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eCommerce

Three Tips Retailers Can Use To Reach Southeast Asian Consumers

With a whopping population of 600 million people, Southeast Asia has been a hotbed for the e-commerce industry. This Asian region consists of young consumers with demands that local retailers cannot satisfy, which tempts foreign e-commerce companies to take risks and enter its market. But what are some tips foreign retailers can use to introduce their brand in this fast-growing Asian market? 

Mobile is king 

When entering a certain market, it is a requirement to know who your audience is, and by entering this region, you should already know that a large number of its population are young, demanding, and spend most of their time using their mobile phones. 

This is what makes having a website that would provide an easy and seamless mobile shopping experience important. And as we all know, customer satisfaction is what keeps a business alive and growing. 

Understanding logistics

In doing business with online shoppers in Southeast Asia, foreign brands should also find a solution to shorten the time of delivering and transporting goods from their hub to their customers’ doors. The region is known for having heavy traffic, poor motorways, and poorly planned urban development projects which all contribute to a longer duration of delivering customer orders. 

It has been proven that factors such as cost, quality, and delivery time helps a business stand out from its competitors. This is why excellent planning when it comes to logistics should be made to ensure consumers that they will get what they paid for as soon as possible. 

Provide flexible payment options

An easy payment process plays a crucial role in the overall customer experience. This means that in completing a purchase, your business must offer a variety of payment options for your consumers to choose from, especially Southeast Asian consumers. This is because these consumers have different ways to pay for something and it primarily depends on what is the most convenient for them. Some use cash thru cash-on-delivery options, some pay using credit and as the region has already embraced FinTech (Financial Technology), a lot of consumers tend to pay using their e-wallets. 

To successfully enter the Southeast Asian market, one must know what works for a business and what doesn’t. These tips are just “tips” that can make it easier for you to achieve your goals, and don’t guarantee to meet expectations. But these tips together with a lot of patience, dedication, and hard work, can make the chances greater to find the path to success.

Cross-border

Top Five Countries For Doing Business in Southeast Asia

If you are a business trying to look for places where you can have your business achieve growth and generate lots and lots of profit, then you might want to consider entering the Southeast Asian market. It became an attractive market to be in after it has witnessed economic growth for the past years and still has a lot of untapped market opportunities waiting to be grabbed. But what are some countries that do well when it comes to business? 

Here are the top five countries you may want to do business with.

Singapore

Who would wanna miss the opportunities behind the “Lion City”? The abundance of skilled workforce and resources, a robust economy, and an attractive tax system, plus a simple and straightforward procedure when starting a business that is fast and easy make it a pot of gold for people looking to start a business within the country. This makes it easy to be a “Zai” in the industry you’ve chosen in no time.

Hong Kong

Another opportunity-packed country at the heart of Asia, Hong Kong can also be a great country to start your entrepreneurial endeavors. As the country offers a plethora of advantages such as an easy incorporation process, a business-friendly environment, and a place where people can speak and understand the English language. This makes it easier to communicate with your target audience and deliver the message your brand is trying to convey.

Malaysia

With a pro-business government and a market-oriented economy, there’s no doubt that Malaysia is a good country to do business with. The country also provides a robust and conducive business environment that promotes and encourages growth, profitability, and healthy competition within businesses of all industries. This makes doing business in Malaysia a profitable country to do business with, as it can get you profits as high as the Petronas Tower.

Taiwan

It is indeed easy to do business in Taiwan, in fact, it ranked 15th out of hundred and ninety economies in the World Bank’s Ease of Doing Business Survey in 2020. It can also serve as a strategic location whenever you have more plans on expanding as it is near some of the world’s biggest economies such as China. And unlike other countries, Taiwan allows foreigners to have full ownership of their companies, without any minimum paid-up capital requirements.

Thailand

Although language barriers can be a problem when doing business in Thailand, the country still offers one of the most promising workforces in the world. This just means that any foreign business can benefit from a large pool of skilled workers to work for their companies. With steady growth, strong exports, and a vibrant economy, there’s no doubt that Thailand can lead your business to success.

Research

Four of the Greatest Myths About Going DTC

As the DTC model continues to rise, many people are still not convinced that this business model can help them generate more profit. Maybe they’ve got personal reasons why, or maybe they’ve heard of reasons that made them decide not to enter the world of direct-to-consumer. Maybe you have heard of a few, and while some are true, some are just myths and are made to take away the confidence of people who wanted to try going DTC, and here are some to name a few.

