Tribhuvan University - Faculty of Management - Project Report on Hamrobazar
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This project report explores the e-commerce platform Hamrobazar.com, focusing on its services, SWOT analysis, security management, and recommendations for improvement. It provides insights into the online marketplace dynamics and user interactions.
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Tribhuvan University Faculty of Management HAMROBAZAR A PROJECT REPORT Submitted to Department of BBM SHANKER DEV CAMPUS In partial fulfillment of the requirements for the Bachelors in Business Management Submitted by : Rupsana Shrestha[Reg.no 7-2-39-1549-2018] Sharadhha Khadka[Reg.no 7-2-39-1560-2018] Upasana Shrestha[Reg.no 7-2-39-1564-2018] Shreejan Sthapit[Reg.no7-2-39-1919-2018] Mridul Neupane[Reg.no 7-2-39-1913-2018] August, 2022 Under the Supervision of Kabindra Koirala
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Tribhuvan University Faculty of Management Shanker Dev Campus SUPERVISOR’S RECOMMENDATION Ihereby recommend thatthis projectprepared undermy supervision byRupsana Shrestha, Upasana Shrestha,Sharaddha Khadka,MridulNeupaneandShreejan Sthapitentitled “Hamrobazar.com”in partialfulfillmentofthe requirements forthe degree ofBachelorof Business Management is recommended for the final evaluation. ----------------------- Kabindra Koirala Project Supervisor Shanker Dev Campus Putalisadak - Ramshah Path, Kathmandu College
Tribhuvan University Faculty of Management Shanker Dev Campus LETTER OF APPROVAL Thisisto certify thatthisprojectprepared byRupsana Shrestha,Sharaddha Khadka, Upasana Shrestha,Shreejan SthapitandMridulNeupaneentitled “Hamrobazar.com”in partialfulfillmentof the requirements for the degree of Bachelor in Business Management, has been evaluated. In our opinion, it is satisfactory in scope and quality as a project for the required degree. ……………………………. Supervisor Kabindra Koirala, Supervisor Shanker Dev Campus, Putalisadak-Ramshah Path, Kathmandu ……………………………………… Director/Co-ordinator/HOD Rita Maskey,Director Shanker Dev Campus, Putalisadak-Ramshah Path, Kathmandu --------------------------- Internal Examiner Pascal National College ---------------------------- External Examiner Tribhuvan University
ABSTRACT The purpose ofthe projectentitled as“Hamrobazar” isto gatherinformation aboutthe E-commerce Platform Hamrobazar.com,thathelps to buy the right product according to the specifications which is user friendly simple, fast, and cost-effective. It deals with the collection ofgoods/products.The main function ofthe system is to buy and sellnew/used products according to the preferences of customers.Basically,it’s a link between customer to customer. This website can be accessed without logging in for now. It is accessible to anybody who wants to view the products and services that are being offered by this website. And for admins, there is a login ID and password to add and delete the details of products accordingly. The data can be retrieved easily. The data are well protected for personal use and makes the data processing very fast. The main objective of this website is most people don’t know which product is suitable for them to buy.This platform allows the customer to compare the products according to price and their needs. In general, this helps the buyer choose the right product according to the price. Keywords: Second Hand products, compare, price.
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ACKNOWLEDGEMENT The success and finaloutcomes ofthis projectrequire a lotof guidance and assistance from many people, and we are very fortunate to have this all along the way to its completion. We are very glad to express our deepest sense of gratitude and sincere thanks to our highly respected and esteemed supervisor,Mr.Kabindra Koirala, Lecturer of Shanker Dev Campus for his valuable supervision,guidance,encouragement,andsupportincompletingthiswork.Alluseful suggestions for this entire work and co-operative behavior are sincerely acknowledged. We would like to express our specialthanks and gratitude to our director, Rita Maskey ma'am who gave us valuable suggestions regarding this project. We thank allourfriendsand teacherswho have contributed directly orindirectly to the accomplishment of this project. We would also like to thank our parents and friends, who helped us a lot with this project within the limited time frame. In the end, we would also like to thank Tribhuvan University for giving us this opportunity via the course of Management to help us understand the project ethics at this early stage and help us evaluate our knowledge and expand it a little more.
