Marketplaces, portals, and classifieds platforms. Different terms, but they have similar qualities. Marketplaces make it easy for buyers and sellers to transact regardless of their location. It’s a simple concept, but as platform operators are processing large volumes of transactions globally, things can become more complex.
As you are building a marketplace, it’s important to consider the present and future needs of your business. Platforms are constantly evolving, and as such, you need to choose customizable components that scale as you grow.
Of the numerous marketplace technologies platforms use, it’s important to pay close attention to the details associated with the following 4 core components:
- Shopping cart solutions
- Payment systems
- Engagement platforms
- Recommendation engines
Failing to review component specifications can result in data processing delays, integration glitches, and improperly timed communications. In order to help simplify your marketplace technology stack, we’ve put together this short, yet insightful guide.
Grab your copy of this eBook today and learn how to:
- Avoid the common pitfalls of marketplace technology solutions that lead to failure
- Increase transaction volumes and user satisfaction with relatively simple techniques
- Ensure that your marketplace is able to handle present and future needs