The application of 3rd party certification programme in Malaysia.

Nowadays, the top application of 3rd party certification program on Malaysia is provided by the MSC (Multimedia Super Corridor) Trustgate .com Sdn Bhd. MSC Trustgate.com Sdn Bhd was incorporated in year 1999 and it had the licensed Certification Authority in Malaysia since 1999. Besides that, that is also some famous application of 3rd party certification program in Malaysia such as Verisign trust network. The VeriSign trust network is the leading Secure Sockets Layer (SSL) Certificate Authority enabling secure e-commerce, communications, and interactions for Web sites, intranets, and extranets.

Furthermore, MSC Trustgate.com Sdn Bhd provide trusted and encryption technology that secure customers online communication, hence protect customer vital business information from prying eyes.MSC Trustgate.com Sdn Bhd are also is the first Malaysian Internet trust solutions company authorized to offer 128-bit SSL Server ID that is now used in financial institutions, insurance companies, e-government, healthcare organizations and other online trading. MSC Trustgate.com Sdn Bhd also offers Digital ID for MyKad (Malaysian National Identity Card) that is now used in online tax filing, e-procurements and others.

In addition, VeriSign’s global infrastructure provides a critical layer of intelligence and security that enables key transactions, protects data, and safely delivers information across myriad protocols and devices. Besides that, in a billion of times each day, companies and consumers rely on the Internet infrastructure to communicate and conduct commerce with confidence. The infrastructure also provides core services that allow the Internet to function smoothly and reliably, everyday. Moreover, it’s also providing layered security solutions that protect an organization’s consumers, brand, Web site, and network. The digital certificates protect over 900,000 Web servers worldwide, so the users do not have to concern about it. VeriSign offers a comprehensive spectrum of products and services that help a growing number of organizations and individuals to communicate and conduct commerce with confidence; it is a good service for everyone.

By using the digital certificates can improve the users trust in order to secure the users online business. Besides that, people must to be a smart users when conduct an online business. First,the users must identify the online business website is trustable and the website is prove by the licensed and qualified for conduct the business. Moreover, MSC Trustgate.com Sdn Bhd are provide trusted and encryption technology that secure customers online communication, it can avoid the customer’s confidential information to be disclosed. Furthermore, the digital certificates can assist the development of greater internet based activities.

An example of an E-Commerce failure and its causes

Electronic commerce, commonly known as e-commerce, consists of the buying and selling of product or services over electronic systems such as the Internet and other computer networks. There are some e-commerce failure. Kozmo.com is 1 of them.

Kozmo.com was founded by young investment bankers Joseph Park and Yong Kang in March 1998 in New York City.You could order a wide variety of products, from movies to snack food, and get them delivered to your door for free within an hour.The model was criticized by some business analysts, who pointed out that one-hour point-to-point delivery of small objects is extremely expensive and were skeptical that Kozmo could make a profit as long as it refused to charge delivery fees. The company countered in part that, in their target markets, savings due to not needing to rent space for retail stores would exceed the costs of delivery.

The company raised about $250 million, including $60 million from Amazon.com. It entered a five-year co-marketing agreement with Starbucks in February 2000, in which it agreed to pay Starbucks $150 million to promote its services inside the company's coffee shops. Kozmo.com ended its deal in March 2001 after paying out $15 million. In July 2000, at the height of its business, the company operated in Atlanta, Chicago, Houston, San Francisco, Seattle, Portland, Boston, New York, Washington, San Diego and Los Angeles.

While popular with college students and young professionals, the company failed soon after the collapse of the dot-com bubble, laying off its staff of 1,100 employees and shutting down in April 2001. It was clear that it cost too much to deliver a DVD and a pack of gum. 18 locations nationwide and their Memphis distribution center were liquidated by a veteran entertainment wholesaler from Florida. Kozmo had filed an IPO with Credit Suisse First Boston before the layoffs, but it never went public. According to documents filed with the Securities and Exchange Commission, in 1999 the company had revenue of $3.5 million, with a resulting net loss of $26.3 million.

