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Re: Is E-commerce Profitable And Sustainable In Nigeria? by ponti93(m): 10:34am On Sep 17, 2018 |
E commerce is profitable and sustainable in nigeria... But the present companies are doing it the wrong way... Your friend should first bring a solution to the problems mitigating ecommerce boom in nigeria, add the solution to his business model and watch his brand become no1 in less than 5years.... Did you see what voguepay and paystack did in the payment gateway industry in nigeria... #word 1 Like |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by SimonMagau: 10:42am On Sep 17, 2018 |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by einsteine(m): 10:50am On Sep 17, 2018 |
He has to keep his operational costs low and be very niche. Sell something specific that people actually buy online. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by IJEYdiamond(f): 10:59am On Sep 17, 2018 |
Its is profitable just make sure you do your research before investing. Good news... A Team of experts from the Philippines called Royale Global business club are here in Nigeria to launch #business PROJECT#. This is beneficial to those who are interested and partners are needed. Individuals who are interested can drop their full details at my gmail ijeybest8@gmail.com and i will get back to you Thank you and blessings. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Nobody: 12:19pm On Sep 17, 2018 |
ikihealthplus: focus on a nieche and a location. Ecommerce costs money. Why? Because of inventory. There’ are two ways to scale an eCommerce company. Slowly and profitably or fast and unprofitably. do not let any one deceive you about Paystack and voguepay, they arent making any profit and their business is not ecommerce my guy ecommerce is not profitable in Nigeria, konga and jumia arent making any profit, that is why the owner put in lot of cash so that they can eventually sell it to top ecommerce companies in the future. Your friend wil lose all his money in ecommerce, do you think he can compete with jumia, they have all the cash and can never go broke. guy think again, if possible do something different. that market is over crowded. What do you want to sell that we cant buy on jumia or on konga or any outside shops, can you compete in price, discount and also logistics if you think you are going to ecommerce business in Nigeria because the top players arent doing it wel, then you are doom for failure can your friend money compete with almost $72 million or more spent on jumia or $64 million dollars spent on konga, infact konga was recently sold for peanut if you can answer this question positively then do it if not run away 1 Like |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by thewritingtodo(m): 12:29pm On Sep 17, 2018 |
MimiShopping:As in, I had to follow the niccur. Nice one tiwiex |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by thewritingtodo(m): 12:45pm On Sep 17, 2018 |
majekdom2:Pls shed more light on this, can you? |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Ijebusomaada: 1:01pm On Sep 17, 2018 |
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Re: Is E-commerce Profitable And Sustainable In Nigeria? by phorlargymmie: 1:42pm On Sep 17, 2018 |
I mailed you through NL. Pls reply. Than KS. tiwiex: |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Nobody: 1:46pm On Sep 17, 2018 |
So, I heard you are looking for advice concerning e-commerce in Nigeria. You said it is the B2C type like konga, Jumia, Amazon etc. Here is what you need to do Avoid extravagant advertising Most companies out there think, the first step in launching a business is to start by advertising, this is not true, this will harm the business in the long run. An example is advertising on television and radios, avoid this. I didn't say not to advertise. The type of advertising I recommend is social media advertising. It is more viral and will help in building a brand image. Focus on one thing The second thing, I would like to advise is for you to focus your e-commerce business on a certain branch of products, if possible on a certain type of product eg an e-commerce site focused on female fashion only, and then expanding from there. This will help you in reducing costs. Amazon is a good example of companies who focused on one product, books. From there they added cds, toys, music, movies, and fashion. It is after you have dominated the market with that product, that you can then diversify to a relative product. Focus on a specific location, and then expand This point is very easy to understand but very few companies carry it out. Nigeria is a tough country to start a business. In order to reduce cost to its lowest, you don't have to open shops in Abuja, lagos, rivers and start doing state to state delivery. That will burn the money quickly, start in a town in that state, promote the business there, do inter town delivery. When you get money expand slowly 5 Likes 1 Share |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by polimaf(m): 4:04pm On Sep 17, 2018 |
