" I only get 5 percent of the selling price as the revenue I generate from the business "
That was when he started his online company called Tranique.
The Fourth Industrial Revolution means today the world is at the brink of a technological revolution that will alter the way people live, work and relate to one another.And in its scale, scope and complexity, the transformation will be unlike anything humankind has ever experienced before.
Initially, Mosala thought of drop shipping which is used by developed countries like China, the United States of America (USA) and the United Kingdom (UK) for their supply activities, but later discarded the notion as it is not suitable for the local market.
As he unpacks how his business operates, he says people who want to sell their goods simply place pictures of their goods on the website together with their addresses. So this enables the buyers to see them in order to place their orders if they need to buy.
Mosala says delivery will be made through the post office once the goods have been bought. “I only get 5 percent of the selling price as the revenue I generate from the business,” he says, adding that at the moment he works as a sole proprietor. His business was officially registered on July 1 and already has several customers.