Start my ecommerce shop at Shopee, Lazada, Qoo10 or Amazon first? New to business Guide
In the bustling world of ecommerce marketplaces, choosing the right platform for your budding business can make or break your success.
If you are new, you should not try all ecommerce marketplaces immediately, start with the best and once you get the hang of it, you can easily expand to the other marketplaces in Singapore. And once you have built a strong Singapore ecommerce business, you can consider selling in overseas market via ecommerce too!
Top e-commerce marketplaces in Singapore
- Shopee
- Lazada
- Qoo10
- Amazon Singapore
- Carousell (Though it is not as automated as the others)
Why start at Shopee first before Lazada? Over Qoo10, Amazon, or Carousell.
Among the plethora of options available, Shopee stands out as the optimal choice for first-time e-commerce entrepreneurs. Here’s why:
1. Accessibility and Ease of Use:
Shopee provides a user-friendly interface that simplifies the process of setting up and managing your online store. Whether you’re a tech-savvy individual or a newcomer to ecommerce, Shopee’s intuitive platform makes it easy to navigate product listings, manage orders, and engage with customers.
2. Low Barrier to Entry:
For beginners dipping their toes into the e-commerce waters, Shopee offers a low barrier to entry. You don’t need a hefty initial investment or extensive technical knowledge to get started. Shopee provides tools and resources to help you launch your store efficiently, allowing you to focus on honing your business strategy and building your brand.
3. Active User Base and Market Reach:
Shopee boasts a vast and active user base across various regions, particularly in Southeast Asia. With millions of potential customers browsing the platform daily, Shopee offers unparalleled market reach for your products. Leveraging Shopee’s established presence can significantly amplify your brand visibility and sales potential.
4. Marketing and Promotional Opportunities:
Shopee offers a range of marketing and promotional tools to help sellers attract customers and drive sales. From sponsored listings to flash sales and vouchers, you have ample opportunities to showcase your products and entice shoppers with irresistible deals. Moreover, Shopee regularly organizes campaigns and events that allow sellers to participate and gain exposure to a broader audience.
5. Secure Payment and Logistics Support:
Ensuring a seamless shopping experience is crucial for customer satisfaction and retention. Shopee provides secure payment options and integrated logistics support, streamlining the checkout and delivery process for both sellers and buyers. With built-in features like Shopee Guarantee, you can instill trust and confidence in your customers, fostering long-term relationships and repeat purchases.
6. Secure Payment and Logistics Support:
Ensuring a seamless shopping experience is crucial for customer satisfaction and retention. Shopee provides secure payment options and integrated logistics support, streamlining the checkout and delivery process for both sellers and buyers. With built-in features like Shopee Guarantee, you can instill trust and confidence in your customers, fostering long-term relationships and repeat purchases.
7. Biggest marketplace in Singapore (customers or sales)
This is the best reason why you should always start your ecommerce in Shopee over Lazada, Qoo10, Amazon or Carousell:- Shopee is the biggest marketplace. They have the largest number of customers, the most amount of sales on sales day, as well as on normal days.
You should always start at the biggest marketplace and then scale up slowly to other platforms once you are more experienced and skilled.
Shopee emerges as the prime choice for aspiring ecommerce entrepreneurs seeking a platform to kickstart their online venture. With its accessibility, market reach, promotional opportunities, and logistical support, Shopee equips you with the tools and resources needed to thrive in the competitive ecommerce landscape.
If you like to use skillsfuture credit to learn how to sell online on Shopee with SkillsFuture Accreditation, click here. This course is practical, helps you to start your first shop online and you can use skillsfuture credits to enrol, with majority of the fees subsidied.
Why Start an E-commerce Business Part-Time?
Embarking on an e-commerce venture part-time offers a myriad of benefits, making it an attractive option for aspiring entrepreneurs looking to explore the world of online selling. Here are some compelling reasons to consider starting your e-commerce business on a part-time basis:
1. Flexibility and Work-Life Balance:
Launching an e-commerce business part-time allows you to maintain flexibility and balance with other commitments, such as a full-time job or family responsibilities. You can dedicate specific hours each day or week to manage your online store, ensuring that it complements your existing lifestyle without overwhelming you.
2. Low Financial Risk:
Starting a part-time ecommerce business minimizes financial risk, as you can gradually invest resources as your business grows. Unlike diving headfirst into a full-time venture, you have the opportunity to test the waters, refine your strategy, and assess market demand before committing significant capital and time.
3. Scalability and Growth Potential:
Part-time ecommerce entrepreneurship enables you to scale your business gradually in alignment with your goals and resources. As you gain traction and generate revenue, you can reinvest profits to expand your product offerings, enhance marketing efforts, or optimize operations. This incremental approach allows for sustainable growth and mitigates the pressure associated with rapid scaling.
You can check out this guide on how to sell online at Shopee Lazada etc.
How to find Products to Sell Online:
Finding the right products to sell is crucial for the success of your ecommerce business. Here are some strategies to help you discover profitable products:
1. Research Market Trends:
Conduct thorough market research to identify trending products and niche opportunities. Analyze consumer preferences, monitor industry trends, and explore emerging markets to uncover potential product ideas with high demand and low competition.
2. Assess Competitor Offerings:
Study your competitors’ product offerings and customer feedback to gain insights into market gaps and areas for differentiation. Look for ways to improve existing products or introduce unique variations that cater to specific customer needs or preferences.
3. Utilize Supplier Platforms:
Explore supplier platforms and marketplaces such as Taobao, Alibaba, AliExpress, or Oberlo to source products directly from manufacturers or wholesalers. Evaluate product quality, pricing, and shipping options to ensure alignment with your business objectives and target market.
4. Consider Private Labeling:
Private labeling involves branding existing products under your brand name, offering exclusivity and customization to differentiate your offerings in the market. Partner with suppliers or manufacturers to create custom-branded products tailored to your specifications and target audience preferences. However, this can be relatively cumbersome, so you may try to sell common products first before trying your private labelling.
By leveraging these strategies and remaining adaptable to market dynamics, you can identify lucrative product opportunities and build a successful e-commerce business over time, whether on a part-time or full-time basis.
Do feel free to use skillsfuture credit to learn how to sell online on Shopee with SkillsFuture Accreditation, click here. This course is practical, helps you to start your first shop online and you can use skillsfuture credits to enroll, with the majority of the fees subsidized.
