17 Matching Annotations
  1. Dec 2021
    1. How to Choose the Right Marketplace Development Company?DmitryCEOMarketplaceHomeBlogEntrepreneurshipHow to Choose the Right Marketplace Development Company?PublishedMay 8, 2020UpdatedMay 8, 20209 min readDo you want to build a marketplace app but cannot choose the right marketplace development company? There are dozens of web agencies, and their services seem to be quite similar. So how can you know whether you can trust a software provider? We have a solution for you. In this article, we have prepared the most important factors you need to take into account when choosing a marketplace development agency.

      Do you want to build a marketplace app but cannot choose the right marketplace development company? There are dozens of web agencies, and their services seem to be quite similar. So how can you know whether you can trust a software provider?

      We have a solution for you. In this article, we have prepared the most important factors you need to take into account when choosing a marketplace development agency.

    1. How to Create a Micro-Job Marketplace Like Fiverr: Features, Cost, TimelineTimurTech JournalistMarketplaceProduct GuideHomeBlogEntrepreneurshipHow to Create a Micro-Job Marketplace Like Fiverr: Features, Cost, TimelinePublishedNov 19, 2021UpdatedNov 19, 202120 min readIt’s no secret that the COVID-19 pandemic has led many people to reconsider their jobs. Now, freelance as an alternative career path steadily becomes a reality. 50.9% of the U.S. workforce will be freelancing by 2027, a Statista survey shows. Businesses like Fiverr and fellow gig-focused companies rode the wave. To be more precise, they adopted a model allowing the hire of independent contractors without any legwork. How do such tools set the new trend in powering freelancers? In this article, we share proven methods geared towards freelance website growth. Moreover, you will get a glimpse of how to create a micro-job marketplace like Fiverr of your own.

      It’s no secret that the COVID-19 pandemic has led many people to reconsider their jobs. Now, freelance as an alternative career path steadily becomes a reality. 50.9% of the U.S. workforce will be freelancing by 2027, a Statista survey shows.

      Businesses like Fiverr and fellow gig-focused companies rode the wave. To be more precise, they adopted a model allowing the hire of independent contractors without any legwork. How do such tools set the new trend in powering freelancers?

      In this article, we share proven methods geared towards freelance website growth. Moreover, you will get a glimpse of how to create a micro-job marketplace like Fiverr of your own.

  2. Nov 2021
    1. What Makes Ruby on Rails Perfect for Marketplace Development?AlinaE-Commerce & SaaS StrategistMarketplaceRuby/RailsHomeBlogEntrepreneurshipWhat Makes Ruby on Rails Perfect for Marketplace Development?PublishedJul 13, 2020UpdatedJul 13, 202012 min readThe last several years have been marked with the rise of different marketplaces. Airbnb, AliExpress, Etsy, Booking.com are on everyone’s lips. That's not surprising that the idea of launching a second Amazon or eBay seems so appealing. To win the e-commerce race, entrepreneurs focus on providing excellent customer experience and build fast-loading and scalable websites. Besides, business owners take various security measures to protect their customers’ sensitive information. This way, they can gain clients’ trust and boost sales. When building a custom marketplace, what technology stack is best to achieve all these goals? Our answer is simple: Ruby on Rails. In this article, we will fill you in on the Ruby on Rails marketplace development. At Codica, we are passionate fans of this framework and have built numerous e-commerce platforms with its help. Based on our experience, we will discuss the key reasons to choose RoR for building a successful marketplace.

      The last several years have been marked with the rise of different marketplaces. Airbnb, AliExpress, Etsy, Booking.com are on everyone’s lips. That's not surprising that the idea of launching a second Amazon or eBay seems so appealing.

      To win the e-commerce race, entrepreneurs focus on providing excellent customer experience and build fast-loading and scalable websites. Besides, business owners take various security measures to protect their customers’ sensitive information. This way, they can gain clients’ trust and boost sales.

      When building a custom marketplace, what technology stack is best to achieve all these goals? Our answer is simple: Ruby on Rails.

