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The website is not the business - it is a tool that is used to establish and conduct commerce; it provides the built in functionality that is not generally available to most US businesses. The business of MyMyJ is to get customers to the website and purchase goods and services through it and to maximize the revenues from suppliers and advertisers wanting to be exposed to that customer base.


The building and maintenance of a website like MyMyJ.com is complex in that it has it’s primary customers as businesses (B2B) and individual consumers (B2C) in China that want to read Chinese, pay in RMB and get delivery of goods in China. This is further complicated in that the suppliers are American medium to small sized companies that need to communicate in English, ship from the USA and get paid in Dollars.

mymyJ.Com earns revenues from the Suppliers for (1) listing their company on the website database in Chinese and (2) for selling, promoting and adding prominence to that data on the Website. MyMyJ earns revenues from Customers for all transactions that are concluded through the website in the form of (1) commissions as a % of sales, (2) fees for arranging shipping and logistics and (3) a finance fee for using the payment system. The company also expects to be able to sell general advertising space through someone like Google when there is enough activity.

 

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