ON is a capital-free sales platform launched in early 2021 in Vietnam by 3 co-founders Nguyen Hoang Giang, Luu Tien Dung and Nguyen Tien Minh. ON aims to help people start a business, increase income easily with 0 dong capital.
Sales partners will have the opportunity to access nearly 20,000 products from reputable suppliers available on the platform without capital. Sales partners only need to introduce and consult sales, ON will be in charge of all issues of sourcing, product packaging and shipping. With each successful order, the sales partner can receive a commission of up to 50% of the order value.
Up to now, ON owns a community of more than 1 million interested people. Currently, the ON platform has attracted more than 10,000 sales partners, of which 90% are women, most of whom live in rural areas and small cities. Through the platform, on average, each seller can increase their income up to 7 million VND/month.
A recent report by Facebook and Bain & Company shows that Vietnam will be the country with the fastest growing e-commerce sector in Southeast Asia by 2026, with an estimated total merchandise value of 56 billion USD, an increase of 11.8 billion USD compared to 2020. These are considered impressive numbers for a developing country like Vietnam.
Currently, revenue from e-commerce accounts for less than 5.5% of retail sales in Vietnam, showing that the market potential of this field is still very large, especially in rural areas and cities. small town, where 92% of households have a smartphone and up to 72% participate in online shopping on Facebook or other social networking platforms, but there are not many technology applications focusing on the area. this area.