Sunday, October 6, 2013

Lazada helped push local e-commerce forward

If there is a company worthy of being mentioned to have helped push the local e-commerce economy forward, that company would be the online shopping mall lazada.com.ph .  This online shopping company packs a powerful punch and introduced a handful of innovative approaches to online shopping so it would be a shopping activity that a lot of consumers can enjoy anytime, anywhere and whenever they please. Let’s analyze the impact of Lazada to consumers, to the local e-commerce industry and the economy in general.

Impact to consumers:

The impact of Lazada on how consumers do online shopping can be looked at in so many different ways and angles. The primary would be convenience. The company turned online shopping into a very simple and enjoyable way to purchase products. First off, the company introduced the cash on delivery payment method that practically paved the way for the massive acceptance of online shopping by the general public. Lazada has broken through the credit card barrier that effectively barred a lot of people from doing online shopping since credit card is not as popular locally as it is in other developed countries. A lot of people still pays their purchases using cash and prefers to keep it that way because it is a very simple method to transact and do business. Online shopping has also become more and more mobile thanks to Lazada’s mobile app that can be downloaded to your tablet or smart phone which means that consumers can shop anytime and wherever and whenever they want to. That kind of mobile online shopping application has not been seen in years and is something new that also helped push e-commerce and online shopping forward.

Impact to the local e-commerce industry:

The indirect impact that Lazada had on the local e-commerce economy and industry is that it made the industry more vibrant. The company influenced other online shopping companies to follow suit in terms of establishing online businesses. A lot of e-commerce companies popped out after seeing Lazada’s success during the first year of its business operations. Lazada demonstrated that e-commerce can thrive in the local economy and can be patronized by consumers. This inspired a lot of business minded individuals to come up with their own online shopping stores and retail shops. The bottom line is that it benefits consumers in the end because the sudden proliferation of online shopping websites provides consumers with more options and more choices.

Impact to the economy as a whole

Online shopping companies and websites are not confined to the internet alone. An online shopping company, to be able to operate effectively needs to commission the services of other providers like delivery services, warehouse rental companies and of course suppliers that provides the product inventories that they sell online. It has a ripple effect on these businesses as they could profit more from the demand that online shopping websites like Lazada can come up with.
Whether directly or indirectly, it is undeniable that Lazada Philippines helped push e-commerce forward and is a prime contributor to the economy.   

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