South Africans are very tech driven and effortlessly embrace new modern technologies, but access to such items have always been prolonged in the country. For this reason, we thought to establish a business that supplies a solution where individuals can buy the latest gadgets and software, on demand. Since our establishment, Neo Technologies has set out to supply South Africans with the latest and greatest gadgets.
This is also what makes our item offering distinct, as our company has always evolved around offerings that are different, hard to find, in demand, and top quality.
The reason why Neo Technologies is able to marketplace and sell offerings in today’s fast and competitive business environment is because of our online presence, which has played a significant part in our success.
Nowadays many potential buyers prefer to spend their time online, rather than in a physical store. So, for us, having an online retail store means we can accommodate a broader range of buyers.
How Neo Technologies stays on top of the latest trends
To further accommodate clients’ needs, Neo Technologies stays on top of the latest developments and trends in the industry through online research, as well as by listening to and analysing buyer feedback and requests for new items seen elsewhere in the world.
” We also have key partners whereby we can buy quantities of offerings not yet available in SA, and they consolidate and send to us regularly. This enables us to also test the industry demand for items, before we consider bulk sales.
Remaining competitive in the midst of obstacles
While Neo Technologies is proficient in staying on top of trends, there are naturally challenges any retailer or company will face.
Challenges most businesses face include costly offering imports, red-tape around many electronic items from a compliance point-of-view, involving ICASA, and LOAs (Letter of Authority) for electronic devices fitted with a plug.
While we have a solid sense to comply with regulations in the industry, regulations remain overwhelming, as some of our imported items are from the U.S.A. and Europe where they have very stringent tests and regulations these items need to comply with.
” Most establishments further have to pay licence fees to two separate entities for playing music in stores, and rent in malls is very pricey and adds mainly to the elevated cost of doing business in SA.
Regardless of these obstacles, Neo Technologies still prevails in remaining competitive.
Whether you are a tech geek and as passionate about modern technology as is, or simply looking for the best electronics for your establishment, you’ll love what we have to offer.
