Ecommerce: Trending Online Businesses To Start In 2020

ecommerce

There is no perfect time in putting a business online as long as you have technologies and the internet. You can have your online business while having a regular job, it is called an Ecommerce.  It sounds amazing! Putting up your online business is like having an extra job and income. You can also convert … Read more

Things to Consider Before Starting An Online Store

Ecommerce has become a big business in Southeast Asia, reporting over US $500 million investment in 2013 from the online store business. The Philippines isn’t any exception. In fact, the country is included among the Top 10 Highly Developing Nations in e-commerce.

This signifies that it is significant to stay one step ahead of your competitors with a contemporary, revolutionary, and engaging e-commerce presence due to the fact that managing your e-commerce website online is not just an annual mission—it’s a day-to-day project. Business owners should take a closer look at their to ensure that they’re organized with the modern day facets and functionality to meet the expectations of tech-savvy users.

So what should you consider before starting an online store? Here are some characteristics of a good online store.

Characteristics of a Good Online Store

  1. Fully Mobile Shopping

While mobile users will have distinct shopping patterns than desktop shopping purchasers, they won’t tolerate a bad shopping experience. Rather, merchants ought to find mobile-friendly methods to create a good shopper experience, from wishlists to returns.

  1. Good Product Reviews

Gatheringg product reviews from customers as well as delivering a chance to show off opinions on their purchases is vitally important to construct your reputation as a retailer committed to offering patrons with amazing value and excellent merchandise for his or her needs and interests. Shoppers are rather more willing to buy your products when they’ve been reviewed by past buyers.

  1. Expertise

Empower your buyers with trusted and authoritative voices as well as guides to aid them in benefiting more from their purchases. You can bring a known expert to comment on your product pages to bolster consumer’s confidence in their purchases; it also raises the profile of your retailer. You can use commentaries or videos to show customers how your products should be used.

  1. Typo-sensitive Search

Purchasers need more energy and flexibility in their search portal. Faceted search brings extra detail to the process, which in turn makes it easier for customers to zero in on the merchandise they’re wanting to buy. Making faceted search work requires cataloguing which product attributes are foremost to your patrons. Some of those attributes aren’t always features of the product itself, however metadata surrounding it.

  1. Sale Bundles

Strong searches will have to be paired with competent, customer-pleasant merchandising. As online patrons have more and more selections in merchandise and services, the value of guiding consumers with attractive bundles and collections continues to grow. Expert merchandisers are still the purchaser’s ally, as many patrons want to know about what’s new, hot, and extraordinary.

  1. In-Stock Visibility

Shoppers demand real-time visibility of your inventory online. They want to recognize how many items you will have on the shelves, and what the quickest approach to receive them will likely be. They want in-stock indicators for out-of-stock items.

  1. Good Image Zooming

A good example of powerful execution is delivering a clean, high resolution zoom which does not disturb the viewer in his or her shopping experience and gives out an “Add to Cart” button even in the zoomed image view.

  1. Comparisons

Purchasers need to compare each product side by side. Making it simpler for them to construct these comparisons maintains them engaged with your online shop. It’s also a good option to promote by displaying benefits of one item over the other.

  1. Single Sign-on Transactions

Forcing consumers to create accounts used to be intended to strengthen loyalty, nevertheless it creates a burden on consumers who are capable of buying immediately. Your buyers should have a single sign-in throughout their entire net presence. Allow guest transactions without the creation of a password and authenticating account registration.

  1. Social Media Integration

When your buyers speak about you and your merchandise, you cannot afford to be omitted of that conversation. Retailers can pair professionals with first-time consumers, become a member of discussions, promote the uses of a certain product, and conduct transactions from buy to return over social media channels.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. We custom build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Contact us now!

Philippines Ecommerce Stipulated To Improve Philippine Economy

Can Philippines ecommerce help the nation’s economic growth later on? The government pointed out that there’s a lot to be discovered how the nation can function in a digital financial system. The utilization of e-commerce won’t only benefit big companies but, in addition, may benefit small businesses, enabling them to maximize their restrained capital by joining the larger international market.

