Maroc - NEWSDAY.CO.TT - A la Une - 25/Jul 08:05

How to sell online – Expanding beyond local borders

In today’s digital age, the ability for businesses to expand beyond local borders and tap into international markets can set the stage for unparalleled growth and opportunities. For entrepreneurs in Trinidad and Tobago, understanding how to use e-commerce effectively is crucial for capturing both national and global sales. With a constant cry from the population that the economy is not where it should be, the MSME community needs to start learning how to do e-commerce and putting the right tools and strategies in place that will open them up to participate in the global economy. It’s 2024 and we have every single thing we need to sell and ship internationally. The biggest challenge is you – the business owner. Are you willing to learn a new way of doing business? Are you willing to upskill? Are you determined to not give up even though things in the digital space change constantly with major changes happening overnight, forcing you to keep up to date? If you answered yes, then keep reading. This guide provides a roadmap for local entrepreneurs to harness the power of e-commerce to expand their reach and scale their operations effectively. Let’s break down what you need. Website: Heart of your e-commerce strategy The cornerstone of your e-commerce business is your website. It serves as your digital storefront, allowing you full control over how you present your products and interact with customers. A well-designed website should be user-friendly, mobile-optimised, and visually appealing to ensure a smooth shopping experience. You can use platforms like WordPress, Wix, Shopify or Squarespace. The most important thing to look at when choosing a platform is what payment processor works on these platforms. Choosing the right payment processor To handle transactions, you'll need a reliable payment processor. Options available in Trinidad and Tobago include: – WiPay, First Atlantic Commerce and PayWise: Each payment gateway connects to a variety of website platforms, so make sure to visit each payment gateway's website. –PayPal: This is the number-one payment gateway in the world and integrates with every single website solution or any other tool you can think of to process payments. To receive payments from PayPal, you will need a Visa debit card from JMMB, PSCU, Venture or Rhand Credit Union. PayPal also deposits funds to Visa credit cards only, not Linx cards or Mastercard credit cards. It will also connect to a Wise digital bank account, which will allow you to add any bank account (personal/business), and Wise can forward the funds to those accounts. [caption id="attachment_1098238" align="alignnone" width="1024"] -[/caption] – Stripe: Although based in the US, it's a robust option if you register your business there, providing a seamless checkout experience. – Payment links: For entrepreneurs primarily using social media for sales, consider using the e-commerce services provided by local banks (FCB Eazy Biz, Republic EPay, Scotiabank Ecom+). These services often offer basic plans starting at around $100, which provide payment links for easy integration on social media or direct messaging platforms. The payment link service will allow you to create a product – give it a description and a price and it will generate a link. When customers click on the link, it will bring them to a payment page where they can use their local bank cards or credit cards to pay you. You can add these products to your social media accounts, send them via WhatsApp or add them to WhatsApp business catalogues. Logistics: Shipping and delivery solutions For local shipping, consider services like O-deliver or CSF Couriers, which offer reliable and timely delivery across Trinidad and Tobago, ensuring your products reach your customers efficiently. For international orders, partnerships with global shippers like DHL are invaluable. These platforms can be integrated into your website, facilitating smooth logistics and customer service from order to delivery. Integrated e-commerce solutions For a comprehensive solution that includes a digital storefront, payment processing and shipping platforms like Caribshopper cater specifically to Caribbean entrepreneurs looking to reach markets in the US and Canada. These platforms handle the intricacies of cross-border e-commerce, allowing you to focus on product development and marketing. E-commerce opens up a world of possibilities for entrepreneurs. By setting up the right digital infrastructure, choosing appropriate payment gateways and solving logistics challenges, local businesses can thrive not only in domestic markets but also on a global stage. Embrace these tools and watch your business grow beyond borders. Keron Rose is a digital strategist who works with businesses to build their digital presence and monetise their platforms. Learn more at KeronRose.com or listen to the Digipreneur FM podcast on Apple podcast, Spotify, or Google podcasts.   The post How to sell online – Expanding beyond local borders appeared first on Trinidad and Tobago Newsday.