Jumpstart Magazine May/June 2014 | Page 32

30 JUMPSTART WHAT MAKES YOU DIFFERENT FROM COMPETITORS? There are some larger global players but the competition in Asia is extremely fragmented. Our competitive advantage is our simplistic setup process, knowledge of the Asian selling culture, and that we are entirely optimized for mobile, both for the merchants and the consumers. Our target market is merchants who do not have the technical know-how of setting up an online store and are just entering into e-commerce. We are developing a process that is extremely easy and smooth thereby lowering the entry barrier for these merchants. As we understand the importance of mobile, all shops that use our platform get responsive sites, meaning the experience is consistent across all devices. JUMPSTART WHAT ARE SOME OF THE CHALLENGES IN THIS TYPE OF BUSINESS? One of the bigger challenges is getting the merchants to understand that e-commerce really isn’t as difficult as it seems! With our product, the process is simplified, creating fewer hurdles for businesses to get started. Additionally, e-commerce has thus far been heavily focused on marketplaces in this part of the world; platforms such as Taobao, Yahoo, and to a lesser extent eBay. These huge marketplaces have solidified themselves as the go-to places to conduct online transactions. However, these conventional marketplaces do not help businesses to build their brands online. Many merchants are now beginning to understand the value of having their own self-brande