Inclusiveness does not only just involve granting everybody access and the knowledge to engage in online transactions; it additionally means creating measures aimed at reducing stumbling blocks to online businesses.

There is also the challenge regarding security of digital knowledge. People are often afraid of engaging in online transactions because credit card information may be accessed by others.

Thus, a privacy commission may be needed to see measures of cooperation that guarantees the security of shoppers and marketers alike. With such measures in position, consumers might finally be optimistic with their online transactions as they are with traditional buying approaches.

The Philippine government says that they are looking at the broader agenda and how we are able to improve delivery of items and offerings and the way we can make everybody be a part of this economic breakthrough. By exploring how e-commerce can facilitate industry and trade inside the region, the government and the ASEAN nations are competent to broaden the avenues wherein folks in the Asia-Pacific region can actively participate within the economy.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. We custom build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Contact us now!

The Future of Philippines Payment Solutions For Ecommerce

With the worsening traffic concerns in the Philippines, online browsing and Philippines payment solutions has end up as a handy option than spending time at hundreds of malls in Metro Manila. It has been relatively good to look at how ecommerce, especially online retail, has developed within the Philippines. What began as personal and small marketers and purchasers congregating in interest boards and product boards is now growing to shake up the market.

Online retail has a visible lift with the introduction of ecommerce functionalities on Facebook. The tech-savvy dealers at the moment are even striking up their own self-hosted e-commerce web sites utilizing well-known free PHP scripts like OpenCart and WooCommerce. This is bolstered through the entry of players like Rocket Web’s Lazada and Zalora that furnish merchants an ecommerce platform.

Nevertheless, whilst all of these developments in stores and channels create optimism, supporting business methods like payments have got to strengthen and mature for ecommerce to be truly doable in the nation.

Payment Challenges

While attempting out these ecommerce sites, it is easy to realize how the checkout approaches are not smooth specifically with regards to payments. There are a few payment choices that are available – cash on delivery, bank deposits, remittance centres, credit and debit cards through payment processors, digital wallets, and telco-centered e-money – however not all of these can integrate easily with online store systems.

Consumers are most often redirected to external pages or are sent payment instructions to complete the payment process. Usually after a verification process (typically manually finished) will orders be confirmed.

Many of the available payment choices partly betray the supposed convenience of online searching, as customers will still have to go out and transact at a brick-and-mortar facility. Some digital wallets can only enable topping up both by credit cards or by means of over-the-counter banking. Online banking is stylish on the processor’s support of a certain bank.

The stress is then positioned on retailers to make the most number of payment methods that fits their target consumers. For smaller ventures, this is hard. There are payment processors that integrate online banking transfers and bank cards however expenses will also be prohibitive for sellers without a lot of margin and volume. PayPal is available however with currency conversion, the need for both credit and debit card, and rather better prices for merchants, it stays a less-desired option.

Many smaller retailers are then restrained to accepting deposits by bank accounts or through remittance centres. Others are even compelled to make use of online channels easily as categorized commercials and transact through the ancient ‘kaliwaan’ procedure of meet-ups and cash-on-delivery transactions. That is why cash-on-delivery turns into a potential for bigger ecommerce platforms who can afford risks.

Banking Issues

One of the issues in a establishing nation like the Philippines is the final attitude toward cash. Most Filipinos nonetheless suppose in keeping cash as a substitute rather than placing money in the bank. Only 31 percent of Filipinos have bank accounts. Thankfully, many are now compelled as more employers now choose to credit salaries to employees’ bank accounts. Credit card penetration nonetheless stands at around 7%.

For a growing online population like the Philippines, digital banking appears to have lagged in the back of other nations. In a 2014 McKinsey survey, only 12 per cent of Filipinos have tried online banking. Banks are established however customer -targeted technology is not so much. Each bank would have its own online banking system and most are digital counterparts of their department-established offerings or operate as web interfaces of their ATM machines. This is in stark distinction to online banking in developed regions where online-only banks exist and interbank transactions can be completed in actual-time.

