Thursday, March 11, 2010

Doing business the way

Another online marketplace emerges into the cyberspace to give opportunities to businessman and online entrepreneurs. according to the Creative Online Media Inc. Chief Executive Officer Dennis Ng, the person behind the new online marketplace he saw the opportunity in the services sector by providing a platform for doing business. The website allows small and medium enterprises to sell their products and look for suppliers through the internet.

Now is working its way in the competing arena as one of the leading and growing online marketplace in the Philippines. “Purchasers need not scan the telephone directory and call each one of them for quotations. All a purchaser has to do is tap the for these needs at the least cost,” Ng said. He claims that there are already 17,000 pre-listed companies in the website. The SMEs are entitled to feature up to five products. Each company can upload products, photos and company profile, and for other company they upgrade their platforms by paying P8,888 annual fee. “The annual payment is but just peanuts compared to the countless opportunities they can avail through the,” Ng said.

Users can view mini-webpages and listings in over 30 industry categories and nearly 350 product categories from agriculture to funerals and so much more and with 1,005 design templates to choose from to suit a particular company’s business while companies who signs for premium (upgraded) account will be given an specific designed website according to their specs.

Creative Online has engaged the services of Dun & Bradstreet, a US-based company that provides international and US business credit information and credit reports, for the authentication process, which is done on an annual basis. “Our primary objectives are to promote e-commerce within the Philippines and utilize the internet to link businesses with international buyers, vendors, trade facilitation bodies and government institutions. We hope to enable Filipino businesses to create a place for themselves in the e-world and get their share out of this fast growing trade channel,” said Ng.

The company is also engaged in search engine optimization by continually updating Yahoo and Google of their listed companies so that searches would automatically redirect to the website and put their companies on top the list.

Ng could only dream that they would someday become the Alibaba of the Philippines, but who knows? Alibaba provides B2B for Chinese firms with an estimated listing of 4 million now although China has 30 million SMEs.

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