Carousell – 2nd Largest Ecommerce Marketplace in Singapore

March 3, 2021Digital 38 Marketing Team

Carousell Singapore is the 2^nd largest E-commerce marketplace in the world and is backed by Telenor Group, Rakuten Ventures, Sequoia India, and Naspers.

With a traditional mindset, the Asian boomers usually don’t use secondhand goods. It’s considered a cultural taboo wherein used items bring bad luck. But in the present day, secondhand goods are now seen as aesthetic vintage items wherein millennials find joy in them.

Moreover, in a survey conducted by Carousell, 76% of their respondents answered that monetary benefits are their main motivation to buy and sell secondhand items.

With lockdown enforced on areas, shoppers spend more time online shopping and selling their own belongings. Carousell became the perfect platform to do it.

Empowering Entrepreneurs

As customers try to save money and earn more money during the pandemic, Singaporeans made more than one million transactions on Carousell. An average Singaporean made SGD2,200 by selling on the platform. Asian consumers in the platform resold gifts in brand new conditions.

Out With The New Categories

d38 | Carousell 1 — Photo Credits: Carousell Singapore

Women’s fashion and electronics always have been the most popular categories on any eCommerce marketplaces. But the worldwide lockdown has made baking and furniture equipment for DIY gyms and home office popular categories in the world.

Many consumers found what they’re looking for on Carousell due to its appeal and target demographic on board. The platform attracts businesses to sell under them.

Caring Carousell Community

Amid the fear and the threat of panic-buying during the lockdown, a lot of acts of kindness emerged wherein users sell handcrafted items to raise donations to those in need.

Panic-buying caused a massive spike in the prices of face masks, alcohols, sanitisers, tissues, and other cleaning materials in the market. Carousell eventually became the place to buy hygiene goods because a lot of opportunistic sellers used the platform as a way to sell the products at a higher price.

Need help in setting up your e-commerce store? Contact us to get started.

About D38 Ecommerce Agency

D38 is a South East Asia-focused e-commerce agency that provides end-to-end e-commerce solutions to grow your business in the digital space and generate ongoing monthly revenue. Our e-commerce solutions range from website development, store management, logistics, CRM, customer loyalty programs, automated email marketing, SEO, marketing tools, product press-release (PR) to reputation management – helping international companies simplify e-commerce management across ASEAN Economic Community (AEC).

Our team consists of certified Shopify eCommerce experts, designers, developers, content creators, and strategists working together to support and provide a seamless online shopping experience for our clients’ eCommerce websites.

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Ecommerce #Carousell #Singapore #marketplace #D38

D38 is a member of Digital 38 Group.

Case Studies E-commerce News Highlights

A Close Race Between B2C eCommerce Marketplaces – Lazada and Qoo10

March 1, 2021Digital 38 Marketing Team

Photo Credits: Park Grand Paddington London

Ecommerce has greatly progressed during the COVID-19 pandemic. Check out what are the B2C eCommerce Marketplaces in Singapore that massively ramp up and fell during the pandemic period.

According to new research, e-commerce business experts have taken growth for granted at the expense of consumer experience despite the booming sales accelerated due to COVID-19.

In Singapore, more than a third of consumers (39%) states that they are not satisfied with their digital commerce experience.

International Commercial Director of Blackbox Research Yashan Cama said that a study has confirmed a drastic change in consumer behaviour in the past months due to the growing stipulation to shop online.

Singapore’s B2c Ecommerce Marketplace

It was discovered that Singaporean consumers reported a spike in online spending due to COVID-19, with 63% of those who were asked to answer the survey are now spending more online.

Although there are findings that suggest while major e-commerce brands enjoy higher usage rates, the growth resulted in greater examination from its consumers.

For example, 52% of Singaporeans use Shopee, 41% use Qoo10 and 39% uses Lazada, the consumer satisfaction with Qoo10 and Lazada falls on the lower rank, while Shopee performance is on average.

D38 | B2C Ecommerce Marketplaces 2 — Photo Credits: Qoo10 SG

Qoo10 has the cheapest prices in Singapore’s four biggest e-commerce platforms, it has the lowest prices for 35 out of 73 items analysed in the study. Their prices were also usually about 10.97% low-priced than the average.

