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Do you know that you can cut 30% of your customer support expenses by adding a chatbot on your online platform? Chatbots are able to answer up to 80% of customers’ questions, navigate users through the site, collect important customer information, and even complete transactions.

Today, a great variety of chatbot vendors promise simple drag-and-drop chatbot creation almost for free. So why do many businesses prefer to build their chatbot from scratch?

In this article, you’ll learn when you should build a chatbot from the ground up and when you should go with an off-the-shelf solution.

We’ll also guide you through the development steps so that you can weigh all pros and cons and make an informed decision on how to make a chatbot. We’ll tell you about features, costs, and different developmental approaches. But first, let’s talk about chatbots applying in business.

There are more than 10,000 online platforms in the EU, 90% of which are small or medium size. These platforms experience tough competition and are forced to play by the rules imposed on them by large marketplaces.

On December 15, 2020, the European Commission introduced a new step in creating a safe and fair digital environment. The new rules are described in the Digital Services Act (DSA) and Digital Markets Act (DMA).

These acts mean a shake-up for the whole eCommerce industry which involves marketplaces and web applications. Those who do not comply with the new rules risk losing up to 10% of their annual revenue in fines; they might even be banned. At the same time, the new regulations give a boost to small businesses and startups who have not been able to compete with the industry gatekeepers.

What should business owners and startups get ready for? How to update your platform in accordance with new rules? Let’s find out!

52% of overall global retail sales belong to online marketplaces. With an average commission of 11% being taken from each transaction, it is not difficult to imagine the magnitude of the profit from such platforms.

In fact, out of 100 online marketplaces that were surveyed in the US, 63% generate $50 million annually and the other 37% generate more than $100 million. At the same time, there are almost no expenses for manufacturing, warehouses, and equipment. eCommerce gives anyone the chance to start a profitable business with minimal investment.

On this page, you’ll find all you need to know about building a marketplace — from idea to project launch. Let’s get it started!

According to the Direct Selling Association, 91% of Gen Zers and 88% of Millennials are interested in flexible entrepreneurial opportunities. In addition, 79% of young people have a favorable attitude toward Multi-Level Marketing while 89% consider the gig economy an option.

MLM business is not as simple as it may seem. In addition to independent sales, there are complex ordering and commission calculations. To manage all the MLM business processes, companies and sales representatives need electronic tools that handle most of the routine functions.

Creating MLM software for your company can be a good long-term investment. If you wonder how to build your own MLM website, dive in to know all the nuances of its development!

The global business-to-business eCommerce market is predicted to reach nearly $21 trillion by 2027.

Even though business-to-business platforms are less advanced than business-to-customer platforms, in 2019, the value of the B2B market was 6 times greater than the B2C market.

Alibaba and Amazon remain the world’s leaders, but new players also find ways to claim competitive positions. Only a few years ago, there were 20 marketplaces in Europe; now there are more than 300. New B2B platforms focus on narrow niches and provide an excellent user experience.

If you are someone who sees promise in B2B portal development, this article is for you! We’ll cover all aspects of how to build a B2B eCommerce marketplace. Read on!

Yearly, $17.2 billion are raised through crowdfunding in North America alone. And the whole crowdfunding industry is predicted to reach $300 billion by 2030.

Despite tough competition with Kickstarter, Indiegogo, Patreon, and niche platforms, there are still untapped areas for new players. Moreover, while most of the economic spheres suffered during the outbreak of COVID-19, crowdfunding platforms, on the contrary, shined with donations that help people and organizations fight the pandemic and crisis.

How to start a crowdfunding website? Below we’ll talk about business opportunities, cover the technical aspects of development, and discuss possible challenges. Read on!

Almost half of Americans owe money. 60% of them borrow from banks, 30% from сredit unions, and 24% from online lenders. However, the situation with COVID-19 and social distancing may reverse the numbers in favor of lending platforms that provide credit quicker and easier and without face to face interaction.

It is forecasted by Statista that by 2025 the value of the global P2P lending market will reach one trillion U.S. dollars. Looks like a promising area, doesn’t it?

So, how to start a peer-to-peer lending platform of your own? Let’s talk about it below.

There are around 7 million families with children under the age of five in the U.S. 48% of them spend more than $1,000 per year on babysitting.

“If you had to choose between your favorite restaurant and your favorite sitter, what would it be?” — UrbanSitter asked their audience in a survey.

Can you guess how many people chose sitters? Write your choice and check it at the end of the article.

Anyway, here we want to talk about the business and technical parts of babysitter website creation. How to create a babysitting website and make it profitable? What challenges can a startup bump into, and how to overcome them? Let’s find out inside!

Hurray!.. We made it to the List!

We just won a Clutch Leader Award for our performance, ranking us among the very best developers in Ukraine!

Clutch is a leading B2B ratings platform that tasks its managers with conducting detailed, case study-like interviews with current and former companies’ clients to create definitive reviews of their services.

We thank our clients for finding the time to give fair and detailed feedback about our services! Check details of the award inside!