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COVID-19: Top Tips for Ecommerce Shopping and Feeds

PayTabs
Mohab Covid19 Resources 0

COVID-19-Top-Tips-for-Ecommerce-Shopping-and-Feeds

The onslaught of COVID 19 has changed the shopping landscape dramatically. Its impact on e-commerce and online shopping has also been intense. However, it is important that businesses understand the overall effect and devise appropriate strategies to deal with the situation. To make sure that your business is in a position to provide the best possible services during this difficult time, there are certain guidelines you can follow. These pointers will also help you in maintaining the liquidity and profitability of your business.

  • Figure out the impact: In order to design an appropriate strategy, it is important to figure out the areas which are going to be impacted by the pandemic. Further, it is also important to quantify the impact, so that you are fully aware of the changes. Depending on the type of your business, you may experience a drop in your website traffic. However, you should endeavor to measure the drop exactly, or at least have an approximate idea. Once these areas have been identified, the next step is to take mitigating actions to minimize the negative impact. This step will also allow you to identify your critical resources and ensure their proper utilization.
  • Streamline your costs: The pandemic has stalled the pace of growth for the e-commerce landscape, and is likely to have a negative impact on revenue and profit margins. During such times, it is important that you cut down your costs to preserve your financial resources. This is also the best time to evaluate your plans such as marketing budgets etc. You may decide to suspend some of the activities until things get back to normal. In other cases, you may find some expenses to be completely superfluous, and decide to eliminate them completely. You may also want to automate various operations, leading to more efficiency and reduction in cost.
  • Manage your resources: Apart from planning your expenses, you should plan about your resources as well. Identify the assets which are most resource-incentive. For example, maintaining an inventory calls for substantial investment, and therefore, you may want to carry out ABC analysis of the items lying with you. With this analysis, you can identify the items which are most critical for your business. You may want to reduce your investment in non-critical items while focusing on the important ones. Similarly, you may want to renegotiate the terms and conditions with your debtors, so as to speed up the cash flow and boost your liquidity. You may also carry out a similar process with your creditors to renegotiate your contract.
  • Focus on revenue: The long lockdown is indeed going to have a negative impact on the revenues of most businesses. However, such a negative effect is not going to be equal for all. In fact, for some businesses, this calamity may lead to higher revenues. In this scenario, you may want to figure out alternative revenue streams for your business. You may want to expand your business into health-related areas, and by doing this, you will not only be able to seek new revenue streams, but also provide essential services to the society. For example, you may add items such as face masks, gloves etc. to your inventory.
  • Implement and track metrics: You can use this slack time to try out various marketing and analytics strategies. You can implement new metrics which may help you in tracking your business activities in an efficient manner. Most of these metrics are real time and may help you in taking timely and prompt decisions. The metrics regarding site visit and sales value are especially helpful. Additionally, you may also want to keep an eye on the competition to see how they are faring in this environment. Some of the most prominent metrics you need to look out for are Benchmark CPC and Benchmark CTR. Another important area for analysis is the price competitiveness, where metrics such as benchmark product price difference may be used.

COVID 19 has presented e-commerce businesses with an unprecedented situation. While the environment is unpredictable, you can successfully navigate through this situation with the appropriate tools and intensive planning. So, try and use this downtime for planning your future course of action.

5 years ago
PayTabs
Mohab Partners & Partnerships 0

PayTabs-Collaborates-with-Zbooni-to-facilitate-micro-payments

PayTabs is enhancing its portfolio of solutions to provide more relevant and sustainable services to clients during these exceptional times. The company’s collaboration with Zbooni will now allow PayTabs to offer micro payment solutions to small businesses units that traditionally operate without online presence. Through this tie up, PayTabs seeks to provide entrepreneurs and home based businesses such as bakers, designers, consultants, tailors, craftsmen and women the ability to carry out their business operations in safe manner by continuing to sell on social media platforms and then receiving payments seamlessly and conveniently.

In support of small businesses and in line with the Kingdom of Saudi Arabia’s leadership initiatives during this unique situation, PayTabs is also offering those who sign up for the service zero set up fees or transaction fees until 15 June 2020. This is with the objective of protecting people and reducing the burden on families by empowering SMB’s to  setup their accounts within hours on the Zbooni platform and sell their products through any social media channel.

