Money Maker: Online Marketplace at its Easiest

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					Money Maker: Online Marketplace at its
Easiest
It is a trend today to buy and sell goods and services online. With cyber laws in place, it is safe to
trade online. The payment gateway security is high so there is no reason to fear. This has lead to
a lot of trading both locally and globally. E-commerce has made it possible for many small
businesses to compete with the giant players. Remember, cyber market does not require any
physical space and you can operate your business from the premises of your home.

What is an Online Market?

You can define an online market as an arena where you can purchase and sell goods and services
through third party websites. Third party websites function as a marketplace, allowing the
websites to monitor the transactions at both ends. For instance, there are various online job sites
for freelancers where he/she can bid for projects online. These sites keep a check on the bidders
and the auctioneer’s transaction history. Both bidders and auctioneers can rate their experience.
This has made it easier to find out any type of Internet frauds.

Tips to Build an Internet Shopping Mall

Building an online market to sell products and services is an easy job. Once you have decided on
the type of online marketplace, you will either need a web designer to design your website or
create the site on your own. Remember, whether you want to specialize in a certain kind of
product/service or create multiple products and services, the process is all the same.

Domain Name – Once you have decided on your domain name, visit a website that sells
domains and check to see if your chosen domain is available or not. Always give a name that
suits the products and services that you are dealing with. Apptivo allows you to purchase
domains through its Domains App.

Hosting – It is better to host your Internet shopping mall either on your own servers or you can
approach a hosting company such as Apptivo to help you host your online market. Many reputed
hosting firms ensure custom made store package to suit the size of your online shop and some
may even provide add-on services such as SEO, marketing tools and so on.

Payment Gateway – Now it is time to create payment and shipment options. Host providers will
happily assist you in this process because they have modules that can be custom configured to
online payment gateways such as Paypal.




© 2011 Apptivo Inc. All rights reserved.
Is it Necessary to Market your Online Marketplace?

Of course it is necessary to market your online shopping mall whether; it is small, medium or
big. You are probably limiting the growth of your online business if you are not tapping into the
unlimited potential of the Internet. It is necessary to tell your friends, relatives and acquaintances
about your online market. You should use social media sites such as Twitter, LinkedIn and
Facebook to an extent. However, there are other things that you need to keep in mind if you want
your online market to succeed.

       Value your target market – If you want your online business to defy conventional wisdom, you
       must make yourself look like a professional marketer. Keep in mind that people do not care
       about your business opportunity. Here you should value your target audience by providing them
       the goods/services of what they want.

       Relationship Building – You must be aware that your online market is visible around the globe
       and you may have to cater to the international crowd also. For you to sell your
       products/services, you need to establish a good relationship where your customers trust you
       and comeback to your online mall. Therefore, give importance to relationship and trust building.

       Avoid Sales Pitch – Trying to sell your services and goods before you establish a trust can
       sometimes backfire. Therefore, once you have the required relationship with your prospects
       selling products and offering services to them would be easier and will not look like a sales pitch.

If you are keen on building an online marketplace, Apptivo can help you manage your products
and services. These are some of the points that I wanted to share with you regarding the building
of an online market place. Now it is your turn to share some of your points on how to build an
online market.




-Maya Pillai is passionate about helping small businesses and professionals. She is a blogger for
Apptivo's Small Business University .




© 2011 Apptivo Inc. All rights reserved.

				
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Description: It is a trend today to buy and sell goods and services online. With cyber laws in place, it is safe to trade online. The payment gateway security is high so there is no reason to fear. This has lead to a lot of trading both locally and globally. E-commerce has made it possible for many small businesses to compete with the giant players. Remember, cyber market does not require any physical space and you can operate your business from the premises of your home.