Today, there are a plethora of platforms that claim to open up an online store and help small and medium businesses conduct business. Only a few do the job of connecting with direct suppliers and buyers. Here is where X-Brands an online eCommerce store is different. At a time where going online is inevitable, GlobifyX is paving the way to a better business experience through it’s well thought after business growth platform.
In India, micro, small and medium-sized businesses are just like its population, second only to China. In the year 2019, there were more than 63 million MSMEs in India alone. Most were micro-enterprises, conducting business in a rural outset rather than urban environments.
In terms of their contribution to the market and the development of jobs in the region, MSMEs are crucial for the economy. The production volume of MSMEs during the fiscal year 2015 was nearly 30 trillion Indian rupees. In the same financial year, the production from these firms has contributed almost 31% to GDP.
GlobifyX social media for business platform aims to bring these MSME’s online and allow them to offer their products and services to a more targeted audience.
In an exclusive interview, a top-level manager from the GlobifyX team said, “It is time to convert their “brick-and-mortar” business model into “brick-and-click.” Referring to the micro and small businesses. He added, “MSME’S produce more than 6000 types of products and they have no way to sell these to direct customers or buyers. GlobifyX will be a unicorn in this industry, as its latest offering by the name of X-Brands will allow businesses to create a personalized brand store without the hassle of complicated listings and online selling processes. It will be fairly easy to sell to business as well as individual customers”.
To regain hold of the economy it is vital that these MSMEs use platforms like GlobifyX to grow and prosper.
X-Brands is a free to use online store operating under a blanket Business Social Media platform called GlobifyX. Businesses can create an online brand store; highlight their brand story and products. Individuals and businesses can buy these products directly from the brand itself.