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Online shopping has become the trend and the new mode of purchasing. There are literally 1000s of online marketing enterprises selling goods from cosmetics, clothing, shoes, hand phone accessories, vitamin supplements, used items and so on. Literally the entire range of consumer items.
These services have little overheads, no rentals to worry about and no staff wages to pay out, unlike their physical counterparts who are at a great disadvantage.
Ebay and other well known online marketing platforms have good and healthy growth in their local trade volumes.
Similarly, the postal department and local courier business is experiencing healthy demand and business.
This pops a question. While there is growth in these sectors, obviously the usual retail sector shrinks. Shops do not get their sales volumes and are closing down.
The trend is very clear. Retal shop demand will fall and even shrink. Other than for the service side , such as hair saloons, clinics and so on.
Online shopping is indeed having an adverse impact on the retail sector.
ADVANTAGE:
1. less OPEX - no need to maintain a large group of people but since i do provide delivery service, i only hire delivery reps.
2. you can capture both local and international market
3. you get to operate 24/7 as mentioned mcgyver8
4. high income from international clients
5. you can expand products and services as months pass by due to market demand
DISADVANTAGE:
1. you must have multiple lines where clients can contact you. clients, local and abroad tends to be demanding in terms of prod inquiry so you must keep up (i sometimes answer text msgs at 4AM!) else, you'll lose the trust and credibility.
2. there may be times that international customs may reject some items and of course, nature's instinct, even if it's not the shop's fault, the client will direct the disappointment or aptly put, the anger towards you. this is the reason why you must be careful in putting the
These services have little overheads, no rentals to worry about and no staff wages to pay out, unlike their physical counterparts who are at a great disadvantage.
Ebay and other well known online marketing platforms have good and healthy growth in their local trade volumes.
Similarly, the postal department and local courier business is experiencing healthy demand and business.
This pops a question. While there is growth in these sectors, obviously the usual retail sector shrinks. Shops do not get their sales volumes and are closing down.
The trend is very clear. Retal shop demand will fall and even shrink. Other than for the service side , such as hair saloons, clinics and so on.
Online shopping is indeed having an adverse impact on the retail sector.
ADVANTAGE:
1. less OPEX - no need to maintain a large group of people but since i do provide delivery service, i only hire delivery reps.
2. you can capture both local and international market
3. you get to operate 24/7 as mentioned mcgyver8
4. high income from international clients
5. you can expand products and services as months pass by due to market demand
DISADVANTAGE:
1. you must have multiple lines where clients can contact you. clients, local and abroad tends to be demanding in terms of prod inquiry so you must keep up (i sometimes answer text msgs at 4AM!) else, you'll lose the trust and credibility.
2. there may be times that international customs may reject some items and of course, nature's instinct, even if it's not the shop's fault, the client will direct the disappointment or aptly put, the anger towards you. this is the reason why you must be careful in putting the