Myth: DTC is too complicated

Fact: Starting a DTC business is now easier

Starting your own DTC business is easier than you might think. The hardest part of starting one is to know your brand. Plans on what to sell, where to sell them, and to whom these products should be sold were the hardest part. But after you get through that, you just need to choose and set different platforms so that you can have good communication with your potential customers.

Myth: DTC is time-consuming

Fact: Setting up a DTC business can be completed in as early as 4 weeks

The tallest buildings haven’t been constructed in just a few days, even the most fruitful crops didn’t grow in just the blink of an eye. Everything takes time, and so is establishing your own DTC business. But the process won’t take you longer than an eternity. Starting a DTC business won’t take you long, it’s careful planning and careful concept that needs time. After that, the next steps will just make you feel like time is just passing by.

Myth: DTC will not last

Fact: It is not just some kind of trend, because it is here to stay

People often think of the DTC business model as just some sort of trend that will fade away and be forgotten as time goes by. But it won’t. DTC brands have been predicted to continue rising this year, and probably in the succeeding years. Well, it’s of no surprise that this kind of business model will achieve success since it benefits both the retailer and the consumer.

Myth: DTC won’t be competitive in the market

Fact: Of course, it can

Sure small DTC businesses can’t compete with giants such as Amazon and Alibaba, but let’s not underestimate what a great product and an effective marketing strategy can do. It can’t move mountains, but it can move people. Because what a DTC should focus on is quality and not quantity. So making sure that you have a product that would capture the people’s interest and fulfill their needs at the same time, then success is as good as found.

eCommerce

Five of the Biggest E-Commerce Sites in China

E-commerce has really been a part of our everyday lives, it enhanced the creativity of companies to come up with unique and innovative products on the market, and also helped a lot of people have a great shopping experience. And speaking of e-commerce, there are hundreds to thousands of e-commerce websites waiting for you to visit and make your first purchase.

Today, we’ll show you five of the biggest e-commerce sites in the world’s biggest e-commerce country, China. 

Taobao
Year Founded: 2003
Estimated Monthly Traffic: 300 million

Taobao has been the biggest e-commerce site in China since then. This status has been achieved all thanks to the great competition given by eBay an American multinational e-commerce company that is also now continuing its colossal operations across the world. Taobao was also responsible for the existence of Alipay — one of China’s major payment systems. 

Pinduoduo
Year Founded: 2015
Estimated Monthly Traffic: 280 million

Despite not being exposed for too long in the e-commerce scene, Pinduoduo has made its way to becoming one of China’s biggest e-commerce companies of all time. Pinduoduo has also been a great playground for innovations in the e-commerce industry such as team purchases, social commerce programs, and the C2M business model. 

JD
Year Founded: 1998
Estimated Monthly Traffic: 170 million

Another challenge when it comes to the e-commerce industry. This e-commerce giant has been in the scene for almost 30 years. JD has been on the lookout for the latest advancement in technology such as AI-driven vehicles and drones. And although these are still in development, JD has already owned the biggest drone delivery infrastructure in the world. 

Tmall
Year Founded: 2011
Estimated Monthly Traffic: 100 million

Probably the youngest on the list, Tmall may have been the latest to start but it was never a hindrance for this e-commerce giant to become China’s most popular e-commerce site, while it ranks third in the world. It also became the biggest Chinese cross-border marketplace not long after it released its branch called Tmall Global. 

Xiaohongshu
Year Founded: 2013
Estimated Monthly Traffic: 50 Million

Founded 9 years ago, this e-commerce giant started as a community of people who discuss their thoughts and reviews about certain restaurants, places, and products bought online. This is where it became a very useful website for people that are still torn between buying a product or not. 

These companies truly have made our shopping experience easier, and for sellers, having e-commerce sites this big will give them time, effort, and energy looking for people who can buy their products. Instead, people will be the ones who will come for your product and have their first purchases with your business completed.

Research

Challenges Every Business Might Face When Selling in China

The Chinese market is one of the most attractive markets for businesses looking for opportunities to grow. But aside from that fact, entering the Chinese market is not easy at all. And as the country’s economy continues to grow, more and more international businesses are looking forward to bringing their products into this huge, opportunity-filled, ever-demanding market of China. 

So if you’re someone trying to bring your business to China, then here are some of the challenges you’ll be encountering and need to overcome. 

