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IdyaFlow is your recipe for a successful marketplace platform business

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Marketplace connecting customers and suppliers is a really lucrative and best business idea that you can consider for becoming a successful entrepreneur. Starting a marketplace is not the most difficult part, it is how to make it successful. At IdyaFlow, we believe, the best way to find out is to build an MVP. The Minimum Viable Product (MVP) is the minimum feature set of your B2B marketplace platforms that will allow you to validate your idea and understand your market needs quickly. Create quickly your marketplace platform! IdyaFlow is delivered with a maximum of essential features you will need for your marketplace platform . Beginning with an MVP will allow you to understand the software and focus on the main workflows of your platform. Once tested, it would be easier to think about new features and how to develop them according to your specific market needs. Time for developments will be optimized and more efficient. Save Money As the famous proverb says time is money. A
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Key Features of B2B Marketplace Platforms

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Everyday we see more and more customers of B2B businesses are making their purchases online. A study from Forrester indicates that more than 74% of the B2B customers make some online research before buying something. Having said that, the needs and requirements of the customers are very different for B2C and B2B platforms. Therefore, B2B platforms should change the way that they design and display their micro-stores to their customers. The standard model of the shopping cart does not work for the B2Bs. Here, in this blog, we discuss essential features to create and support a successful B2B Marketplace platform. Intuitive and user-friendly searches The customer app search bar should have improved features to ● Search filters – customers should be able to locate a product or refine default search results by varying attributes such as product size, color, availability, etc. ● Availability searches – the e-marketplace portal must be able to manage and narrow down searches based o
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B2B Marketplace for Food & Hospitality Industry

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The U.S B2B e-commerce market along with the food industry is expected to reach USD 20.9 trillion by 2027, which makes the marketplace platforms for food industry development an appealing business opportunity. While e-marketplaces have started to catch on in several sectors and industries, the food industry has been slow to jump on the bandwagon. The demand for B2B marketplaces for the food & hospitality industry is growing fast where the operators can connect with distributors, compare prices, and order online without the hassle of phone calls, emails and paperwork. The biggest value is here the operators can easily search for all distributors providing specific products/services, compare their services and make a decision within a few minutes. There is no question, food and hospitality is one of the top 5 industries most impacted by COVID. While the crisis is unfolding, operators should also prepare for what is coming next. But not the next 'normal'. Nor
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What You Need To Know About B2B Marketplace and Why

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B2B marketplaces are starting to generate a lot of interest. Companies like Ariba, Chemdex, Commerce One, FreeMarkets and Internet Capital Group have attained breathtaking stock market capitalizations. Venture capitalists are pouring money into more B2B marketplace start-ups. Even industrial stalwarts like General Motors and Ford have announced plans to set up their own marketplace platforms to bring their suppliers and buyers closer. As this is a new entrant with new business models in the B2B space, it’s increasingly difficult to make sense of the landscape. In this article, we introduce how the different types of B2B marketplace models work and how they create value, we hope to provide useful guidance not only to entrepreneurs looking to launch marketplaces but also to the many buyers and suppliers developing strategies for capitalizing on B2B marketplaces. Why B2B marketplaces?   ● Companies can streamline their processes and eliminate unnecessary costs by moving many of their bus
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How B2B Marketplace Changing Heavy Equipment Rental Industry

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New generation of B2B marketplaces is not “one size fits all.” Broadly speaking, new B2B marketplaces fall into one of two main categories — niche players and market leaders. The niche players are businesses that are focused on a particular niche market or community of users. The market leaders are businesses that already have a large customer base, brand presence and want to grow even bigger by offering more choices to their existing customers. By bringing together huge numbers of buyers and suppliers and by automating transactions, marketplace platforms expand the choices available to buyers, give suppliers access to new customers, and reduce transaction costs for all the parties. By extracting fees for the transactions occurring within the  B2B marketplaces , marketplace entrepreneurs can earn vast revenues. And because the marketplaces are made from software—not bricks and mortar—they can scale with minimal additional investment, promising even more attractive margins as their mark
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Build Your Unique Marketplace with IdyaFlow

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In recent times, there are many things that have undergone a drastic change. From being able to do everything online to being able to be virtually present with a lot of people with the help of ‘live’ features, the world has changed a lot! But, while we are growing every minute we have done a lot of damage to our Mother Earth. Our hoarding tendencies and reckless use of resources have wrecked a lot of havoc and now it is time for us to make sure that we take efforts to reverse or at least halt the damage done. And this can be done by sharing more and more. The next-gen entrepreneurs are also keeping this in mind and thus there has been an emergence of rental marketplaces. Marketplace software like Sharetribe can be used to build platforms that promote sharing and better use of resources. But is Sharetribe the only option? Well, apparently not! Sharetribe has its own share of negative aspects that have motivated people to look for Sharetribe alternatives and build thei
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Online Marketplace: A Potent Business Model in Today’s Tech-Driven World

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Over the past few years, significant changes in the entrepreneurial world have led to the establishment of new trading platforms. The supply chain has become much stronger and has simplified the accessibility of products and the purchasing process online. All credits go to the online marketplaces which have paved the way for a new business era. It’s a dream come true for both the buyers and the suppliers where they can exchange their products and most importantly, offer product listings. If you are all set to keep pace with marketing trends and keen to develop an on-demand marketplace to give a response to the user’s demand quickly like that of Airbnb or Uber then integrating a rental marketplace software into your venture can help you take your business to global heights! With the help of powerful rental marketplace software, you can get more traffic to your marketplace, reinforce your ad campaigns, have more sales opportunities and increase digital visibility too!
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