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In 2020 customers spent $2.67 trillion (95% of worldwide market sales) on the top 100 online marketplaces. No wonder so many people want to start eCommerce businesses. Let’s take a close look at Wish.com, one of the biggest marketplaces.

This platform is visited by approximately 100 million people monthly and today its revenue is over $2 billion. Wish’s CEO, Peter Szulczewski, made the list of the America’s Richest Entrepreneurs Under 40 in 2016. Pretty good for a company that started as a wish-list matching customers to merchants, isn’t it?

Wish is famous for low prices and aggressive marketing, the tricks to draw more customers, and unique feed algorithms. Do you want to learn how Wish became successful, how it works, and how to make an app similar to Wish? Keep reading and you’ll find out!

According to the Joint Center for Housing Studies of Harvard University, spending on home improvements increased from $406 in 2019, to $433 billion in 2021, even despite the pandemic and economic decline.

With the start of lockdown and most businesses moving to remote work, people started remodeling their homes and gardens to create cosy spaces for work and study. Besides, the money they would normally spend on vacations and going out could now be allocated to home renovation and decoration. Since they couldn’t visit hardware and furniture stores in person, homeowners looked for inspiration and delivery services via the Internet. Not to mention that even before the pandemic the online platforms for home renovation flourished. One of the most popular in this sphere is Houzz. 

If you are interested in using the Houzz business model to create a similar app for another niche or a country where Houzz is not present, this article is a perfect guideline for you. Ready to jump in?

Combating depression, making basic diagnoses, supervising surgical operations — how else will healthcare chatbots help physicians in the future?

Today, chatbots have become the first contact point for patients. They gather symptoms, identify at-risk patients, answer administrative questions, and schedule appointments. 

Hospitals, private medical practices, dental clinics, mental health clinics, and pharmacies can increase revenue and decrease workload by adding a medical chatbot to their website, app, or messenger. 

In this article, we’ll examine the use of chatbots by hospitals and clinics and other healthcare providers. Let’s dive in!

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!