2) What is Groubuyy exactly? (Along with Groupbuyy founding history and current status)
Groupbuy/ Groupbuyy original concept is “deal of the day website” which is driven by customers collective buying power but currently we focused on business model of coupons, discounts and promotional services and products which can only be available through our website for customers happiness with trust. Offering unique discount services and products through our channel pull the collective buying power to customers in different way. It kind of win-win-win strategy not only for our Merchants ,Groupbuyy member and Groupbuyy itself.
3) How is it good for Myanmar?
Our goal will be to stimulate the economy of Myanmar with the optimal way. Groupbuyy, as a market place, is the focal point of what customer willing to pay and what merchant can finally offer, we believe that it somehow can stimulate to grow economy with the faster pace.
4) How do you see Myanmar market with e-commerce business for near future?
I am 100% positive that in a very near future, Myanmar will be the best place as a lucrative market for e-commerce business.
5) What are the challenges are you facing now for business?
We do have many thing still can’t be implemented in our current business model since our business nature and current situation in Myanmar is still in early stage regarding with e-commerce and technology. As an entrepreneur, we are more looking into what can benefit by learning that we can get from these obstacles.
6) Do government policies for entrepreneurs effect on your business?
Frankly speaking, being an entrepreneur in Myanmar in current situation is tough and that can make us failure proof in any kind of economic landscape. I must agree government policy effect in many way, not only start-up but also any other giant corporation. But I hope in near future, government policy and regulation will be more supportive to entrepreneurs.
7) What’s your market expectation and dream with Groupbuyy?
Currently, Economic city Yangon is our first target to acquire the market as much as possible within a short time and now me and team planning to expand the market to Mandalay end of December 2015 and next market acquisition will be “Nay Pyi Daw”. Our dream is to become the fastest and largest number 1 “deals of the day” site which can bring every day excitement, trust and happiness for our customers.
8) What will be a distinctive advantage of using Groupbuyy when compared to other competitor websites?
Speaking of Groupbuyy, distinctive advantage will be user friendly, quick response by means of any communication channel,up to date attractive deals,giving not only experience on buying service and products on www.groupbuyy.com.mm
but also our spiritual attachment to customers how we value them.
9) Is that a hard thing to find local talents? How do you recruit people?
Yes, it is. Well, how we recruit people in here is we look for people who has passion on what he/she is doing in organization and the one who willing to learn and open to share knowledge and experiences. Of course, we do care about their academic background but it doesn’t means anything if they don’t have passion and work ethic.
10) What could you advice local entrepreneurs who want to start online businesses?