Best Tips for Marketing you e-commerce business in Malaysia
To thrive in the Malaysian e-commerce industry and achieve marketing success, consider implementing the following e-commerce tips and tricks:
1. Acquire a working knowledge of digital marketing jargon
If you work in the digital marketing field, you should be familiar with the jargon and know how to use it properly.
SEO-friendly word usage is essential for your product or company to appear in search results. By optimizing your content, you enhance its visibility to potential customers who typically browse the first few pages of search results. This increases the chances of attracting organic traffic and maximizing the value of your provided information.
2. Post relevant content
Your content must be updated frequently with correct SEO to remain relevant in Malaysia’s sea of digital marketing.
Data show that posting at least once a week is essential to maximize return on investment. While consistent updates with SEO optimization are essential for staying relevant, excessive frequency can lead to audience fatigue, message saturation, and increased costs, diminishing the impact and ROI of your marketing efforts.
Customers will subscribe to your email and trade information for more outstanding advertising if the information is valuable, intelligent, and engaging.
3. Create a mailing list
You should prepare a mailing list at the start of the business and update it throughout. The mailing list can include new product launches, company updates, and other things that should be recalled as part of learning digital marketing tips for beginners.
A mailing list is essential in digital marketing, especially for beginners, as it enables direct communication with your audience, building trust, and establishing authority through valuable and non-spammy emails.
4. Incorporate infographics
Using attention-grabbing and memorable visuals, such as infographics, is crucial in marketing as they engage our brains and facilitate better knowledge retention.
In Malaysia’s digital marketing context, beginners should prioritize incorporating infographics into their strategies to convey information effectively.
Infographics are highly shareable and have more potential for lasting impact than text-based efforts.
5. Use video marketing
The rise in video usage on social media sites has become a powerful tool for product marketing.
Videos in marketing offer several benefits: they engage and captivate viewers, enhance message retention, enable storytelling and product showcasing, and improve search engine visibility with relevant keywords, attracting the target audience and new customers.
You can use relevant keywords specific to Malaysia in the title to attract your target audience and potential customers.
6. Know the difference between marketing and branding
Marketing and branding are two crucial aspects of creating a strong marketing approach.
Branding encompasses the overall image and perception of a company, product or service in the consumer’s mind. It involves developing the unique identity of the brand.
On the other hand, marketing allows companies to build strategies to promote their products, service or company.
Understanding the distinction between marketing and branding allows marketers to develop strategies to contribute to long-term brand equity.
7. Search engine optimization rankings
SEO rankings are a crucial step in having your website indexed by Google. If you use a good SEO approach, your website will rank in the top searches, and algorithms will notice the keywords.
A strong SEO presence can provide a competitive edge in the online marketplace. You can effectively target and capture the attention of your target audience by outranking your competitors in search results. SEOs can also drive more traffic and potential customers to your website.
The increased visibility and online exposure translate into higher chances of conversion, sales, and overall business growth.
8. Create content that people want to read
Focus on creating content that your audience’s wants to know. You can use Google Trends to know the subjects and searches trending in your target market. You can know how well your website and marketing initiatives perform with the help of Google Analytics.
You can speak to your readers’ interests by incorporating trending themes into your articles.
9. Use tools to improve digital sales
Customer interaction is tremendously aided by tools such as chatbots. Consumers want prompt responses to their questions; customers may switch to another company if their issues still need to be addressed.
Guide customers to their answers with the help of a chatbot. By pausing, playing, and rewatching pre-recorded demos for specific information, clients may get insight into the product and get answers to many of their queries.
10. Stay updated on industry trends
Staying informed about industry trends, technologies, and consumer behaviors in the Malaysian market empowers you to make informed decisions, adapt your marketing strategies, and effectively reach and engage your target audience.
It enables you to stay relevant, maximize opportunities, and drive business growth in the dynamic e-commerce landscape of Malaysia.
Opportunities & Threats of the E-commerce Industry
Here are some insights and the best tips for e-commerce navigation in Malaysia.