This will simply be a possibility for financial technology (fintech) players to find more modern ways for Filipinos to manage money. China’s banking and card penetration are low however this allowed tech players to spin their services off into fintech.

The Philippines just isn’t alien to equivalent disruption. The boom of mobile phones allowed mobile companies to present e-cash linked to phone accounts. These are more popular over banks because the fee of maintaining a prepaid account is less expensive than keeping a savings account with a bank. The rise of smartphone usage must permit for extra ventures to pursue innovation in digital financial offerings.

The Future of Philippines Ecommerce

Philippine ecommerce will proceed to thrive as more Filipinos find themselves online and, with a growing economy, will reap more shopping power. It is going to be a mission for merchants to furnish enticing and seamless purchasing experiences for their patrons. For this to happen, there should emerge an easy and ubiquitous method of payments that are accessible, secure, and are available at low-cost. Boundaries exist but this must be reframed as opportunities for new fintech ventures to address. At the same time, online retail has a noticeable lift with the popularity of e- and m-commerce channels, aiding trade processes like payments to mature for e-commerce to be really practicable within the nation.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. We custom-build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Contact us now through our chatbox!

 

Philippines Business Owners Urged To Pursue Ecommerce

philippines ecommerce

Philippines business owners, especially from small and medium businesses, are being urged to pursue ecommerce in a government initiative.

Micro, small and medium enterprises (MSME) must benefit from global opportunities by way of ecommerce, says the Philippine government.

The Department of Trade and Industry (DTI) targets 100,000 MSMEs, 11 percent of total MSMEs doing ecommerce by the year 2020.

According to DTI, they are focusing advertising events on ecommerce not only within the East Asia neighborhood but also in the Philippines, to support MSMEs to interact in borderless trade.

This will help MSMEs have interaction without boundaries exchange, given East Asia’s tremendous marketplace for ecommerce.

With the help of a speedier internet connection and increased quantity of internet users, an ecommerce roadshow for entrepreneurs will center on e-industry models, e-payments, ecommerce web development, ecommerce platforms and ecommerce advertising and marketing.

ASEAN already has 143 million internet customers; 44.2 million of them are from the Philippines.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. Improve your business success with Eternus Global Technology Solutions. We combine extensive medical and scientific knowledge with technology expertise. We custom build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Philippines Ecommerce Will Have Major Growth in 2020

The Department Of Trade And Industry (DTI) stated that the Philippine Ecommerce Roadmap (PECR) 2016-2020 will enhance the e-commerce industry to be a foremost monetary progress driver in the country.

In a declaration, the DTI said that the roadmap, which aspires to monitor the progress of e-commerce enterprise, will make contributions of 25 percent or one fourth of the country’s gross domestic product by 2020. It would propel e-commerce enterprise’s growth, aiding the entry of about hundreds of thousands of small and medium businesses.

The roadmap will support Philippines to catch up with the fast internet penetration and for developing internet utilization within the country. Philippines is currently estimated to have the fastest developing web population around the world, with latest information estimating 530 percent development over the past 5 years.

Daily, an average Filipino spends 6.3 hours utilizing the internet. Amazingly, the cellular subscriptions of the Philippines exceed its 101.1 million population by 13.5 million.

After the Electronic Commerce Act of 2000 was created, the trade agency developed the final draft of the 2016-2020 roadmap.

In line with the roadmap, the nation’s ecommerce adoption has been gradual, further leading to ignored possibilities aggravated by the Philippines’ having one of the slowest and most high-priced internet infrastructures in the whole world.

Global e-commerce is projected to develop by 101.4 percent from 2013 to 2018 from the current $1.15-billion worth of the e-commerce industry on the world.

The nation’s slow adoption of e-commerce was a result of challenges comparable to slow internet, excessive price of connection, security fears with on-line shopping, payment problems,and customer’s choice of buying from physical stores.

