The recent rate of economic growth in Africa and the rising population in youth have contributed to the reason why more and more entrepreneurs are looking for potential business opportunities. A typical strategy is to introduce a new company by creating a foreign business model on the continent. But for start-up ecommerce, it's not that easy. This is the result of some of the key challenges facing online buying and selling in Africa. The reality of internet business in Africa deviates from what can be obtained in western words.
Key Issues Facing Seller / Business Owners in Africa: Managing costs and advertising - Building an e-commerce business system is a pretty sophisticated problem. Companies need to spend a lot of resources to create teams and distribution channels. In addition, one must know how to promote a product based on the trends and specificities of a particular market.
Distrust of online shopping - Most rich Africans have not yet accepted the idea of online shopping, this is as a result of online fraud. There are many issues about online shopping in recent years and many people are becoming more skeptical about degrading online sellers simply because they are afraid of losing their money without getting what they pay for. This greatly contributes to the reason why e-commerce especially in Africa is gradually diminishing
Fragmented markets - Africa has a diverse population with different cultures, politics and economies. As a result, state-specific eCommerce companies have been open. Across Africa, there are duplicate resources that negatively affect the economy. Making cross-border payments, dealing with tariffs and taxes, and meeting country-specific legal requirements make it difficult for countries to operate within the region, outside their own country;
People prefer to pay with cash - Africans are accustomed to using cash. It's more intimate and real than digital payments, which are fairly new on the scene. However, CoD (cash-ondelivery) in eCommerce is more expensive and involves a high level of risk. The shipping driver is responsible for the company's money, and more vulnerable to being the victim of theft. CoD also makes it easy for customers to refuse shipping and refuse to pay, place shipping charges and return merchandise at merchants, without any profit.
Shipping logistics - In some ways, Africa's transport and delivery systems are not equipped to cope with the rapidly expanding eCommerce industry. Many African roads are not asphalted, and terrain is often difficult to travel. This has created barriers for eCommerce merchants looking for viable shipping options. Lack of understanding of e-commerce platforms - On average Africans can not shop comfortably on top ecommerce sites like Amazon, Alibaba, Jumia and Konga due to the complex user interface.
Zcnox is a blockchain-powered open market designed specifically for the African continent. Basically, the project aims to integrate the advanced features of distributed ledger technologies such as smart contracts, digital currencies and conservation into the online business landscape. Ultimately, Znnox intends to simplify the process of setting up e-commerce stores, while increasing the profit margins of established companies.
Zcnox blockchain-based platform will stop all of the above problems hampering e-commerce growth in Africa. Unlike the existing online business creation module, which requires programming knowledge, Zcnox can be used by the layman in a very short period of 10 minutes.
Key features of the Zcnox ecosystem include; Affordability - Zcnox offers a cheaper alternative for sellers who want to create an online store; Integrated Inventory - sellers can track their stock levels using this feature; Free Marketing Tools - free advertising on the Zcnox platform; Larger viewers - using the Znnox system, businesses expand the scope of operations.
Here's why Sellers Need Zcnox are: Easy and Affordable Integration - Sellers can create their own standalone ecommerce site within 30 minutes with no low cost codding experience; Inbuilt Inventory Management System - Sellers can easily track all products in stock and also manage daily transactions.
Free Marketing Tools - Sellers can register their top products in the Zcnox Marketplace and get people to buy their products. No spending on paid advertising; Get Potential Buyers across Africa - Buyers do not have to wait until product shipments before making payments for items purchased in Znox. But the seller accepts payment only after the product has been shipped to the buyer.
Here's why Buyers Need Zcnox include: Buy From International Market - You can order products from any part of Africa and pay with ZNC Token or your local currency; Buy From Verified Seller - All sellers on the Zcnox Platform must bypass the KYC verification process. This will prevent fraud and fraud
Highly Effective Delivery System - With our delievry system, you get your product delivered to your doorstep without delay. You can cancel your order and get full payment if the product is not shipped or postponed; 100% Buyer Protection - We ensure buyers get the exact product they pay. Full payment refund if the seller fails to deliver the right product,
Zcnox is a marketplace platform designed to allow anyone to create an online store that will take advantage of the most advanced technology in ecommerce, including the option to pay for items with crypto currency and the ZNC token.
Zcnox's mission is to connect manufacturers across Africa and to supply businesses with the tools necessary to launch one of the same merchandise into the global market with minimal transaction costs and no financial intermediaries, bureaucratic intermediaries or irritating routines. We will bring producers together from across Africa to create our eco-economical system that will bring e-commerce to a new level.
Zcnox strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
Zcnox has been designed and created by a team of highly experienced technology experts. Team members bring together expertise that gives them an in-depth understanding of the challenges many crypto companies face including legal, regulatory and compliance issues.
So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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