It's
actually overwhelming to see that online shopping is now starting to become
popular in the Philippines. This was actually difficult for online users to
accept going a couple of years ago. One of the reason is that we have a high
fraud rate for both offline and online in the Philippines. In the end, this
made online transaction the least option to many local online users. In the
local online space, local online classified websites were the premiere local
websites closest to Ecommerce. Local online classified websites pave way to the
Ecommerce's arrival in the Philippines. A community of marketplace was
eventually built thanks to these local online classifieds.
During
the time online classifieds were unavailable, local online users didn't know
where to go when they want to buy something online. Online users are using it
as their measurement in pricing. These expanded how online users can be fully
maximized. A lot of people go to their
websites to buy and sell on their own. The local traffic is actually dealing
with third party resellers and the website itself. Customers usually prefer and
go with offline transaction. Local online users made an impact to local online
users. They paved way for upcoming Ecommerce websites in the country. At the
time that Ecommerce websites arrived in the country, local online users were
already prepared. Online shopping to local online users have more upside than
downside. The risk of online to offline shopping is incomparable.
Conventionally, customers are required to pay first in online before their
orders are processed and delivered to the customer’s address. This is puts the
customer’s on the ropes as they need to pay first without having any assurance
about their orders if it will arrive late or not at all.
A
lot of convincing deals was offered by group buy websites, which can't be found
anywhere. A lot of deals are being offered way lower than it is supposed to by
group buy websites, making it harder for customers to ignore. It was a year ago
when website like Lazada arrived in the Philippines. One of the online mall
ventures that is launched in South East Asia. It is venture under the Rocket
Internet umbrella that is owned by the famous Samwer brothers. With Lazada's
payment methods, it helped them impact the local Ecommerce in the Philippines.
With so many payment methods available, this allowed online customers to be in
control. It is usually credit card or PayPal that allowed to be used for paying
online by online malls. These conventional online payments restrict customers
to avail what they want since most of us don't have our own credit card or
PayPal account. Local online consumers were introduced with Cash on Delivery as
their alternative payment method online. In the Philippines, it allowed the
untapped market to be tapped by them. It is the majority of the local consumer
market in the country. Moreover, by tapping on this market, the Ecommerce have
grown exponentially.
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