It was followed by Amazon, with 30 items that have an average of 4.55% cheaper than the usual. On the contrary, Singapore’s most popular e-commerce site Lazada is 15.97% posher than the average for the categories analysed.

Need help deciding which B2C Ecommerce Marketplaces are suitable for your business? Contact us to get started.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Ecommerce #Ecommercemarketing #B2C #marketplace #Lazada #Qoo10 #Shopee #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

Yuan Skincare Malaysia Launches Shopify E-commerce Website

January 7, 2021Digital 38 Marketing Team

Photo source: Yuan Skincare Malaysia

Good news! Yuan Skincare Malaysia recently launched its own Shopify e-commerce store. Check this out to learn more about their new website.

Yuan Skincare is the number 1 best-selling handmade soap in Taiwan. Inspired by traditional Chinese medicine, their products are formulated from extensive research and development with the use of herbal extracts from Ah Yuan’s farm and spring water to effectively kill bacteria and prevent breakouts.

They offer a wide range of skincare and personal care products like body soaps, shampoo & conditioner, shower gel, body wash, toothpaste, mask, toner, and essential oils.

View this post on Instagram

A post shared by Yuan Skincare MY (@yuanskincare.my)

Yuan Skincare Malaysia Shopify Website

Yuan Skincare Malaysia gladly invites you to its newly launched Shopify e-commerce website. Follow their official Instagram account to know about their latest updates.

Yuan Skincare Malaysia Launches Their Shopify Website — Photo credits: Yuan Skincare MY

Moreover, the Wild Mugwort Soap 艾草皂 is their best-seller which possesses a unique scent. It is regarded as a healing herb for its anti-bacterial, anti-fungal, and skin-protective properties.

Malaysian residents can now purchase Yuan Skincare favourites and enjoy its free shipping service for orders above RM88 (Peninsula) or RM200 (East).

Subscribe to their newsletter to receive the latest exclusive promotions, new products, and sales directly to your email.

Start your e-commerce business by setting up an online store. Contact us and speak with our experts to get started on your Shopify website.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Shopify #YuanSkincareMY #Ecommerce #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

How to Start Cross-Border Selling on Shopify

December 29, 2020Digital 38 Marketing Team

Technology enabled e-commerce to push through cross-border selling and completely transformed the way people buy stuff. Millions of purchases are made online every day regardless of where they are sourced and a large number of products are delivered to end consumers across the globe.

What is Cross-Border Selling?

Selling cross-border helps you reach consumers anywhere in the world by creating localised shopping experiences for your store visitors. Selling in several marketplaces can be an effective key to drive extra income for your business and create brand awareness on a global market.

Digital 38 | Cross-Border Selling Shopify FAQs

Benefits of Cross-border E-commerce

Selling online is no longer the realm of a selected class of e-commerce giants and brand manufacturers. As the technology continues to innovate, this enables small to medium online sellers and street-side businesses to go global and sell across the border effortlessly.

Not only online sellers will benefit from cross-border selling, but also e-commerce platforms such as Shopify.

How to Start Selling Cross-Border?

It is important that you identify your potential target markets before you start selling internationally. You can identify your potential target audience by looking at the size of the market, the simplicity of doing business in that market, and the potential return on investment. You should remember that localising the customer experience is key to driving traffic, and ultimately conversions.

Digital 38 | Cross-Border Selling Shopify FAQs

You should also provide your customers with an option to shop in their local language and currency to build their trust that can lead to higher sales.

It is important that you check with your shipping providers to find out what countries they ship to and which market regulates and limits your products. This way you can adjust shipping regions and comply with the regulations of the receiving market accordingly.

Do you want to start selling cross-border on Shopify? Contact us to speak with our expert.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Shopify #CrossborderSelling #ShopifyFAQs #Ecommerce #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

Shopee Preferred Sellers: How to Apply & Benefits

December 16, 2020Digital 38 Marketing Team

The Shopee preferred sellers are exclusively selected by the Shopee team. The process is done by invitation only so sellers cannot directly send their applications in; hence, there are no additional fees once qualified.

How to become a Preferred Seller?

