WHY 2020 VISION™
The fear of small to medium size businesses in the retail sector today is the cost of good located retail space in either malls or areas around South Africa. Therefore by having an Online Store you can sell your product nationally without having to carry the burden of any of the leases and shop spends that you would normally have if you wanted a brick ‘n mortar deal.
Over the years working as an eCommerce Specialist in the retail industry I have discovered one common problem with Brick ‘n mortar retailers, If procurement and buying team do not like your product you are doomed and you can not penetrate the market but if they do buy your product; they will always demand a rock-bottom price even if this put some suppliers on the edge of survival therefore it is never truly a win for suppliers.
In today’s world of business, if you are supplier, be thankful when you have a demanding customer base that brings more feet to the Brick ‘n mortar retailers because most companies are reducing the number of their suppliers. The thought is that one good supplier is better than three average ones and thus also saving shelf space for their own private label products.
Therefore, 2020 VISION™ eCommerce Partnership is a solution to help suppliers establish their own retail space to access broader market cost effectively and maximise their revenues. Therefore, 2020 VISION™ will help suppliers make more sales while reducing their dependability and pressure upon Brick ‘n mortar retailers.
“In the eCommerce market in South Africa, the number of Online Shoppers is expected to amount to 38.9m by 2024 it’s growing rapidly.”
“Sign Up below to initiate successful partnership in the growing Industry which is the future of our businesses.”
THE GREAT VALUE IN ONLINE RETAIL
1. The Convenience
The main advantage of online retail is its convenience for the consumer. Most people lead busy lives, and when they need to buy something, they will usually opt for doing it over the internet, instead of going to a physical store. It saves them time, effort, and even money. Simply put, it’s way more convenient for them to do it from the comfort of their homes than in a shop.
Yes, today people do like to shop more online than offline, which inherently means more business for companies dealing with e-commerce, but online retail is also more cost-effective for the company.
Having an online business is easier to manage and more affordable than having a physical shop. Besides the fact that it’s straightforward to set up, online stores can produce more profit.
3. A Bigger Market
A small business cannot hope to reach the global market by having traditional physical stores. However, it can do that through the internet. A significant number of people all over the world have internet access, and many of them shop at websites. You can thus target the entirety of this vast global market with your online store.
Also, the market is only going to get bigger, with undeveloped countries becoming more advanced allowing increased numbers of consumers to gain access to the Internet.
4. Diversity of Products
If your business deals with a wide range of products and services, it will be much easier for you to offer all of that on your site. Having to do it offline is possible, but after a while, there isn’t enough physical space left for all of those products you’re offering. The sky’s the limit online.
5. You Get to Be Open for Business 24/7
In the end, we can’t forget the fact that an online store can work around the clock. While you are resting, visitors are browsing and buying from you. You can’t do the same at a regular physical store that wouldn’t attract many shoppers during the night. That’s probably the underlying success of companies like Amazon and Alibaba. Smaller business rarely hopes to achieve such heights, but it’s always worth to emulate the big companies. For all of these reasons, you should always opt for e-commerce instead of traditional retail.