Contents SUPERVISOR’S RECOMMENDATION LETTER OF APPROVAL ABSTRACT ACKNOWLEDGEMENT CHAPTER 1: INTRODUCTION1 1.1Introduction of the project work1 1.2Objectives of the study2 1.3Methodology of the study2 1.4Significance of the study3 1.5Limitation of the study3 Chapter 2: Organizational Study4 2.1 Introduction of the Website4 2.2 E-commerce Business model5 2.3 SWOT Analysis6 2.4 Products and Service Offered:8 2.5 Review of Website:8 2.5.1 Look and Feel:9 2.5.2 Content and Catalog Management9 2.5.3 Payment Management11 2.5.4 Security Management12 2.5.5 Search Management13 2.5.6 Communication and Collaboration Management13 2.5.7 Notification Management14 2.5.8 Profile and personalization management14 2.5.9 E-marketing16 Chapter 3: Conclusion, Lesson Learnt and Recommendation17 3.1 Conclusion:17 3.2 Lesson Learnt:17 3.3 Recommendations18 References:19
CHAPTER 1: Introduction 1.1 Introduction of the project work This project provides information obtained through field visits and website analysis regarding the online electronic store Hamrobazar.com. The report pays particular attention to various services offered performance, durability, reliability, payment management etc. of the site. The reportis basically prepared for the partialfulfillmentof the requirement for the degree of Bachelor of Business Management (BBM). As our course demands, the report works as a basis for internal evaluation and viva examination. E-commerce stands forelectronic commerce,which means buying and selling ofgoods and services using the internet. The purpose of e-commerce is to allow consumers to shop online and pay online through the Internet, saving both time and space for customers and enterprises. The e-commerce industry is gaining wide popularity in Nepal.However, we Nepalese people are too habituated to shop,even though the website provides us with detailed posts by saying their products are leaning more towards online shopping sites in Nepal. The products transparent price listing, ease of getting stuffs delivered when we feel comfortable is rapidly getting in mind of Nepalese. Before,buying and selling goods and services used to be done partially through phone calls or emails. Now, with a single website, transactions can be executed online. There are five essential categories of e-commerce; ●Business To Business (B2B) ●Business To Customer (B2C) ●Business To Government (B2G) ●Customer To Customer (C2C) ●Customer To Business (C2B) There are various e-commerce websites forevery field.Websites like,Daraz,Jeeve Health, Muncha, Sastodeal, Hamrobazar, Neostore, Prettyclick, Foodmandu, etc. are quite popular in the context of Nepal. 1|Page
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This report includes a review of the Hamrobazar website precisely so that a general idea can be set out about how to use an e-commerce site and what it is about. Hamrobazar.com is Nepal’s No. 1 e-commerce marketplace, which enables sellers to list a wide variety ofnew orused products and services online.This website gives free ad space to individuals or companies to enlist their products (new or used) for buying and selling. 1.2 Objectives of the study ●To highlight the services provided by Hamrobazar e-commerce website. ●To acknowledge the benefit of online marketplace. ●To evaluate the SWOT analysis of Hamrobazar site. ●TobefamiliarwiththeoperationofHamrobazarwebsitelikeitspayment management,security management,search management,itscommunication and collaboration, notification and so on. ●To get knowledge about the products and services offered by the website. ●To know the detail information about profile management while using this website. 1.3 Methodology of the study This research is based on a more desk study research design. This is all called the "literature review method." In this method, the data or information are collected from secondary data or other resources like articles, journals, and other sources. This report would not be completed withoutthe collection ofdata.To collectreliable and factualdata,we also used various instruments, such as cell phones, cameras, computers, etc., in our data collection procedure. We used secondary sources like; ●Information from the official website of Hamrobazar.com ●Brochures of Hamrobazar.com 1.4 Significance of the study This projectis assumed to be helpfulforthe learners to develop theirunderstanding of websites. It may acts as a reference and guide to juniors for educational purpose. This report 2|Page
might be informative for readers interested in particular subject matter. The reports will also insight about Hamrobazar.com. The major implications of the study are: ●Thisstudyenlightenstheinformationrelatedtoproductsoffered,services, organizational structure and business model of this e-commerce website. ●This study can give us guidance related to operation of this website. ●We willbe familiaraboutthe strengths,weaknesses,opportunities and threats of hamrobazar.com. 1.5 Limitation of the study ●The validity of the study depends upon the accuracy of information provided by the respondent, information found on different websites about Hamrobazar.com. ●Notmuch information wasavailable aboutHamrobazar.com on varioussearch engine websites. ●Limited detail view of overall functioning on Hamrobazar.com. ●The study might not be able to fulfill the desire to know the details of the prescribed departmentanditstransactionsdueto confidentiality reasonsand politicsof Hamrobazar.com. 3|Page
