Business investing
on the Ecommerce industry in South East Asia is actually very challenging for
most prospect business investors in the past. Compared to other countries, we
are actually behind in adopting Ecommerce in our Country’s Internet activities.
It was actually a challenging role for anyone to have a successfully running
Ecommerce website in the Philippines. Majority of the population in South East
Asia can't actually pay online conventionally during that time. Most of the
people don't have a credit card. For the few who do possess a credit card, not
all of them are convinced in online transactions. It's actually expected since
online frauds and scams are widely known online. Sadly, it is perceived that
way in the online community. We just can’t trust them given the history that we
are aware about it.
Credibility is
usually questioned on online businesses as compared to offline businesses. In
offline business, deals are usually done face-to-face that's why we think it's
safer. However, we are overlooking the legit online businesses that offer
better prices compared to offline. Online stores since unlike traditional
offline malls usually offer lower costs, they don't usually pay any rental fee
for their store rent. It actually makes online stores more enticing since they
can offer better discounts and promos. This is actually an obvious tactic that
they needed to do in order to lure customers to online shopping. Lazada Online Mall
is a good example that is also available in South East Asia. It is an online mall that is similar to what
the consumers see or get from a typical traditional offline mall in the
Philippines. They off
In the
Philippines, they are actually one of the key online shopping malls that offer
huge selections that are similar to a department store. They first introduced
Cash on Delivery or simple called C.O.D. By offering this payment method, it
allowed them to reach their success up to now, which is still growing. They
already received glorious achievements despite just celebrating their first
year last April. Since last year, most of their competitors showed up from
nowhere. It clearly shows that Filipino businessmen are now open to the fact
Ecommerce has a future in the country. We can only become spectators as online
shopping takes off in the coming years. With this mall's unusual approach in
the local market, they managed to win the customer's side. With the
availability of C.O.D., they now tap customers that can’t pay in credit card.
This increased the current market audience since majority of the local online
users can only pay via cash. On top of that, they even offer possible free
delivery as long as the transaction value exceeds one thousand pesos. Once a
transaction goes above the one thousand mark, they will shoulder the shipment
fee. Now that they can offer Cash on Delivery and Free Delivery, it can easily
convince any customer to try online shopping over offline shopping. Nowadays,
it hard to see them apart on what they can offer.
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