cvibe2:Olx had to change operation base. Konga now using yudala offline offices which is cool to me.. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by polimaf(m): 4:07pm On Sep 17, 2018 |
GrammarNazi1:Thanks for the correction... 1 Like |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by polimaf(m): 4:15pm On Sep 17, 2018 |
tiwiex:Yes, Marketing is key, couple with the fact that Internet penetration is still very low in Nigeria. I guess building an offline store, using social media to drive sale will be a good option. there are several logistic companies that can help handle logistics. like max, ace, kos etc.. 1 Like |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by icedbreez(m): 5:41pm On Sep 17, 2018 |
cvibe2: lol..that is why investing in Logistics infrastructure (Delivery) and software optimization is key instead of in retail..you never lose. e-commerce firms are losing money? no problem we (ie dropoff Ltd) are winning still. Amazon for instance are having too much shipment their in-house fleet can't cope and they outsource delivery... Get onboard this ship guys, we are open to creative guys and also guys with cash for partnerships and association. (alphasapele@yahoo.com) |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by GetCofOProperty: 4:01pm On Sep 18, 2018 |
polimaf: |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by MimiShopping: 7:54am On Sep 21, 2018 |
icedbreez:sorry, seeing this late. What are your coverage locations like? Do you do POD? Nationwide or? |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by icedbreez(m): 12:46pm On Sep 26, 2018 |
MimiShopping: DropOff is operational in Port Harcourt at the moment and hope to expand. We are a last-mile and On-demand delivery start-up. www.dropoff.com.ng facebook.com/dropoff.com.ng linkedin.com/company/dropoff-com-ng sapele@dropoff.com.ng |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by bedfordng(m): 1:10pm On Sep 26, 2018 |
hmmm |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by brownlord: 11:19pm On Nov 12, 2018 |
DaCharis2016: How do you know your ideas can catapult to millions when you haven’t tested it? You do know so many people’s have ideas and until you get started it remains an idea 2 Likes |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Nobody: 4:56pm On Mar 02, 2019 |
I've learnt a lot from this thread..kudos to everyone who contributed 1 Like |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Nobody: 5:29pm On Mar 02, 2019 |
Well, for now, Nigeria is not ripe for Ecommerce. Don't say someone is doing it blah blah. Jumia is not limited to Nigeria and they have their way of making things work for them. They are only running because they have projected by in few years things will become better. If you want to know what it feels to be operating Ecommerce in Nigeria, then ask Konga. I have given this analysis using the details you provided. However, if he wants to start in a small area, then the xx million may suffice and most importantly if he is not looking for profit till around 2 years time, it is okay to go in. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by adaperry25: 2:04pm On Sep 01, 2019 |
Gotten a lotta key points from this thread |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by KingstonDome: 8:02pm On Sep 01, 2019 |
So many points. A very educative thread |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by Legendguru: 8:38pm On Sep 01, 2019 |
not with pay on delivery |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by adaperry25: 8:56pm On Sep 01, 2019 |
Legendguru:that's one of the ways to survive in the game though you will incur losses but you'll make a decent net profit. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by adaperry25: 1:33pm On Feb 20, 2021 |
i have an ecommerce website. Though i dont have any of the products listed on it but i source for them and do a mark up on the products. I have tried marketing on twitter, facebook but the results are still low. i need solutions. |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by dayssolalee(m): 7:18am On Nov 21, 2022 |
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Re: Is E-commerce Profitable And Sustainable In Nigeria? by Theophinio(m): 10:56pm On Feb 20, 2023 |
adaperry25: Did you later got a breakthrough in regards to your marketing I was the one that just asked you similar question on your thread now where you said you are looking for a video editor Thank you |
Re: Is E-commerce Profitable And Sustainable In Nigeria? by adaperry25: 6:10am On Feb 21, 2023 |
Theophinio:Yea |
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