What is Lazada, Shopee, Zalora? The eCommerce landscape has witnessed an amazing growth pattern within the last decade, and this trend is anticipated to realise ground within the future also.
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Retailers and eCommerce giants who have established their presence within the local market are eyeing to expand their horizons, and explore the overseas customer bases. And, cross border Commerce is paving the way for this shift.
A diverse and tech-savvy consumer base and fast growth opportunities make the Philippines within the South East Asian market the go-to country for expanding eCommerce operations.
Benefits of Selling on Online Marketplaces
Lazada vs Shopee Philippines? Apart from this, Statistica reports suggest that the revenue of the Philippines eCommerce market is predicted to possess an annual rate of growth of 16.7% (CAGR 2020 – 2025), leading up to the increase of market volume to US$7,665m by 2025.
With the net shopper community expected to grow further up to 47.8% by 2025, the Philippines is equipped to supply eCommerce businesses an enormous boost in terms of sales, and revenue streams.
Lazada Shopee traffic? Now with the majority of transactions being performed online, it’s not enough for retailers to own a restricted presence, either online or offline. They need to make provisions to cater to the ever-evolving consumer demands about doorstep product delivery in a simple, quick, hassle-free, and cost-effective manner.
Be it the Philippines or the other nation, online marketplaces and carts present massive opportunities in terms of reaching intent on a very new yet potential customer base in an exceedingly highly efficient manner.
Zalora vs Shopee? Here are some succinct benefits of selling on online marketplaces:
Read also: How Is The Zalora Review Process 2021 In The Philippines?
Lower Handling Costs
With a web selling platform, retailers won’t need to founded an operational base as during a physical store. This can save them the value of premises, procuring necessary amenities, and a team of execs to hold out the daily operations.
In the absence of paying for physical stores and with minimal staff requirements, retailers gain both in terms of monetary, and non-monetary benefits by selling online.
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A Wider Customer Base
A massive pool of consumers who are loyal to the brand could be a great asset to any business. While attending to sell on marketplaces and carts, retailers can enjoy greater exposure to their products from a large base of consumers, from across the borders. This enhances the prospects of sales and revenue streams for the retailers.
Data Driven and Automated Operations
Data-driven insights are key for any modern retailer today for not only meeting but surpassing customer expectations. Marketplaces allow retailers to gather data and derive actionable insights regarding customer purchase behaviour, in turn, helping retailers in rehashing their marketing strategy, and eCommerce operations.
Online marketplaces are enabled by cutting-edge automation technologies, which reduces the dependency on manual efforts. This paves the way for higher productivity and ROI for retailers.
Now that the plethora of advantages of selling on online marketplaces is obvious, here are a number of the top-notch marketplaces retailers must fancy to expand their eCommerce sales within the Philippines.
Read also: How To Delete Your ZALORA Account Or Deactivate Account?
7 Best Marketplaces to Sell Online in The Philippines
Three companies have consistently dominated the Philippine e-commerce marketplace for the last two years since iPrice Group tracked e-commerce platforms’ monthly web visits and social media following in 2017: Lazada, Shopee and Zalora.
Lazada scored a complete average visit (desktop and mobile web) of 25,652,100 during the primary quarter of the year, followed by Shopee with 15,373,900 and Zalora with 1,669,400. Argomall and eBay rounded up the highest five list with 1,290,500 and 896,900 desktop and mobile web visits, respectively.
Lazada, Shopee and Zalora also emerged on top in a very research done by iPrice Group in partnership with app analytics firm App Annie Intelligence on the foremost visited mobile applications in Q1 2019. Here are some best marketplace to sell online within the Philippines:
Lazada
Lazada market share Philippines? Being the foremost prominent online marketplace to sell products within the Philippines and southeast Asian countries like Singapore, Malaysia, Indonesia, Vietnam, and Thailand, Lazada enjoys 25.6 million customer visits a month.
Lazada users statistics Philippines? Hosting approximately 300 million SKUs of a various range of products, this is often one in all the go-to platforms for retailers to possess a presence in. the benefit of navigation, and usage of the platform similarly because the amenable terms and conditions make Lazada quite popular among the new eCommerce entrants within the Philippines.
The Cash On Delivery model offered by Lazada also makes payment acceptance easier for retail businesses without enduring the hassles of the bank and establishment involvement.
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Shoppee
Lazada vs Shopee market share Philippines? This most sought-after online shopping destination closely follows Lazada both majorly within the Philippines and other southeast Asian nations. Be it essential products or apparel, electronics, or maybe pet foods, Shopee is the platform for selling and reselling such commodities.
Shopee even offers paid ad services for its sellers with none listing fees for enhancing their brand awareness, and customer reach. However, sellers themselves must put in an endeavour to stay socially active, rendering unbeatable customer service by catering to customer feedback/suggestions.
Zalora
Zalora competitors in the Philippines? This top eCommerce selling platform within the Philippines offers a large platform for attire and shoe brands renowned globally to showcase their products to a large base of shoppers.
Hosting nearly 120000 products, this platform comes with a myriad of advantages like Cash on Delivery payment method, and free returns. These go a protracted way in building a vote of trust, and a robust repertoire amongst the shoppers.
Amazon
This global biz tycoon has made its presence known within the Philippines market similarly. Being the foremost visited marketplaces within the region, Amazon FBA has allowed Filipino sellers to showcase their products locally moreover as globally, expanding their customer horizon.
eBay
Being a well-structured and easy-to-use online platform, eBay allows selling new likewise as used goods. It serves over 180 million shoppers round the world and with a fervent Seller Hub, it provides complete assistance to sellers.
Shopify
Retailers eyeing to kick start a web business within the Philippines can immensely enjoy this fully-hosted Shopify platform, which offers sellers a free 14-day trial and a very streamlined experience.
Features like 1 click upsell, abandoned cart recovery and with thousands of pre-built templates, Shopify facilitates the method of making a web shop in a simple, seamless, and hassle-free endeavour.
Magento
This highly trusted and sought-after eCommerce platform within the Philippines offers unique and customizable options for sellers to make their own feature rich websites, create personalised marketing promotions, provide recommendations, instant purchases and far more.
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Conclusion
Lazada and Shopee Philippines? The Philippine e-marketplace penetrates more Filipinos in terms of social media activity. However, it struggles to ascertain a stronghold in terms of traffic activity as international players are still the well-liked choice for many Filipinos.
How Does Ginee Help You Manage Online Sales?
Use Ginee Philippines to reduce the management burden when selling now. Ginee is an online sales management software that applies the Omnichannel model to help sellers easily sell multi-channel products more conveniently and smoothly. When you use Ginee, you will receive the following benefits:
- Product administration is simplified by adding new goods, bulk editing, and updating all sales channels at the same time.
- You can easily manage orders from the time you get the order, plan for shipment, and print the labels until the buyer receives the things.
- Inventory synchronization is a technique for keeping track of and updating inventory across all online sales channels.
- By looking at payment history, ordered products, and purchasing trends, managing consumers allows you to have a better knowledge of your customers.
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