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E-commerce provides products or services to get real clients without the physical barriers. Having been on the market for long, we have the best strategies of coming up with e-commerce solutions.
Whether you are looking for a marketplace development partner or ready to launch your own, we can help you achieve your goals of creating a successful business
A typical marketplace model consists of buyers and sellers with the platform acting as a means to connect both. Marketplaces do not generally own any supply, do not provide products or services directly, and (eventually) handle the money being exchanged. Simply put, a marketplace provides a platform where the supply and demand efficiently find each other and transact successfully.
Marketplaces are hard to build. During the initial phase of a marketplace, there is neither supply nor demand available. At Mindbowser, we work with entrepreneurs to not only guide the technology but also build the right business strategy with the support of our marketplace development services. Launching a marketplace requires building the two sides of the platform. On one side, you have to onboard the customers and on the other, the vendors.
A marketplace allows vendors to bring out their products and services in front of their targeted customers. The multi-vendor platform can offer ample choices to the customer and high volume growth to vendors. The best part about marketplaces is the network effect. This means more buyers lead to more sellers, leading to more buyers, and so on, the cycle continues. Once such a system sets in, it becomes hard to compete and it creates a great advantage for a company.
According to the business need, we can design and develop intuitive, appealing and secure features for retailers, vendors, and buyers. Our online marketplace development services come with a holistic feature set not only covering the obvious features such as transactions and payments but also the fringe yet important features such as tracking, automation, reviews etc. Irrespective of the marketplace application type, marketplaces require multi-user roles and related features.