You must fulfill the following criteria and read on the Seller Education Hub for you to qualify and be a preferred seller.

Digital 38 | Shopee Preferred Seller FAQs — Photo Credit: Shopee

You must also extend your buyer’s confirmation time from 3 to 5 days.

As a qualified seller, you will get a preferred badge. These labels are shown on your shop page as well as your profile, product pages, and listings.

New Benefits for Shoppe Preferred Seller| Digital 38 — Photo credit: Shopee

What are the benefits of becoming a Preferred Seller?

Shopee Preferred Sellers on the marketplace may greatly benefit by gaining buyer’s trust through their badge. You can improve your search ranking better and attract more buyers with Shopee Coins rewards as buyers are motivated when purchasing from a Preferred Sellers’ shop.

In addition, you will also be included in Shopee’s regular ads on Google and Facebook to reach more potential buyers.

What are Preferential rates for Flash Deal and Bonus Paid Ads credits?

Preferred Sellers will receive preferential rates to flash deal feature and bonus paid ads credits as part of the two new benefits that took effect last 3 August 2020 onwards.

You may sign up to receive a voucher to purchase 3 Flash Deals slots at 50% off. To be eligible, you need to maintain the Preferred Seller status up till the 30th of each month. The voucher will be sent via the Shopee App on the 30th of each month.

There will be an additional bonus paid ad credits when you activate auto-top up each month. This must be enabled for 30 days to be eligible. Credits will be added automatically on the 30th of each month if the criteria are fulfilled.

Do you want to boost your E-commerce store and get complete access to Preferred Seller benefits? Contact us and we will help you become a Preferred Seller.

About D38 Ecommerce Agency

D38 is a South East Asia-focused ecommerce agency that provides end-to-end Ecommerce solutions to grow your business on the digital space and generate ongoing monthly revenue. Our e-commerce solutions range from website development, store management, logistics, CRM, customer loyalty programs, automated email marketing, SEO, marketing tools, product press-release (PR) to reputation management – helping international companies simplify e-commerce management across ASEAN Economic Community (AEC).

Our team consists of certified Shopify eCommerce experts, designers, developers, content creators and strategists working together to support and provide a seamless online shopping experience for our clients’ eCommerce websites.

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Shopee #PreferredSeller #Ecommerce #D38

D38 is a member of Digital 38 Group.

News Highlights

Why Australia Businesses Should Export to Singapore After China Ban

December 14, 2020Digital 38 Marketing Team

why australia businesses should export to Singapore digital 38

With China’s latest ban on Australian food product imports due to contamination, businesses based in Australia can consider doing export to Singapore to expand market and grow sales.

According to a South China Morning Post report, China has banned imports of Australian barley, sugar, coal, copper, log timber, lobsters and wine. Customs inspections claimed to have found contamination in food products such as barley and log timber. As such, all food imports are banned and these products are facing blocks at Chinese ports.

Officials also contended that Australian wine is being sold at cheaper prices (dumped) at China than in their home market. Hence, they have imposed taxes of up to 212% on Australian wine. Australia has rejected allegations of wine being dumped in China and this new tariff will make Australian wine unviable and unmarketable in China.

The impact of the China ban on Australian export

China is Australia’s largest export market for barley and wine. 70% of Australian barley and 39% of wine are exported to China.

Without China as a main market for Australia’s barley and wine, Australia will need to find other export markets for its products. If not, many exporters of these food products will go out of business. The whole industry, be it businesses or ordinary people whose livelihood are dependent on this, will be affected.

If you are based in Australia and are looking at exporting your products to other markets, you can consider bringing your products to Singapore. But why you should consider doing export to Singapore? Here are some reasons to persuade you.

Consider export to Singapore with strategic e-commerce

Singapore is one of the few countries in Asia where it is relatively easy to set up a business. The city-state island has a highly efficient infrastructure, free market economy, a stable socio-political environment, and an attractive tax regime for setting up your company. New companies can also enjoy low corporate tax rates of about 4.25% up to $100K profits.

Aside from this, it is the optimum time for you to export to Singapore as the Regional Comprehensive Economic Partnership (RCEP) pact was signed recently in November 2020. With the RCEP, businesses in the ASEAN region need only follow a single set of rules and enjoy a more fuss-free procedure when exporting to other markets – for instance, from Australia to Singapore.

