transacttion. It is best to see review.