LawEddie.com

Bloggers & Law, Internet Law, Legal Tips, M’sian Law News, E-commerce, Inspiring Stories…

LawEddie.com header image 2

Malaysian dotcoms: Where are they now?

October 4th, 2007 · 1 Comment

 

 I read an article about a review of the e-commerce company in Malaysia reported by The Star on 20 September 2007. Among others, some of the successful e-commerce entrepreneurs were interviewed. Hope this will enlighten you a bit more…

Gist of part of the interview 

These are part of the gist of the interview:

Marin Cheah from Blooming.com.my, stated:

-the website was set up way back before Window 95 release

-people think that he was out of his mind at that point of time.

-their initial targeted group was college students

-with the first mover advantage the website was gaining many free media  exposures and attention. 

- the website now receives hundreds of orders per day

-during peak season the sale rises up to many thousands per day     

 Richard Tan from Lelong.com.my, said:

-Lelong was set up in 1999

-Internet is an excellent platform for matching people’s needs

-online auction also fit in with the Malaysian culture for haggling

-for the 1st 5 year, the service provided is free

- the hardest partin an e-commerce business is not building a website, but to attract traffic to the site

- the website now receives over 30 million page views and 1 million unique visitors per month

- over 10,000 items are posted per day

- 100,000 transaction taking place per month

Challenges & Hurdles

Some of the main challenges and hurdles faced by Malaysia e-commerce are:

1. low penetration of broadband services -effect: slow image loading 

2. lack of local online payment gateway system – effect: force to relay on overseas system

3. lack of confident in online transaction - effect: slow down the growth of online retail (despite, 3% of the total US retail sale comes from e-commerce.

Successful Tips

1. Uniqueness – one must differentiate one’s site from others (Unique Selling Point)

2. Suitable product -not all products are suitable to sell online

3. Ready to react to surprise – entry barriers to e-commerce are low, hence every one can easily be your competitors tomorrow. You must be ready to change and keep on changing…

Tags: Malaysian E-commerce

1 response so far ↓

  • 1 ariff // Nov 7, 2009 at 11:36 am

    There are lot of companies which are successful. Mudah.com – Gift-Malaysia.com – Noel.com . Blooming have an edge of oldest.

Leave a Comment

Disclaimer:Eddie Law is currently not involved in legal practise.This Site is provided for your information only to help you understand some of your legal rights. It should not be relied on as legal advice because it is not a substitute for an in person consultation with a lawyer. Nothing transmitted to or from this Site constitutes the establishment of an lawyer-client relationship between you or any lawyer. Eddie Law shall not be liable for any lost suffered by you as a result of relying on the information herein.