Let’s have a look at this tie up to see how these new services can help you manage your business in the current scenario. This service is mainly targeted on the businesses offering services such as baking, designing, tailoring, art & fitness, consultation and e-tailing home-made crafts.

What Does Zbooni Do?

Zbooni is a micro payment platform which also offers several user-friendly features for aiding offline as well as online businesses. One of the most prominent USPs of Zbooni is its mobile invoicing service. With the help of its dedicated app, any business can start accepting card payments, including debit cards and credit cards. Its holistic portfolio of services lets you create your online store in a matter of an hour. However, Zbooni goes even further as you do not necessarily need to have online presence to start using its services. Its features are highly applicable to offline businesses as well.

One Stop App: Zbooni offers you a centralized interface to manage your business’s cash flow in an intuitive and efficient manner. Its app is mainly designed to let the businesses accept payments from anywhere. You can manage your cash inflow by generating invoices and sending them through a wide range of channels including WhatsApp and other messaging services. Subsequently, your clients also get the pick of the payment options. They can clear their bills through any major card or even by using Mada. Zbooni lets you collect your dues fast and efficiently.

Easy Sign Up & Documentation Process: Customers in the Kingdom of Saudi Arabia can easily set up a Zbooni account by signing up at PayTabs.com/sign_up_zbooni and submitting a couple of documents. The documents required while signing up are as follows:

  • Two Personal IDs (Passport & Local ID) of the authorized signatory of the merchant
  • Personal IDs of Partner/ Shareholder/ Ultimate Beneficiary holding over 10% of the shares in the company
  • Business/ Trade License issued by government or Freelancing Official License (for KSA merchants) matching website business activity.
  • Last 3 months bank statements or a bank letter in case the account is new. Bank account should be under the company name
  • Proof of address (rent contract, electricity bill, mobile bill, bank statement, Wasel etc.)
  • Memorandum of Association/ Shareholder Registry

Mobile Payments: with the massive increase in mobile technology, it is important that your business possesses the ability to process mobile payments. Zbooni is optimally designed to do just that for your business. Clients are not even required to have Zbooni app installed on their phones to make the payments. can simply send them a link through a browser which they can click to complete the payment process. The money is then deposited in your wallet and is transferred to your bank account and PayTabs will now facilitate the process.

Intuitive Operations: Zbooni has made it a lot easier for you to process your payments. The process followed by Zbooni is highly intuitive and convenient to follow. The process starts with creating an account using the app. After this, the business is required to create an order and generate an invoice. Afterward, you simply have to send the link to your clients. Once they confirm the order they are guided through the payment process. Zbooni ensures that the entire process is quick and easy both for you and your clients.

Flat Fee Structure: With Zboomi you do not need to worry about complex fee structures. Zboomi charges a flat fee, which makes it easier for you to keep track of your expenses. Unlike staggered fee structure where your payments pile up with increase in your volume, the expenses ratio remains flat with Zboomi option. The amount is automatically deducted from successful transactions, offering you convenience. There are no hidden costs, no maintenance fee and no set up costs. Its flat structure and simplified process allows all kinds of business including the small ones to use this service. Now, you do not need to use your precious resources for unnecessary paper work.

And now you can avail one-time special offer for small businesses in the Kingdom of Saudi Arabia. In order to help businesses in this difficult time, PayTabs has designed a special pricing plan, which is valid until June 15th, 2020. Under this plan, the eligible businesses are not required to pay any transaction fees, set up fees or monthly fees. Further, the businesses are also exempted from any minimum volume requirement. This special offer is only available to new Zbooni customers and existing PayTabs customers in KSA.

5 years ago
PayTabs
Mohab Growth Hacks 0

Helpful-Tips-to-Manage a-Remote-Team

Telecommuting has been gaining ground for quite some time and has become especially relevant during the present crisis. It has been estimated that nearly 50 percent of professionals are involved in telecommuting at one point of time or another. The concept of telecommuting is not only appealing to employees but also to managers. However, despite its obvious benefits, there are certain challenges associated with the concept. Here are some tips for you to handle your telecommuting team efficiently and get the best results.

