The ROI of Investing in an Enterprise Marketplace

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What does ROI mean?

ROI stands for “return on investment” and it is a calculation of the monetary value of an investment versus its cost.

Investing into a digital platform that connects multiple buyers and sellers within a specific industry or business ecosystem can:
Boost Revenue Streams

Revenue streams are the various sources from which a business earns money from the sale of goods and/or services. 

A marketplace can boost them by its presence online through featured listings and ads. By collecting data and having a network effect you can improve your bottom lines and bring added value to your brand/stream.

Attract New Customers

 

With an easy to use and optimized marketplace the site traffic and flow creates visibility, plants a seed in people’s mind and attracts new customers

Expand Global Reach

For coming to the global reach aim your marketplace will offer:

  • Choice of language:The customers getting the information required in the preferred language are often likely to return to the seller.
  • Choice of currency:provides much-needed comfort to buyers sitting at any corner of the world
  • Product information management: this tool gives insight into the preferences, buying habits, business trends, and other essential data needed to penetrate a new market.
Improve Vendor Relationships

 

Vendor relations are supplier-buyer relationships supported by contracts and buyer implemented management strategies. 

In the past, these relations were very poor from the lack of effective communication. Therefore, a marketplace should help this possible issue through providing important information such as: transaction details, returns, promotions, stock supplies, fulfillment details and product performance.

Scale Your Business

For growing your business you need to do the following steps: diversifying your online presence, optimizing product listings, leveraging paid advertising, streamlining inventory management, building a strong brand, monitoring key performance indicators (KPI’s), expanding internationally and utilizing customer feedback.

Reduce Infrastructure Costs

By digitalizing your process you reduce labor hours, therefore you reduce your infrastructure costs.

Bring Data-Driven Insights

Based on them you can make strategic decisions from data collection, analysis and interpretations. For example: a data insight would be that users typically create an account after spending 5 minutes on your company’s website.

Conclusion

Investing in an Online Marketplace can really accelerate your company’s growth and it can bring a successful return in investment in time.

Onboarding As a service - €69/hr

Let our team help you to develop and execute an efficient onboarding strategy. This will increase your user base from the start.

We can customise onboarding flows to your specific marketplace and your needs, both buyers and sellers. This can include push, email, phone calls, and social media.

Get a customer service agent to introduce your marketplace to potential buyers and sellers.

We will ensure that your users experience a seamless start on your marketplace, where they understand how to use it from their first login.

Two-day Workshop- €999

Let us help you create a vision of a marketplace for the products or industry you are passionate about. 

We will brainstorm ideas, narratives, and stories to create a universe that will be the vision for your marketplace.

The best way to get started on any new project is often an informed discussion of the possibilities, visions, and challenges. We will help you do this by initiating the process and by bringing the required knowledge.

Together, we will break down the entire process from starting, launching, updating and administering. This will prepare you for your marketplace future.

The price of the workshop will be withdrawn from the startup fee.

UX/UI/Front-end Design Services - €89/hr​

Custom design solutions: We can tailor the design of your marketplace to match your brand identity by creating an aesthetically pleasing user experience.

Prototype service: Try your ideas in interactive prototypes, to get a clear visual representation before the final product.

Responsive web design: All of our designs are optimized for various devices, ensuring a user-friendly experience across different browsers, apps and devices.

Intuitive user interfaces: Get interfaces that make the user experience effortless, by guiding the user through your platform.

Interactive elements: Include graphics like animations, transitions, movies and sound which can help to improve the user experience, to ensure that the user will remember and come back to your platform.

Performance optimisation: Our designs will be optimised in a way that enhances platform performance, to reduce loading time and provide a smoother user experience.

Customer Support - €49/hr

Professional customer service in English and Danish. 

Live phone service: Our customer service department will help you customers live on the phone.

Email service: Let our customer service department help by email, responding the way you prefer. 

Live Chat: Have a customer agent respond in a fast-paced live chat, right on the marketplace. 

Peace of mind: Focus on other things in your business, knowing that we are well-experienced in giving your users the best possible experience. 

Marketing Services - €69/hr​

With our added marketing package, your marketplace will gain access to a range of essential tools to stimulate growth and improve your results. 

Marketing analysis: Gain access to data-driven insights, which allow you to base your decisions on what works instead of what you think might work.

Social media marketing: We will make and execute targeted marketing strategies to extend your reach on social media, like LinkedIn and Instagram.

Search engine optimization (SEO): Enhance your presence and visibility in search engine rankings, ensuring that your marketplace can easily be found. 

A/B testing: Fine-tune your interface by testing different approaches on your website, helping you to find the solution that works the best. 

Newsletters: Write engaging newsletters that will captivate your users while keeping them updated and active on your marketplace.

Email flow: Nurture potential customers, drive conversation and foster long-lasting relations with your users through a personalised email flow.

Custom Marketplace Development - €99/hr

Custom feature development: Adapt your marketplace with unique features, designed to address your business needs. 

Transparent price estimate: We pride ourselves on providing a clear and detailed price estimate for developing a custom feature before development begins. 

Expert development team: Benefit from our experienced team of marketplace experts, as they will inspire you and help you figure out what is possible.

Regular updates: Stay informed and up-to-date with regular progress updates, with open communication throughout the development process, before and after launch.

Custom Marketplace Development- €99/hr

Transparent Estimation: We provide a clear and detailed estimate for your custom feature before development begins.

Custom Feature Development: Tailor your marketplace with unique features designed to meet your specific requirements.

Expert Development Team: Benefit from the expertise of our developers who have a deep understanding of marketplace dynamics.

Regular Updates: Stay informed with regular progress updates and open communication throughout the development process.

Custom Marketplace Development- €99/hr

Transparent Estimation: We provide a clear and detailed estimate for your custom feature before development begins.

Custom Feature Development: Tailor your marketplace with unique features designed to meet your specific requirements.

Expert Development Team: Benefit from the expertise of our developers who have a deep understanding of marketplace dynamics.

Regular Updates: Stay informed with regular progress updates and open communication throughout the development process.

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