GoodWorks MarketPlace is an online marketplace software allows you to take your business online. Selling through online marketplaces provides a flexible business opportunity with relatively low start-up costs. The major advantage of using the GoodWorks MarketPlace is that it is a ready-to use code base that can be customized to build any business across any industry online.
The potential advantages that can be gained by joining an online marketplace will vary between industries and businesses, and indeed between buyers and sellers.
Some of the potential benefits are summarized below:
It provides an additional channel to market and sell your products
The platform offers reduced marketing costs compared to other sales channels
It allows new opportunities for overseas sales – there has been noted online marketplace growth in the categories of home ware, pets, fashion and sporting goods
They are popular with customers and offer a convenient way to compare prices and products from a single source
Being part of an established online marketplace provides a level of trust between you and the buyer
Impartial reviews of your products and service may give new customers the confidence to buy
They offer opportunities to establish new trading partnerships with traders and suppliers, either within your supply chain or across supply chains
They provide greater transparency – availability, prices and stock levels are accessible in an open environment
It is possible to operate a round-the-clock – time constraints and problems with varying international trading hours are removed.
To elaborate more for a common man, an online marketplace software such as GoodWorks MarketPlace can help you with the following:
You can take your business to a global level . Consider your shop is in a small street in Mumbai, you will only be getting the local share of business. With an implied global reach, online trading makes it possible to sell your products.
Building website is trendy. Having a website is getting mandatory now. What if your competitor has a website ? The online income and all the other opportunities will be driven to him. The number of people who buy things online is increasing day by day, so is the amount of trust in online business. Once the customer experiences it, and feels satisfied, he will try it again.
Customer support is one of the most important thing in business now. We are no longer in the 80’s or 90’s where we used to depend on one or two stores for a product.Competition has channeled up into a higher ratio . Customer satisfaction is an inevitable thing that you cannot ignore else the customer might leave.By taking your business online, ,you can offer fantastic customer support for your product. You can give 24/7 support from your home or wherever you wish. A customer can buy your product even on holidays or at any time irrespective of rain ,wind or any other climatic issues.
If you are launching a new product into the market, you cannot survive without brand building. Have a look at the top 15 internet using countries and the number of users . Quite appealing , right?.
Observing the data , you cannot deny the visibility of Internet. The huge success of Google adsense and adwords proves this further.
Oreo and Toyota are prime examples of using Internet to boost their brand value.
Cost of running a business online is surprisingly smaller than you think. It requires the basic amenities and proficient IT support organisation to set you up and start earning profits.
How much would be the start up cost for your online business?
Let us have a small comparison between an online and an offline business.
Where do you need to invest?
Cost of a domain.
Cost of the software to support hosting and payment gateways. ( A robust software suite.)
Cost of marketing.
Where you save your money?
You just need an office address, not an office. No online customer visits your office. So you can even set your home address as the office address.
Zero stock holding- What you need is some images of the product. You need not hold the stock, and once you get the order you can get or make the product and ship it to the customer.
Least amount of employees- As almost 70% of the operations are automated, you only need a few employees depending on the scale of your business.
Customer has complete trust in buying an online product. For instance, if you are buying a t-shirt, you can give the link to many of your friends and ask for an opinion. While it is impractical to escort all your friends to a shop.
Everything is automatic. The payment, order, invoice generation and so on. You don’t need to worry at all. Whereas with an offline shop, the worries and processes are limitless.
An online marketplace is available 24 hours a day, round the year giving the customer and you the liberty and ease to purchase and sell in a hassle-free manner.
All these features are neatly imbibed in the best online marketplace software, GoodWorks MarketPlace.
At GoodWorkLabs, we understand the ever changing trends of the industry. Of late, we have realised that the future of retail lies in the online sector. The exponential boom in the online sector has led to various online marketplaces.
But, what really sets apart a marketplace? Apart from the products and sellers, a sound technological backup needs to be in place to constantly evolve and grow according to the consumer needs.
And hence, we have built a marketplace which is ready to be used, and can be moulded according to your needs. There is no need to start from the scratch. The basics have all been covered. Many unique features have been incorporated that are disruptive in nature, and handle most of the previously unresolved issues of online marketplaces.
Our MarketPlace is your door to a larger market share.
GoodWorkLabs MarketPlace is built keeping in mind the current online market and its necessities. Our software suite is potent and has lots of disruptive features. Its readiness makes it unique and our commitment towards our clients makes it the best available option.
Contact us today for the best Online MarketPlace Software
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