From the failure of Kozmo.com we know that we must have a good market plan before doing E-Commerce. We must come out with a good marketing strategy. We oso know that not every product can sell in the internet. Offering a costly home-delivery service for free although can attract many customers but it was also the main reason to cause failure in Kozmo.com.

An example of an E-commerce success and its causes

In just a few years, online auction company eBay went from a little dot.com company to one of the biggest business stories in America while some others aution company went into bankcruptcy.

Two years ago, there were an estimated 50 million people worldwide using the Web site. Two years later, no one could have predicted that within two years , the number of eBay users would more than double, to more than 125 million worldwide today. Those people are buying and selling more than $1,000 worth two years ago, there were an estimated 50 million people worldwide using the web site of goods every second. It makes alot of them amaze and curious about the success of eBay.

There are reporters interviewed Pierre Omidyar(founder of eBay) about the success story of eBay. He told the press that eBay really allows people to often times connect with some very fond and special early childhood memories. It could be anything from collecting baseball cards to toy soldiers to Barbie dolls to doll houses, and so forth. It also allows people to make that connection and relive a lot of those very vivid and very fond memories that they have from an earlier period of time. Another factor to consider, he thinks, is that people really enjoy the experience of the shopping bazaar. They consumers enjoy the hunt. The consumers enjoy looking around for merchandise. The other component is that he believes the consumers love the competition of the bidding process. He further said that everybody likes to get a bargain, and everybody in some way, shape, or form, likes to haggle a little bit over the price. And the eBay auction format allows users to do that.The other thing is that as it has grown and become a very practical place to buy and sell collectibles or commodities.

But what about the views from others. To most of the eBay user, eBay trust and safety team is dedicated to making eBay a safe and reliable place to trade. eBay works behind the scenes to develop the technology and skills to fight fraud and empower the community to understand and conduct safe trading practices. eBay also strives for a level playing field and information transparency, enabling economic opportunity for the community and encouraging open, honest and accountable transactions. Feedbacks obtained proved that products on sales are of good quality and in very reasonable price. One customer, in the name of Reverend Steve Hance claimed " I got an album for a lot less than I would have paid for it in a second-hand shop in London".

Besides that, cost control is also the main factor of success. eBay’s founder, Pierre Omidyar and his team were the operators. They manage the enterprise with their own skills in order to keep their overheads low. Meanwhile, profits are generated from commission on sales.

Furthermore eBay is also a success legend because it can reach globally to hundred thousands of people enabling them to make a business of their own. eBay who gains access to a global market place can reach to more potential buyers than locally and with profits keep pouring in.

Other s factor is that the fees systems practiced by eBay that makes all sellers and buyers love this website. The listing fees charged is to keep the items in eBay fresh. It also enables sellers to sell their items, similar to an auction. Starting from the lowest price to let each bidder offer higher price, this will prevent sellers from pricing items too high or too low. While the auction fees charged are charged by eBay only at each successful sales and charged slightly higher then the item’s minimum charge.

In the nutshell, eBay is believed to continue to perform well and profit keep pouring in for the next few years and continue to become the dominant company in the e-commerce world.

The followings are the additional information for eBay:

The weird world of eBay:
- eBay is the number one e-commerce site in the world, receiving 121,520 'hits' a minute and 175m searches a day. Every day it receives 10m bids and accounts for a third of all British internet traffic.
- Manchester United players are no longer allowed to sign shirts at the gates of the training ground because so many were being sold on eBay.
- eBay was founded nine years ago by Frenchborn computer-systems developer Pierre Omidyar who was trying to find plastic spring-loaded Pez sweet dispensers for his collector girlfriend Pam. He put an advert on the internet, got a huge response, and today they're both multimillionaires.
- Bristol University student Rosie Reid, 18, auctioned her virginity on eBay last year. She received 400 bids and accepted one of £8,400.
- More than 21 million items are on sale worldwide on the site at the moment, with three million new ones offered for auction every day. Goods are traded in more than 45,000 categories, ranging from antiques to stamps and video games.
- A man from Sevenoaks, Kent, sparked uproar when he put his own kidney up for sale on eBay to raise money for treatment for his daughter, who has cerebral palsy. He was spared when a group of fundraisers promised him £30,000. Several other eBayers have tried selling organs but have been stopped by eBay.
- £1bn worth of clothes and accessories were sold on eBay last year.
- A man once sold his own soul for £11.61. He promised to send the buyer an ownership document.
- A car is sold on eBay every four minutes.

