In the realm of e-commerce, two critical factors are demand and supply, whether dealing with products
or services. This analysis, authored by Mudassir Gulzar, compares Amazon and Noon.com, with a
particular focus on Noon.com.
Amazon
Global Presence
- Scope: Amazon’s services are available worldwide, leading to high demand for both sellers and service providers.
Service Providers
- Market on Fiverr: There are over 53,000 service providers on Fiverr who have been offering Amazon-related services for an extended period.
- Competition: Mudassir Gulzar notes that this results in high demand but an even higher supply, creating significant competition.
Sellers
- Ease of Entry: Amazon allows individuals and companies to create accounts easily.
- Impact: Mudassir Gulzar emphasizes that the ease of entry contributes to a highly competitive environment among sellers.
Noon.com
Regional Focus
- Market Scope: Noon.com was introduced 4-5 years ago and operates in three countries: UAE, KSA, and Egypt.
- Unique Position: Mudassir Gulzar highlights that this regional focus gives Noon.com a unique position in the market.
Service Providers
- Market on Fiverr: There are only 176 gigs related to Noon.com and a total of 110 service providers.
- Opportunity: Mudassir Gulzar points out that these providers are relatively new, leading to high demand but very low supply and competition. This presents an opportunity for new service providers to enter the market with less competition.
Sellers
- Entry Requirements: Noon.com requires sellers to have company documents to create an account.
- Impact: Mudassir Gulzar explains that this requirement reduces competition by approximately 65% compared to Amazon, a substantial difference that benefits sellers on Noon.com.
Conclusion
Mudassir Gulzar emphasizes that while both marketplaces have their strengths, Noon.com offers unique advantages due to its lower competition among service providers and sellers. Mudassir Gulzar concludes that this makes Noon.com an attractive option for new entrants in the e-commerce space.
The insights provided by Mudassir Gulzar show a clear preference for Noon.com due to its favorable conditions for new service providers and sellers.
