Showing posts with label mydeal. Show all posts
Showing posts with label mydeal. Show all posts

MyDeal hits RM 2 mil revenue / month

Here's a press release from MyDEAL, key figures highlighted in yellow.

MyDEAL.com.my retains its number 1 spot as one of the most visited websites

After only one year of its inception, MyDEAL Sdn Bhd is proud to announce that it still reigns as the number one online group buying company in Malaysia. According to an internet research website, Alexa.com, MyDEAL has joined in the top 60 websites with most traffic in Malaysia, and emerged as the most visited website compared to other online group buying companies in the country.

Its co-founder and Chief Executive Officer, Jan Croeni started this e-commerce company with 5 staff in early 2010, and now it’s almost 100 strong. MyDEAL has also recorded another milestone by generating almost RM 2mil in revenue/ month, a formidable feat for any medium-sized Malaysian e-commerce company.

Group Buying aka Groupon Clones in Malaysia

Visit my new blog for more updates & insights on e-commerce in Malaysia: ecommerce.milo

Well, China has 100+ Groupon clones (updates: 4500+ now!) and Malaysia is picking up as well on its own scale.

Group buying sites are popping out lately in Malaysia. It's a bit of deja-vu like many were attempting to build a local social network site some years back.

The barrier of entry though is relatively lower to build a group buying site, technically. If you are too lazy, just buy a groupon clone script from here or here.

It's the business itself that's far more challenging - signing up quality retailers who offer irresistible deals, and basically bridging the gap between (offline) retailers and online consumers.

Before losing count, here's a compilation of group buying sites in Malaysia. Do leave a comment if any is missing, so that I can append to this list. Thanks!

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