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7 Smart Ways to Overcome the Chicken and Egg Problem for Online Marketplaces
The chicken and egg problem has stopped being a merely philosophical dilemma. You may be surprised, but this expression is now widely used in the business world too. So what a chicken and egg problem is in e-commerce? In simple words, this term describes the situation when the owner of a new marketplace...
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3 Secrets of Efficient Communication With Your Remote Software Development Team
George Bernard Shaw once said that “the single biggest problem in communication is the illusion that it has taken place”. This is particularly true for remote team management. Communication gets tricky when you don’t have the opportunity to meet your team in person and discuss work-related issues...
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How to Build a Multi-Vendor Marketplace Website From Scratch
In the near future, the community expects a rapid increase in the number of marketplaces. The scope of online trading is growing every year. More and more people want to get their part of this pie. The main reason is that an e-commerce platform is a very profitable business. In this article, we cover...
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Best Monetization Practices to Build a Successful Online Marketplace
So, you have decided to build an online marketplace. You have chosen your platform business model, weighing the pros and cons. Now, it’s time to choose the proper monetization strategy, as it is one of the key factors in building a profitable and scalable platform. In this blog post, we cover the...
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Top 5 Online Marketplaces: All You Need to Know About Leaders
According to Statista, the number of online buyers is growing year by year. In 2019, it is expected to reach the point of 1.92 billion customers. It means that consumers and merchants have both moved their interactions online. Source: Statista E-commerce platforms offer new opportunities and sales...
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How To Start Your Own

Online Marketplace

The amount of online marketplaces increases every day. Both consumers and suppliers increasingly turn to online interaction. According to Statista, in 2019 e-commerce sales worldwide reached the point of $3.4 trillion, and this number is expected to grow further. Source: Statista Online marketplaces...
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MVP and Prototype: What’s Best to Validate Your Business Idea?
Every startup needs to pass a number of stages to launch the final product. And one of the most important stages is idea validation. Both an MVP and a prototype approaches can help you with it but at different stages of product development. However, people often confuse these two definitions. Comprehension...
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How to Create a Minimum Viable Product (MVP)
As an entrepreneur, you may eventually come to the point of planning a startup and launching your software product. Initially, you only have the idea of the project. What’s next? Statistics show that numerous startups continue failing because their application is not in demand among the users in...
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