Developing robust entrepreneurs on campus

Department of Building and Property Management Head Low Chin Kian (front row, third from left) with M3EC Millennium Sdn Bhd team members (front row, fourth from left ) Elvis Wong, Tan, Calvin Tan, Chan and Pua with all the competition participants

UTAR Faculty of Accountancy and Management (FAM) and Unovate Centre organised an E-Commerce Talk at UTAR Sungai Long Campus on 13 February 2020. The talk was part of the agenda for E-Commerce Business Plan Competition - Jom! Start E-Com. The purpose of the talk was to provide the participants with a better idea of creating a business plan.

The talk was conducted by a team from M3EC Millennium Sdn Bhd, who is the main sponsor of E-Commerce Business Plan Competition - Jom! Start E-Com. The speakers were M3EC Millennium Sdn Bhd Operation Assistant Manager Pua Min How and Risk Manager Assistant Chan Jiunn Wah. They shared their journey of becoming entrepreneurs, the challenges in e-commerce as well as internship and job opportunities available in their company. Also present at the talk were Founders of M3EC Millennium Sdn Bhd Calvin Tan Weng Kong and Elvis Wong Yoong Tat, Business Development Director Tan Lay Huai and participants of E-Commerce Business Plan Competition - Jom! Start E-Com.

Pua began the talk by introducing the concept, e-commerce. He mentioned that e-commerce is an online business platform that involves purchasing and selling of goods and services through the internet with the transaction of money to complete the business deals. According to him, e-commerce has been growing rapidly because it can be done anytime, anywhere. Pua also showed the comparison between the traditional store and the online store and mentioned that most of the businesses these days were shifting towards the online platform.

Pua introducing e-commerce

Chan then continued by sharing the trends of e-commerce. “E-commerce is becoming a trend now because of generation z and also because the public is changing their lifestyle,” he said. He then introduced his company, M3EC Millennium Sdn Bhd. The company, according to him, is a growing e-commerce company established in the year 2015 with a team of young and vibrant people. The company provides consultation and offers e-commerce solution to transform traditional business to online business and sell their product on online platforms such as Lazada and Shopee. Chan also shared his company’s daily business flow that involved receiving and managing orders, pick and pack, delivery, customer service, return and warranty, and customer feedback.

The talk continued with Chan sharing the challenges that usually arise in e-commerce business. The challenges include intense competition among sellers on the online platform, a huge amount of fund to operate the business, the need to maintain customer loyalty as well as tackling customer with different attitudes. Chan also briefed the participants on internship and job opportunities available at M3EC Millennium Sdn Bhd and welcomed the students to join them as a team.

Chan sharing the background of M3EC Millennium Sdn Bhd

Elvis Wong advised, “If you are looking for a product to start an e-commerce business, I will advise you to survey the local market first instead of venturing into the China market. As a fresh entrepreneur, you might not know the condition of the current market and you may face the risk of getting a low-quality product. I would also suggest you to go through the Alibaba App or Google to research about the products. You would be surprised to find a lot of interesting ideas there.”

Souvenir presentation and group photo sessions were held before the talk adjourned.

Low presenting a souvenir to M3EC Millennium Sdn Bhd Founder Elvis Wong (second from right)