In this
generation, digital and technology is almost part of our daily lives. It has
become our very helpful ally in making our lives far easier. We pretty much do
everything online nowadays. We even do our shopping online which is an online
industry that only started in the country a couple of years ago. Online
shopping is now a rising trend in the country now that it has become popular to
the local online users. Believe it or not, this wasn't the case a few years
ago; people were hesitant in online shopping. There's a lot of scams happening
both for online and offline in the country. It is why transactions done online are
not highly regard by most of the local online users. In the local online space,
local online classified websites were the premiere local websites closest to
Ecommerce. Ridiculous as it may be, but this help prepared the rise of the
Ecommerce industry. An online marketplace was eventually created because of
their online presence.
During the time
local online classified websites didn't exist, local online users didn't know
where to go in online. It became a website for canvasing the market price of
the item they want to buy offline. It paved way for local online users to
maximize the usage of Internet. A lot of small business used this buy and sell
platform. The difference between them and Ecommerce is that it is third party
resellers who gain from the traffic. Buyers and sellers from local online
classifieds usually are dealt with offline. The same goes for group buying
websites for the impact it did on local users. They paved way for upcoming
Ecommerce websites in the country. By the time Ecommerce arrived in the
country, local online users are somewhat familiar in doing transactions online.
One reason why online shopping was ever considered is because they can gain
more than what they are risk. It was hard to find better deals than what online
users found on group buy websites. With lower prices being offered by group buy
websites, it made it harder for local online users to refuse them.
Last year, Lazada
Online mall was launched in the Philippines. An online mall ventures available
across South East Asia. The Samwer brothers who own Rocket Internet back it.
With their payment methods, the Philippines’ Online Shopping Mall helped the
local Ecommerce in the country. Customers are given numerous kind of payment
methods which they finding fitting for themselves. It is usually credit card or
PayPal that is allowed to be used for paying online by online malls. However, with
these payment methods alone, it limits the customers in making a transaction
with online stores. They were one of the first online malls to offer Cash on
Delivery or C.O.D. as an alternative form of payment method. It allowed the
untapped market to be subjugated by the company in the country and dominate the
online shopping market. This is actually the majority market in the
Philippines. It allowed the Ecommerce to grow with these markets now included.
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