Most business owners who want to sell online are stifled by the numerous challenges involved in setting up an online store.Technical expertise is one of the huge barriers encountered by these businesses. 500Shops intends to solve this problem.

500Shops is a simple, easy to use tool that helps businesses setup and manage their online stores. You sign up, upload your products and start accepting orders immediately. You can also choose from an array of beautifully designed themes to customize your store.

Primarily, 500Shops makes money by charging customers a monthly/bi-annual/yearly subscription fee to keep their stores up and running. Also, from sales of customized store themes and apps. Product photography, custom services e.t.c are other channels. “PARTNERSHIPS: 500Shops is partnering with Banks, SME platforms and the likes to get their SMEs on board.

500Shops is built locally, and so, understands the problems of local SMEs and has created a solution tailor made for them. Local payment integration, multiple payment methods, product visibility, integration with local logistics companies e.t.c are all covered.

500Shops is the brainchild of the duo of Clive Ayonye and Emotu Balogun. They have been playing in the e-commerce space for a long time and they believe they possess the technical skills required to tackle this problem.

500Shops is a finalist in the TechCabal Battlefield, holding on Friday the 21st of February, at Four Points, Lekki. Register now to attend.

The TechCabal Battlefield is proudly sponsored by Stanbic IBTC Bank, iROKING, Jobberman, Konga, Etisalat, with support from VC4Africa, Ventureburn, Capital Square, Easy Taxi, Ebonylife TV, YNaija and RELOADED Magazine.

Muyiwa Matuluko | Author

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