Sunday, July 28, 2013

Lazada PH: Why Ecommerce matters in the country

The trend in online nowadays is online shopping, which is currently on the rise in the Philippines.  This trend changed how the local online users thought on how they can maximize their Internet usage. Two years ago, online shopping was in a different place, a place was people don't consider them at all. It's no secret that both online and offline frauds happen at high rate in the Philippines. It is why transactions done online are not highly regard by most of the local online users. Top websites in the country were local online classified ads in the buy and sell industry. They contributed in preparing the local online users for the arrival of online malls in the Philippines. A marketplace community was eventually born thanks to these local online classifieds. Buy and sell was harder online classified wasn't available yet and relied only thru offline. It became more of a reference for pricing when they want to buy something. This helped Internet become more diverse for customers. It was a venue for buy and sell local online audience.

Unlike Ecommerce, these are third party resellers who deal with the website visitors. Offline transaction is done here most of the time. The same goes for group buying websites for the impact it did on local users. It paved way for the Ecommerce industry in the country. When Ecommerce websites arrived in the country, they were already prepared for online deals already. Online shopping was still considered since the reward customer's will get beats the risk. The amazing deals offered to customers from group buy websites were very rare. Prices were way lower that local online users struggled to refuse their offered deal. It was only last year when website like Lazada Online Mall was launched in the Philippines. It is an online store venture available in South East Asia. It is powered by Rocket Internet, which is owned by the Samwer brothers. They are globally known as Internet business incubators geniuses. Under Rocket Internet, they own multiple ventures launched across different regions across the globe.

The Philippines’ Online Shopping Mall made an impact in the local Ecommerce industry through its payment methods. Customers are given numerous kind of payment methods which they finding fitting for themselves. Conventionally, only via credit card or Paypal payment is allowed by conventional online malls. These conventional online payments are usually the reason customers don't push through with their orders since they don't any of it. The Philippines’ Online Shopping Mall introduced Cash on Delivery or simply known as C.O.D. as new way to pay online. This payment method helps them to tap the untapped marketing in the country. This market is actually the majority market in the Philippines. By tapping this market, it eventually helped the rise of Ecommerce in the Philippines. Actually, if past online business that made an attempt to launch their business in the Philippines made this same kind of approach, they might have succeeded in taking over local online business platform.



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