http://www.ebay.com/

The history and evolution of E-commerce

E-commerce is also a growing aspect of the business community. This formally is the use of digital transactions between and among businesses and individuals. More commonly e-commerce is the use of the Internet to conduct business. E-commerce also provides one of the most popular activities on the Web is shopping. It has much allure in it; you can shop at your leisure, anytime, and in your pajamas. Literally anyone can have their pages built to display their specific goods and services

History of e-commerce dates back to the invention of the very old notion of “sell and buy”, electricity, cables, computers, modems, and the Internet. E-commerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.

There have been several key steps in the history of e-commerce. The first step came from the development of the Electronic Data Interchange (EDI). EDI is a set of standards developed in the 1960’s to exchange business information and do electronic transactions. At first there were several different EDI formats that business could use, so companies still might not be able to interact with each other. However, in 1984 the ASC X 12 standards became stable and reliable in transferring large amounts of transactions. The next major steps occurred in 1992 when the Mosaic web-browser was made available; it was the first ‘point and click’ browser. The Mosaic browser was quickly adapted into a downloadable browser, Netscape, which allowed easier access to electronic commerce. The development of DSL was another key moment in the development to of e-commerce. DSL allowed quicker access and a persistent connection to the Internet. Besides that, AOL had sales of 1.2 billion over the 10 week holiday season from online sales. The development of Red Hat Linux was also another major step in e-commerce growth. Linux gave users another choice in a platform other then Windows that was reliable and open-source. Microsoft faced with this competition needed to invest more in many things including electronic commerce.

Moreover, Napster was an online application used to share music files for free. This application was yet another major step in e-commerce. Many consumers used the site and were dictating what they wanted from the industry. A major merger, in early 2000, between AOL and Time Warner was another major push for e-commerce. The merger, worth $350 million, brought together a major online company with a traditional company. In February 2000 hackers attacked some major players of e-commerce, including Yahoo, eBay and Amazon. In light of these attacks the need for improved security came to the forefront in the development of e-commerce.

It is predicted that the revenues up until 2006, will grow 40% to 50% yearly. Expectations of higher prices as well as larger profits for e-commerce business are also present. Also, we will see a larger presence by experienced traditional companies, such as Wal-Mart, on the Internet. It is believed companies in general will take this mixed strategy of having stores online and offline in order to be successful. It can be seen that there will be a large growth in Business-to-Consumer (B2C) e-commerce, which online businesses is selling to individuals. However, even though B2C e-commerce may be the most recognizable there are different varieties.

Today the largest e-commerce is Business-to-Business (B2B). Businesses involved in B2B sell their goods to other businesses. In 2001, this form of e-commerce had around $700 billion in transactions. Other varieties growing today include Consumer-to-Consumer (C2C) where consumers sell to each other, for example through auction sites. Peer-to-Peer (P2P) is another form of e-commerce that allows users to share resources and files directly.

In conclusion, e-commerce may be a new form of doing business, but it has developed rapidly. Even though e-commerce has a short history there have been several important turning points in its development. Further, as progress took place more markets opened up for the use of electronic commerce. It became apparent it could be used more then just for Consumer-to-Consumer, but also for other markets such as Business-to-Business. In e-commerce which is evolving according to the customer advantage and comfortable for the customer, this is through such technology as virtual agents. As with other forms of business, e-commerce has impacted some industries more then others, such as the culture and information sector. Other industries, like banking, have the potential for large future growth via e-commerce. In each of these aspects of society we can see areas that e-commerce is being successful, but there is also need to make improvement. A major problem are to concern is the issue of privacy. Consumers are hesitant to use online business because they often have limited guarantees about the privacy of their information. If the problem can be reduced, e-commerce can play a positive role in helping to improve the world of business.

