A Solution by Aussie Digital for the Challenges of E-Commerce Trade Retailers The

1. A Solution by Aussie Digital for the Challenges of E-Commerce Trade Retailers The rapid growth of E-commerce industry is attracting more and more people to invest in this lucrative industry segment. Amazon.com is one of the biggest examples that have set a benchmark in this industry. But it is not easy; the challenges will make it difficult for the store owners to enter in this online business world and achieve success. Here we are going to discuss some of the key challenges faced by the entrepreneurs and small business owners while entering into E-commerce industry:-  Lack of funds Most of the small businesses are funded with their owner’s money. Applying for loans from banks and financial institutions is a time consuming and lengthy process for the business owners. Due to current financial restrictions, it may even take days to clear the funds for the applicant entrepreneur.  Competition There are many big corporations like Amazon having big budget, experience and good market value, so it becomes difficult for small companies to compete with them.

2.  Lack of technological power Due to the lack of capital, small businesses and manufacturers are unable to deploy advanced and latest software on their stores.  Inefficient sales pitch The online sales are based on various factors such as customer reviews, attractive images and sales pitch. Small business owners have good range of products but poor online presentation is a great barrier for their successful sales. Poor online representation often limits the sales of the products.  Absence of product localization When you are trying to enter international markets, take care that your products are described in widely spoken languages as it will help in enhancing your product value in local markets. But, most of the small business owners ignore to localize their products that restricts their sales in some of the international markets.  Poor customer support A good customer support service plays a vital role in boosting your business revenue by increasing repeat sales. When customers are not satisfied with product and receive no customer support to resolve their queries, they leave negative reviews that ultimately harm a business’s reputation. This problem is often associated with small business as they are not capable of providing adequate customer support that becomes a great barrier in their business expansion.  High transaction fees High expenses and transaction fees is one of the biggest challenges faced by the small business owners. Setting up an E-commerce store requires a significant amount of investment as well as transaction fee charges by the banks and payment gateways like PayPal that make the whole thing very expensive for the small business owner. Overall, these factors restrict the revenue growth for the business. Solution by Aussie Digital Aussie Digital is developing a platform named Tradezy to help the small scale businesses in promoting their products without spending much fortune. The platform has been designed with the aim of bringing local and regional producers to the national and international markets. With the help of Tradezy. small business owners will be able to promote and sell their products by paying small fees. Apart from it, the platform will have its own native crypto currency –AUDcoin. In this way, Aussie Digital is filling the existing gap between retailers and the world of crypto backed e-commerce. To grab more information about Tradezy you can explore the Aussie Digital official website. Conclusion At Aussie Digital, they are stepping ahead to revamp the E-commerce industry by introducing a platform that enhances the investors’ buying and selling power to maximize their profit.