Are you an Australian-based business looking at exporting to Singapore? Let Digital 38 provide you with cross-border e-commerce, as well as build an e-commerce website that drives sales from across the ASEAN borders. Talk to us to get started.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#EcommerceAgency #AustralianExporters #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

RCEP Benefits for Cross-Border E-commerce & Export

December 10, 2020Digital 38 Marketing Team

The Regional Comprehensive Economic Partnership (RCEP) is a propositioned pact between the member states of the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) partners. The agreement aims to cover trade in goods and services, intellectual property, and more. Knowing the RCEP benefits can help businesses in Southeast Asia provide better online shopping experience across borders for its consumers.

Additionally, RCEP is the world’s largest free trade agreement in terms of gross domestic product (GDP). It involves 15 member countries such as Singapore, Malaysia, Indonesia, Philippines, Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, China, Japan, South Korea, Australia and New Zealand.

What does RCEP mean for SMEs?

The RCEP pact will eliminate tariffs for at least 92% of goods, open up trade in goods and services, and promote investment to help emerging economies catch up with the rest of the world. For small and medium enterprises (SMEs), this means easier cross-border trading and selling between neighbouring Southeast Asian countries.

Why is RCEP significant?

Before the RCEP pact was established, there were multiple FTAs in different countries and each of them has its own set of rules. Exporters had to comply with different set of rules for different countries. It was not only time-consuming, but costly as well. By establishing a common set of rules, businesses only need to follow one set of rules when exporting their products or services.

With simplified customs procedure, improved trade facilitation, lowered transaction time and costs, it gives exporters like you a certainty on cross-border activities for your e-commerce plans.

This pact is especially beneficial to SMEs as the digital economy still presents you with significant barriers for cross-border trade.

How does the pact work for you as an exporter?

With greater ease and more open markets, the RCEP pact will provide exporters like you much needed certainty and stability in times like this. With the right strategy, you can leverage on the RCEP benefits for your growing online business.

Though it will take some time for RCEP to get ratified and come into force as certain parties need to complete domestic procedures, businesses may start preparing as early as now. You can look at your current business model and assess the long-term implications of the pact. By doing so, you can reap the RCEP benefits of a more convenient cross-border trade and selling in the future.

Planning to bring your exports into Singapore and start selling online? Contact us and we will help you get started with your cross-border e-commerce store.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#RCEP #Ecommerce #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

Augustinus Bader Malaysia Introduces New Shopify Website

December 4, 2020Digital 38 Marketing Team

ATC | Augustinus Bader Malaysia Launches New Shopify Website AB MYAB-Malaysia

Augustinus Bader announces the launch of its new Shopify website for Malaysia. The announcement was made both on their Instagram and Facebook accounts.

Augustinus Bader Now Available in Malaysia

View this post on Instagram

A post shared by Augustinus Bader Malaysia (@augustinusbadermy)

The award-winning skincare formula, Augustinus Bader, is now in Malaysia. Developed through 30 years of scientific innovation by Professor Bader. Malays will now experience how their revolutionary TFC8® skincare technology works.

Available in the online store are The Cream, The Rich Cream, The Body Cream, The Cream Cleansing Gel, and many more. Also available for pre-order are The Essence Exfoliating Toner and The Face Oil.

The accepted payment methods are credit/debit cards from American Express, Visa, Mastercard, and Apple Pay through Stripe.

Visit Augustinus Bader Malaysia’s website at https://www.augustinusbader.com.my/ and subscribe to their newsletter to get the latest updates on their products.

Follow Augustinus Bader MY’s Facebook and Instagram accounts to be updated on their latest deals and offers.

Set up an online store for your business. Contact us today to get started on your Shopify website.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#Ecommerce#AugustinusBaderMY #Shopify #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

Augustinus Bader Singapore Launches Email Marketing Campaign

December 1, 2020Digital 38 Marketing Team

D38 | Augustinus Bader Launches 1st Email Campaign via GetResponse FT IMG

Photo Credits: Augustinus Bader

Augustinus Bader Singapore launches its email marketing campaign in anticipation of the Black Friday & Cyber Monday sales. Members get to receive double loyalty points on any purchase from 27-30 November.