Consumer Preference

Over the past years, Chinese consumer preferences have been changing, this, together with the changing of consumer habits and buying behavior will pose a significant challenge to businesses that are unable to adapt to this ever-changing market. Because just like everybody else, Chinese consumers are known to change more often and are far more diverse than it once was. 

Competition

A lot of Chinese companies have been doubling their efforts to improve the quality of the products they produce, this is done to make it more competitive in the international market. This has resulted in increased competition between local companies and international brands within China, as consumers won’t stick to just one company and product to patronize. 

Consumer Trust In New Brands

One of the major challenges new businesses might face in China is the Chinese consumers’ awareness of brands that are present in the market. They don’t trust brands that easily and they won’t risk venturing into new products over what they used to buy for years. 

Bureaucracy

This would probably top all those challenges as it is considered the international companies’ worst nightmare. Obtaining regulatory requirements in China probably is the hardest thing to do, well at least before entering the market (because there would be a lot more after that.) Foreign brands share the same struggle with laws and regulations in China with most of them saying that it is the required permits and licenses that are giving them a hard time.

It is indeed difficult to enter the Chinese market, but there are people that can help you get through all these challenges. Simplifying the process of bringing your products to the biggest e-commerce market in the world. And this is what we do at GLOSKU, we help businesses sell their products to China. Sell in China effortlessly, just be in charge of the clicks and we’ll do all the leg work. 

Cross-border

Four Great Benefits of Entering Cross-Border E-Commerce

In the past years, cross-border e-commerce has witnessed significant growth. This is not surprising as this kind of business model has connected buyers and sellers better than ever. Expanding your business internationally might sound ambitious and difficult at the same time, but taking this step can be the path towards achieving your entrepreneurial goals. 

If you are still unconvinced about getting your business on the international scene, then here are four benefits of entering cross-border e-commerce.

Bigger market reach

Cross-border e-commerce has been proven to give businesses of all sizes countless opportunities. One of which is having your already healthy sales volume go higher by tapping some never before seen markets around the world. It also allows you to open your storefront to more untapped markets, exposing your brand to millions of potential customers who haven’t known about your business and what it offers. 

Increased sales and revenue

One of the goals businesses have is to generate profit, and this is one of the many benefits a business can get upon entering cross-border e-commerce. Because by taking your brand in the international scene, you are also positioning yourself into a much larger audience. And having a larger audience means a larger demand for your business to fulfill. 

An all-year-round demand

Businesses that have their operations limited in a certain country often get confined to the same peak and off-season every year. Businesses that engage in cross-border e-commerce on the other hand won’t have any problems with demand as they are operating in different countries, having different peak buying seasons throughout the year. Making each country’s seasonal surges keep your operations going. 

Brand awareness

This is another great advantage of entering the international scene, your business gets to have improved brand awareness. This familiarizes people with your brand and helps them distinguish your business from other competitors. This can lead to an increase in revenue as customers are more likely to buy from familiar brands which they trust compared to unknown ones. 

Resent Resources

eCommerce

Three Tips Retailers Can Use To Reach Southeast Asian Consumers

With a whopping population of 600 million people, Southeast Asia has been a hotbed for the e-commerce industry. This Asian region consists of young consumers with demands that local retailers cannot satisfy, which tempts foreign e-commerce companies to take risks and enter its market. But what are some tips foreign retailers can use to introduce their brand in this fast-growing Asian market? 

Mobile is king 

When entering a certain market, it is a requirement to know who your audience is, and by entering this region, you should already know that a large number of its population are young, demanding, and spend most of their time using their mobile phones. 

This is what makes having a website that would provide an easy and seamless mobile shopping experience important. And as we all know, customer satisfaction is what keeps a business alive and growing. 

Understanding logistics

In doing business with online shoppers in Southeast Asia, foreign brands should also find a solution to shorten the time of delivering and transporting goods from their hub to their customers’ doors. The region is known for having heavy traffic, poor motorways, and poorly planned urban development projects which all contribute to a longer duration of delivering customer orders. 

It has been proven that factors such as cost, quality, and delivery time helps a business stand out from its competitors. This is why excellent planning when it comes to logistics should be made to ensure consumers that they will get what they paid for as soon as possible. 

Provide flexible payment options

An easy payment process plays a crucial role in the overall customer experience. This means that in completing a purchase, your business must offer a variety of payment options for your consumers to choose from, especially Southeast Asian consumers. This is because these consumers have different ways to pay for something and it primarily depends on what is the most convenient for them. Some use cash thru cash-on-delivery options, some pay using credit and as the region has already embraced FinTech (Financial Technology), a lot of consumers tend to pay using their e-wallets. 

