Article written by Ifesinachi Okpagu It is one thing to launch a new e-commerce business, which is fast gaining traction in Nigeria. But it is another to compete with the hundreds of rivals that are seeking the proverbial pot of gold at the end of the rainbow. While some businesses will make it; others will not. Research says that about 70 per cent of start-ups fail within the first year of existence. Unfortunately, the same statistics also apply to e-commerce industry. And just as many build high hopes of attracting foreign investors, doing the leg work is a magnet to the right spotlight you want on your e-commerce business. So, how do you stand out from the crowd? How do you make customers choose you over a dozen other competitors? More important, should you be competing or differentiating? Competing means going head-to-head with existing brands – more like a time-consuming battle in my opinion. Differentiating is a more rewarding route. It entails carving a unique po...
Information is power. A well-informed individual is better equipped to make a better decision. This blog is all about information sharing, towards building a better society. Join us!