No matter what your business is, having an online presence is crucial to success in this digital age. Today, the internet impacts the daily lives of millions of individuals who use it for socializing, entertainment, and shopping. The COVID-19 pandemic further boosted the e-commerce industry when people had to shift to online shopping when forced to stay indoors and maintain social distancing. According to a United Nations Conference on Trade and Development (UNCTAD) report, the restrictions imposed due to the pandemic had increased online sales from 16% to 19% in 2020.
Now more recognise the convenience that online shopping offers. According to Statista, during the third quarter of 2021, 62.5% of Filipinos purchased a product, service, or groceries online. Hence, you must have an e-commerce website for your business.
Benefits of going online
According to research compiled by Shopify, online purchase sales increased from 17.8% in 2020 to 21% in 2022. Going online for a business has several advantages, including:
Expand your customer base and reach international markets
Save on costs of maintaining a brick-and-mortar store
Give customers a fulfilling shopping experience and increase customer loyalty
Analyze customer patterns and website hits to improve your website further
Stay ahead of your competition with online marketing techniques and strategies
Types of e-commerce platforms to choose when starting out?
When you have decided to enter the world of e-commerce, you have the choice of choosing one of the two main types of e-commerce platforms: marketplaces and branded websites.
Marketplaces
An online marketplace is an e-commerce platform that offers multiple buyers and sellers opportunities to connect with each other. Different companies and brands can use the same e-commerce marketplace to sell their products. Examples of marketplaces include Amazon, eBay, Lazada, OLX, Shopee, and others.
Branded websites
A branded website is your business’s personal profile where every element of the website depicts your brand’s personality and outlook. Retail websites specifically sell your products, and customers are given a chance to explore all your product ranges and have a good experience while shopping.
Popular branded e-commerce platforms to choose from
To create a personal e-commerce store, you can choose from a few popular branded website platforms and create your online store. These different types of e-commerce platforms offer different tools and customization options through which you can create your e-commerce website in the Philippines. Some of these popular platforms are discussed below:
1. Shopify
Shopify is a popular online shopping platform in the Philippines that offers several beneficial tools and functionalities, including customer support options and multi-channel selling. It also handles all aspects of your business, from paying to facilitating in-person sales through POS functionality. Just search up top Shopify e-commerce stores to gain valuable insights that will help you create a successful e-commerce site of your own.
2. WooCommerce
WooCommerce is an open-source WordPress plug-in website builder platform based on a content management system. Although it does not offer the convenience and simplicity of creating a website like Shopify, it offers multiple customer support options, integrated sales channels, and mobile app features.
3. Wix
Wix is another platform that gives you the option to build your e-commerce website through simple and user-friendly functionality. It offers customizable templates, web hosting, order tracking option, multi-channel selling, online payments, and domain name registration.