Chapter 2: Organizational Study 2.1 Introduction of the Website Hamrobazar.com has become the largestonline buying and selling platform in Nepal.This company was founded by Prabal Saakha with the help of Pranav Shrestha and Pranay Shrestha. Hamrobazar has the facility for any individual to buy or sell their favorite products at any time from anywhere. Here, customers can buy and sell second-hand materials too. This site includes products of each type under various different types of categories. There is no extra charge forlisting orpurchasing any item orproducton Hamrobazar.com.Using this e-commerce platform, people do business worth millions of rupees every day. Here, the company makes money through third-party advertisements. Fig 1: Homepage of Hamrobazar.com 4|Page
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Every day, this page gets around 2M plus views. The average time spent on this website is 12-13 minutes. This site is a free online classified marketplace that enables sellers to list wide varieties of brand new or used products. Hamrobazar.com believesthattheinternetisagreatpromotionalvehicleaswellasa communication channel for connecting buyers and sellers. On this website,both buyers and sellers can interactdirectly with each other.There is no middleman when operating through this website. As perthe NTA April2019 report,the numberof internetusers in Nepalhas reached 18.24 million (including 14.24 million mobile data users),which itself indicates thatthe marketfor internet advertising is highly lucrative. This website is visited by around 800,000 unique visitors permonth forbuying and selling purposes.On hamrobazar.com,products willhave more comprehensive detail and pictures, enabling customers to make better choices. Hamrobazar.com isadigitalclassifiedmarketplace.Hamrobazar.com hasmaintained environmental sustainability as products that have been used before can be bought or sold, which supports recycling management.This has generated employmentopportunities.Also this can reduce imports of goods.On this site,customers can use their bargaining skills and sellers can use theirselling strategies.In orderto grow oursmallbusiness,Hamrobazar.com is the best platform that one can use. In order to promote our products/services through this website, we have to become members first by registering our contact details on the site. Thus,Hamrobazar.com is a cheap way of advertising any of our products and services, and it serves its customers 24/7. Here, the seller has total control over the ads they have posted. 2.2 E-commerce Business model Hamrobazar.com followsaC2C (Customerto Customer)businessmodel.Here,normal individuals like us can be buyers as wellas sellers.In general,customers selltheironline productsto anothercustomer.Thissite is the perfectexample ofintermediaries to match customers.Here,the website is justthe platform where products and services are listed.The 5|Page
buyer directly contacts to the seller through the given contact details. This site doesn’t check the quality of products or services being offered. Fig 2: Consumer to Consumer model in Hamrobazar.com 2.3 SWOT Analysis SWOT analysis is a strategic planning and strategic managementtechnique used to help a person ororganization identify strengths,weaknesses,opportunities,and threats related to business competition orprojectplanning.Every company has various factors determining its strengths,weaknesses,opportunities,andthreats.Likewise,theSWOTanalysisof Hamrobazar.com are as follows: STRENGTHS: ●Hamrobazar.com facilitates 24/7 market place for products and services. ●Hamrobazar.com isa popularwebsite which is recognizable among consumers and merchants. ●Hamrobazar.com is a cheap way of advertising of product and services. ●Ithas been able to give services to both customers as wellsellers withoutcharging a single amount in return. WEAKNESSES: ●Hamrobazar.com focusing on making iteasierforpeople to communicate efficiently within the app, which would be a challenge given that people are used to calling directly. ●Hamrobazar.com should invest on advanced technology/modern technology. 6|Page