To successfully enter the Southeast Asian market, one must know what works for a business and what doesn’t. These tips are just “tips” that can make it easier for you to achieve your goals, and don’t guarantee to meet expectations. But these tips together with a lot of patience, dedication, and hard work, can make the chances greater to find the path to success.

Cross-border

Top Five Countries For Doing Business in Southeast Asia

If you are a business trying to look for places where you can have your business achieve growth and generate lots and lots of profit, then you might want to consider entering the Southeast Asian market. It became an attractive market to be in after it has witnessed economic growth for the past years and still has a lot of untapped market opportunities waiting to be grabbed. But what are some countries that do well when it comes to business? 

Here are the top five countries you may want to do business with.

Singapore

Who would wanna miss the opportunities behind the “Lion City”? The abundance of skilled workforce and resources, a robust economy, and an attractive tax system, plus a simple and straightforward procedure when starting a business that is fast and easy make it a pot of gold for people looking to start a business within the country. This makes it easy to be a “Zai” in the industry you’ve chosen in no time.

Hong Kong

Another opportunity-packed country at the heart of Asia, Hong Kong can also be a great country to start your entrepreneurial endeavors. As the country offers a plethora of advantages such as an easy incorporation process, a business-friendly environment, and a place where people can speak and understand the English language. This makes it easier to communicate with your target audience and deliver the message your brand is trying to convey.

Malaysia

With a pro-business government and a market-oriented economy, there’s no doubt that Malaysia is a good country to do business with. The country also provides a robust and conducive business environment that promotes and encourages growth, profitability, and healthy competition within businesses of all industries. This makes doing business in Malaysia a profitable country to do business with, as it can get you profits as high as the Petronas Tower.

Taiwan

It is indeed easy to do business in Taiwan, in fact, it ranked 15th out of hundred and ninety economies in the World Bank’s Ease of Doing Business Survey in 2020. It can also serve as a strategic location whenever you have more plans on expanding as it is near some of the world’s biggest economies such as China. And unlike other countries, Taiwan allows foreigners to have full ownership of their companies, without any minimum paid-up capital requirements.

Thailand

Although language barriers can be a problem when doing business in Thailand, the country still offers one of the most promising workforces in the world. This just means that any foreign business can benefit from a large pool of skilled workers to work for their companies. With steady growth, strong exports, and a vibrant economy, there’s no doubt that Thailand can lead your business to success.

Research

Four of the Greatest Myths About Going DTC

As the DTC model continues to rise, many people are still not convinced that this business model can help them generate more profit. Maybe they’ve got personal reasons why, or maybe they’ve heard of reasons that made them decide not to enter the world of direct-to-consumer. Maybe you have heard of a few, and while some are true, some are just myths and are made to take away the confidence of people who wanted to try going DTC, and here are some to name a few.

Myth: DTC is too complicated

Fact: Starting a DTC business is now easier

Starting your own DTC business is easier than you might think. The hardest part of starting one is to know your brand. Plans on what to sell, where to sell them, and to whom these products should be sold were the hardest part. But after you get through that, you just need to choose and set different platforms so that you can have good communication with your potential customers.

Myth: DTC is time-consuming

Fact: Setting up a DTC business can be completed in as early as 4 weeks

The tallest buildings haven’t been constructed in just a few days, even the most fruitful crops didn’t grow in just the blink of an eye. Everything takes time, and so is establishing your own DTC business. But the process won’t take you longer than an eternity. Starting a DTC business won’t take you long, it’s careful planning and careful concept that needs time. After that, the next steps will just make you feel like time is just passing by.

Myth: DTC will not last

Fact: It is not just some kind of trend, because it is here to stay

People often think of the DTC business model as just some sort of trend that will fade away and be forgotten as time goes by. But it won’t. DTC brands have been predicted to continue rising this year, and probably in the succeeding years. Well, it’s of no surprise that this kind of business model will achieve success since it benefits both the retailer and the consumer.

Myth: DTC won’t be competitive in the market

Fact: Of course, it can

Sure small DTC businesses can’t compete with giants such as Amazon and Alibaba, but let’s not underestimate what a great product and an effective marketing strategy can do. It can’t move mountains, but it can move people. Because what a DTC should focus on is quality and not quantity. So making sure that you have a product that would capture the people’s interest and fulfill their needs at the same time, then success is as good as found.

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