      In this article, we will fill you in on the Ruby on Rails marketplace development. At Codica, we are passionate fans of this framework and have built numerous e-commerce platforms with its help. Based on our experience, we will discuss the key reasons to choose RoR for building a successful marketplace.

    1. Avoid These Costly Mistakes During Web Application DevelopmentDmitryCEOCustom SoftwareHomeBlogTechnologyAvoid These Costly Mistakes During Web Application DevelopmentPublishedJan 16, 2020UpdatedJan 16, 202015 min readAccording to the Startup Genome Report, over 90% of startups fail after launch. There can be different reasons like skipping the market research, hiring wrong specialists, too early scaling, and so on. However, one of the most important elements of startup success is the product you provide. Neglecting estimates, avoiding the MVP stage, designing unnecessary functionality, and saving time on testing may become fatal errors that can result in a complete failure. In this article, we will tell you about the most costly mistakes you should avoid during web app development to succeed after product launch.

      According to the Startup Genome Report, over 90% of startups fail after launch. There can be different reasons like skipping the market research, hiring wrong specialists, too early scaling, and so on.

      However, one of the most important elements of startup success is the product you provide. Neglecting estimates, avoiding the MVP stage, designing unnecessary functionality, and saving time on testing may become fatal errors that can result in a complete failure.

      In this article, we will tell you about the most costly mistakes you should avoid during web app development to succeed after product launch.

    1. 4 Best Payment Solutions for Online MarketplacesDmitryCEOMarketplaceHomeBlogEntrepreneurship4 Best Payment Solutions for Online MarketplacesPublishedAug 7, 2020UpdatedAug 7, 20209 min readDid you know that payment solutions for online marketplaces can shape your e-commerce business and its success? Thus, Uber succeeded in its global expansion right after it switched to Braintree. In early Uber’s scaling, even a dollar-euro currency conversion wasn’t available. Now, with Braintree, it processes mobile payments in 130 currencies in 80+ countries. Of course, each marketplace faces its own payment challenges. So, you should rely on a payment solution with the features vital right for your e-commerce platform. To identify them, let’s dig deeper into two-sided marketplace payment processing, and analyze the best payment gateways for marketplaces.

      Did you know that payment solutions for online marketplaces can shape your e-commerce business and its success? Thus, Uber succeeded in its global expansion right after it switched to Braintree.

      In early Uber’s scaling, even a dollar-euro currency conversion wasn’t available. Now, with Braintree, it processes mobile payments in 130 currencies in 80+ countries.

      Of course, each marketplace faces its own payment challenges. So, you should rely on a payment solution with the features vital right for your e-commerce platform. To identify them, let’s dig deeper into two-sided marketplace payment processing, and analyze the best payment gateways for marketplaces.

    1. Spree Commerce: How to Quickly Build an Ecommerce WebsiteAlinaE-Commerce & SaaS StrategistMarketplaceProduct GuideHomeBlogEntrepreneurshipSpree Commerce: How to Quickly Build an Ecommerce WebsitePublishedAug 31, 2020UpdatedAug 31, 202011 min readThe hype around Amazon and eBay has driven up the demand for marketplace development services. Business owners turn to software consultancies to launch a thriving e-commerce website. Here comes a question: what do they need to get the most successful online marketplace website? We believe that a profitable e-commerce project starts with the right tech stack. The main qualities that a modern marketplace should possess are scalability, easy customizations, and flexibility. Therefore, it’s important to choose the technologies that will help these qualities.

      The hype around Amazon and eBay has driven up the demand for marketplace development services. Business owners turn to software consultancies to launch a thriving e-commerce website. Here comes a question: what do they need to get the most successful online marketplace website?

      We believe that a profitable e-commerce project starts with the right tech stack. The main qualities that a modern marketplace should possess are scalability, easy customizations, and flexibility. Therefore, it’s important to choose the technologies that will help these qualities.

