We live in an era of revolutionary technological developments where businesses have been forced to employ IT management to smoothen daily operations. Companies have been able to connect with their customers effortlessly, and It has become almost impossible for businesses to do effective marketing of their products without the use of such technologies. Workplace adoption of such online services has accelerated in recent years. Due to the obvious abundant benefits of online connections, the tendency of companies to run online services are at an all-time high. BazaarFactory is a company that gives wings to such aspirations. Started by Mr Chandra Thakur on Feb. 23 of 2018, it empowers businesses to initiate their e-commerce journey in a systematic and fruitful way.
Curious what BazaarFactory is?
When we often visit malls for shopping, we can easily distinguish the varied stores from each other due to their design aesthetics as well as the products exhibited inside. Similarly, as the founder and CEO, Mr Chandra Mohan Thakur states, “BazaarFactory tries to emulate the physicality of the malls in the real world with its 3-dimensional interface. It aims to provide information about the products of distinct businesses virtually, along with each store’s shop number”. BazaarFactory is a full e-commerce package platform with paid services on every aspect that business requires to regulate electronically.
He further adds, “One can create a virtual mall if it holds a network of more than 10 stores. Whilst, it’s not necessary for every store to opt-in for the virtual mall instead create an online store on our platform.”
BazaarFactory focuses on making the e-commerce experience better for everyone. With facilities of sending detailed sales reports, ROBUST security and support, identifying customer choices and SMS notification services, Thakur states that his business has a durable future in light of the system of an indispensable set of services that it provides to the client companies.
“We want people to understand how the e-commerce journey can be effective for their organisation. They can easily own space in BazaarFactory without being concerned with its maintenance, security or location”, Thakur expresses.
Hardship behind the initiation
With a decade long involvement and enthusiasm in the IT sector, Thakur realized the potential of the IT market after being frequently requested by his peers to make e-commerce platforms for their businesses. “Initially, the market was just not there. I had to contend with charging only for the online storage cost for my friends”, He shares.
“The process of setting up an unconventional idea into action is seldom easy”, confessed Thakur. The high volume of spams on the website was a source of headaches for the company but the operational pains didn’t defeat his spirits. On the contrary, it helped him to continuously upgrade his approach and come up with the best version of the product. Solving problems particular to individual companies especially proved to be difficult as collecting data from entrepreneurs was mired with uncertainty, unwillingness and inaccuracies.
“According to the Nepal government, one must have a PAN number to run a business legally but as many online shops are not registered, being accustomed to their strategies thus made it difficult to shift into our platform”, explained Thakur.
The next step
“The first Birgunj Virtual mall will be launched very soon”, Thakur said excitedly. He added BazaarFactory could not move along with the plan of marketing due to the Coronavirus situation. However, after the pandemic curbs, the company plans to organise a seminar about boosting one’s business via e-commerce, “because people have not yet understood the real importance of the digital platform” he noted. Thakur shared his plans on launching a Facebook campaign ongoing digital.
He is planning on communicating with every individual shop owner to convince how BazaarFactory can be beneficial for their business. “Amid all the chaos we are struggling in our current phase, however, I can foresee drastic progress in e-commerce in a couple of years, and it will pave the way for the expansion our company.” expressed Thakur.
Pearls of wisdom from the CEO
“You must be willing to face the complications if you aspire to succeed. Passion must push you forward. While Nepal is flooded with startups, only 5 to 10 per cent of them thrive. The open secret to survival is in discovering unique solutions to prevailing problems.”. According to Thakur, the constant growth of any business is the result of three factors: Market Research, Customer Satisfaction and Entrepreneurial Confidence.
Visit https://bazaarfactory.com/ to find out more.