Online business

As per Statista, e-retail revenues are estimated to rise to $6.54 trillion by 2022. This clearly indicates the dominant nature of e-commerce which is only expanding with each passing day. Especially in this tenuous period, the world is going through – it is suggesting that the future is online. Now if you ask a buyer to visit a brick and mortar store, they will be hesitant. COVID-19 has made the necessity of a physical store an obsolete concept.

However, as a vendor or a merchant when you plan to market your product online you are presented with a myriad of marketplaces online. So, to find something that truly matches your goals you have to be very clear on your requirements, expectations and of course the budget.

All online websites are unique in their own ways and functionalities. Here are the most sought-after players in the online world:

Amazon

The pretty obvious one, right? But to be at a leading position – it has improved its platform year on year. If you choose Amazon as your marketplace, then you can sell your products in 14 countries. The versatile business model gave it a global popularity – it has a whopping 2.3 million+ active seller base on the market. 

Seller finds its FBA (Fulfilment by Amazon) and the built-in affiliate program feature remarkable. With FBA, you need not worry about the storing, packing and returns, Amazon takes care of everything. As far as advertising is concerned, it provides sponsored product ads, sponsored brand ads, and custom store pages – everything through the built-in feature.

Etsy

If you are an artsy seller dealing in handmade and antique products then Etsy is your ally in the digital ecosystem. Best-suited for small to medium merchants/vendors – it keeps your identity transparent to your seller. And if you don’t have a website then you can make the most of its custom seller storefront. To promote the products, you can utilize Google shopping and promoted listing.

Alibaba

This Chinese giant e-commerce brand has seen momentous growth worldwide with millions of customers and sellers from more than 200+ countries. It is a B2B marketplace and runs 3 sites -  Taobao, Alibaba and Tmall. Last year, it processed transactions worth $248 billion – that’s combined revenue of Amazon and eBay. Unlike Amazon, they don’t own any warehouses and are involved in only direct sales. 

To sum it up

Besides them, there are other marketplaces to choose from like AliExpress, Flipkart, Asos, Wayfair, Walmart, Bestbuy, eBay etc. The rule of thumb is to select one with the highest credibility and the largest number of buyers. 

Hi there!

Real estate is the top-notch business that will fetch a good turnover. Although the fortune return of the investment is widely spoken, no one talks about the hassle one has to undergo to sustain itself in the real estate market. The real estate market and the trend have changed a lot from what it was before the emergence of smartphones and mobile apps. A real estate clone app can help you reach success with smart work. In carrying out a successful real estate business, there are few essential parameters to keep in mind.

Ideate your business model

You need to develop a business model and be clear on what exactly you will cater to the buyers and sellers. Narrow down on the regions and locations; you will look for properties. Revise on the links you have with different property owners. Know where there is a massive demand for buying a property. Most importantly, decide on your revenue model and commission.

Develop a real estate clone app

A real estate clone app can be integrated into your business to reduce your work by half fold. A real estate app can help you carry out the process of linking the buyers with the sellers easily. Zillow is an efficient real estate app. Using a Zillow clone for your business can be a good idea. Look for the right firm which offers Zillow clone app development services. A good Zillow clone app should have the following features.

1) Secure login by the buyers and sellers

2) The sellers can list details, prices, and pictures of the property.  

3) The buyers can search for different features depending on the location and price.

4) The buyers can request to buy the property if they like it, and the sellers will receive a notification of the same and then can proceed further.  

5) The admin of the app gets an appropriate payment once the property is bought, and all the process is settled.

Market your business app efficiently  

Your business and the business app should be marketed efficiently. Most of the time, the app development company integrates effective strategies to market the app. Hold on to the right firm and get your real estate app developed and marketed with ease.  

Out of all the above, there is an essential strategy you need to keep in mind. That is patience. You need an abundance of patience in running, not just real estate business but any business.  

Oyo, as we all know, is a huge network that provides online hotel booking services to customers across the globe. Initially, it started with just one facility, but now it has grown to be a giant in the online hotel booking app business. Oyo partners up with several hotels and accommodations in multiple countries and provides services to people under the brand name Oyo. 

Customers can access multiple hotels that are available in the app and book a place of their choice, they can also pay for their stay via the app itself. If you are wondering about how the network functions and how revenue is generated, then the answer is right here. Oyo teams up with staying facilities that satisfy its checklist and lists that place in their hotel booking software. 

It generates revenue mainly via commissions from hotels, reservation fees from customers, membership fees, in-app advertising, sponsorships and partnerships, and consulting services. It charges around 22% as commissions from hotels every month. As of the fiscal year 2019, Oyo has made $951 million. You can also build a similar app that will help you generate high revenue in the market. You can establish your brand if you develop your app with the best Oyo clone app development company in the market. Get started now. 

In the technologically advanced era, it is easy to build a music streaming app for your business if you go with the most skilled and experienced set of Android and iOS developers. Music was, still is, and it will always be an essential part of people’s life. So venturing into an industry that is a major chunk of your users’ daily routine will help you yield good profit. 

To build an app like Gaana or Spotify, you need to

• Analyze the market and get in touch with an experienced firm. With their help, you carry out a market analysis to know what users need and how to market your app.
• In the next phase, based on the outcome of the research, you can fix the list of features to be included in the music streaming app and the UI/UX design. A user-friendly design is essential for a large customer base. 
• Then, you have to discuss the set of tools and technologies that will be used to build your app. It is an obvious fact that apps built with advanced tools will help you offer an engaging and error-free experience to your users. So, get the best out of your developers in the music streaming app development phase. 
• Moving on to the testing stage, the firm you choose should have quality assurance engineers to check the app for any defects or bugs before launching it. If the app gets a green signal from the quality check team, it can go for launch. 
• Your team should then make the app live on multiple major platforms to enable a wider audience reach. 

These key phases put together will result in an optimized end product- a music streaming app. My suggestion for building one such app would be Appdupe. They have experts who excel in gaana like app development process and will strive hard to make your brand a success. Reach out to them now. 

Hi Priyanka,

Thank you for your question!

For me personally, visiting offline conferences is a better option because then I am going to dedicatedly devote my time and energy to that conference. 

During the online conferences, I usually get distracted by multiple things (like calls, people roaming around me, a sudden wave of hunger, etc) and at that time people don't mind skipping some part of the conference. During online sessions, we have an option to shift our focus somewhere else, while during an offline conference you are mentally prepared to focus there for a certain time period.

But, keeping my personal opinion aside. The need of the hour is to get used to online meetings. It is not safe to conduct anything causing social gathering amidst COVID-19.