Are you a Singaporean small company entrepreneur wanting to expand your shopping cart skills and improve your online visibility? Several scholarships are accessible to you. The PSG Grant, commonly referred to as the “PSG Ecommerce,” is available to assist you in expanding your company through the internet. We will cover whatever you must know concerning the PSG Award in this in-depth blog post, including what it covers and any additional costs you need to be aware of. So make yourself a cup of caffeine and get set to hear all the inner details about how this award can change the way you do business online!
What is a ( PSG Ecommerce Grant )?
A government program in Singapore called the PSG grants, sometimes known as the Performance Strategies grants, attempts to assist companies as they undergo digital transformation. This award, which is especially designed for medium-size companies (SMEs), offers financial aid to companies so they may implement technological advances and increase production.
Your company must be organized and functioning within the country with at least 30 percent local shareholders in order to qualify for the PSG Grants. There are additional requirements that change based on the subject matter of the task at hand. Before submitting your application, it’s crucial to carefully understand these standards to make sure your company satisfies PSG Ecommerce every requirement.
What is included in the eCommerce Greate?
So what precisely does the eCommerce Grants cover? It addresses an extensive variety of topics to aid organizations in establishing or enhancing their digital footprints. The creation of a website is a crucial component. The funding can be utilized to create a brand-new PSG Ecommerce online shop or to improve an already existing one. This involves designing an intuitive platform that efficiently markets items.
Here is a brief explanation of what you’re going to receive:
- Commodity and client billing software
- Construct countless goods and classes.
- Without a credit card entrance, the Add to Basket function Embedding the Consolidated Package Transportation Systems
- Scheme of Recognition Awards
- Discounts and promotional program
- Software for Visible Presentations
Additionally, the bundle includes marketing solutions including SEO, or search engine optimization, Setting up, internet branding integrating, and electronic branding PSG Ecommerce Integrate. These resources aid in increasing brand awareness across various electronic mediums and boosting web traffic.
You can ask us for a quote if you’d like to learn more.
What is Not included in the eCommerce Grant
The eCommerce Grant provided by the PSG program in Singapore PSG Ecommerce offers a valuable opportunity for businesses to enhance their online presence and boost their e-commerce capabilities. it is important to note that there are certain limitations to what is included in the grant. While it covers essential aspects like website design and development costs, it does not cover ongoing maintenance or hosting fees. Additionally, expenses related to inventory management systems or payment gateways are also not included.
Before applying for the eCommerce Grant, it is crucial for business owners to thoroughly understand what is covered and what is not. This way, they can plan their budget PSG Ecommerce accordingly and avoid any unexpected expenses down the line.
Hosting and Maintenance Service
Hosting and maintenance service is not included in the PSG package and a PSG Agency should not offer this as part of their package. You risk getting your application rejected if the agency breaches the Terms and Conditions as a PSG Vendor.
You can easily maintain your own ecommerce website. However, if you prefer a WordPress Website Maintenance Plan, it can cost around SGD138 per month, which includes your hosting.
A domain can cost between SGD 20-150. You can purchase your domain name from Namecheap or Exabyte for a .com.sg domain.
Product photography service is also not included in the PSG Ecommerce package. The cost of photography service can range from SGD 4,000 per day.
Content or description writing is not included in the PSG package. It is recommended to consider writing your own content using AI tools such as ChatGpt or PSG Ecommerce Copymatic. Both tools are free and provide good English language support.
We recommend using Hitpay for your online transactions. Depending on the payment method you choose, there will be a transaction fee for each sale you make.
You can refer to the Hitpay website for more information on the fees. Additionally, you can utilize the calculator below to determine how much you should sell your product for in order to cover the transaction costs.
Parcel Delivery Charges
We recommend using Easy Parcel for a more convenient way to send your parcels. The cost of each parcel starts from $3, depending on the chosen operator. You can request a quick quote directly from their website.
We hope that this piece of information gives you a clearer view of the PSG Grant (eCommerce Grant). If you want to know more about the PSG, please check out our PSG page.