Opportunities of the e-commerce industry:
- Global market reach: E-commerce enables businesses to reach a global customer base, breaking geographical barriers. It provides an opportunity to expand into new markets and tap into a more significant customer pool.
- 24/7 availability: Online stores can operate round the clock, allowing customers to shop conveniently. Availability will enable businesses to generate sales even when their physical stores are closed.
- Cost efficiency: E-commerce often requires lower operational costs compared to brick-and-mortar stores. Physical retail space is optional, and fewer staff members may be required. This cost efficiency can contribute to higher profit margins.
- Personalized marketing: Online platforms gather valuable customer data, allowing businesses to personalize marketing messages and target specific customer segments. Customized marketing helps create more relevant and effective marketing campaigns, increasing conversion rates.
- Increased efficiency: E-commerce streamlines various business processes such as inventory management, order fulfillment, and customer support. Automation and integration of systems can improve operational efficiency and reduce human error.
Threats of the e-commerce industry:
- Cybersecurity risks: E-commerce involves exchanging sensitive customer information, such as payment details. It makes businesses and customers vulnerable to cybersecurity threats like data breaches, hacking, and identity theft. Ensuring robust security measures is crucial to build trust and protect against potential threats.
- Logistics and supply chain challenges: Fulfilling orders and managing product logistics can be complex and costly. Issues such as delays, product damage during shipping, and inventory management can impact customer satisfaction and overall business operations.
- Lack of tangible experience: Unlike physical stores, e-commerce often needs the more sensory experience of touching, feeling, or trying products before purchase. It can lead to higher return rates and customer dissatisfaction, particularly for specific product categories like apparel or furniture.
Where to Sell? Online Marketplaces or E-commerce Platforms?
When deciding whether to sell on online marketplaces or e-commerce platforms, it is essential to consider your business’ specific needs and goads.
Some of the factors to consider are:
1. Find a niche market instead of targeting everything
Identify your target audience and consider whether selling on a specific online marketplace or setting up your e-commerce platform aligns with their preferences. Some marketplaces cater to particular niches, while others offer a wide range of products.
2. Who will be your logistics partner?
Consider the logistics and shipping requirements of your business. If you sell on online marketplaces, they often have fulfillment services or partnerships with logistics providers.
Alternatively, if you choose an e-commerce platform, you must create relationships with third-party logistics or shipping carriers to manage your company’s order fulfillment.
3. What features to look out for when choosing an e-commerce platform?
Use platforms with a user-friendly interface, customization options, and secure payment gateways.
Before finalizing a platform, consider the SEO capabilities, mobile responsiveness, and inventory management tools.
4. Take into account the commission rate
When selling on online marketplaces, remember that they often charge commission fees on every sale you make.
Evaluate the commission rates of different marketplaces and compare them with the costs associated with setting up and maintaining your e-commerce platform.
Consider the value and visibility that marketplaces can provide versus the higher profit margins and control over the customer experience that comes with your platform.
5. Determine the right payment gateway
Ensure that the online marketplace or e-commerce platform you choose supports the payment methods your target audience prefers.
Look for secure, trusted payment gateways that offer a seamless checkout experience, fraud protection, and compatibility with major credit cards and popular online payment systems.
How to Launch an E-commerce Business in Malaysia
You can follow these steps to learn more tips for creating successful e-commerce in Malaysia:
Determine what to sell
Identify your product or service offering by conducting market research and considering your business goals and target market.
Choose a platform
A. Website: Create a professional and user-friendly online store or website for your e-commerce business to display your products and services and provide a smooth shopping experience for customers.
B. Social media: Grow your business and attract a wider audience by creating a solid online presence.
Select a payment gateway
Choose a secure and reliable payment gateway that supports various payment methods to enable smooth transactions on your website.
Decide on order fulfillment
A. In-house fulfillment: Manage all instances of order fulfillment, including production, packaging, and shipping, in-house to control the process entirely.
B. Third-party fulfillment: You can outsource parts or all of the fulfillment process to a third party to reduce costs and logistics management.