Set the agenda

In order to have a successful remote team, it is important that the main purpose and goals are clear to every person in the team. As a manager, you should ensure that the goals are set in concrete terms and are clearly communicated. It is also imperative that the main or common goals are further subdivided into individual goals, so that every person in the team knows what his or her Key Result Areas are. Since remote teams do not congregate physically, the progress towards achievement of goals should be constantly measured. This can be done with the help of several online and collaborative tools. Setting up enforceable deadlines is also important to keep the entire team in line.

Regular engagements

Since remote working is still not a widely popular concept, it is necessary that the team imbibes feelings of belongingness and cohesiveness. In order to foster these traits, you should keep the team engaged. This can be done by carrying out regular meetings. Nowadays, there are several tools available for this purpose. Virtual meeting software such as Skype and Zoom can come to your rescue. Depending on the bandwidth and your requirements, you can schedule voice-based meetings or video meetings. It is advisable to plan some sort of communication every day to ensure that the entire team is working towards the same goal.

Instill team spirit and trust

The success of a remote team largely depends on the collaborative spirit and individual responsibility of the team members. In the telecommuting mode, it is difficult to constantly supervise your team. Therefore, in order to get the best possible performance, you should instill the concepts of individual responsibility and accountability. While group meetings are important for fostering team spirit, you should also conduct regular one-on-one meetings with your team members to provide them with proper guidance and feedback. Such regular interaction can be helpful for the appraisal process and for designing work processes.

Use the right tools

Telecommuting is on the rise, and so, there are newer tools coming up every day, to help you manage your remote team in a more efficient manner. While emails are good for keeping track and for regular communication, the constant back and forth mailing can become tedious after some time. It is therefore more advisable to use dedicated tools such as project trackers and meeting recording software. Project management tools such as Trello, Asana and Airtable are highly recommended in this regard. These software solutions can help you in aligning your entire team in terms of deadlines, accountability and expectations. You can also use these tools for commenting on the performance of your teammates and for reassigning tasks.

Provide proper feedback

In a remote setup, it is vital that you keep the team spirit up by keeping the communication channels open. The proper exchange of feedback is also important, along with a support system. Once you provide comments on your employees’ work, follow it up with helpful tips and guidance. With proper communication, you can ensure that the individual goals of your team members are in sync with your team goals. The process of evaluation can be further enhanced by setting up a proper communication strategy. You can schedule formal check-ins in advance to meet the requirements of your team members.

Final word

Remote working is the new normal now, and is set to become even more popular in the future. With the help of the above tips, you can ensure that your team is able to offer their best even from afar. The use of the latest technology and tools can help all of you accomplish goals in an efficient manner.

5 years ago
PayTabs
Mohab Covid19 Resources 0

5-Ways-Businesses-Can-Help-Their-Communities-during-COVID-19-Pandemic

It doesn’t come as a surprise that the COVID 19 pandemic has led to widespread panic and despair all over the world. After all, no one was prepared for a crisis of this magnitude. Currently, people are restricted in terms of movements and their access to the outside world, which is causing various physical and mental health issues. Since normal working conditions are suffering, businesses need to take certain smart steps to promote the wellbeing of their communities. Whether you are running a small business or a have a multinational empire, you can make your contribution towards maintaining normalcy by following a few simple tips.

Ensure the welfare of your team

Every business has an obligation to take proper care of its workforce. During the current pandemic, many businesses have taken several steps to ensure that their employees stay safe. Businesses have taken their operations online, which not only helps their workforce but also their customers. This way, they are able to provide essential services to their clients and keep their employees safe at the same time. Even those businesses that cannot let their workers telecommute can ensure their welfare by providing protective equipment like face masks and sanitizers. Many businesses have decided to provide their employees with extra wages too.

Re-purposing the facilities

Since most businesses are closed for regular operations, they can contribute to their communities by donating their idle spaces. For instance, in many areas, empty hotels and hostels have been converted into makeshift shelters for vulnerable people. Such re-purposing helps in ensuring that limited resources don’t get exhausted by the increasing number of patients. Many factories have donated their facilities for manufacturing of essential items such as hand sanitizers and face masks. Many tech companies are also collaborating for tracking the spread of the virus and for keeping people safe. Overall, all businesses are doing their bit by ensuring the efficient utilization of the resources at their disposal.

