One of the best additions to any recipe is a good mix of spices. Spices adds incredible depth to your dishes and you can easily find the right ones to pair with your dish. But what are the health benefits of adding spices to your recipe? Do you know which spices produce the "mala" (麻辣) flavour - one of the most loved flavours in the world? And what types of dishes can you add it to?
Since the COVID-19 pandemic hit, businesses have moved to selling online and consumers have turned to e-commerce platforms like Shopee, Lazada and even Facebook to cope in the midst of lockdowns. Whether you are a B2C or B2B business, the advantages of joining an online marketplace are clear.
In the e-Conomy SEA 2020 report by Google, Temasek and Bain and Co, the internet economy is projected to be worth over US$300 billion by 2025. In addition, the number of consumers who bought groceries online doubled in 2020 and this looks set to continue, with 8 in 10 sharing that they intend to continue buying online even after the pandemic.
Read on to find out how you can enter the e-commerce space with an online platform that is best suited for you.
Comparing the features of Shopee, Lazada, Facebook Shop and Shopify
1. User base
|Shopee Marketplace||Web visits in March 2021 (in millions):
|Lazada Marketplace||Web visits in March 2021 (in millions):
|Facebook Shop||2.74 billion active monthly users worldwide in 2021
Estimated active users by country (in millions):
|Shopify||Traffic varies from shop to shop|
2. Ease of use (Product listing)
|Platform||Ease of use (Product listing)|
|Shopee Marketplace||Beginner friendly user interface; list items directly using Seller Assistant (app) or Seller Centre (web)|
|Lazada Marketplace||New sellers may take some time to get used to the site functionality; separate seller app and site required to list items|
|Facebook Shop||Beginner friendly user interface; list items using Commerce Manager on your business page either:
|Shopify||Free professional templates available, however highly-customised themes may require a developer; list items directly on Product page|
|Lazada Marketplace||Transaction fees of 2%|
4. Payment cycle
|Shopee Marketplace||Earnings credited into Seller Wallet once a transaction is completed, and can be withdrawn into seller’s bank account|
|Lazada Marketplace||Payment released every Monday for preceding week’s sales, into seller’s bank account|
|Facebook Shop||Depends on seller’s choice of payment gateway; Facebook Shop does not support in-app transactions|
|Shopify||If using Shopify Payments, earnings are credited daily into seller’s bank account|
5. Shipping and delivery
|Platform||Shipping and delivery|
|Shopee Marketplace||Integrated logistics partners for SG and MY, including:
|Lazada Marketplace||Integrated logistics partners for SG and MY, including:
fixed rates for sellers (SG only).
|Facebook Shop||Managed by seller|
|Shopify||Integrated logistics partners with Shopify Fulfillment Network; or local couriers like Ninja Van and Aramex through the EasyShip app|
6. Seller support
|Shopee Marketplace||Offers help through:
|Lazada Marketplace||Offers help through:
|Facebook Shop||Offers help through:
|Shopify||Offers help through:
Different strokes for different folks - ultimately, the best platform is one that meets your needs
For brand owners:
For manufacturers looking to sell directly to consumers:
For small business owners:
Consider the platforms as complementary instead of separate channels
To summarise it all, here are the three main takeaways:
When you are ready to proceed, conduct your own market sizing and look for reliable suppliers that you can work with. Trustana links you up with pre-screened suppliers and enables you to go-to-market quickly with the availability of local stock.
If you need advice and assistance on operations, marketing or customer service, you may also consider engaging service providers such as Aladdin and AsiaECS to help you through the initial phase.
Trustana, a Singapore-based B2B platform of verifiable food traders, signed a Memorandum of Understanding today with 5 leading food suppliers from Chongqing, under the “China-Singapore (Chongqing) Agriculture Export Enablement Project” created by the office of the Singapore-Chongqing Connectivity Initiative (CCI). The partnership aims to provide food & beverage (F&B) companies in China and Singapore with better access to import and export markets, so that they are able to internationalize and grow their businesses.