Online freelance marketplaces are witnessing rapid growth. Millions of people are turning to freelance as they feel more secure when having the opportunity to work from home and cooperate with several clients. SMEs and enterprises are hiring third-party contractors to develop short- and long-term projects while reducing costs. The COVID-19 pandemic has resulted in increased demand for remote services and, therefore, online freelance platforms. Upwork reports that 12% of the US specialists be...

When building a digital marketplace platform, it is crucial to offer a seamless user experience. By engaging customers, vendors of goods and services improve loyalty and retention, this way increasing revenues. As a result, marketplace owners will manage to generate higher profits through monetization. PwC, a worldwide provider of audit, assurance, tax, and consulting services, surveyed 15,000 people from 12 countries to assess the impact of user experience. Analysts found that: 73% of a...

The popularity of digital platforms connecting hoteliers and travelers has significantly increased over the past decade. Accommodation booking websites allow for searching hotels or apartments by numerous parameters, assessing customer feedback, and making payments. Since the travel industry is expected to see rapid growth after the end of COVID-19, the development of an online lodging marketplace is an excellent investment opportunity. However, before building a marketplace platform, a ...

To create a marketplace platform, it is crucial to meet the needs of both vendors and consumers. For this purpose, engineers have to deliver modules for data analytics, online payments, order, shipping, and inventory management, especially when delivering a solution to e-commerce or manufacturing industries. Thanks to API marketplace software, companies can significantly reduce project costs and streamline development. This article describes the leading third-party services that you shou...

Today people prefer to order food using their mobile and web devices since this way is more convenient and time-saving. As a result, online food delivery marketplaces such as Uber Eats, Grubhub, Deliveroo, Postmaes, and DoorDash experienced a rapid increase over the past years. The COVID-19 pandemic accelerated the growth of food ordering applications that connect restaurants with consumers. Dealroom reports that the number of Grubhub app downloads jumped by 23% last year while installs of D...

Building a marketplace platform is an ambitious and challenging task to fulfill. First, you need to differentiate and offer unique service and value since you are not the first on the market. For example, your marketplace can be individual since it gives preferences for fair trade, protects women in business, and more. Despite those mentioned above, no matter how noble your intentions are, you need to have an excellent turnover to pay your bills and invest in your platform's further develo...

eCommerce is getting more and more transparency on the market, and its share is steadily growing. The most popular and convenient eCommerce platforms are available on various devices, and you can reach them from your desktop computer or multiple devices at your disposal. However, most likely potential clients will browse through numerous products from their smartphones because it is convenient, and you do the shopping when you have a couple of free minutes to spare. Thus, you need to deep-di...

Knowband offers a hyperlocal system model that interfaces customers with neighbourhood sellers and stores. Moreover, in the hyperlocal Marketplace, customers purchase from the close by vendors listed at the Marketplace. Similarly, in a Hyperlocal Marketplace, Sellers offer their local transit areas where they can carry on the orders in a short period. Consequently, customers can review the sellers and items in their geological areas. In 3 basic stages, store owners using the Hyperlocal Deli...

According to Digital Commerce 360, the world’s leading marketplaces—including Tmall, Amazon, and Taobao— sold $2.67 trillion in 2020. Analysts found that the sales on marketplace websites such as Amazon and eBay accounted for 62% of global web sales in 2020. The COVID-19 pandemic has accelerated the fast adoption of multi-vendor e-commerce marketplaces. Since retailers, wholesalers, and manufacturers were forced to digitize business processes, most of them began using online marketpla...

Online marketplace platforms have been witnessing rapid growth over the past years. Digital Commerce 360 informs that the volume of sales on marketplaces such as Alibaba, eBay, and Amazon accounted for 62% of global sales made on the web in 2020. Healthcare, e-learning, and gaming marketplaces are also gaining popularity, especially under the influence of the COVID-19 pandemic. According to the report published by Dealroom in 2020, marketplaces have a combined value of $814 billion worldwid...

Today many businesses are looking for convenient channels to distribute goods and services, reach a large audience, as well as cut down marketing and operating costs. Online marketplace platforms were designed to address these issues. Connecting vendors and customers, a marketplace allows them to make payments and orders in one place. An organization or individual doesn’t have to build and promote a website or application to deliver services but just create a profile and add relevant info...

Online marketplaces have become very popular over the past years, especially during the COVID-19 pandemic. Providing companies with the possibility to reduce start business costs and reach a large audience, they generally require just to create profiles and publish information about products or services. Although many people believe that this type of platform is only about online retailing, it is widely used across different sectors, for example, healthcare and education. Launching a market...