www.olx.

com

FOREVER EXCHANGE 💱

Prepared for: Created By:

Rimsha Javaid Rabia Bassry

Date issued: Submitted to:

23Jan2023 Pro. Hamza Mushtaq

PROJECT PROPOSAL
Online Forever Exchange
 Introduction
Online Forever Exchange

01

Online Forever Exchange is the world’s leading classified platform in growth

market. Online Forever Exchange makes so easy to connect people to ,buy or sell
or exchange used good and services. It’s completely free and it can used from a
laptop mobile phone. Every month , hundreds million of people use online forever
exchange to find sell furniture, musical instruments, cars houses, and more you can
buy and sell almost anything with online forever exchange.

Major things that you can sell or buy on OFX:

 • Mobile
• Laptop
• Cameras
• Art-painting
• Bicycles
• Television
• Furniture
• Baby Goods
• Appliances

Together with Ofx are wanted to create consistent and user friendly content for

Objective
Online Forever Exchange

02

Polish users. It was crucial to keep the manage concise to use consistent and to
offer content that whenever possible, does not suggest gender.

• Awareness of the service

• Awareness of the Brand
• Higher Market Share
 • Bounce rate decreased 60% less than 30%
• Fake adds remove security

The scope of Online forever exchange is expending day by day due to the heavy
number of internet user all over the world . people are spending more time in
doing online shopping for various products available on the e commerce platforms.
The new shoppers (Customer base) accounting to around 25% came from the tier
one and tier two Town of pakistan.

03
 Scope
Online Forever Exchange

In the year 2023 around 5 million people have been shopping online. And, the
most interesting factor is that they have done shopping from some of the major
online shopping sites. And, the number 8 million had risen to around 100 million
by the year 2030.
Pakistan has been considered the 37th largest market for e-commerce worldwide.
This market has been reported to generate revenue of US $5.9 billion in the year
2021. In 2022, the projected revenue was US $7.6 billion, which means that the
revenue is increasing rapidly in the region due to online shopping among
consumers. It can be due to the shift of customers towards e-commerce due to
COVID-19. However, one can also say that e-commerce became a popular platform
before the outbreak of COVID-19

04

1. Exchange of digitized information

2. Technology-enabled
3. Customers retention
4. Accounting
5. Supplier integration
Product buying in this case, I will only discuss the flow of user experience when
interacting in the search process until the user decide to buy a product.

Overview of My project

05
My Project proposal
best of world Admin
panel
Customer panel
Vendor panel
 Swot Analysis

06
 Strengths
Content Here are two big Strengths of the e -
• Strength commerce market:
Accessibility
Lower price Accessibility
• Weakness
Industry specific Perhaps the biggest Strength of online
• Opportunity forever exchange businesses is their
Growing Market extensive accessibility. In the past,
Influencer shopping meant physically traveling to a
• Threats certain place, within certain times. With
Competition online forever exchange , buyers can now
Fraud browse, learn about, and purchase
Data concern products from the comfort of their homes ,
Monopolies at whatever time of the day (or night).

Strength of Online Business

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 Lower Prices
Another considerable Strength of online

shopping is that products tend

Weaknesses
Here’s one big Weakness of the ecommerce
industry:
prices, when compared to traditional retail
channels. One reason for this is that Online

forever exchange Industry

typically involves sellers Specific
Certain products lend themselves to ecommerce
interacting directly with consumers,better
c than others. For example, books, electronics,
out middlemen such as distributors. and kitchen gadgets are all easy to sell through
online stores, since consumers roughly know what
to expect.
Another reason is that the business stores

typically have
significantly lower overheads than brick-and
mortar stores, which have to account for rent

costs, employee salaries, and more.

Opportunities
Here are two Opportunities for the e-commerce market:

Growing Market
One of the biggest opportunities for the online shopping industry is
the growing market. While most consumers in developed countries
already have electronic devices, there are plenty of consumers in
developing countries who don’t — and, as a result, don’t buy goods
online.

Threats of Online Business

Threats
Here are four Threats for the
online forever exchange
industry:
Competition
Although the online forever exchange
industry’s low barrier to entry is, on the one
hand, a Strength, it also poses a significant
threat for existing sellers.
This is because of how easy it is for just
about anyone — anywhere — to launch a
new e commerce store and compete with
other online shopping businesses.
Data Concerns
Aside from blatant fraud, there’s a lot of
potential for things to go wrong with online
shopping — especially when it comes
to users data.
Shopping online requires you to hand over
a lot of sensitive data, includi ng your
Use Case diagram
payment details, address, and other assorted
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information. If this information gets into
the wrong hands, it can have devastating
consequences
Fraud
The world of e-commerce is fuelled by
digital payments, whether that involves
credit or debit cards, bank transfers, or
even cryptocurrencies. This makes it a
huge target for fraudsters, who now have
an easy way to cash out on their illicit
activities. Fraudsters can buy goods online
using others’ payment details — while
staying completely anonymous — and send
those items to neighborhood doorsteps,
where they’ll be swiped while the
homeowner is out at work.
Monopolies
Since online forever exchange stores can
cater to entire countries — or even the entire
world — it leaves a lot of potential for
monopolies to form. Perhaps the best
example of this is if you review how
Amazon has affected bookstores. In the past,
a variety of local bookstores (including mom
and pop stores, smaller chains, and larger
chains) would have serviced a given area.
ENTITY RELATIONSHIP
DIAGRAM
ER Diagram