KUALA LUMPUR – The current scenario of the global market recession and the economy slowing down, including in Malaysia, requires for there to be more aids and initiatives offered to SMEs in order for them to recover their businesses and help stimulate the local economy post-COVID-19 pandemic.
900,000 SME establishments contributed to 37% of the GDP in Malaysia in 2020, however, the struggle of SMEs during the recurrent MCOs has caused many to cease operation which resulted in high numbers of retrenchment and gravely affected the unemployment level in the country. This shows how SMEs as a whole is an important contributor to the growth and development of the national economy. Hence, accelerating SMEs’ business recovery and performance is a crucial and essential matter.
In order to help SMEs and other businesses to sail through the challenging economic climate during the COVID-19 pandemic, Money Compass Media, MyLIFE Association, uLearnMONEY, Max Capital Management, and a group of digital marketing experts from the SME e-Fair group have created an innovative and efficient e-commerce platform, the Stock Clearance e-Fair.
“If business owners are worried about excessive inventories during the MCO, if they have trouble finding the right online marketing solutions or would like to promote and sell products through cash zero investment then this is why we’re here to help. We can help create value for your unsold goods,” explained Ms Amy Seok, CEO of Money Compass Media.
The Stock Clearance e-Fair will run from February 2 to February 10 on the official platform website at stockclearance.com.my.
The mechanism of the Stock Clearance e-Fair are as below:
1. STOCKCLEARANCE.COM.MY PLATFORM (B2B) – An innovative platform that implements barter economy and stock point system to stimulate the supply and demand within the B2B community.
2. STOCK_CLEARANCE_2021 @ SHOPEE (B2C) – Our digital marketing fees will be 30% of the stock point of each customer and we will be promoting customers’ brands and products by utilising the drop shipping concept at Shopee, Lazada, and other major online marketplaces.
3. STOCK CLEARANCE FACEBOOK LIVE (B2C) – The digital marketers also using Facebook influencers and digital promoters to promote the products at Facebook with a 168-hour Marathon Campaign in 7 days, and your products will be given substantial exposure by our Facebook influencers and promoters.
“We will help SMEs and entrepreneurs sell their products not only on our Stock Clearance e-Fair platform but also on Shopee, Lazada, and a 168-hour broadcast marathon via Facebook Live,” Ms Seok said.
In order to help SME and business owners understand better on the concept and offers of the programme, briefing sessions are held from January 19 to February 7, 2021 at 4pm daily via the link http://bit.ly/3qo6QQq.
For businesses that are interested to participate, please call 012-3005633.