How to Start an eCommerce Business in Singapore?

Posted by John Rikvin on November 16th, 2021



The COVID-19 pandemic put e-commerce into a growth, with small businesses pivoting digitally to thrive and survive. The trend of having an online enterprise is still surging and starting an e-commerce business remains trendy. Low overheads, multiple business models, and a global clientele will ensure it remains so for the foreseeable future.

What is an E-commerce Business?
E-commerce stands for electronic commerce, which covers commercial transactions and activities that take place online. It is seen as a subset of e-business, which encompasses all online businesses.

Singapore is an attractive market for opening an eCommerce business. With a convenient geographic position, Singapore upholds its unofficial status as the central hub of the Southeast Asian Economy. To accomplish this, the Singapore Government has worked hard to secure a free market and establish an advanced infrastructure for various industries. Here are some other reasons why you should register an e-commerce business in Singapore!


Singaporeans Love Purchasing Online

The reports show that local citizens embraced the option of purchasing online, with approximately 90% of the country having access to the internet. The average spending on online purchases is 5 on average, twice as high as Malaysia (1) and Indonesia (9).

The pandemic attracted even more users to purchase online. Some surveys indicate that every third internet buyer made its first purchase during the COVID-19 pandemic. 

Cashless Payment Is Popular

According to a survey, only 1% of online shoppers use the cash-on-delivery option. On the other hand, 45% use credit cards and 20% digital wallets like PayPal and Skrill. From the e-commerce business perspective, it’s the perfect environment for offering cashless payments.

Want to start an eCommerce business in Singapore? Check this blog.

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John Rikvin

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John Rikvin
Joined: August 9th, 2019
Articles Posted: 25

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