Marketplace software
How to Promote a Brand New Digital Marketplace in 2022?
The marketplace economy has evolved staggeringly over the past few years. It has also contributed tremendously to the global economy. If
May 17, 2022
Step-by-Step explanation on how to plan, build and launch an online
#1:What is your peer-to-peer marketplace idea?
Solve a real and painful problem
Rental Marketplace
With social media connecting people like never before, sharing commodities between them does seem like an obvious next step.The Peer-to-Peer Rental Marketplaces allows people to share things with each other without having to buy them. But more importantly, these marketplaces have given people a way to make money off their underused personal belongings.
Service Marketplace
With over 43% of the workforce in the US will be freelancers or self-employed by 2020. A service marketplace is an online platform which initiates, facilitates, coordinates and completes buying and selling of services between service seekers and service providers. The different business models like Transaction based model, Lead based model, Subscription based model in the service marketplaces are based on pricing or payment.
#2:Custom Build Vs SaaS Solution
A successful marketplace platform is more than just technology and time! is money
Custom Coding from Scratch
A great option if you want to build the marketplace from ground up with all the bells and whistles. You should consider this if your marketplace is one of the kind and you want to own all the intellectual property, including the code that is powering the marketplace. This option would typically require significant capital and time investment upfront.
No-code Marketplace Software-as-a-Service
Building a platform with a marketplace SaaS (sometimes also called marketplace-as-a-service, or MaaS) where the hosting is included is the fastest way to launch an online marketplace platform. The SaaS solutions are usually battle-tested and ready to scale. The SaaS solution provider will continuously test, improve and update their product.
#3: Why IdyaFlow?
One platform with all the marketplace features you need to build, manage, and scale your business
No Code Solution
- Fully Customizable through Configurations
- Multi-lingual support with Mobile-Friendly Design
- Built-in Payment Gateway to handle Transactions
Secure & Intuitive Storefront
- Powerful Product Search & Navigation
- Reliable Order Processing & Tracking
- Seamless Communication between Supplier & Customer
Powerful Admin Portal
- Easy Supplier Onboarding Workflow
- Tools to Manage your Marketplace Operations
- Marketing Features to Grow your Platform
#4: The Process
We will help you validate product/market fit by launching the MVP faster
Understanding Your Vision
This initial discovery process is about defining your marketplace goals and identifying the customer needs you are aiming to satisfy.
Setting Up Your Marketplace
Your MVP (Minimum Viable Product) marketplace with all key capabilities will be set up ready for additional configuration in 2 weeks.
Initial Training & Launch
Irrespective of the size of your business, we want all our clients to succeed. Our dedicated support team will help you train and launch your platform.
#5: Our Pricing
Our demo sessions are worth every minute
Satisfied Clients
I moved over from IdyaFlow’s competitor. I was already set up for about a year or so, but realized it didn’t have the features I needed to move forward. The best feature on Idyaflow – the ability to work as a rental/ seller marketplace. No other solution supports both the models unless custom implemented and IdyaFlow supports it out-of-the-box!
Samantha
Founder at TravelingMunchkin
Super Support
After some research and communicating with other companies I was lost and not sure if I was going to find what I was looking for. Then I found IdyaFlow and for the first time felt a sense of relief. together and we could not be happier. Thank you IdyaFlow!
Andrew
CEO at OffDuty4U
Great flexibility
IdyaFlow has done a wonderful job of creating a very user-friendly platform and they are always more than willing to answer any questions you have! They have a thorough understanding of peer-2-peer marketplace solutions and I have no doubt that they would be able to help you with your new venture!
Meighan
CEO at GiveForGood
Frequently Asked Questions
Have questions? You’re not alone. Below are our responses to some of the most common ones we get about our new model and technology.
Out-of-the-box platform will be installed and ready for configuration within 2 weeks after sign-up.
Support model is based on the subscription package you have signed-up. All queries from clients under Market-Entry will be responded via Email within 48 hours. Clients under Professional package will be supported via Email within 24 hours and if needed, our support team will set up a phone call. For Enterprise Clients, we will work with you to define a customized model with specific SLA.
We understand your idea is unique and we will sign mutual NDA to ensure your idea is protected.
Out-of-the-box platform has built-in integration with Stripe Payment Gateway. We do support integrations with alternate solutions in Enterprise package.
Our clients choose IdyaFlow over other solutions in the market for 1) We specialize in marketplace business models and our clients see us as one of their business partners and not just a technology solution partner 2) No two marketplace platform on IdyaFlow are similar as IdyaFlow supports customization through intuitive built-in configuration making your marketplace unique 3) When we say “Your success is an indicator of our success” we mean it! our support model is second to none in the industry.
No technical or coding skills are needed. IdyaFlow plans include secure and hosting services. New features are automatically updated with no impact to your marketplace operations.
As the name implies, Market-Entry package allows to you quickly test and validate your marketplace idea. The package is a Do-It-Yourself SaaS solution and contains everything you need for starting a marketplace. No customization is supported under this package. If you have a well defined marketplace business model and require a white-labelled solution with unique custom features, then Professional package is the right choice. Please review the detail pricing here.
Absolutely! IdyaFlow doesn’t store any of your billing information locally. Instead, we make use of a third party service that is independently certified to store sensitive personal information such as credit card and banking information. Your billing details are transferred over an encrypted (SSL) connection to this third party, and all transactions happen directly through them. This is the same level of security used in online banking.
IdyaFlow is web-based SaaS solution, all you need is an internet connection to access the software. Your marketplace platform will be accessible through any web browser, including Google Chrome, Firefox and Safari. The platform is mobile-browser responsible and supports most major smartphone and tablet devices on both iOS and Android.
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