The Philippines lags in the back of different Asean nations in terms of internet speed with an average of 3.6 Mbps, while Singapore has 61 Mbps, outspeeding even USA (22.3 Mbps) and Japan (41.7 Mbps).

To handle these challenges, the roadmap indicated that there must be “six Is” employed which are: infrastructure, investment, innovation, intellectual capital, information flows, and integration.

For infrastructure, the roadmap brought up the need for a good supply chain, communications, and applications infrastructure. In terms of funding, there should be help from more funding opportunities to draw international investments and capital flows into Philippine e-commerce.

For innovation, safeguard of property rights and investments in research and development counts. In phrases of information flows, there should be dissemination of information on safe internet use.

PECR 2016-2020 is the nation’s blueprint to address issues in the country’s e-commerce ecosystem with the “six I’s” as key focus areas.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. Improve your business success with Eternus Global Technology Solutions. We custom build web applications, CMS sites and e-commerce shops using the latest technologies.

We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Can Philippines Ecommerce Thrive? Lessons from Lazada Philippines

When Southeast Asia’s largest online retail site Lazada Philippines established their online store in the Philippines in 2012, it was not in a fine position to say that indeed ecommerce can thrive.

Credit card penetration is beneath four percent, and internet speed and buying power are much lower than the more developed countries of Southeast Asia. There are also challenges with logistics within 7,100 islands.

It does, however, have an internet savvy population consisting of over a hundred million who want to take part in an online revolution. Philippines used to be referred to as the texting capital of the world, then after a while, it was known as the social media capital.

For quite a lot of reasons, Rocket Internet, the company that owns Lazada accepted the challenge and launched the Lazada.com.ph portal, together with four other local sites in Indonesia, Malaysia, Thailand and Vietnam.

It holds a promise to Philippine shoppers: no traffic jams, no crowds or lengthy queues at the department stores. This idea resonated well with customers that have not been impressed with the nation’s infrastructure shortage. Philippines was a country simply waking to the world of convenience being furnished by the internet, and it was also a potential gold mine.

Nevertheless it’s not simply the company who jumped into the unknown, but also a young London-centered Turkish banker who was soon known to be Lazada Philippines co-founder and CEO Inanc Balci. Previously, before coming to the Philippines, he has been announcing in media interviews that he knows nothing about the nation, which may be an advantage to him.

The calculated chance paid off. In these days, Balci is proudly raving with regards to the portal’s achievements – the website averages 81 million visits in a month, it’s mobile platform has surpassed 20 million app downloads in Southeast Asia. But the most important of all is the ranking. Lazada Philippines is now the sixth most visited internet site within the Philippines after Facebook, Youtube, Google.com.ph. Google, and Yahoo.

Potential Strengths

Sixty percent of Lazada purchasers already shop through mobile, according to Balci, which he sees as a clear indication of how Lazada has efficiently adapted to trendy Filipino digital habits.

The website online has additionally given a big possibility for SMEs within the ecommerce enterprise. It currently has over 7,000 retailers on board, and Balci mentioned Lazada will continue to make enhancements in its retailers’ platform to inspire more entrepreneurs to promote their goods online.

The nation’s largest brands and outlets also have a large presence on Lazada. These include Samsung Electronics, Intel, Microsoft, Timex, Cherry Mobile, Alcatel, Nestle, P&G and Unilever. Lazada claimed to collaborate intently with the biggest brands to present various assortments and prices, which has made Lazada a major destination for every online customer. The newest amongst these partnerships is with the nation’s largest retailer, the SM Store.

Viewers who come to Lazada Philippines don’t always buy, they use the internet site as a reference site. Balci, nevertheless, sees this as a possibility instead of a setback. They come to the internet site to verify the product they have used so manufacturers and partners can also use the platform as an advertising channel.

Challenges

With the country’s complicated geography, the biggest undertaking in doing ecommerce within the Philippines is definitely logistics. Lazada has 700 vehicles these days and 19 hubs. Of its 2,200 workers, the majority also works within the logistics part of the trade. This is not shocking because it has to deliver some 20,000 products each day throughout the nation.