    1. POC vs MVP: What to Choose to Build a Great ProductDmitryCEOMVPHomeBlogEntrepreneurshipPOC vs MVP: What to Choose to Build a Great ProductPublishedNov 10, 2021UpdatedNov 11, 202115 min readWhen it comes to creating a new product or implementing a new feature, you need to test it first. The best way to do so is to check your idea with the appropriate steps. There are several software product stages: PoC, prototype, MVP, etc. What is the difference between proof of concept vs. MVP? Why are these stages essential? When should you build a Minimum Viable Product? This article focuses on two fundamental approaches that help test your idea quickly and create a successful solution.

      When it comes to creating a new product or implementing a new feature, you need to test it first. The best way to do so is to check your idea with the appropriate steps. There are several software product stages: PoC, prototype, MVP, etc.

      What is the difference between proof of concept vs. MVP? Why are these stages essential? When should you build a Minimum Viable Product?

      This article focuses on two fundamental approaches that help test your idea quickly and create a successful solution.

  3. Aug 2021
    1. B2C Ecommerce Marketplaces: All You Should Know Before Building OneAlina NechvolodE-Commerce & SaaS StrategistMarketplaceHomeBlogEntrepreneurshipB2C Ecommerce Marketplaces: All You Should Know Before Building OneAug 13, 202118 min readOnline marketplaces are flourishing. Success stories featuring famous B2C examples like Amazon or eBay are a case in point. So it is hardly a surprise that e-commerce platforms pop up all over. Still, very few of them can compete with industry leaders as equals. In fact, building an online marketplace platform is never smooth sailing. Quite the opposite, it can become a challenging task for rookies. To help you start a successful marketplace business, we created a detailed guide to building a B2C marketplace. Follow these steps to offer the greatest value to your buyers and sellers.

      Online marketplaces are flourishing. Success stories featuring famous B2C examples like Amazon or eBay are a case in point. So it is hardly a surprise that e-commerce platforms pop up all over. Still, very few of them can compete with industry leaders as equals.

      In fact, building an online marketplace platform is never smooth sailing. Quite the opposite, it can become a challenging task for rookies.

      To help you start a successful marketplace business, we created a detailed guide to building a B2C marketplace. Follow these steps to offer the greatest value to your buyers and sellers.

    1. 7 Top Strategies To Attract Sellers to Your Peer to Peer MarketplaceDaniil TorkutDeveloper AdvocateMarketplaceHomeBlogEntrepreneurship7 Top Strategies To Attract Sellers to Your Peer to Peer MarketplaceJun 4, 20208 min readUser acquisition is one of the most important aspects to make your marketplace website successful. When you attract sellers and buyers to your platform, you start making a profit and improve your market presence. Our previous article covered the topic of attracting buyers for a peer to peer marketplace. We have considered 4 simple techniques that will help you solve the chicken and egg problem even before you launch your marketplace. These are a referral system, landing page, free offers, and constraints that can help you attract early buyers. Today we want to discuss the second important aspect - acquisition of sellers. We prepared 7 quick ways to attract vendors to your peer to peer marketplace platform. This detailed guide will help you make your e-commerce website profitable and successful.

      User acquisition is one of the most important aspects to make your marketplace website successful. When you attract sellers and buyers to your platform, you start making a profit and improve your market presence.

      We prepared 7 quick ways to attract vendors to your peer to peer marketplace platform.

    1. How to Build a Marketplace Website MVP and Not FailDmitry ChekalinChief Executive OfficerKate DavydovaMarketplace Growth StrategistMarketplaceMVPHomeBlogEntrepreneurshipHow to Build a Marketplace Website MVP and Not FailApr 9, 202013 min readDo you want to know how to build a marketplace website that will become popular and profitable? And you don’t want to risk money and waste a lot of time, right? A great plan is to start with a minimum viable product (MVP). This way you will not spend a lot of time and money, and you will get valuable feedback on the product and its primary features. Using this approach, you will definitely understand whether your idea is worth investing in or not. Today, we want to discuss how to build a marketplace MVP through several simple steps.

      Do you want to know how to build a marketplace website that will become popular and profitable? And you don’t want to risk money and waste a lot of time, right?

      A great plan is to start with a minimum viable product (MVP). This way you will not spend a lot of time and money, and you will get valuable feedback on the product and its primary features. Using this approach, you will definitely understand whether your idea is worth investing in or not.