Organize fundraisers or voluntary activities

Many businesses have extensive networks that can be utilized intelligently during the time of a crisis. Organizing various charity activities, such as fundraising or offering resources for community use can help, for example. Such activities can be undertaken by businesses operating at any level. Even the smallest of businesses can contribute by organizing such events in their localities. Creative approaches can also be taken in this regard. Like, many organizations are using their resources to send digital messages to people who are in need and in isolation.

Help your business partners

No business can thrive in isolation. This is the reason why, during a pandemic, it is imperative to ensure the welfare of your business partners. This is especially true if you outsource several of your business functions. So, you should ensure that you have made the necessary payments that are due to your partners. If your business has suffered heavy losses, instead of defaulting on your due payments, try to work out an equitable solution with your business partners. It is important that you maintain proper work relationships with collaborators, so that nobody has to bear a disproportionate financial burden. Businesses can ensure their long-term survival by providing support to their partners.

Stay in touch with your community

COVID 19 may have resulted in social distancing, but it does not mean that you cannot remain in touch with your surroundings. With the help of modern technological tools, you can ensure that you are aware of your local environment. Apart from supporting the general public, you can also check in on your employees and your business associates. Many businesses have also started community groups where they can pool their resources for the benefit of their local societies. Such community spirit is necessary for sailing through these tough times. You can also organize virtual events to boost the team spirit and morals in your surroundings.

To conclude

COVID 19 has presented our society with an unprecedented situation. However, it has also highlighted the importance of working together for attaining collaborative goals. It has provided businesses with an opportunity to set an example and ensure the welfare of their local economy. And by following the above tips, you can achieve that easily.

5 years ago
PayTabs collaborates with MBME Pay to launches Govera – an all in one bill payment App
Mohab Partners & Partnerships 0

PayTabs collaborates with MBME Pay to launches Govera – an all in one bill payment App

In a bid to offer customers best in class solutions, PayTabs has collaborated with MBME PAY to launch a new bill payment application branded ‘Govera’. MBME Pay is a leading government and payment service platform in UAE. The state-of-the-art app will allow users to pay their utility bills as well as make other payments right from their smart phones and tabs. The app is intuitive, fast and convenient to use, making it popular among customers of all ages and skill levels.

Get Started

The Govera app is available for both major mobile Oss, Android and iOS and thus is designed to serve a large demographic. Once you download the app to your phone or tablet, you will need to get registered to utilize the services. The process of registration is very simple and requires minimal documentation so that you can use the app at the earliest.

Govera is a highly perceptive app and offers simple onscreen instructions to guide the users in the registration process. You only require a few documents for registering yourself with the app. These documents are an operational UAE mobile connection, a mobile phone, and a valid Emirates ID. After registering yourself, all you need to do is top up the wallet and you can start paying money and meeting your bills online.

Pay everything with Govera

With a few simple taps and clicks, the all-in-one bill payment application will let subscribers pay everything from utility and telecom bills to Salik toll fares and even request iTunes vouchers! The Govera app which is all-encompassing aims to add convenience to millions of subscribers and reduce the time they spend queuing at tellers, at kiosks, online on different bill payment websites or using multiple bill payment applications. The billers range from those in travel and telecom to government services and many more.

Value Added Services

Govera also offers a host of other services. This smart app is integrated with various government functionalities, making your life easier. You can enquire about your bills and clear them online, saving you time, money and effort. Further, you can top up biller accounts so that you can keep receiving uninterrupted services. The app allows you to use different types of debit and credit cards to better manage your financial transactions. You can also store the data regarding your cards so you can make the payments in a faster manner, without needing to add the details over and over again.

Other value-added services provided by Govera include the ability to create ‘Favorites’ list of billers so that you can clear their bills with ultra fast speed. In order to distinguish between different billers, you can also give nicknames to the service providers. The app is highly user friendly as it offers graphical depiction of the bills paid so that the users can exercise higher control over their spending. You can also improve your financial acumen by accessing your payment history.

The Govera app is expected to change the way people pay bills and carry out their other financial transactions. The app comes with state-of-the-art technology to make these transactions safe.

5 years ago