Droppii's SWOT analysis highlights strengths such as a cost-effective dropshipping model and strong KOL support, while weaknesses include brand unpopularity and suboptimal technology. Opportunities in Vietnam's growing e-commerce market and rising cashless payments are noted, alongside threats from fierce competition and logistics costs. Strategies are proposed to leverage strengths and address weaknesses to enhance market presence and customer trust.
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Droppii
Droppii's SWOT analysis highlights strengths such as a cost-effective dropshipping model and strong KOL support, while weaknesses include brand unpopularity and suboptimal technology. Opportunities in Vietnam's growing e-commerce market and rising cashless payments are noted, alongside threats from fierce competition and logistics costs. Strategies are proposed to leverage strengths and address weaknesses to enhance market presence and customer trust.
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Droppii's SWOT Matrix
Strengths (S - Strengths)
1. The dropshipping sales model does not need a warehouse, optimizing
costs. 2. The technology platform supports sellers to manage simply. 3. A team of KOLs and an extensive network make it easy for you to reach customers. 4. Return policy for customers 5. The logistics system cooperates with many domestic transport units. 6. Support seller training, making it easy for newcomers to join.
Weakness (W - Weakness)
1. The brand is unpopular, has no advantage over major platforms.
2. Many domestic payment methods are not supported. 3. The websites and apps are not optimal compared to the big competitors. 4. The return and warranty policy is not clear, which is easy to cause distrust. 5. Depending on the supplier, it is difficult to control the quality of the product.
O-Opportunities
1. Vietnam's e-commerce market is growing strongly.
2. Many carriers offer faster warehousing and delivery services. 3. The government supports domestic businesses in e-commerce. 4. Cashless payments are on the rise, opening up many opportunities to integrate electronic payments.
Threats (T – Threats)
1. Fierce competition with Shopee, Lazada, Amazon.
2. Customers are still concerned about the reliability of small e-commerce platforms. 3. Logistics costs are high due to dependence on external partners. 4. Risks from suppliers do not guarantee product quality. S-O Strategy W-O Strategy
1. Promote recruitment 1. Build a professional
and cooperation with website platform to KOLs, high-quality optimize user experience suppliers to expand (W3, O4) market share (S3, O1) 2. Leverage local 2. Improve customer logistics system to care and after-sales optimize fast delivery policy to increase (S1, O2) reliability (W4, O3) 3. Expand relationships 3. Deploy more popular with businesses and payment methods such domestic carriers to as MoMo, VNPay to reduce costs (S5, O3) reach more customers (W2, O4)
S-T Strategy W-T Strategy
1. Focus on niche 1. Invest in technology segments (S1, S3, T1) to to improve avoid head-to-head competitiveness (W3, confrontation with big T1) players 2. Build a flexible 2. Improve order warranty and return processing speed and program to create trust customer service to (S4, T2) increase user experience (W4, T2) 3. Cooperate with 3. Strengthen product domestic delivery units and service quality to optimize control to reduce return transportation costs (S5, rate (W5, T4) T3)