Malaysian businesses will be able to reach 179 million active buyers worldwide by listing their products on eBay’s global marketplace. eBay Southeast Asia seller growth head Wong Mei Inn said Malaysia’s cross-border trade exports are still at a relatively nascent stage and there is a huge opportunity for more small businesses to join the ranks of eBay sellers.
“We have launched the six-month ‘Let’s eBay Academy Programme’, which is designed to incubate the new sellers by sharing insights and hand-holding them, so they can successfully trade and sell to the global market,” she said in a statement today.
Let’s eBay Academy Programme is a training workshop co-organised by eBay, Malaysia External Trade Development Corporation (Matrade) and Malaysia Digital Economy Corporation (MDEC) that aims to help aspiring entrepreneurs kickstart their e-commerce business and connect with the global marketplace of active buyers.
Matrade chief executive officer Datuk Wan Latiff Wan Musa said under the Digital Malaysia Initiative, e-commerce has been recognised as one of the key enablers to accelerate revenue growth for the Malaysian economy. “We would like to encourage more Malaysian small and medium enterprises, especially the younger generation, to explore international markets with one of the global pioneers in e-commerce, eBay,” he said.
Meanwhile, MDEC director of e-commerce, Song Hock Koon, said Malaysia, as a trading nation, is now moving up the value chain and trading in ideas, innovation, as well as new technologies in a spirit of collaboration to build the country’s future.
The “Let’s eBay” training workshop is the first in a series initiated to deliver training to small businesses and entrepreneurs seeking new global sales channels in the fast-growing eCommerce sector. A combination of a strengthening local manufacturing sector and favourable exchange rates has enabled strong growth in eCommerce exports from Malaysia to the rest of the world. Today, a growing number of entrepreneurial Malaysians are seizing this opportunity by selling their products directly to consumers all around the world on eBay.
Approximately 98.5% of business establishments are made up of small medium enterprises (SMEs) and their contribution make up 17.3% of the country’s exports. According to the Department of Statistics Malaysia (DOSM), the digital economy in 2017 contributed 18.2% to Malaysia’s GDP, with the potential to rise to 20% of GDP by 2020.
During its launch in Kuala Lumpur today, Let’s eBay featured partners like MATRADE, MDEC, PayPal and DHL sharing examples of global opportunities for Malaysians SMEs, practical advice on getting started in the eCommerce industry, inspiring success stories as well as government infrastructure and initiatives which support entrepreneurs to grow their business.
Following Kuala Lumpur, Let’s eBay will travel to Penang and Johor in the coming months as part of extending their support for entrepreneurs. To further facilitate the growth of Malaysia SMEs, in conjunction with the Let’s eBay Global eCommerce conference, eBay today launched its 6-month ‘Let’s eBay Academy Program’ to incubate and accelerate the growth of sellers’ cross-border businesses.