The residents of Dubai are quickly embracing the internet to buy products and services, which is good news for online entrepreneurs. The city has a modern infrastructure, and the residents have high disposable incomes, making it a perfect environment for those who want to establish an online business.
Important Facts That You Need To Know
If you are thinking of starting your own online business in Dubai, here is what you need to know.
1. There is a growing number of internet users in Dubai
According to the latest statistics published by the Dubai Statistics Center, the number of internet users in the city has been steadily increasing over the past few years. In 2018, there were around 4.5 million internet users in Dubai, which is a significant increase from the 3.6 million users in 2015.
2. The e-commerce market is growing rapidly
There are over 2 million internet users in Dubai, which represents a penetration rate of over 80%. This is a significant increase from the 1.5 million users in 2015. The trend is only expected to grow in the coming years.
3. There is a growing number of mobile users
There are over 4 million mobile phone users in Dubai, which represents a penetration rate of over 90%. This is a significant increase from the 3.5 million users in 2015. The trend is only expected to grow in the coming years.
4. The residents of Dubai have high disposable incomes
The average household income in Dubai is around AED 27,000 per month. This is significantly higher than the average household income in other countries in the region.
5. The city has a modern infrastructure
Dubai has a modern infrastructure that is conducive to businesses operating online. The city has a well-developed telecommunications infrastructure and is home to a number of major internet service providers.
6. The city has a business-friendly environment
Dubai is a very business-friendly environment and offers a number of incentives for businesses operating in the city. These include tax breaks, easy access to financing, and a large pool of skilled labor.
The Process of Getting An E-Commerce License in Dubai
If you want to set up an online business in Dubai, you will need to obtain an e-commerce license from the Department of Economic Development (DED). The process of getting an e-commerce license is relatively simple and can be done online.
The first step is to submit an application form through the DED website. Once your application has been approved, you will need to pay the license fee and submit the required documents.
After your application has been reviewed and approved, you will be issued an e-commerce license. This process usually takes around two weeks.
Once you have obtained your e-commerce license, you will need to register your business with the Chamber of Commerce.
The Process of Setting Up Your Online Store
After you have obtained your license and registered your business, you will need to set up your online store. The first step is to choose a domain name for your store. Once you have chosen a domain name, you will need to find a web hosting provider.
There are a number of web hosting providers in Dubai, and you can choose one that offers the features and services that you need. Once you have chosen a web hosting provider, you will need to set up your online store.
You can either use an e-commerce platform such as Shopify or Magento, or you can develop your own custom website. Once you have set up your online store, you will need to add products and start marketing your business.
Important Tips To Help You Succeed in The Dubai Online Space
Just like in offline business, success in online businesses in Dubai requires careful planning and execution. Here are some tips to help you succeed in the online space:
1. Know your target market:
One of the most important things you need to do is to identify your target market. Who are you selling to? What are their needs and wants? What are their age, gender, and income level? Knowing your target market will help you create a marketing strategy that is tailored to their needs.
2. Build a strong online presence:
In today’s digital world, it is important to have a strong online presence. You need to make sure that your website is optimised for search engines and that you have a strong social media presence. You can use social media to build relationships with potential and existing customers.
3. Offer value:
Another important thing you need to do is to offer value to your customers. This means creating quality products and services that meet their needs. You also need to make sure that your prices are competitive.
4. Provide excellent customer service:
Customer service is important in any business, but it is especially important in e-commerce. This is because customers cannot physically see or touch the products they are buying. You need to make sure that you provide excellent customer service so that customers are happy with their purchases.
5. Stay up to date with the latest trends:
The e-commerce landscape is constantly changing, and it is important to stay up to date with the latest trends. You need to make sure that your website is mobile-friendly, and that you are using the latest technologies. You should also keep an eye on your competition and see what they are doing.
By following these tips, you can increase your chances of success in the online space.
Get Help From Business Startup Solutions Providers
The process of setting up a business in Dubai can be complicated, and it is important to get help from experienced professionals. Business startup solutions providers can help you with the process of setting up your business, including obtaining the necessary licenses and approvals, finding a suitable office space, and opening a bank account. They can also provide you with valuable advice and guidance on how to start and grow your business.
Starting an online business in Dubai is a great way to tap into the growing e-commerce market. The process of getting started is relatively simple, and there are a number of resources available to help you. However, it is important to remember that success in online businesses requires careful planning and execution. By following the tips above, you can increase your chances of success.