Online shopping is starting to
unfold in Asia and the online users are starting to grow at an exponential
rate. This gives online business more opportunity since the market share is
growing. However, the Ecommerce industry is quite challenging South East Asia
for any investors or business owners in the early 2000. The capable to pay
online market audience were actually still very low at that time. Among the
online population, only a few of them possess their own credit card. As for the
minority credit card owners, not all of them are willing to pay via online.
Given that online frauds and scams are everywhere online, it's only normal that
it's the reaction from the online market. It's usually harder for online
business to get more credibility compared to traditional offline business.
We often get a feeling that
dealing offline face-to-face is much better than not seeing whom you are
dealing with in online. However, we are overlooking other legit online stores
who offer better deals. Since online malls don't store rental fee, they usually
offer lower priced items. Online malls regularly offer great discounts that
give them edge to customers. In order for them to convert offline customers to
online, they really needed to offer those kinds of deals. Website like Lazada PH is one of those
online stores in South East Asia. In the Philippines, they are one of the first
offer enormous selections that are parallel to what offline mall offers. This
online mall first introduced Cash on Delivery or C.O.D. to the local online customers.
This payment method actually helped them catapult to one of the leading players
in the online industry.
They already received glorious
achievements despite just celebrating their first year last April. Upon their
arrival on the country, that's when their competitors showed one by one. This
just proves that they opened the eyes of businessmen about the potential of
Ecommerce in the country. On how far online shopping will be part of our lives?
Time will only tell for now. With this mall's unusual approach in the local
market, they managed to win the customer's side. With the availability of Cash
on Delivery or more known as C.O.D. payment method, they were now able to tap
customers that can’t pay in credit card or Paypal.
The market audience increased n
volume since anyone can order and pay in cash On top of that; they even offer
possible free delivery as long as the transaction value exceeds one thousand
pesos. Shipment fee of the Philippines’ Online Shopping Mall will be shouldered
as long as the overall transaction value of their customers is one thousand
pesos and up. By combining Free Delivery and Cash on Delivery, it entices
customers to pick online shopping rather than go for traditional shopping. Any
online customer won’t have a hard time figuring out on whether to try online
shopping or not since the risk is not that high compared to conventional online
stores in that past. It is easier to trust an online store with this kind of
setup.
No comments:
Post a Comment