Here are the two main business models for B2B marketplaces. Commission based model The first business model is probably the most popular one as it adapts to almost all industries. This model consists of charging commissions on all transactions happening on the marketplace. The operators defines ...
Yes definitely. As you know these elements are super important pertaining to to this information. There are plethora of small businesses that cannot the technical expertise needed in some cases to increase in engagements on websites, which for most websites are the best promotion tools. This woul...
I have worked on a B2B marketplace for technology and advised for a few B2B vertical marketplaces as well. This was for different clients in US, Asia and Middle East. You will need: 1. ability to attract integrators and sellers 2. Easy onboarding 3. Low listing fees 4. Great marketing team 5. A c...
Answers vary based on... Time/Budget/Will/Expertise you possess. Projects with $0 budget verses $10M budget have very different answers. Also, Time comes into effect, as money always has a time value. Say you have $1M LOC to draw on + you'd like the shortest path to a selling your company for...
I would be honest with the clients, addressing the situation, a short piece about why it happened, a thank you to each customer for their loyalty, and then a couple of options to what the customers can use instead. If you have a partner company or a competitor that you have a good relationship w...
There is not a well-chalked path that you can take because both creating a path and walking on it is to be done by you, however, you can learn from those who made to the top. It can be anything that keeps your frustration away, yoga, drums, games or guitar. Airbnb started out in 2008 when foun...
Pandemic is the new normal that we will face in the future as well, this is what WHO foretold. Apart from global warming, and climate change, pandemic is also a reality. The only business model that fits in this world of 2021 is innovation. Business around the world must be prepared to innovate. ...
Pooler and Pooler have rightly defined purchasing as, “The job of purchasing continues to receive increased recognition as a vital management function”. Considering this definition, after a factoring firm buys either the purchase orders or the invoices, they will then collect on them. All money i...
This is a bit of a complex question to answer, but assuming is a typical service based business website where you are using primarily for SEO, Marketing, and informational purposes - the cost is or should be very relatively low. Depending on the type of build you prefer, whether you hire a develo...