http://en.wikipedia.org/wiki/E-commerce

Revenue models of Google, Amazon and eBay~

The prime source of revenue generated by Google is from the Advertising Revenue Model. Google AdWords, it is a pay per click advertising program[Pay-Per-Click (PPC) is an online advertising payment model in which payment is based on qualifying click-throughs]. An advertiser has to pay every time his ad receives a click. Furthermore, Google Adsense is an advertising serving program run by Google, and the revenue is generated on a per-click or per-thousand-ads-displayed basis and the advertisements are administered by Google. Moreover, Google Answer is an internet search and research service offered for a fee by Google. Google will keeps 25% of the payment and the rest will be sent to the Researchers (Researchers are not Google employees) whose will answered the customers whom ask questions by offering a price for answer. Besides that, Google is currently testing a new advertising program that pays site owners based on a Cost-Per-Click model. The program, called Cost-Per-Action, was revealed via an invitation e-mail from the Google AdSense team to web site owners. It addition, Google is also using Affiliate Revenue Model to generate income and it provides a highlighted web address or images that link to another website.

Amazon.com is a virtual merchant or e-tailer which is a retail merchant that operates solely over the web and it is also known as one of the first major companies to sell goods by internet. Amazon.com was an online bookstore at the begining. Now, Amazon has expended its business by selling and buying music CDs, videotapes, DVDs, software, consumer electronics, kitchen items, tools, lawn and garden items, toys and games, baby products, apparel, sporting goods, gourmet food, jewelry, watches, health and personal-care items, beauty products, musical instruments, industrial and scientific supplies, groceries, and many more. It is therefore the major sources income of Amazon.com Therefore Sales Revenue Model is the major sources of income for Amazon.com. Affiliate Revenue Model which places links or ads on their sites, and is awarded a referral fee if a customer clicks on their link and purchases goods at the transaction site, registers for the site, or some other targeted behavior for which a commission is paid. This is a pay-per-performance revenue model. If an affiliate does not generate sales (or other targeted behaviors), there is no cost to the merchant.

eBay, a popular online auction and shopping web in which people perform businesses such as buying and selling goods and services worldwide. eBay generates revenue from a number of fees such as fees to list a product and fees when the product sells, plus several optional fees. All theseare based on various factors and scales.The auctions vary widely in terms of the offering and bidding rules. Thus, the major revenue of eBay is through Transaction Revenue Model from sellers and buyers. Similar to Amazon.com, eBay targets different types of consumer behavior in its affiliate program to earn affiliate fees of Affiliate Revenue Model but rather than pay a commission on sale of goods.

In the conclusion, the revenue models adopted by Google, Amazon and eBay are slightly different in terms of their natures of businesses. However, there is a common ground among themselves which they are using the Affiliate Revenue Model to generate income.

Yo~ K C Y here~!!!

Hello, My name is Khor Chia Yi. My frens always call me KCY. I'm naughty girl in my group.. I like to Kacau around~! especially my group members~! hehehe... I'm from Alor Star,Kedah. Currently, I'm pursuing Bachelor Of Commerce (Hons) Accounting in Universiti Tunku Abdul Rahman in Sungai Long Campus. I have a younger brother and a younger sister. Well, there are nothing special about me. I'm just a normal girl who like to read comic and watch Japanese anime. My favourate Comic is ONE PIECE~ It is so cool... On top of that, i like to surf the net and chit chatting with friends through msn.I love to play computer games but currently I just play super dancer online - xtreme only.. hehe.. I love to listen to songs too.. I love Avril Lavigne very much~! She is so cool~!

The top 5 websites that I visited the most are ranked as follow:~~

GouGou
http://www.gougou.com/
gougou is a website from china. From gougou website, i can easily find songs and movies that I want.Even it was a newest movies and songs. I can also found in here and download from it.