●Hamrobazar.com shouldintroduceeasyreturnpolicyandfocusedoncustomer satisfaction. ●Hamrobazar.com is lacking of verified and trusted seller and also customers are receiving fake or faulty products. OPPORTUNITIES: ●Hamrobazar.com is a platform ofreaching a globalaudience,thereby increasing sales opportunities. ●Hamrobazar.com is a website where pre-sales activities generate sales lead. ●Hamrobazar.com hasan opportunity to improve itsinnovation forcompetitiveness through product development. ●Hamrobazar.com meetcustomers where they wantto buy and also makes easierfor online payment by using financial institutions like e-banking, m-banking, etc. THREATS: ●Increasing trend of online business marketplace like; Facebook and Instagram has market place where we can buy and sellused ornew products,by which Hamrobazar.com website might be affected or fade slowly. ●Facebook and instagram are more convenient rather than using or downloading website like hamrobazar.com. ●New entrantsareenteringwithgreatskillsandexperiencebecauseofgrowing e-commerce day by day. This has been a tough challenge to Hamrobazar.com ●Growth and expansion of Hamrobazar.com is stilllimited because of lack of advanced technology and internet access. 2.4 Products and Service Offered Hamrobazar.com is a kind of online market that helps buyers and sellers meet with each other. Different used or new products and services can be listed on this platform.It gives a platform to millions of users. And the products and services provided by Hamrobazar.com are: ●Apparels and Accessories 7|Page
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●Beauty and health ●Electronics ●Books and learning ●Automobiles ●Business and industrial ●Events and happenings ●Home, Furnishing & Appliances ●Mobile and accessories ●Music Instrument ●Pets and Pet care ●Real Estate ●Services 2.5 Review of Website Hamrobazar.com is Nepal’s No.1 marketplace, which enables sellers to list a wide variety of new or used products online. Hamrobazar.com has a rating of 4.6 stars, reflecting the satisfaction of its customers with the service quality.Overthe lastthree months,Hamrobazar.com’s global ranking has increased from 51,777 to 44,674 whereas some complaints regarding the delivery time can be seen from different users. 2.5.1 Look and Feel: Look and feelofthe website is whatwe see is whatwe get.The ‘LOOK’ is defined by the components of your website like color, palette, image, layout, font choices, and overall styling. The ‘FEEL’isdetermined by characteristicslike the movementand response ofdynamic components,like dropdown menus, bottoms forms, and gallery sound effects, and the speed by which pages and images load.However,the look and feelof the hamrobazar.com website is more creative with colors, textures, and image choices. 8|Page
2.5.2 Content and Catalog Management Content management is the process for the collection, delivery, retrieval, governance and overall managementofinformation in any format.Itis simple to change productlayout,include promotionalbanners and effectively create new sections on an online store to promote certain product. Catalog management is the process of ensuring that your product database is organized, structured,and up to date across allonline sales channels.Hamrobazar.com is free online classified which enables individuals as well as companies to list a wide variety of new or used productsvehicleaswellasa communication channelforconnecting buyersand sellers. Hamrobazar.com is a perfectsolution that helps to list your products for free. Hamrobazar.com categorized its products and services into various category thatis targeting particular market where the customerlooking to buy various products.Anything we searched then the product information is available showing the prices of the product,product details and product images too. For buying the items the users can contact seller through the emails and phone number as the selleremailand phonenumberispresented in sellerdetailsand description.In search managementof hamrobazar.com we can find the features of search by top matching categories through which we can easily find the product.The commerce site has been working on as an onlineshopping platform from 2015.Productand servicesin Hamrobazarwebsite are categorized as: ●Apparels & Accessories ●Automobiles ●Beauty & Health ●Books & Learning ●Business & Industrial ●Computers & Peripherals ●Electronics, TVs, & More ●Events & Happenings ●Fresh Veggies & Meat ●Furnishing & Appliances ●Jobs 9|Page
●Mobile Phones & Accessories ●Music Instruments ●Pets & Pet Care ●Pets for Adoption & Free Stuff ●Real Estate ●Services ●Toys & Video Games ●Travel, Tours & Packages ●Want To Buy (Buyer’s List) 10|Page
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2.5.3 Payment Management Hamrobazar.com is an e-commerce site where transactions are done through the C2C method, which is customer to customer deal. Hamrobazar.com provides customers with the products they are looking for. At first they meet their seller to check the product. Once, they are satisfied with the product and agree to purchase it,they have to visit ATM to arrange cash for their payment. Hamrobazar highly recommend mobile wallets like (IME Pay, E-sewa, Khalti, Connect IPS etc.) or bank transfer instead of cash in hand. Buyer must confirm about the acceptance of particular digital payment method before meeting. 2.5.4 Security Management Security has its own contribution to the reliability of a system. For a system to be reliable, which means clear and safe, all its components must be reliable. ●Encryption Themethod by which information isconverted into a secretcode thathidesthe information’strue meaning isknown asencryption.Thisplatform commonly uses Secured Socket Layer (SSL) as their tools to secure their networks. Due to its high level of privacy, this site can be listed as a secure e-commerce. ●Reliable Order Fulfillment Hamrobazar.com guarantees that the order placed or purchased by the customer meets or exceeds theirexpectations.Hamrobazar.com suggests to the user,with its selection of products and services,whatthey are looking for within their financial budget and their willingness to make payments for their particular purpose. ●OTP Code generation Hamrobazar.com creates One Time Password and then we only get authentication access after we enter the code that is sent in our verified device.The code generated is the secure measure that verifies the user’s contact number. 11|Page
