DIVERSIFY YOUR BUSINESS MODEL
Create a new spin-off eCommerce Online Store Virtual Brand that synergises with your business core brand. Launch this eCommerce Online Store Virtual Brand and establish an online presence.
This eCommerce Online Store Virtual Brand will allow you to attract new customer segments that prefer to shop online. You can also use the eCommerce Online Store Virtual Brand to explore new concepts and ideas without affecting your core brand.
BUILD DIGITAL CAPABILITIES
An eCommerce Online Store Virtual Brand adds an Online-2-Offline (O2O) strategy to your business model. Access to more customers will allow you to fully utilize your excess staff capacity and add additional revenue streams.
ELIGIBLE FOR UP TO 90% GRANT SUBSIDY
Your efforts to create an eCommerce Online Store Virtual Brand will be eligible for the Enterprise Development Grant (EDG) by Enterprise Singapore. To find out more about this grant, click Here.
You can also write to us at , or reach us at +6262 6578.
Any business can create an eCommerce Online Store Virtual Brand, here are some examples, but do not let them limit your imagination.
FOOD & BEVERAGE OUTLET
A popular Noodle store that had a brick and mortar outlet decided to create an eCommerce Online Store Virtual Brand to allow customers to place their orders online for delivery.
FRUITS AND VEGETABLES SUPPLIER
A fruits and vegetable supplier used to only do business with wholesalers, but decided to create an eCommerce Online Store Virtual Brand for them to go directly to consumers.
HARDWARE B2B SUPPLIER
A hardware store used to only do business-to-business (B2B) deals, supplying to construction companies. However, now they have created an eCommerce Online Store Virtual Brand to target the business-to-consumer (B2C) sector.
A company that provided cooking classes for locals decided to create an eCommerce Online Store Virtual Brand in order to attract a different customer segment, for example, expatriates.
OUR OTHER SERVICES
- Check out our Corporate Site at https://www.ncodeconsultant.com/
- Our brand new Services Booking System for companies that want to allow their customers to book their services online.
- Singapore Enterprise Development Grant Consultancy.
- SEO Consultant for the Search Engine Optimization of your website.
YOU MAY WANT TO KNOW...
what people are asking us?
I HAVE ALREADY BUILT AN AN ECOMMERCE ONLINE STORE VIRTUAL BRAND. CAN I CLAIM THE EDG GRANT FOR IT?
You will not be able to claim for an an eCommerce Online Store Virtual Brand that you have already built. This is because the EDG only supports projects that are new and not generating any revenue at the point of grant application. A project is considered to have begun if suppliers and service providers have already signed a contract, or if any work on the project scope has begun or if payment has been received for the project.
However, if you wish to a new Productivity module for your an eCommerce Online Store Virtual Brand, it will be eligible for the EDG Grant if the new initiatives will help to increase revenue further, or make things more efficient.
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I WISH TO ENGAGE A CONSULTANT TO ADVISE ME ON AN ECOMMERCE ONLINE STORE VIRTUAL BRAND AND O2O STRATEGY. CAN I CLAIM THE EDG GRANT FOR IT?
Yes, you may. You may find out more here: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/core-capabilities/Strategic-Brand-and-Marketing-Development
Only the consultancy costs will be claimable. The implementation of the marketing and PR campaigns, such as hiring of influencer marketing, or embarking on Search Engine Optimization (SEO), are not supported.
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IF I WISH TO DEVELOP AN AN ECOMMERCE ONLINE STORE VIRTUAL BRAND TO SELL MY PRODUCTS AND SERVICES ONLINE, IS THIS SUPPORTED BY THE EDG?
Yes it is. As long as the virtual brand will help you explore new areas of growth, it will be supported. The creation of a virtual brand is a strategy to explore new areas of growth.
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ARE YOU A VIRTUAL BRANDING CONSULTANT?
Yes we are a Virtual Branding consultant, and we do more than that. We can help you to get EDG Grant funding to subsidize your branding project by up to 90%.
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ARE YOU AN EDG MARKETING CONSULTANT?
Yes we are. This means, that virtual branding projects that you embark on with us will also be eligible for up to 90% EDG Grant funding.
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ARE YOU AN ONLINE BRANDING AGENCY?
Virtual Branding basically refers to online branding. Virtual Branding is the creation of purely online brands that synergize with your main brick and mortar core brand.
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ARE SMES ELIGIBLE FOR VIRTUAL BRAND CREATION GRANTS?
Yes, all SMEs that fulfill the criteria of being SMEs in Singapore will be eligible.
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WHAT DOES O2O MEAN?
O2O refers to Online-to-offline. O2O Strategy is a business strategy that draws potential customers from online channels to make purchases in physical stores. The O2O strategy identifies customers in the online space, such as through Virtual Brands, and then uses a variety of tools and approaches to entice the customers to visit the physical store.
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WHAT IS A VIRTUAL BRAND?
A virtual brand is an online only concept which allows businesses of all sizes to create new bespoke offerings for customers using their current resources, under a new branding. This helps to optimize excess resources and cut wastage by enabling businesses to use the same resources for the offerings on the virtual brand as well.
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