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The Business 4 Sports community of websites are owned and run by Web Resource Ltd - specialist designers and developers of online communities.
More information about the company and the people behind it can be found at www.webresourcelimited.com
How does it work?
There is no set revenue model that has to be followed - it is down to the specific community administrator(s) to set the commercial terms. Generally however sellers pay an annual fee for listing their business up on the community website and pay a percentage of any transaction that is conducted through the site to the sports club.
If items are sold through the online auction facility then a percentage of the sale price is also given to the sports club.
The underlying premise that makes the community concept work is trust. There is no sophisticated secure online payment mechanism to capture transactions - this would be prohibitively expensive and would attract charges that would reduce the revenue generated for the sports club.
Sellers and buyers notify the community administrator every time a transaction takes place using the notification form on the site - the commission payment is then automatically calculated and added to the cumulative total displayed on the site for all to see.
An invoice is generated by the community administrator and the fiunds are paid directly to the sports club.
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