Ecommerce sales are escalating across the globe. According to the research from eMarketer, global ecommerce sales is expected to soar to $4 trillion by 2020. Cross-border ecommerce can also help you to boost up your sales by an average of 10% to 15%. Here are the reasons why you should start cross-border ecommerce now.
Cross-border ecommerce is definitely one of the effective ways to increase revenue stream. By expanding your online business globally, you have the opportunity to reach out to new pool of customers, further increase your revenue. If you are staying in Malaysia and you are selling internationally, you will have a competitive advantage as our currency is weaker compared to some other foreign countries. Just imagine your sourcing is done in MYR and you are selling them off in USD! You will have a huge margin in between.
Greater exposure for your product
Your products can gain more exposure, this may result in higher recognition of your brand. Imagine your products are being seen by millions of visitors on international marketplaces. Then, assuming some of them are able to recognize your brand. From there, they might introduce your products to their friends and indirectly, the ripple effect goes on.
This is a very effective way to generate new traffic and leads to your own website.
One of the Amazon merchants, Casper Mattress gained a lot of positive reviews on Amazon. This helps Casper Mattress to build customer trust, and same time it also improves their website sales.
More opportunity, less risk
Why limit yourself to local marketplaces when there are more to explore globally? Cross-border ecommerce helps you to further increase your revenue. Even if your sales are not performing well in the domestic market, you can still cover back by selling on international marketplaces.
However, online merchants are still hesitating to sell globally. After reading this you might have the urge to try it out, but then you realized that you have difficulties in managing your product listing and orders across international marketplaces. You might also feel that it’s a waste of time, because you have thousands of products, and it will take forever just to upload them to a new marketplace.
This is where SiteGiant kicks in. Our cross border marketplace sync solution is already connected to international marketplaces, such as Ebay and Amazon in the US, MatahariMall in Indonesia, Qoo10 and Lazada in Singapore, and there’s more to come! So, product listing is never a concern, furthermore, you can manage your orders and inventories in one single integrated platform.
SiteGiant render an easy and simple platform for my e-business, we got more than we paid, our business go to Globe without any hassle, thank you SiteGiant
To know more, do check out: www.sitegiant.my
Contact SiteGiant now to find out how to start your cross-border ecommerce effectively!