eCommerce: The New Market Place To Be
An Electronic Commerce, also well known as “eCommerce” website is a way of trade online becoming familiar nowadays. It is growing exponentially over the past years and has been adapted by most businesses now. eCommerce entails online goods services, retail services, marketplace services, payment, ticketing, and customer services.
eCommerce Businesses May Employ Some or All of The Following:
- Online shopping web sites for retail sales direct to consumers
- Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
- Business-to-business buying and selling
- Gathering and using demographic data through web contacts and social media
- Business-to-business (B2B) electronic data interchange
- Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
- Engaging in pretail for launching new products and services
- Online financial exchanges for currency exchanges or trading purposes
Top 5 eCommerce Websites in the Philippines
Its sites launched in March 2012, with a business model of selling inventory to customers from its own warehouses. In 2013 it added a marketplace model that allowed third-party retailers to sell their products through Lazada’s site; the marketplace accounted for 65% of its sales by the end of 2014. As of April 2016, Lazada is majority-owned by Alibaba Group.
Philippine classified ads site Sulit rebranded as OLX in 2014. The merger in the Philippines between OLX and Ayos Dito redirected Ayos Dito users to OLX as of 2015. OLX had 11 billion page views, 200 million monthly active users, 25 million listings, and 8.5 million transactions per month in 2014.
Cebu Pacific
Cebu Pacific, is a Philippine low-cost airline based on the grounds of Ninoy Aquino International Airport (NAIA Terminal 3), Pasay City, Metro Manila, in the Philippines. In August 2009, Cebu Pacific became the first airline in the Philippines to use social media. The airline created a fanpage on Facebook and Twitter.
Zalora is an online destination for everything fashionable in the Philippines. Bringing you an insight on global trends, they feature your favorite international designers and the most relevant Filipino brands.
As a undisputed market leader in Southeast Asia when it comes to discount vouchers, MetroDeal works hard to present you the best deals on the best things to do, see, eat, and buy in your city. They claim on their site that they only sell items that they would want to buy online.
eCommerce Worldwide
eCommerce bridged the wide gap between customers and sellers. Through this medium there are no barriers and limits for transactions. It takes the extra time of going to physical stores to “look around”. Customer service is almost always accessible through a few clicks.
eCommerce has started a global revolution for buying and selling. It is a common language that everyone understood and as we move on to the future, we expect to apply it to almost anything we need. In 2012, eCommerce sales topped $1 trillion for the first time in history.
Pixel8 Web Solutions and Consultancy makes eCommerce website. Multiply your products or services sales through an efficient website that works well across all devices. We design and optimize sites according to the business needs. Whether you are just starting up or have been on the business for some time and just decided to take your business to a bigger market, we take the challenge of creating competitive spaces for your products or services.