2.5.5 Search Management We can easily search any products and services offered by the hamrobazar.com website through the search bar. The products can be listed from higher to lower price or vice-versa. This helps the customer compare the products according to price. To buy any items, buyers have to go through its website or download the Hamrobazar application and order through it. We can deal through phone calls and make payments through online or in delivery. 2.5.6 Communication and Collaboration Management Communities with customers,suppliers,and others existon Hamrobazar.com.However,the company's community relations with its clients are notas successfulas they are with other groupsbecause they have a live chatroom where customers can talk to suppliers to get information aboutthe productthey are about to order. It is a one-way exchange of information from the perspective of the customers.Despite offering messenger services, Hamrobazar.com's customers have notreceived any feedback regarding the quality or timeliness of the products they have received from other websites. They do not provide any chat room on the website, but they do have a message sender on the web page, which is not as effective as itshould bein orderfor customers to gain information. Customers have several feedbacks for the websites but the websites has not yet gain attention to it. Although they have a message sender on the page, it is not as useful as it could be for customers to gather information because there is no chat room on the website.Although the websites have received a variety of customer reviews, no one has yet paid them any attention. FAQs (Frequently Asked Questions) A FAQ is a list of questions and answers about a particular topic, particularly one that provides basic information forwebsite visitors.Itis a document(like one on a website) thatanswers commonqueriesusersmighthaveaboutaparticulartopic.FAQsareavailableon Hamrobazar.com to address questions and issues raised by both new and seasoned customers. These are the hamrobazar.com FAQs. 1. Is Hamrobazar.com a retailer? 12|Page
2. Where does the seller sell their products? 3. What commission fees does Hamrobazar.com charge? 4. How should I pay in cash? 5. Can I change or cancel my order? 6. At what time do you provide services? 2.5.7 Notification Management Customers are informed of any new information by way of a pop-up notification on the website or application page.Furthermore,emails and Facebook are used to deliver the notifications. It provides specific descriptions for each productso thatcustomers can learn allthe details they require to understand the product.When you log in to the website,it creates a profile of your activities, as well as your preferences for and opposition to a given production, in order to inform customersoftheirtastesand affordability.Hamrobazar.com notifies you ofnew and used products that are available on the website based on the goods you have brought and are likely to purchase at a reasonable price. 2.5.8 Profile and personalization management The free online classified site Hamrobazar.com enables both individuals and businesses to lista wide range of new and used products online. Hamrobazar.com is a superb option that enables you to list your products forfree and is a fantastic conduitfor bringing consumers and sellers together.According to Hamrobazar.com, the internet is a fantastic tool for advertising as well as a means of contact for matching consumers and merchants. Being an online classified website, it is primarily concerned with giving users the precise selection of goods they're looking for. Around 800,000 unique users every month come to Hamrobazar.com to purchase and sell things. If we wantto promote or listour product/service through hamrobazar.com,we have to follow following steps; 13|Page
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●Atfirst,click on "login" and then "getstarted." Now,fillin yourdetails (fullname, mobile number, and then generate a password). Then you can sign up. ●The site sends you an OTP code, which you have to enter. ●Next, you can login to the site using the number and password. Fig 3: sign up page. ●After you are logged in, you can change your personal information whenever you want. ●Then, if you are a seller, you can add four pictures and their details and create an ad for your product/service. ●While posting an ad,we have to choose a suitable category for our ad, then fill up the form with the description, price of the product. 2.5.9 E-marketing Human behavior and nature are so dynamic.We constantly wantto change,and our likes and preferences change with time,trends,and technology. Realizing this nature of human behavior and the large increase in the number of internet users in Nepal, the founder of Hamrobazar.com saw an opportunity and founded this platform around seven years ago. 14|Page
