The P2P marketplace revenue totalled US$ 1,078.0 Mn in 2021.
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By 2032, the P2P market is expected to reach US$ 5.1 Bn, exhibiting growth at 15.5% CAGR between 2022 and 2032.
Source: Future Market Insights
Source: Sloboda Studio
The one common strain that gave these top brands the edge is value.
After all, a value-driven product/service is the one-stop formula for customer acquisition, loyalty and retention.
But that’s not all.
There are many other reasons that made them the market leaders.
The stakeholders didn’t want to spend a large amount right at the get go; not before an investor expressed interest to give funds for the project.
They first built a Minimum Viable Product to attract investors.
Once their project was funded and they launched it, they began their marketing efforts in full swing.
This helped them build a network of individuals interested in their offerings.
It propelled the teams’ marketing efforts. This effect appeared due to:
Source: Sloboda Studio
These marketplaces have easy access and a huge variety.
Further, they give the buyers the ability to find unique products or facilities.
And they can purchase these products within and across national boundaries.
Source: Sloboda Studio
Because…
Source: Sloboda Studio
Peer-to-peer marketplaces allow you to make profits without investing anything to create a product.
You don’t have to worry about setting up production or facing any shipping issues. All your efforts are directed only towards launching the P2P app and promoting it.
Our developers take care of adding exceptional features & functionalities to it.
What’s best? You can focus on marketplace improvement while the sums in your bank soar.
On the Demand Side
High-quality product manufacturers make customers turn their heads towards your website.
On the Supply Side
Meanwhile, more sellers keep coming to your marketplace due to an increasing number of potential buyers.
Even if you are not a tech-savvy person, you can delegate or outsource development and testing tasks to a professional team.
The developers at Code Brew Labs go the extra mile to develop an end-to-end solution for your clients.
Give the customers options to:
Thus, based on customer feedback, a P2P business model facilitates product improvement.
Help the users easily login and verify their profiles.
Let sellers list their products, properties, services, courses, etc. with thorough details.
Allow buyers to search for and find specific products, services, properties, and courses, etc.
Help your buyers review the profiles of sellers, educators, property agents, services providers & loan lenders in advance.
Offer your users multiple payment gateway integrations–stripe, PayPal, cards and more.
Set and manage categories & subcategories for the products, services, skills, etc. offered on your app.
View, edit & delete ad posts listed by sellers to keep track of products, services, etc.
Assess, make informed decisions and improve business performance by analyzing comprehensive business reports.
Know the exact values of metrics like CPA, CPC, conversion rate, etc. Get an exact idea of user behavior. Accordingly, target them with your new offerings.
Launch your P2P Marketplace in multiple languages to globally expand your user base.
Allow users to share the listed products/services with friends & family via social networks.
Allow users to select location & view product/service listings in that area.
Seamlessly connect users to sellers, service providers, coaches, etc. in real-time.
Enable your users to track all their payments made/received for products & services purchased or sold on one platform.
Give the users an option to give feedback to the sellers, service provider(s), coaches, etc.
Send real-time notifications to users every time a listed product/service is bought or sold by them.
Help users book a property, service, technician, etc. in advance for a specific time.
But wait. We have a lot more to offer.
Save time and improve your P2P marketplace app’s efficiency.
Get 24×7 platform support by our professionals.
Give your business the flight while staying within the budget.
With in-built advanced features, users get an immersive platform experience.
With the complete ownership of source code & IP rights, make upgrades whenever necessary.
Want to build a feature-loaded & robust P2P marketplace app?
Our developers have over a decade of experience in developing, deploying, and maintaining P2P marketplace apps like Uber, Airbnb, Etsy, and Upwork.
All you have to do is reach out to us. Take our help NOW!
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