      Today, we want to discuss how to build a marketplace MVP through several simple steps.

  4. Jul 2021
    1. How Much Does it Cost to Create a Website Like Udemy or CourseraDmitry ChekalinChief Executive OfficerAlina NechvolodE-Commerce & SaaS StrategistProduct GuideHomeBlogEntrepreneurshipHow Much Does it Cost to Create a Website Like Udemy or CourseraApr 27, 202016 min readUniversity education is getting more and more expensive. The College Board indicates a 3% growth of tuition and fees for private and public colleges during the past two years. Online courses have become a great alternative to traditional education. The leading eLearning websites are Coursera and Udemy, which attract millions of users wanting to gain new skills. So what makes them outstanding examples of educational platforms? How to build a Website Like Udemy or Coursera that can compete with these giants? You will find the answers in this article.

      Online courses have become a great alternative to traditional education. The leading eLearning websites are Coursera and Udemy, which attract millions of users wanting to gain new skills.

      So what makes them outstanding examples of educational platforms? How to build a Website Like Udemy or Coursera that can compete with these giants? You will find the answers in this article.

    1. How Much Does It Cost to create a Website Like Amazon?Dmitry ChekalinChief Executive OfficerDaniil TorkutDeveloper AdvocateKate DavydovaMarketplace Growth StrategistMarketplaceProduct GuideHomeBlogEntrepreneurshipHow Much Does It Cost to create a Website Like Amazon?Dec 10, 201917 min readToday, the ability to make a purchase in 1 click means nothing extraordinary. Still, in 1999, it was a sensation. The sensation caused by Jeff Bezos and his website, Amazon, now loved by millions of buyers and suppliers. Six figures of digital transactions, product listings, and new users prove the platform's success and constant growth.In 2018, Amazon's stock value rose to make the marketplace worth $1 trillion. The store that was started in the garage has become the second company after Apple Inc.Wondering how to build a multi vendor marketplace like Amazon? In this article, we will cover the main points to take into account when creating a similar e-commerce platform.

      Today, we know Amazon as one of the Big Four tech companies along with Google, Apple, and Facebook.

      How did it hit the big time? This question intrigues both entrepreneurs who are going to launch a multi-vendor online marketplace and owners of existing platforms.

      In this post, we want to discuss the core technical aspects that deserve your attention when you are going to launch a similar website including the right tech stack, required functionality, and the key MVP features.

  5. Apr 2021
    1. How Much Does it Cost to Build an Online Marketplace in 2021

      If you are new to marketplace development, you may want to know: how much does it cost to build a marketplace website in 2021?

      Read more in the detailed article

    1. How to build a website like Upwork

      The recent data by Website Planet indicates that the number of US freelancers will grow to 67.6 million specialists by the end of 2021. The number of freelance marketplaces is growing as well since 73% of freelancers search for jobs at dedicated websites.

      The first freelance website that comes to our mind is Upwork, isn't it?) If you wonder how to build a website like Upwork, stay tuned.

  6. Dec 2020
    1. When it comes to online marketplace models, your monetization strategies prevail over all odds. Your online marketplace model must be developed keeping the money-making technique in mind while the funding-flow should majorly be directed from the community you actually serve.

      When it comes to the monetization model for online marketplace, you can find plenty of ways to earn money. However, you need to ensure what types of marketplace you want to build, and which monetization strategies will fit into it.

    1. Airbnb helps travellers home-like travelling experiences by helping you rent a property. Initially, the idea was criticized and did not receive much hype as letting unknown people stay home was not a good idea at all. However, Airbnb successfully changed the dynamics of renting homes. That means the credit goes to the business model that was convincing enough for guests and hosts.

      Airbnb is a community based online marketplace, offering customers to make an arrangement for their lodging, primarily homestays, or tourism experiences.

  7. Nov 2020
    1. Some people believe that online marketplace and aggregator business models work on the same principles. However, there is a fine line between these two. Let’s first clear out those and then move forward to understand the business model of the online marketplace.

      In this article, we are going to dive deeper into the business model of marketplace businesses. But before that, let’s clear out some misconceptions around online marketplaces.