E-commerce

Unlimited cashback to low FX rates: Why e-commerce owners should sign up for the Aspire card – Vulcan Post

Summary

E-commerce is a burgeoning industry. According to the recent Google-Bain-Temasek’s e-Conomy SEA report, Singapore’s internet economy is expected to grow by 35 per cent from US$11 billion in 2020 to US$15 billion this year.

As e-commerce becomes a lucrative business opportunity, it should come as no surprise that many have decided to wrestle for a slice of the pie and start their own e-commerce businesses. 

However, the life of an e-commerce entrepreneur is not easy — it …….

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E-commerce is a burgeoning industry. According to the recent Google-Bain-Temasek’s e-Conomy SEA report, Singapore’s internet economy is expected to grow by 35 per cent from US$11 billion in 2020 to US$15 billion this year.

As e-commerce becomes a lucrative business opportunity, it should come as no surprise that many have decided to wrestle for a slice of the pie and start their own e-commerce businesses. 

However, the life of an e-commerce entrepreneur is not easy — it is often characterised by irregular working hours, impending tasks, and the constant push for earnings. 

E-commerce is an extremely competitive industry,  where smaller businesses contend closely with each other, as well as with established marketplaces and their expansive product range. 

Not to mention, an e-commerce startup typically has a lean team, which means that a lot of time and energy go into administrative and financial-related tasks. 

The folks behind Aspire are entrepreneurs themselves, so they have a first-hand understanding of the personal struggles that business owners face. Andrea Baronchelli, co-founder and CEO, was the chief marketing officer at Lazada Group before starting at Aspire. 

With the rise of e-commerce businesses, the team started noticing the demand for unique business solutions.

To recognise the challenges of being an e-commerce business owner, Aspire wants to “reward” them for their efforts by launching the first-ever card designed for e-commerce businesses.

This card rewards them for their efforts through relevant savings and helps streamline processes to save time. 

Earn unlimited cashback on e-commerce business essentials

It is no surprise that thousands of e-commerce businesses have taken to using the Aspire card to manage their overall business expenses.

Unlike other startups or digital service providers, e-commerce businesses have to deal with inventory suppliers, logistics and delivery services, and e-commerce platforms.

E-commerce businesses also have to push a lot of ads on digital platforms and marketplaces to generate demand. While these are all necessary costs of running a business, Aspire hopes to ease the burden by providing unlimited cashback on these e-commerce business essentials.

Image Credit: Aspire

Aspire offers unlimited 1% cashback on qualifying e-commerce purchases. This cashback is spread across four different categories of merchants — software and services, inventory and supplies, logistics and delivery, and digital marketing. 

There is a curated list of trusted merchants such as Alibaba, Taobao, Ninja Van, SingPost, and Shopify under Aspire’s cashback program. Business owners can also submit a request if the merchant they want is not listed.

For example, it costs about S$5,000 for an advanced Shopify platform for a year. While 1% doesn’t sound like a lot, multiply that across several expenses, and they add up to a substantial amount. A little does go a long way for budding entrepreneurs, and Aspire understands that.

A simple, clear, and transparent system, Aspire’s cashback program is much preferred over a points system as the …….

Source: https://vulcanpost.com/769648/aspire-e-commerce-business-card-singapore/