User:James Suukyi/sandbox

Introduction

Bizskit Ecommerce Technologies PLT is a company based in Kuala Lumpur,  Malaysia offering bizskit.com.my, an online ecommerce marketplace and which also offers other related online services. Its primary objective was to serve an expanding and untapped niche that it saw in certain market segments. It was set up in June 2020 at the height of the Covid 19 pandemic sweeping the world over which caused disruptions to industry and commerce everywhere.

Since starting with a core of 3 people, it has now expanded to about 10 people - full and part time. At the moment, the Company is still hiring and is always looking for talent who share its objectives and is able to keep up with its strenuous work culture.

Products

Among the earliest products offered by the Company was the popular bizskit.com.my platform which offered wide variety of products and services through direct interaction and transaction between Seller and Buyer.

Producers and Sellers on the Platform usually offer Free Shipping or discounted Shipping to Users thus giving it an edge.

The Platform’s simple and clean interface allowed for exceptional User online experience and contributed very much to its initial popularity and wide acceptance. The Company’s catchy phrase of simple, fast and easy caught on very fast and was quickly and widely adopted by many.

One of the platform’s unique selling point was that it allows for Sellers and Buyers to interact directly with each other and conclude the transaction without any interference, commission or fees to the Platform. Parties were able to chat, message, email or call each other utilizing tools afforded by the Platform on its pages. This was an ideal opportunity for all parties in view of the fast changing digital landscape against the backdrop of tough economic conditions. Every cent saved benefited the Buyer and the Seller immensely which in the end, contributed to the meteoric and wide adoption of the Platform.

Sellers were obliged to offer at least 20% of their products listed on  bizskit.com.my  to be cheaper than those offered on at least 2 other similar platforms before being allowed to be listed and in doing so, this gave  bizskit.com.my   a slight price edge over other similar platforms.

The Platform also offers seamless integration with various popular social media platforms like Whatsapp, Facebook, LINE, Instagram, Wechat and Twitter to cater to its diverse User base.

Categories

From its base categories offering Fashion and Home Improvement DIY products, bizskit.com.my now offers Pre Loved, Property, Automotive and a wide range of Electronics and Hobby products on its platform.

In keeping with the aspirations of its founding partners, the platform has also introduced the Made In Malaysia category to provide another platform for Malaysian producers, farmers, fishermen and entrepreneurs to embrace the digital economy easily. With the Company’s vision to be one of the larger player in the region, this will certainly go a long way to help Malaysian producers open wider markets for their products.

Corporate Social Responsibility (CSR) activities have never been far from the minds of the Company partners and they have initiated another category called Absolutely Free on its platform. This section allows for organisations, orphanages, animal shelters or the like to list for free so that philantrophists can reach out to those in need easily. When funds are running low for these organisations, the Company will do its part to make a shout out to its subscribed Users database through email, thus enabling donations to be made directly from well wishers to the organisations.

Medium Term Plans

Moving forward, the Company is looking to provide its services within the region in the medium term, primarily to collaborate with its ASEAN partners thus enlarging the potential consumer base to more than 600 Million ASEAN citizenry commanding at least USD 9 trillion GDP.

In one of its briefings, a particular partner emphasized that the ASEAN region still holds vast potential especially with large middle income base in Indonesia, emerging economies of Vietnam, Cambodia and Laos and importantly, the large numbers of young consumers who are digital savvy in these countries.

It believes that it has the right product in place, at the right time and importantly, it has sound knowledge and understanding of the markets involved including the local cultures and language. Penetration of these markets remains to be realized but looking at the background of the Company, its ability to embrace and target multi-racial and diverse Malaysian consumers, it is certainly well positioned to win over the hundreds of different sub cultures and nationalities of the ASEAN region.

Some of these countries are voracious consumers of Fashion, Beauty, Home Improvement DIY and Automotive products- thus the optimism of the Company.

Medium term plans also includes utilizing more digital tools and solutions to offer greater cutting edge experiences for its Users and consumers.

Ownership and Management Structure

At the time of writing, there has been no change in partnership and equity structure. Management duties and responsibilities are regularly reviewed and every personnel takes ownership but shares responsibility among themselves to push the Company, its products and services to constantly breach weekly and monthly targets.