Undoubtedly, today, starting an online business in Dubai has become a trend. It is also working well for many people now-a-days. The UAE’s online market is predicted to reach 17 billion dollars by 2025 and Dubai has a significant share. This blog will guide you through things you must consider before starting your online business.
What to Look for Before Starting an Online Business in Dubai?
Starting an online business in Dubai is one of the most profitable moves you can make today. Dedicated free zones like Dubai Internet City and CommerCity focus on IT start-ups and online businesses.
Mapping the essentials at the initial stage will help you channel your business activities accordingly. A few of the factors that you need to consider involve the following:
1. Understand the Business Objective
Whatever business you are planning to start with, make sure to have a clear idea regarding the services or products offered.
Make sure to consider the following points:
- What is the product/service all about?
- What problem will it solve?
- How will you brand or design your product?
- What medium of promotion will be used?
- What will be the source of finance?
- Which server and hosting will you proceed ahead with?
2. Connect the Dots
Figuring out the answers to the above questions will widely help your online business setup in Dubai. You will get a clear idea regarding the steps to be followed at a time and can create a checklist for the same.
3. Understand the Market Scenario
When it comes to setting up an online business in Dubai, the competition level goes beyond the boundaries, which turns out to be challenging.
For example, if you plan to sell a beauty product range online, you first need to figure out the competitors available in the market. Certain other aspects that are to be considered while doing competitive research involve:
- The business/trade name
- The product/service range offered
- The pricing of the products/services
- Pricing strategy, which includes offers & discounts
- The packaging of products
- Service-delivery procedure
4. Create Website & Social Media Handles
The next thing to do for your online business setup in Dubai is to have a web presence. This will allow you to display the products and services you offer.
Simultaneously, do create respective accounts in the social media handles to target the audience respectively.
5. Hands-on in Analytics
Want to start an online business in Dubai? Then get your hands on linking tools like Google Analytics or SEMrush, which helps you monitor your website on various parameters.
Information like the total number of pages visited, audience demographics, links with high and low traffic, and even the growth of competitors in the online market can be easily traced. Based on these findings, you can map your strategies accordingly.
6. Be Aware of the Tech Developments
When it comes to setting up an online business in Dubai, it is very essential for business owners to know about the technological shifts and advancements that are taking place in the industry.
Having a clear idea about the same will not only help you to enhance your knowledge but also will help you to implement new technological moves to drive your business.
Implementing digital strategies in business activities is an excellent move to capture a regional, national or international audience.
Start an Online Business in Dubai with Commitbiz
Thinking about starting an online business in Dubai? We at Commitbiz Management Consultants are here to assist you with the answers.
For more information, feel free to have a word with our experts. Contact us today-we’d be glad to assist!
Is Dubai the best location to start an online business?
Yes. Dubai has friendly laws and policies and moreover, is located strategically for trading with the world market. This makes Dubai the best place to start an online business.
What license do non-UAE nationals require to start an online business?
There are types like E-trader license, portal license and virtual trader license and it depends on the activity you choose.
Do I require a license to sell goods through social media?
Yes, you need an e-trader license.
Can foreigners start an online business in Dubai?
Yes, foreigners can start an online business in Dubai.