What is a Database Business and How Does It Work?
Database business: Definition, how it works, profit/disadvantage?, types of goods sold are all information that is sought after by business people engaged in this field.
Many of them seek as much information as possible about these matters in order to avoid material loss in the future. This is reasonable considering that there are many fraudulent businesses that result in the depletion of the assets of these business people.
The database business is not a business that has only grown in the last 1 or 2 months. This business has been around for several years.
This new business innovation has succeeded in attracting many people to join it. What if it’s not a tantalizing nominal profit that is the main attraction?
Unlike most other businesses, the database business does not make goods as commodities in its buying and selling transactions. So, what is traded in this business?
Check out all the information about the database business: understanding, how it works, profit/disadvantage?, types of goods sold below.
Understanding Database Business
Database business is a business that trades telephone contact numbers, social media accounts, and official websites of various manufacturers of goods (manufacturers of goods) or first-hand distributors of manufacturers. In other words, the main commodity in the database business is data. This describes exactly the name of the business itself.
Since data is used as a commodity, it is not surprising that this commodity is in the form of a soft file. By paying an amount of rupiah in the range of Rp. 300,000, – to Rp. 400,000, – you will get a soft file containing many contacts for manufacturers and distributors of goods. This price, of course, varies from one ‘shop’ to another ‘shop’ that sells data.
This business is said to be able to support the business very well. Just imagine, who doesn’t want to get cheap goods from the hands of producers or first hand distributor for later resale?
Aren’t business people really looking for a gap as far as possible between the purchase price and the selling price of goods?
With the rapid growth of online business in recent years, the database business market is certainly getting wider. Not only offline stores are potential clients, but online business people also really determine the success of this database business.
They are competing to set the lowest possible price for the same type of goods. For that purpose, they urgently need to contact manufacturers of goods at low prices.
So, it can be said that the database business is a business that connects business people with producers of goods by providing contact facilities for these producers.
Many people see this one business as a weapon to advance the business that is being run. However, not a few also think that this business should not be done.
How Database Business Works
The database business runs as soon as the money is given to the provider of the data being traded. A nominal amount is sent to the data seller’s account. Then, the data will be received by the buyer in the form of a soft file.
When the data is in the hands of the buyer, then the next step is the right of the buyer. There are 2 options that can be done.
The first is to use the data directly for the business interests of the buyer. Another option is to resell the data to other people at a price equal to or lower than the purchase price.
If the buyer decides to use it for personal business purposes, then he can directly select the manufacturer’s contact number provided to be contacted.
By finding the producer who sells the lowest price for his wares, he has a golden opportunity to compete in a wider market. Any choices made are of course not the responsibility of the database sellers.
It is different if the data buyer decides to raise rupiah from trading the data. He must promote on all platforms to attract people who want to buy the data.
Usually, screenshots of chats on WhatsApp and various other media are used to convince potential buyers to buy the data.
Database Business: Profitable or Disadvantaged?
All information about the database business: understanding, how it works, profit/disadvantage?, types of goods sold have created their own perception in the eyes of the general public.
Some who have been in the database business claim to have doubled their profits. The initial capital issued is returned in a short time and even multiplies.
A nominal value of IDR 300,000, – or IDR 400,000, which is paid upfront and exchanged for data usually reverses capital quickly if you manage to attract friends, family, or other people to buy the data.
If in just one day you can make the data sold to 3 people, not only the capital is returned, but you can get a profit of up to 200%. Imagine if you could sell more than that every day.
This multiplied advantage with a small amount of capital is what makes many people tempted by this database business. With the capital of intensive promotion on social media, the rupiah will come by itself.
You don’t have to bother selling items and promoting items with little profit. Only by selling data can you get hundreds of thousands to millions of rupiah for your pocket.
Minimum capital and small risk of loss leads many people to sell this data back once they buy it instead of using it for personal business purposes.
You don’t have to bother wrapping things up and sending them to consumers, right? Not surprisingly, the data which is the commodity of database business can be easily ‘travelled’ from one city to another.
The proliferation of this business and the increasing number of people selling data makes the competition in this business industry even tougher. Selling price is the solution.
Now, many data sellers are slamming prices up to only tens of thousands of rupiah to be able to bring in a row of first-hand producer and distributor contacts. This price is much different when the database business is still crawling in this country.
The number of people who are tempted by the multiple benefits of this database business creates an opening for irresponsible people.
Under the pretext of selling data at low prices, many potential buyers are actually deceived.
They sent the requested amount of money, but the promised data was never sent. If that’s the case, of course, the prospective business actors will lose out.
Types of Goods in Database Business
Rows of contacts, social media accounts, and official websites of manufacturers and distributors of goods are grouped by type of goods sold. So, when prospective data buyers come, the data they get can be adjusted to the type of goods they want.
Of course, fabric traders only need contacts from fabric producers and distributors and don’t need a series of contacts for electronics sellers, right?
The types of goods produced by these producers and distributors are very diverse. Clothing, fabrics, accessories, electronic equipment, bags, shoes, and other items that are found in almost all online and offline stores are all contained in the data in this database business. No doubt, this business has become a business that is very attractive to potential data buyers.
Wrong or right, profit or loss in this database business is back to the personal opinion of each individual. However, of course there is nothing wrong with getting to know one of the businesses that is in great demand by the residents of this country.
By understanding all the database business information: understanding, how it works, profit or loss?, types of goods being sold, you will certainly be wiser to consider whether or not to join this business.