C. Dropshipping: Work with a fulfillment partner who directly ships products to customers on your behalf, eliminating the need for inventory management.
D. Hybrid fulfillment: Combine different fulfillment models based on your business needs and requirements.
Register your business
Complete the required legal procedures by:
- Registering your business with the concerned authorities,
- Acquiring licenses and permits, and
- Ensuring compliance with the regulations.
Insights and Trends of E-commerce in Malaysia
The e-commerce industry in Malaysia has witnessed remarkable growth and remains a flourishing sector. Here are some valuable insider advice and practical tips for succeeding in e-commerce:
Growing market size: Malaysia’s e-commerce industry has been gradually increasing. The nation has a high internet penetration rate at 89.06% and approximately 33.47 million internet users, which supports the expansion of online shopping.
Mobile commerce dominance: In Malaysia’s e-commerce environment, mobile commerce, or m-commerce, is essential. More people are using their mobile devices for shopping and transactions due to the widespread use of smartphones and rising mobile internet speeds.
Rise of online marketplaces: Lazada, Shopee, and Zalora are a few of the well-known online marketplaces in Malaysia. These platforms offer a broad selection of goods, a sizable consumer base, and practical payment and delivery methods.
Shift in consumer behavior: The COVID-19 pandemic sped up Malaysia’s embrace of internet purchasing. The demand for necessities, gadgets, clothing, and home goods through e-commerce increased as consumers quickly purchased online.
Payment innovations: Online banking, digital wallets, credit cards, debit cards, and other payment alternatives are now readily available, making it easier for Malaysian consumers to conduct business online. By introducing proprietary digital payment solutions by e-commerce platforms and payment gateway providers, cashless transactions have been accelerated.
Social commerce: Social media sites are rapidly used in Malaysia for online shopping. Businesses use these platforms to advertise their goods, interact with consumers, and promote sales through built-in shopping capabilities.
Cross-border e-commerce: Consumers in Malaysia increasingly turn to cross-border marketplaces and brands for their purchases. Improved logistics and delivery networks have made access to international goods and a more extensive range of options easier for Malaysian customers because of improved logistics and delivery networks.
Emphasis on customer experience: Enhancing the consumer experience is a top priority for businesses in the e-commerce industry. This includes tailored advice, efficient checkout procedures, prompt customer service, and swift delivery services.
Tips for People and Startups Involved in E-commerce in Malaysia
For individuals and startups involved in e-commerce in Malaysia, you can follow some of these tips for creating a successful e-commerce business:
- Understand the market: Take the time to research and understand the e-commerce market in Malaysia, including consumer preferences, popular product categories, and local trends. It will help you tailor your offerings and marketing strategies effectively.
- Build a strong online presence: Create a professional and user-friendly online store. You can build your strong online presence through SEO optimization, which can also help improve your online visibility and attract organic traffic.
- Offer multiple payment options: Provide a variety of payment methods to cater to the preferences of Malaysian consumers. Consider integrating popular local payment gateways and e-wallets, such as GrabPay and Touch ‘n Go eWallet, along with traditional methods like credit cards and online banking.
- Ensure seamless logistics: Partner with reliable logistics providers or use third-party fulfillment services to deliver timely and efficient orders. Malaysian consumers value fast and reliable shipping, so optimizing your logistics processes is crucial for customer satisfaction.
- Focus on customer experience: Prioritize delivering exceptional customer service and providing a seamless buying experience. Respond promptly to customer inquiries, address concerns or issues, and strive to exceed customer expectations to build loyalty and positive word-of-mouth.
- Stay updated with regulations: Familiarize yourself with relevant e-commerce regulations and laws in Malaysia to ensure compliance. Stay updated with any changes or updates to maintain a legally sound and trustworthy business operation.
Malaysia’s e-commerce industry presents excellent opportunities for individuals and startups. With a growing digital consumer base, strong online presence, and focus on customer experience, success can be achieved in this thriving market.
By staying informed, providing seamless logistics, and adapting to changing trends, entrepreneurs can thrive and grow their businesses in Malaysia’s e-commerce landscape.