Hamrobazar.com has made it possible for their customers to use their service for free, allowing them to buy and sell their products at any time. The reason for the popularity of hamrobazar.com is: ●Easy and catchy name to remember ●Back then few e-commerce site that provides buying and selling of goods ●Cheap way of advertising your product and services ●Easy and free to use ●Easy in dealing products(Find an item, Contact the seller, Finalize the Deal) ●Wide variety of product and services ●Easy in maintaining user’s product in control panel Hamrobazar.com is reported to have around 50,000 unique visitors who use the site for buying and selling purposes. Hamrobazar.com E-marketing is based on six pillars ●Freely offering its product and service ●Providing wide range of products ●Using existing communication system ●Using customer-friendly interface ●Easy scaling and mining the products ●Utilizing universal behavior and mentalities Hamrobazar.com has focused its marketing efforts on some key strategies like continual website improvement,and socialmediaadvertising platforms(Facebook,Twitter,Linkedin)have become its backbone to attract users toward them. The variety of products that Hamrobazar.com offers in different categories with different product lives suggests a large degree of stability in the e-commerce field. 15|Page
Chapter 3: Conclusion, Lesson Learnt and Recommendation 3.1 Conclusion Despite being the leading buying and selling marketplace fornew and used products and services,Hamrobazar.com needs to improve severalaspects ofits business in order to make online marketing more effective, efficient, and trustworthy. It needs to adapt measures to qualify the products and services, so that customers can trust the site easily. Although, hamrobazar.com has developed an app through which it is convenient for users to navigate, this site needs to focus on more advanced features. This reportprovides an analysis of the procedure for logging into the site as wellas detailed informationaboutthewebsite.Themainobjectivewastoanalyzethefeaturesof Hamrobazar.com, its effectiveness, its reviews from general customers, and its drawbacks. When doing online shopping,the buyerand sellermay be concerned abouttheirdata being intercepted by third parties who may misuse it, or it may be difficult to trust the images and the individualwho may defraud them. Thus, one of the main features of this site is, that customers can feelthe productphysically before purchasing it.A customercan setup a meeting by interacting through phone calls. One can examine the product before buying it. Also,Hamrobazar.com asks the seller to verify their contactnumber to prevent fake ad/ spam postings. 3.2 Lesson Learnt Working with the team and writing a reportaboutHamrobazar.com hasbeen a fantastic experience thus far.First of all, we all had the opportunity to explore such interesting websites. Wegottoknow aboutthestrengthsandweaknessesandotheressentialfeaturesof Hamrobazar.com.With the continuous discussion and involvementwith the basic research of Hamrobazar.com, we have been able to acknowledge the following understandings: ●We have detailed knowledge about the main features of Hamrobazar.com. ●We have known the business model and network security used by this website. 16|Page
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●Wehavegotfamiliarwiththestrengths,weakness,opportunitiesand threatsof Hamrobazar.com ●We have learnt that a good teamwork and collaboration can lead into better findings and result while writing report. ●We are now capable to do research about any other different websites and create report according to them. ●We have got ideas about creating accounts in this site and how we can post any ads. ●We have also learntaboutsome of the drawbacks that this website can improve in near future. ●We have also learntthatinternetis a greatpromotionalvehicle as well communicating channel that connects buyers and sellers. 3.3 Recommendations Hamrobazar.com has benefitted so many users, though the website has to improve certain things. Some of them are mentioned below: ●Sometimes,people love free gifts and giveaways,hamrobazar.com can organize such campaigns than can encourage more users to follow this Hamrobazar app. ●Differentmarketplace has been slightly taking place of hamrobazar.com like, Facebook marketplace as well instagram market place. Hamrobazar.com should focus on inventing more features thatcan ensure more security and quality products thatwilldifferthis e-commerce site from other marketplace. ●Hamrobazar.com should actas medium forverifying and qualifying the products to minimize fraud ads. ●Security and fraud prevention must be top most priority that can earn more customers. ●Hamrobazar.com should shiftexisting users to the new updates and understand how to handle the traffic. 17|Page