{"id":19174,"date":"2020-12-01T15:40:33","date_gmt":"2020-12-01T07:40:33","guid":{"rendered":"https:\/\/www.exabytes.sg\/blog\/?p=19174"},"modified":"2022-01-11T13:07:37","modified_gmt":"2022-01-11T05:07:37","slug":"covid19-ecommerce-opportunities","status":"publish","type":"post","link":"https:\/\/www.exabytes.sg\/blog\/covid19-ecommerce-opportunities\/","title":{"rendered":"ECommerce As The New Normal: COVID-19 Era"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone wp-image-19182 size-full\" src=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=696%2C364&#038;ssl=1\" alt=\"turn uncertainties into business opportunity\" width=\"696\" height=\"364\" srcset=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=1024%2C536&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=696%2C364&amp;ssl=1 696w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=1068%2C559&amp;ssl=1 1068w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=803%2C420&amp;ssl=1 803w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?resize=218%2C114&amp;ssl=1 218w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is undeniable how COVID-19 shaped our daily lives and habits. Likewise, our buying behaviour has also changed from offline to online ecommerce website. Window shopping used to be a part of our shopping therapy session, especially during lunch hours or even after work hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the Circuit Breaker (from 7 April to 1 June), we were mostly at home and were advised to limit our movements. Shops and facilities were closed, and gatherings were restricted. Many turned to eCommerce platforms and online retailers for alternatives. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even as restrictions ease, for better or worse, these digital platforms will still be a large part of the \u201cnew normal.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We have also seen a surge in businesses going online the past few months, ranging from bubble tea shops to departmental stores via various digital platforms. Many businesses have reaped the benefits as consumers are more receptive to online purchases.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are still contemplating going online with your product listing, you are not too late to begin now. There are several options for selling your products. You can either go for an established eCommerce marketplace or develop your own online store. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read on to learn more about doing business online via eCommerce marketplace or your own online store.<\/span><\/p>\n<h3><b>eCommerce Marketplace<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone wp-image-19183 size-full\" src=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=696%2C364&#038;ssl=1\" alt=\"ecommerce marketplace\" width=\"696\" height=\"364\" srcset=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=1024%2C536&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=696%2C364&amp;ssl=1 696w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=1068%2C559&amp;ssl=1 1068w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=803%2C420&amp;ssl=1 803w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-2.jpg?resize=218%2C114&amp;ssl=1 218w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is an online marketplace that facilitates the flow of products and services, as well as interactions between sellers and buyers. The most popular eCommerce sites are Shopee, Lazada, Qoo10, Amazon and EZBuy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can create a seller account and start selling your products after completing registration and verification. Most of these eCommerce marketplaces introduced a transaction fee on successful orders. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While it gives you a wide exposure to their shoppers base, you might face tight competition with other retailers offering a similar product listing. Some of the advantages of selling products via eCommerce Marketplace are as the following:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Convenience and Hassle-free Product Listing<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Supported Logistics and Shipment<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Service &amp; Support<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Payment &amp; Refund<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can monitor competitors\u2019 performances and use them as references to improve your strategy.\u00a0<\/span><\/p>\n<h3><b>Your Own Online Store<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone wp-image-19184 size-full\" src=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=696%2C364&#038;ssl=1\" alt=\"ecommerce website\" width=\"696\" height=\"364\" srcset=\"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=1024%2C536&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=696%2C364&amp;ssl=1 696w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=1068%2C559&amp;ssl=1 1068w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=803%2C420&amp;ssl=1 803w, https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/12\/1200x628-blogpost-27nov2020-3.jpg?resize=218%2C114&amp;ssl=1 218w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Setting up your online store can sound intimidating but it is an equally easy process. You can either create it on your own or seek <\/span><a href=\"https:\/\/www.exabytes.sg\/websites\/ecommerce-website\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">professional service<\/span><\/a><span style=\"font-weight: 400;\">. There may be drawbacks such as high setup cost, logistics and shipment management at the initial stages. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But in the long run, you will gain more control and flexibility with how you want to run your business. Some of the advantages of running your online store are as the following:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Build up your brand name<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Control over your business operations<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Personalize promotion campaigns\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Earn your own loyal client base<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Create your own unique voice and stand out amidst the competition. This <\/span><a href=\"https:\/\/www.exabytes.sg\/blog\/start-ecommerce-store\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">helpful guide<\/span><\/a><span style=\"font-weight: 400;\"> will give you a glimpse into creating your online store.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Going and embracing digitalization is the way to move forward. Digital connectivity is recognized for leading us to do new things and connecting with others effectively in many ways. One of such cases is a non-profit delivery platform. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was an initiative by a project director together with 11 others helping hawkers and less tech-savvy hawkers. This <\/span><a href=\"https:\/\/www.straitstimes.com\/singapore\/non-profit-food-delivery-platform-helps-hawkers-to-go-online\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">initiative<\/span><\/a><span style=\"font-weight: 400;\"> allows small food and beverages stall owners to sell items as per normal while volunteers manage the online orders and delivery arrangements. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a national level, government agencies <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/sme\/skillsfuture-forum-2020\/a-clarion-call-for-firms-to-go-digital\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">developed campaigns and schemes<\/span><\/a><span style=\"font-weight: 400;\"> to help companies, especially the smaller ones, to kickstart their digital journey or enhance the technologies they already have.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Likewise, Exabytes had launched<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.exabytes.sg\"> COVID-19 Relief Solutions<\/a> for small and medium enterprises (SMEs)<\/span><span style=\"font-weight: 400;\"> to sustain and grow your business during this trying period. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We strive to help traditional business owners to gain digital presence as well as helping business owners with existing online presence to grow their online businesses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speak to us via our <\/span><span style=\"font-weight: 400;\">Live Chat<\/span><span style=\"font-weight: 400;\">. Let us help you and to grow further with your business.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is undeniable how COVID-19 shaped our daily lives and habits. Likewise, our buying behaviour has also changed from offline to online ecommerce website. Window shopping used to be a part of our shopping therapy session, especially during lunch hours or even after work hours. During the Circuit Breaker (from 7 April to 1 June), [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":19182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7],"tags":[306,304],"class_list":{"0":"post-19174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sharing-tips-for-success","8":"tag-covid-19","9":"tag-ecommerce"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.exabytes.sg\/blog\/wp-content\/uploads\/2020\/11\/1200x628-blogpost-27nov2020-1.jpg?fit=1200%2C628&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbHhPQ-4Zg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/posts\/19174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/comments?post=19174"}],"version-history":[{"count":9,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/posts\/19174\/revisions"}],"predecessor-version":[{"id":21544,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/posts\/19174\/revisions\/21544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/media\/19182"}],"wp:attachment":[{"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/media?parent=19174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/categories?post=19174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exabytes.sg\/blog\/wp-json\/wp\/v2\/tags?post=19174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}