The company recently unveiled a new 30-square meter Fulfillment Center, which is double the capacity of its previous warehouse, and has computerized aspects for stock, determination, parcel movement and dimensional weight measurement. Lazada Express, which now covers 58 percent of the Philippines, may even be opening 20 more hubs in the course of the country to increase delivery.

Lazada Philippines sees the continued development of the market and is clearly expecting more rivals to join in. The more rivals there are in the market, the bigger that market will grow. More businesses will do online advertising and marketing and can communicate with more buyers who will soon turn into ecommerce customers.

Do you need an ecommerce developer or online store developer? Eternus Global is a leading ecommerce developer in the Philippines. Improve your business success with Eternus Global Technology Solutions. We custom-build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Philippines Ecommerce Ranks 89th in Global Growth

Philippines ecommerce

Philippines ecommerce is growing faster than ever before. This is good news to those who want to start an online shop and are looking for Philippines ecommerce developer or Philippines online store developer.

The Philippines ranked 89th out of 137 countries and territories globally in phrases of readiness to aid online browsing and different industry-to-customer electronic commerce, or B2C e-commerce, in line with the United Nations Conference on Trade and Development (Unctad).

Rising Soon

Amongst rising economies in Asia and Oceania, the Philippines ranked ninth in the Unctad’s B2C E-commerce Index 2016. In comparison, neighbouring country Malaysia ranked 4th amongst establishing economies within the area and tenth among such economies global.

Unctad mentioned that a growing number of nations were designing countrywide policies and techniques to harness the whole skills of ecommerce for economic development. This American consultancy forecasts global ecommerce retail sales to reach trillions in 2016.

This prediction can support policy makers assess up to what extent their economies are equipped for ecommerce and what areas are in greatest need for growth. No ranking was initially available for the Philippines. The updated index is composed of 4 symptoms: web-use penetration, secure servers per one million inhabitants, credit-card penetration and a postal reliability ranking.

Unctad mentioned that the straightforwardness and transparency of the index enables nations to evaluate how they participate in specific areas.

The Scenario

The index confirmed web penetration within the Philippines at around 40 percent. Amongst adult shoppers, only three percent have credit cards. There are around 52 secure servers, which are very important for buying online, per million of people.  Also, the Philippines was once rated 48 percent in phrases of the reliability of postal offerings centered on data from the Universal Postal Union.

Overall, these 4 motives replicate an index value of 35.7 points.

Luxembourg, which retained its role on the top of the index, enjoyed 89.7 points. On this nation, ninety five percent of the population have access to the web and 69 percent of customers who are 15 years and older have credit cards.

Do you need an ecommerce developer or online store developer. Eternus Global is a leading ecommerce developer in the Philippines. Improve your business success with Eternus Global Technology Solutions. We combine extensive medical and scientific knowledge with technology expertise. We custom build web applications, CMS sites and e-commerce shops using the latest technologies. We specialize in Magento, Prestashop and Woocommerce e-commerce development, deployment, SEO and maintenance.

Eternus Global prides itself in making cost-effective Point-of-Sale systems that double as an ecommerce store and as an inventory system on the backend. You can save more money on Eternus Global efficient technology and grow your business! No costly monthly fees to POS providers! Customizable for every business.

* User-friendly interface

* Tracks sales, inventory and expiry

* Barcode scanning feature

* Double function as ecommerce store

* Offline and online sales monitoring

* Accepts major credit and debit cards

* Coupon management

Outlook and Growth for Ecommerce Philippines: 2017 Trends

Ecommerce Philippines is fast-growing. The country is known to have a lot of shopping malls, so statistics predict that the projected growth for ecommerce in the Philippines is good. Highlights Statista.com offers these highlights in the Philippines ecommerce market: Revenue in the “e-Commerce” market amounts to US$1,013m in 2017. Revenue is expected to show an … Read more