Augustinus Bader Singapore Offers Double Loyalty Points Thru Email Marketing

View this post on Instagram

A post shared by Augustinus Bader Singapore (@augustinusbadersg)

From 27 to 30 November, the skincare brand offered 2x The Club points on all orders placed at augustinusbader.com.sg.

To make sure that points are recorded, shoppers must be logged into their online account before placing an order. Creating an account is highly requested to receive the points. Points will be credited to the member’s account upon order fulfillment.

Promote brand loyalty with an email marketing that works. Contact us today to get started on email marketing for e-commerce.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#EcommerceAgency #AugustinusBaderSG #LoyaltyProgram #RewardsProgram #EmailMarketing #EDM #D38

D38 is a member of Digital 38 Group.

E-commerce News Highlights

Augustinus Bader SG Holds First Christmas Giveaway on Instagram

November 30, 2020Digital 38 Marketing Team

Augustinus Bader SG is having their first Christmas giveaway. Get a chance to win Augustinus Bader’s The Trifecta which includes The Cream 50ml, The Rich Cream 50ml, and The Body Cream 200ml.

Augustinus Bader SG’s Christmas Wall Contest to Drive Ecommerce Sales

On November 27, Augustinus Bader SG posted on Facebook and Instagram their Christmas giveaway contest. Three winners will get a chance to take home The Trifecta which consists of The Cream 50ml, The Rich Cream 50ml, and The Body Cream 200ml.

View this post on Instagram

A post shared by Augustinus Bader Singapore (@augustinusbadersg)

Here’s how you can participate in the giveaway.

Follow Augustinus Bader Singapore on Instagram
Like their Christmas Giveaway post
Leave a comment on “why you love Augustinus Bader”
Tag a friend to increase your chances

The giveaway is only available in Singapore. Three lucky winners will be announced and notified through a Direct Message on Instagram on Christmas Eve.

Click here for more information.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#AugustinusBaderSG #TheCreamThatWorks #GiveawaySG #EcommerceSales#D38

D38 is a member of Digital 38 Group.

News Highlights Singapore Grants

Market Readiness Assistance Grant Application Process

November 18, 2020Digital 38 Marketing Team

Market Readiness Assistance Grant makes it possible for Singapore-based SMEs to venture overseas. Here are the steps on how to apply for the MRA grant.

How to Apply

Pre-Application

Take note that retrospective applications will not be recognized. An application will be considered retrospective only if any of the following events happened before the application date: Signed an engagement letter with the third-party consultant, made the first payment to the third-party consultant, and began the project with the third-party consultant.

Companies are required to submit applications no earlier than six months of the project’s start date.

Application

Step 1. Obtain quotation

Prepare the following documents from the third-party consultant: Quotation for the local vendors and it must be a pre-approved vendor, credentials of the project team, and track records of past completed projects.

Step 2. Activate CorpPass

Ensure that you activated your CorpPass account and have ‘Officer’ access in order to create a draft grant application. Visit the CorpPass website to register and take note that users with ‘Officer’ access can only draft applications while CEOs, Proxy Users will be able to submit the application.

Step 3. Log in to Business Grants Portal

Proceed to the Business Grants Portal (BGP), login using your CorpPass account, and type the correct UEN number.

Step 4. Update Company Profile

Make sure to fill-up all the required fields needed for the company profile.

Step 5. Get New Grant

Once logged in, click the ‘Get new grant’. Select Sector > Select Grant > Select Market Readiness Assistance.

Step 6. Click Proceed

Click ‘Proceed’ to continue the application procedure.

Step 7. Submit application

If the draft is complete, request the user with CEO or Proxy access to submit the application. Once submitted an acknowledgment email will also be directed to the listed email address.

How to check application status

Businesses can check their application status through the Business Grant Portal (BGP). On the other hand, the registered email will receive a notification via email.

If the application was approved, businesses will be asked to accept the Letter of Offer (LOF) through the BGP. Users with CEO or Proxy access can only accept the LOF.

Here are the supported activities by the Market Readiness Assistance grant.

