Runaway Pte Ltd: Singapore-based Company committing to fulfil every online seller’s dream

April 17, 2012 - PRLog -- Last week, Runaway Pte Ltd started a quiet soft launch to bring on board the first batch of prospective online sellers to be Runaway Merchants. This is the beginning of an exciting phase for the ecommerce industry in Singapore, in which Runaway Pte Ltd is looking to establish herself as a change leader.

Who are Runaway Merchants?

Runaway Merchants are current or prospective online sellers who would like to increase the variety of products they carry and sell, but do not wish to take on the risk of holding on to stocks. Unlike many other online sellers, Runaway Merchants get to showcase an impressive variety of products at their own online stores and keep their circle of customers continuously engaged with new products updates without having to spend initial capital on purchasing stocks. Runaway Merchants also get to change their store strategy or product range effortlessly the moment they realize they have captured the wrong market or have not been as focused as they would like to be in their store strategies. Runaway Merchants earn through sales commissions.

How Does It Work?

Runaway Pte Ltd will collaborate with distributors/suppliers/importers to be Runaway Distributors. Runaway Distributors enjoy free marketing and social media publicity of their products and brands through the Runaway Merchants. They also get to clear their stocks faster with a network of Runaway Merchants pushing for sales of their products. Runaway Distributors will work on a dropshipping concept – orders are sent in from Runaway Merchants through Runaway Pte Ltd to Runaway Distributors together with payment (Agreed selling price less agreed commission), and Runaway Distributors will deliver the products directly to customers. The role of Runaway Pte Ltd, then, would be to ensure smooth operational flow as well as providing after sales service for customers. Runaway Pte Ltd would also be protecting both Merchants and Distributors against possible fraud cases.

Benefits for Singapore’s Ecommerce Industry -

This concept is believed to be an effective solution to the Singapore ecommerce industry in the sense that it enables all players to reap the most benefit out of their ecommerce business by streamlining efforts. Runaway Distributors may save cost and effort on marketing, and be more focused on bringing in great products for Singapore consumers; while Runaway Merchants may minimize sunk cost from bringing in inferior supplies; and focus their efforts on marketing the products they carry.With cost and effort streamlined at both ends, the ecommerce industry becomes more effective as a whole, and generally much more structured. Consumers will also be exposed to interesting and innovative products that could not have been exposed to them due to high marketing costs.

Inviting Runaway Merchants and Runaway Distributors -

Runaway Pte Ltd is inviting online sellers to sign up as Runaway Merchants, with a membership fee of S$500, 90% refundable after a year of trying. Find more details here: http://runawaysg.com/

For those interested to be Runaway Distributors, please view details here: http://runawaysg.com/partner-with-us/be-a-runaway-distrib...

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