1. |
Can a student participate
as both an individual and as a team?
No. A student must decide whether
to participate as an individual or form
a team.
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2. |
Will this competition be too difficult for my primary school students to handle?
An online competition is chosen since the popularity of the Internet has resulted in the rise of e-commerce, which has relatively lower setup barriers and cost as compared to a traditional brick-&-mortar business. Online trading is also about creativity in sourcing for products which has potential to sell.
Since primary school students are more unfamiliar about doing business, teachers are encouraged to lend students their support in the competition.
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3. |
If my students are not able to attend the workshops, will they still be able to join in the competition?
Yes. The workshops are organised to introduce e-commence and online trading to students and give them a good idea what the competition is about. If some of your students are already familiar with online trading e.g. registered eBay members, it may not be necessary for the participating students to attend the sessions.
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4. |
How will my students benefit from this competition?
While winning the competition is a remarkable achievement, the main objective of the competition is to provide students first-hand experience in running a business. It is hoped that the students gain some key learning points which can help them in their own future entrepreneurial endeavours. |
5. |
Can I sign up multiple accounts for different students/teams?
Yes, you can sign up multiple accounts for different students/teams. Make sure you submit the different eBay accounts that make up the team.
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6. |
Will my credit card be charged during the course of the competition?
Registration, Buying and Selling is free on eBay.com.sg. Your credit card will not be charged during the course of the competition if you are listing on the Singapore, Malaysia or Philippines site. Charges only apply if you make use of Optional Features to enhance your listing or if you are selling to other international eBay sites, such as the US or UK site. If you choose to list on international sites, your credit card will be charged a listing fee and subsequently, a final value fee when the product is sold.
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7. |
Is it necessary to use my credit card when signing up my students?
To set-up a seller account (required for selling), you need to place your credit card on file. We use your financial information, including credit card information to verify your name, address, and other contact information. You will not be charged unless you choose to list on International sites or make use of Optional features that enhance your listings.
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8. |
Why does eBay require participants to set up a new ID for this competition? If they have an existing account, can’t they use it?
Some participants who have traded on eBay before and accumulated a positive feedback score will have an advantage over the other participants. Our objective of requiring all participants to set up a new eBay ID for this competition is to create a level playing field for everyone.
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9. |
Is there a limit to the number of students per team?
No, there is no limit to the number of students per team.
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1. |
Do my students get to keep the money they earned from selling, in this competition?
Yes, the students or schools can keep the proceeding received from the sales of items. How much the students/schools will get also depends on the arrangement between the suppliers (source of the products) and the students/schools.
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2. |
What if the products we sell are taken from charitable organization, how do we share the earnings?
Similar to the previous question, the share of earning depends on the arrangement made between the charitable organizations and schools/students.
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3. |
What can I sell or not sell?
Please check and comply with eBay’s listing policies and prohibited, questionable and infringing items policies. (Eg. no sales of live animals and pets, used-cosmetics).
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4. |
Can I change my product offerings in the midst of competition?
Yes. Just as entrepreneurs change strategies which are not working, students are encouraged to change product offerings which are not selling.
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5. |
How will the winner be determined?
Business Plan
Target Market & Marketing Plan |
20% |
Innovation & Creativity |
10% |
Business Sustainability and Scalability |
10% |
Actual Performance
Effectiveness¹ |
20% |
Unique Positive Feedback Score |
10% |
About Me Page & Blogging |
10% |
Bonus Points² |
20% |
¹ This is based on the sales volume and the number of ‘views' generated by listings/auction listing design from 14 May 2007 to 1 July 2007 (both dates inclusive). All you have to do is to sell more items on any eBay sites and achieve higher growth in eBay GMV or listing counts than other participating students with your account for the duration of this Contest. Note: eBay GMV is the total amount you have sold on eBay excluding postage fees.
² Bonus point will be awarded to participants who take up a charity/social enterprise,
offer Paypal as mode of payment and list internationally.
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6. |
Who makes up the panel of judges?
Representatives from ACE, TYEM and eBay will make up the judging panel.
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7. |
How do I know what my eBay GMV is?
This is the total amount you have sold on eBay excluding postage fee.
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8. |
Why should I sell internationally?
By selling internationally, your items will be available to the largest possible buyer base, over 222 million users worldwide. On top of that, you will be awarded bonus points which add to your performance score in the competition.
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9. |
Will eBay charge fees for selling internationally?
Yes, selling on international sites such as the US, UK or AU site will involve a listing fee and subsequently, a final value fee when the item is sold.
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10. |
Will eBay waive these fees for students participating in the ED07 e-business competition?
No. In line with ACE's and TYEM's objectives for Enterprise Day 07, we want to provide the students with a real-life hands-on experience in doing their own business online. And as part of that, we try not to eliminate the realistic factors such as cost of material and marketing that are involved in doing a real business.
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1. |
How do I get the best price?
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Attract more buyers by writing a title that is descriptive and uses keywords that are relevant to the item you are selling. |
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Your start price should aim to attract as many potential buyers as possible. Many sellers start their item at $0.99 and experience great results.
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Your description needs to provide buyers with all the information they need. Include information such as: |
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- Brand
- Age
- Condition
- Features, etc
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On eBay you choose the payment methods you accept and the buyer pays the postage. Include the payment methods you accept, postage costs and any other charges so that buyers are aware of all costs prior to bidding. |
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Pictures tell a thousand words, so take clear photos of your items from several angles. Using eBay's Gallery Feature will ensure that your listing grabs their attention. |
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2. |
How to sell successfully?
For more selling tips and help on trading, sign up for our Workshops to be held on:
DATE |
MAIN EVENTS |
Wed, 25 April 07 |
Workshop I - Introduction to Online Trading |
Sat, 28 April 07 |
Workshop II - Introduction to Online Trading |
Wed, 2 May 07 |
Workshop III - Seizing Opportunities |
Wed, 23 May 07
4pm-5.30pm |
Workshop IV - Seizing Opportunities |
Wed, 6 June 07
10am-12pm |
Workshop V - Making the Sale! |
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