facebookHow do you go about starting an E-commerce business like Shopee, Lazada, or even something like Shopback? - Seedly

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Anonymous

02 Mar 2021

Career

How do you go about starting an E-commerce business like Shopee, Lazada, or even something like Shopback?

  • I want to start an e-commerce business for local businesses in SG. Is that a viable idea? What do I need to start?

  • How much should I have in terms of savings, before starting something like that?

Discussion (4)

What are your thoughts?

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Starting a local e-commerce platform in SG is definitely a viable idea, but it requires solid planning, tech development, and a strong marketing strategy. You’ll need a good amount of savings, at least SGD 50k-100k, depending on whether you’re building a marketplace from scratch or using existing solutions. Focus on onboarding local businesses and creating a seamless user experience. I’ve been exploring platforms like https://dazzlecart.co.uk/ for inspiration on how a well-curated e-commerce store should look and function. It’s all about offering value and convenience to both sellers and buyers!

If it were my business, the best solution I'd consider would be to go to the specialists and experts who work with Magento. I already have experience with amasty specialists, who in addition to a huge number of top plugins and extensions also provide magento website maintenance services. It is literally a whole complex of different services, which includes the integration of payment solutions and full support for your online store.

Traditionally speaking, an online marketplace is one of the least capital intensive business model (...

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