Want to learn more about the Market Readiness Assistance (MRA) Grant Eligible Activities? Click here.

Digital 38 is an MRA 360 Support Strategic Partner offering consultancy, third-party quotations, and delivery of MRA supportable activities. We support SMEs in the professional services, eCommerce, manufacturing, and retail sectors aiming to penetrate Malaysia, Thailand, and Vietnam. We have a dual support team consisting of Singapore-based consultants and a local market support team. Contact us today to enquire about our MRA services.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#EcommerceAgency #MRAGrant #MarketReadinessAssistanceGrant#EnterpriseSingapore #SingaporeGrant #D38

D38 is a member of Digital 38 Group.

News Highlights Singapore Grants

MRA Grant Supportable Activities for SMEs

November 11, 2020Digital 38 Marketing Team

D38 | MRA Grant’s Eligible Activities for SMEs Featured image

Applying for the Market Readiness Assistance (MRA) Grant for your business? Here are the activities supported by the grant.

1. Overseas Marketing Promotion

Overseas marketing and PR activities

The supportable activities for Overseas marketing and PR are third-party purchases for Marketing and PR activities that include roadshows, pop-up stores and launching of promotions. It also consists of the pitch fees for out of the country business and trade conferences.

The deliverables consist of an event article together with related materials like publicity materials and photos. Bills, receipts, or bank statements for payments sent to the third-party seller such as proof of payment are also required to be submitted.

Participation in Overseas Physical and Virtual Trade Fair

Overseas Physical Trade Fairs

This comprises of the third-party expenses charged by Event Organisers in relation to the space rental, stall design, and construction. Proofs of completion needed are the following: Event report together with related materials – for example, photos and exhibitors’ listing with the company’s name – and invoices for payment made to the third-party vendors.

Virtual Trade Fairs

Fees charged by the event organisers such as the Virtual Exhibition Hall & Booth access, collateral creation, business meetings, pitches, product launches, webinars, and post-event analytics.

Deliverables may include screenshots of exhibitor listing, publicity materials, virtual booths, virtual business meetings/matching sessions, post-event analytics report and product samples.

Proof of completion must include an event write-up with related materials stating the company’s name and receipts/bank statements for payment made to a third-party vendor.

2. Overseas Business Development

Business Matching

Supportable activities include third-party expenses in identifying the possible partners and clienteles (B2B) together with the licensees/franchisees, agents and distributors, and joint project associates.

An in-depth profile report of potential clients/partners for the company in the chosen market and business matching results is required to be submitted as deliverable.

3. Overseas Market Set-Up

Market Entry

This includes advisory, legal and documentation costs in connection to Intellectual Property (IP) Search and application, implementation of recommended tax structures, name search, filing and registration for sales/representative offices or equity entity, drafting of franchising, licensing, agency, distributorship and joint project contracts (limited to only the first set of such agreement) and importing and exporting licenses.

Proof of completion includes the relevant file documents to be submitted to the authorities, copies of certificates, permits, licenses obtained, duplicates of franchise/JV agreements and a statement on assessment of financial and recommendation.

In-depth FTA Consultancy

This activity comprises of consultancy, advisory and legal expenditures on detailed assessment to find opportunities obtainable in FTAs, analysis of company’s supply chain, application steps for customs rulings with issuing authority, and consultancy for FTA compliance. This includes internal guidelines.

Deliverables required are assessment/analysis report, customised manual, rules, standard operating procedure (SOP), etc.

Here is the list of FTA Consultants for FTA-related consultations.

Want to learn more about the Market Readiness Assistance (MRA) Grant Eligible Activities? Click here.

Digital 38 is an MRA 360 Support Strategic Partner offering consultancy, third-party quotations, and delivery of MRA supportable activities. We support SMEs in the professional services, eCommerce, manufacturing, and retail sectors aiming to penetrate Malaysia, Thailand, and Vietnam. We have a dual support team consisting of Singapore-based consultants and a local market support team. Contact us today to enquire about our MRA services.

About D38 Ecommerce Agency

We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.

#EnterpriseSingapore #MarketReadinessAssistance #MRAActivities #SME #Singapore #D38

D38 is a member of Digital 38 Group.