Placing up a thriving e-commerce model, the Dubai way

Saygin Yalcin is the Founder and CEO of and, both headquartered in Dubai.

Following learning small business in Germany, Mexico, and the US, he saw an prospect in the UAE’s e-commerce area and moved to Dubai when he was 24 decades outdated.

“The world-wide-web penetration costs had been exploding, men and women were coming online… on the other hand, they had been not transacting as we know it today”, Saygin recollects.

He began an on the net vogue store in 2009 termed, which obtained obtained by, which was then bought by Amazon. On the other hand, he wasn’t written content with just 1 thriving undertaking in Dubai, he preferred to dig further, “I feel that there are two kinds of business owners a person that digs out the raw diamond and yet another one that will make it into jewelry. I like digging for new business models”, he instructed Euronews.

When Saygin was striving to sell his motor vehicle on the classifieds, he noticed that the course of action could consider months and determined to investigation small business types formulated to tackle this problem.

“Building businesses does not always indicate that you have to be an inventor, you just have to be the most effective implementor of a product which may well get the job done on the other elements of the world”, Saygin claims.

And that was accurately what Saygin did when he started which made available to obtain any seller’s automobile in 30 minutes, for a truthful cost.

“ was a stunning good results tale from the initial month onwards. Our first month’s income exceeded 470,000 euros,” says Saygin.

This swift results introduced its very own problems, as Saygin had to come across a way to go over the doing the job funds the business enterprise desired, to maintain the interval among the time a car or truck was procured and resold.

“My crew members, though shopping for a automobile, had been already contacting car dealers to look at how a great deal they would get that motor vehicle for. So, I realised they ended up accomplishing some variety of an auction”, he adds.

The group took this concept more and formulated a digital marketplace in which currently around twenty-5 thousand firms are bidding on a automobile brought to, which is now the greatest employed car trader on the internet in the GCC.

As a serial entrepreneur, Saygin also recently launched which sells utilised cars on-line right to consumers. “Today only 1% of utilized autos are marketed online. We imagine that amount will be 50% in the future 5 to 10 decades, and that is when we will use our pole position”, he describes.

Believing the eco-system in Dubai considerably contributed to the results of his companies, Saygin is now investing into the achievements of other business people in the city.

“I like viewing businesses develop, so I want to be a aspect of that as an investor, specifically in the commencing when business owners are just digging out that uncooked diamond”, he says.

Candice Cearley

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