Here we share business tips and tricks for small to medium business owners that help generate or increase their revenue.
Marketplace and dropship are two extremely popular eCommerce business models. Both have incredible financial prospects and unique ways of approaching customers. Together they revolutionized the global eCommerce industry over the last couple of decades. For those who used to show disinterest in online businesses, Covid-19 was a wake-up call for them. Because the global eCommerce…
A regular eCommerce site sells the products of one seller whereas a marketplace allows multiple vendors to sell their products. This is the core point of dissimilarity that gives birth to other differences between single-store eCommerce and marketplace eCommerce. As a seller, you might be confused about whether you should start a new eCommerce business…
A truly successful entrepreneur strives to improve his business as well as himself at all times. There is no substitute for being a successful entrepreneur. Being a successful entrepreneur is great, of course, but there are no less challenges along the way. And there is no substitute for improving yourself all the time to overcome…
The success of an online marketplace initiative is heavily reliant on how you market it. Since the eCommerce industry is already crowded, you have to be passionate and follow an effective strategy. Now, the question is how to market a marketplace website effectively and what should be your strategy in this regard. Just follow this…
Let’s begin with a story! You may have heard about diapers.com. It was an eCommerce site for baby diapers. In 2005, Marc Lore and Vinit Bharara jointly founded the business in Montclair, New Jersey. They used to sell other products as well like baby clothes, car seats, strollers, and toys. In a very short time,…
Since the availability of high-speed internet, marketplaces are experiencing significant growth. People-based marketplaces like Upwork, and Freelancer, product-based marketplaces like Amazon, and Alibaba, places based marketplaces like Airbnb, and Spacer are a few successful examples of marketplaces. You need a platform to build such marketplaces, keeping the build quality, security, scalability, and agility of the…