Chinese Cari
http://chinese.cari.com.my/myforum/
This is a malaysia forum in chinese version.I like to read the forum when i was free.From here i can read ghost stories, can know many weird things in the world and can also learn many things here.I can also read the news from this website.

Online Comic
http://www.zxmh.net/
This is the chinese website that i can read free comic from here. I can find any comic from here even that comic is new or old. The comic here are totally free of charge.

University Tunku Abdul Rahman
http://www.utar.edu.my/
This is the website that will always view by Utar student. I use this website to check on my examination result and timetable.I can even find my passed year exam question in this website.

Google
http://www.google.com/
I like to search for information and pictures through this website. From here i can get my information easily.

~All About Me~

Hi!! Thanks for viewing our wonderful blog… First of all, I would like to introduce myself to you guys. I’m Ooi Whey leng which currently pursuing Bachelor Of Commerce (Hons) Accounting in Universiti Tunku Abdul Rahman in Sungai Long Campus. You can call me Vilign as well. I’m 22 years old and I’m an Aries girl in constellation that has the characteristics of vivacity, loving to challenge and loving to amusing as well. However, I’m consider “agedness” in my assignment group. Haizzzzzzzz... :’( Anywhere, I’m still play an important role to contribute my effort on our assignments. Hehe :-P

Actually I come from Bagan Serai, Perak. I’m locally born and bred at the place, it is the place which is peaceful that I love the most!!! Therefore, I look ‘chubby’ because I live comfortably. My hobbies during my leisure time are listening and singing songs, see a movie, make up and shopping, surfing the net … all kind of things that all females like to do. Thus, my life is brilliant because I never let my life get bored. As a result, the word of “boredom” never seems to appear in my life.

The top 5 websites that I visited the most are ranked as follow:-

Google
www.google.com
I often visited this website when I would like to search for any information that I want, especially when I faced the difficulty in my schoolwork such as I use it to helping me as my study tool to doing in my assignments, tutorial questions. It is a useful search engine that is available for all internet users to obtain the information that they want by just merely a click. Furthermore, the results provided are in bulk. Thus, it enables me to search for more different key strong points and essentials as a reference to guide me with a good idea to doing my schoolworks.

Universiti Tunku Abdul Rahman
www.utar.edu.my
The website that I secondarily visited the most is the Utar intranet since I join it. It enables the all the Utarians ( between administrative persons and students) to be more convenient to upload and obtain the latest information by accessed on it such as semester syllabus, timetable, examination result, performance evaluation for lecturers, availability of reading materials that available in library, Utar map and so on.

Wble
www.wble.edu.my
Wble website also useful and advantageous to all Utarians (between respective lecturers and students) that helps them to be more convenient to upload and obtain the latest information by accessed on it such as unit plans, lecture notes, tutorial questions, date for conducting test, presentation. Moreover, it enables lecturers and students to send message and feedback to each other for any announcements. Furthermore, it also helps to conduct online test by not using paper working which is not time consuming to mark the papers. It is a systematic and brings an advantage of effectiveness and efficiency. I frequently visited to this website for my respective subjects taking in current semester due to me find it useful and convenience.

Miniclip
www.miniclip.com
Due to studious and work hard in studies, as a result, I may stressful in my studies. Therefore, the relaxation is necessary for me to cope with it. Thus, I visited this website occasionally to play the games in order to release the stress that I have. It is really functioned for me to release the stress. Furthermore, it helps my mind to be more nimble as I think how the artifices to win the enemies are. Besides that, it helps also to release the fatigue after doing revision.

Scholar google
www.scholar.google.com
As the subject of Research Methodology And Project that I taking in this semester required us to search for scholar journal articles for the purpose of thesis. Therefore, I had visited this website to search for those particular articles. It is an educational website that is available for all internet users for them to look for the educational subject matters. It provides a lot of the articles that I needed in our academic required in a number of millions. Even it is just a brief article but I find it useful for me to have a good idea and enable me to search for full text and detail articles in Utar intranet.