Comments on: e-commerce in Nigeria – The way forward

By: Ecommerce developer

Ecommerce developer — Thu, 17 Mar 2011 13:05:57 +0000

Ecommerce is best way to promote your business or products in online. e-commerce can provide exponential growth to your business and multiply sales and revenues for your organization. thanks for your sharing.

By: noelite

noelite — Fri, 25 Dec 2009 23:02:08 +0000

Elsewhere in the world, setting up online payment software are free. Returns are made from commissions on each transaction. Unfortunately, Operators in Nigeria start up on very greedy notes.

Imagine, N150,000.00 – how will a small business owner cough this out?

And when eventually he does, he gets to realize he just bought a piece of the disappointment because the providers have refused to be responsible.

Interswitch’s switch or payment gateway will 55% of the time have issues and refuse to process the payment and the small business owner who with unease payed for their license begins to loose sales and customer trust as a result.

The most annoying part is that Interswitch, as a friend of mine rightly said, will flex muscles at every available opportunity.

I don’t blame them (too much money). Once upon a time people bought MTN SIM cards for as much as N60,000 and felt like ‘bigger boys’. Perhaps that will happen with Interswitch when they get a good competitor.

For now they got the market. We have to get thinking on a better future for eCommerce in Nigeria.

By: Possicon

Possicon — Sun, 29 Nov 2009 19:23:47 +0000

@Niyi
They both way too high. I hope to see a price slash or a viable competitor to come on board.

By: Oluniyi David Ajao

Oluniyi David Ajao — Sat, 28 Nov 2009 20:36:36 +0000

N150,000 is an undisguised extortion. I shared my views on this matter about 2 years ago and it is pathetic that things have remained the same till date with the exception of GTB’s model of slashing off 50%. N75,000 is still to high.

By: Possicon

Possicon — Fri, 13 Mar 2009 12:45:12 +0000

@Nairalist

Interswitch?

By: Nairalist Classifieds

Nairalist Classifieds — Fri, 13 Mar 2009 11:54:12 +0000

I was once told that their commission is 40 naira per transaction.

By: Possicon

Possicon — Thu, 12 Mar 2009 16:11:57 +0000

@nairalist

Think about it, the 150k is just for the setup while you will definitely pay other commissions, couple with your site (building and maintenance), offline shop (if any) etc.

What I think again is;

Interswitch should restructure their product to fit the trends, they should check for a possible high traffic site who has less money to start and sells small stuffs then he pays like 15k-30k while the rest would be met from the commision.

That I think will increase the startup cost for everyone and the turnover will definitely be benefial to Interswitch.

Well since they are still milking the ATM stuff they may not think about this yet.

By: Possicon

Possicon — Thu, 12 Mar 2009 15:49:05 +0000

I think there should be a link/page on classified ads where people can actually states any transaction they have been able to get through via the service.

I still think that; for continuity and better relationship, a full e-commerce site can easily make more proposition to customer for further purchase.

Classified could also be linked to an e-commerce site where you can easily track your hit for better planning.

By: Nairalist Classifieds

Nairalist Classifieds — Thu, 12 Mar 2009 15:47:29 +0000

Ecommerce and classifieds both have their roles.

It’s not always possible to the things one wants to buy in one’s area, particularly if one does not live in Lagos.

I don’t think the 150k fee is as excessive as I used to think it was. It costs more than that just to rent a shop for an offline store!

By: Kerawa blogger

Kerawa blogger — Thu, 12 Mar 2009 13:31:50 +0000

The main purpose for encouraging the creation of more e-commerce sites is to help more sellers sell their stuff, and more buyers get their stuff. However, they are not the only solution.

Online classifieds far outperform pure e-commerce sites in the sales of many categories of goods and services.

Why go through the hassle of creating a full-fledge e-commerce site when you can very effortlessly sell your stuff on leading online classifieds. You get the extra advantage of actually getting to KNOW your customers, since deals are usually concluded hand-to-hand.

I would say full e-commerce solutions work best for the large international companies. The small and medium enterprises better try out (free) online classifieds.

I may be very biased; after all I own an online classifieds (Kerawa.com), but still…