How do we start?
Open to all staff of ITE College East,
1) Every item is to be pre-tagged by yourself.
*Please print, fill the template and attached it to your item.
1) Every item is to be pre-tagged by yourself.
*Please print, fill the template and attached it to your item.
*Please download the tag and attach them to your items
please_tag_your_items.jpg | |
File Size: | 173 kb |
File Type: | jpg |
2) You are to decide on your reasonable selling price in agreement with the Entrepreneurship Club. The Entrepreneurship club may agree or counter your selling price based on but not exhaustive to;
- Uniqueness and attractiveness of product,
- Similar items already listed on Carousell,
- Immediate demand of item or it’s over supply in the marketplace,
- Trendiness of the season,
- Condition and packaging of item,
- Brand,
- Depreciation.
3) Items are to be deposited at the Enterprise Development Centre, #T01-27 every Friday in between 1.30-3.30pm. *All items will be kept under lock and key and kept only for a duration of 1 month.
Once an item is sold, you will receive a call to collect your agreed selling price. Similar to item deposits, all cash collection will be conducted at the Enterprise Development Centre, #T01-27 every Friday in between 1.30-3.30pm.
If an item is not sold, it will be stored for a maximum duration of 1 month only from the date of delivery.
3) Items are to be deposited at the Enterprise Development Centre, #T01-27 every Friday in between 1.30-3.30pm. *All items will be kept under lock and key and kept only for a duration of 1 month.
Once an item is sold, you will receive a call to collect your agreed selling price. Similar to item deposits, all cash collection will be conducted at the Enterprise Development Centre, #T01-27 every Friday in between 1.30-3.30pm.
If an item is not sold, it will be stored for a maximum duration of 1 month only from the date of delivery.
How does the club earn?
In return for services rendered; Listing (creative descriptions and photography), Chat exchanges and sale of items,
The Entrepreneurship will follow a standard 3 tier mark-up model. For items with an agreed selling price of;
$1 to $30, a markup of up to 100%,
$31 to $60, a markup of up to 50%
$61 onwards, a markup of up to 25%
This markup is to pay for the efforts of our students and all profits will be retained by the students themselves.
The Entrepreneurship will follow a standard 3 tier mark-up model. For items with an agreed selling price of;
$1 to $30, a markup of up to 100%,
$31 to $60, a markup of up to 50%
$61 onwards, a markup of up to 25%
This markup is to pay for the efforts of our students and all profits will be retained by the students themselves.
Terms for service
In using the services of the Entrepreneurship Club, you agree to comply with the following:
1. Items
1.1 You are the owner of the item,
1.2 The item is not counterfeit and does not infringe upon any third party’s copyright,
1.3 The item is not dangerous, hazardous or subject to a recall by a government or manufacturer,
1.4 The items must be in good condition or brand new,
1.5 We will inspect for any damages, upon receiving it. E.g. – color changed, cuts, stains, scratches, holes, and will propose a suitable selling price,
1.6 The items must be related to our listed categories,
1.7 All items must be tagged with:
1.7.1 Name,
1.7.2 Contact No,
1.7.3 Date Delivered,
1.7.4 Desired Selling Price,
1.7.5 Description of Item,
1.8 If items are not tagged, we will impose an admin fee of $3 per item in effect to find and locate its owner. Items may be rejected accordingly should there be a failure to adhere to any of the listed terms above.
2. Drop-off/ Collection of Items
2.1 Entrepreneurship Club will, to its best ability, ensure that the items held in its possession are handled with utmost care under lock and key,
2.2 However, we will not be held liable for any damages, losses or shortages for items in our possession,
2.3 Items that have been rejected by the Entrepreneurship Club must be collected within 1 week notification of rejection,
2.4 All items that have not been collected after 1 month will be donated or up cycled.
3. Fees & Payments
3.1. All monies from sold items will only be return to staff on Fridays between 1:30 – 3:30 pm.
1. Items
1.1 You are the owner of the item,
1.2 The item is not counterfeit and does not infringe upon any third party’s copyright,
1.3 The item is not dangerous, hazardous or subject to a recall by a government or manufacturer,
1.4 The items must be in good condition or brand new,
1.5 We will inspect for any damages, upon receiving it. E.g. – color changed, cuts, stains, scratches, holes, and will propose a suitable selling price,
1.6 The items must be related to our listed categories,
1.7 All items must be tagged with:
1.7.1 Name,
1.7.2 Contact No,
1.7.3 Date Delivered,
1.7.4 Desired Selling Price,
1.7.5 Description of Item,
1.8 If items are not tagged, we will impose an admin fee of $3 per item in effect to find and locate its owner. Items may be rejected accordingly should there be a failure to adhere to any of the listed terms above.
2. Drop-off/ Collection of Items
2.1 Entrepreneurship Club will, to its best ability, ensure that the items held in its possession are handled with utmost care under lock and key,
2.2 However, we will not be held liable for any damages, losses or shortages for items in our possession,
2.3 Items that have been rejected by the Entrepreneurship Club must be collected within 1 week notification of rejection,
2.4 All items that have not been collected after 1 month will be donated or up cycled.
3. Fees & Payments
3.1. All monies from sold items will only be return to staff on Fridays between 1:30 – 3:30 pm.