Ripul ChhabraConceptualize idea into Maximum Value Product
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A successful entrepreneur with over 15 years of IT experiences in building websites, web applications and mobile apps for top-tier companies as well as startups. I have worked for Fortune top 500 companies. I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. My expertise is in creating the marketplace, learning management system (LMS), directory, eCommerce stores, booking portals, and other applications using WordPress, PHP, Java, and mobile apps. I can help with the conceptualization of your idea into a working Maximum Value Product.



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The online marketplace can be broadly classified into 3 categories on the basis of target audience:

Business to Business (B2B)
Business to Customer (B2C)
Customer to Customer (C2C)

Business to Business (B2B)

It is a type of online marketplace which acts as a mediator between the seller and the buyer, where the trade of products and services takes place in large quantity.
This kind of marketplace requires a lot of investment and consistency, and is hard to establish initially. But once it is established it becomes very profitable and builds up wide range of customers. B2B marketplace is a preferable choice for most of the sellers as:

They are not required to make their own ecommerce trading website.
It provides wide range of customers.
It is quick and efficient.
It does not require much investment.

Being a mediator, B2B marketplace has different business strategies and set of terms and conditions for its sellers and buyers.

Based on Commission

It is used most frequently, as the big industries can easily adopt this method and sell their products by giving some percentage of commission to the mediating platform for providing the customers. Some of the examples are Alibaba, freelancer etc

Based on Subscription

Subscription based method is usually opted by companies who already have customers and buying subscription won’t be much big of an investment. For example, fashion brands etc.

Based on Listing Fees

Marketplaces like Etsy take fee for listing the products and add additional commission charger to every purchase made.

Business to Customer (B2C)

It is another kind of marketplace where the business industries do not sell their products or services to another business industry but to the customer directly. This kind of marketplace is most popular these days as it helps direct interaction with the customer. For example, AliExpress and makemytrip.

Just like the B2B marketplace B2C also have different types of business strategies and set of terms and conditions.

Based on Commission

B2C marketplace requires the provider and receiver of the service to pay an amount of commission for the delivering and mediating the service or products. Travel sites like travelyaari, makemytrip, red bus widely use this method.

Based on Subscription

Unlike B2B marketplace, B2C marketplace requires only the seller to pay for the subscription and not the buyer. For example, eBay.

Based on Listing Fees

Along with the commission, there are some sites like Etsy which also charge listing fees of about $0.20 for premium listing etc.

Customer to Customer (C2C)

C2C marketplace is the most convenient form of marketplace as it allows people with same interest to share the products and services. Peers can share their services or products they want to offer to people who wish to take those services. It is a very organic way of reducing unemployment as it provides a platform to all range of service providers. A buyer can be a seller tomorrow with no bars. For example, Uber.

Unlike B2B and B2C marketplace, C2C marketplace has different business strategies and terms and conditions.

Paid Promotions

The service provider can promote its product or services by paying some amount to the marketplace, in order to standout. It helps them attract customers and build up their business. Paid Promotions can be further divided into 3 parts.

Sponsored Vendor profiles
Featured Products and Services
Promoted Products in cart/at checkout

Advertisement

Another method is promotion of the product or services by the third party through advertisement. Advertising methods can be further divided into 3 parts.

Cost per Impression
Cost per Click or Pay per Click
Cost per Period

With the emerging trend of virtual marketplace, there is increase in competition which has open doors for opportunities for so many entrepreneurs and businesses. Therefore, it is very important to know your space of strengths.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


It virtually depends on how quickly you want them and what skillset/enjoy you really need with a limited budget. I’d break up the approach into three areas:

A wild hunt:
With the aid of wild hunt, I imply browsing websites and attending activities in-person were the product designers generally tend to acquire. Examples of those are dribble, quora, twitter, Instagram, etc. Activities: local UX meetups (can locate on meetup. Com) and so forth. But this option is very risky as you will want to allocate a massive quantity of time and it’s now not a given that you’ll find what you’re searching out.

Strategic, yet manual targeting:
For this, I’d propose using LinkedIn search. You’ll be capable of filter out candidates by way of skillset, location, present-day employment reputation, and so on. Just like with the wild hunt choice - it’s volatile, time-ingesting and it’s not a given which you’ll discover what you’re seeking out.

Delegation of the above:
The likely only way could be to apply a hiring agency, that does all the above + uses it’s existing community and talent pool. The caveat right here is that it’s costly.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


Your business desires/dreams, resources, segmentation will decide the platform you want to be into your brand and how you may engage along with your customers to force the most engagement for what you need to do.

In case your brand is a high strength drink with a ton of rich video content material advertising to teenagers, video primarily based networks including the vine, twitch, youtube, etc.. Are your fine guess for growth and engagement.

In case you are a popular b2c business that has a product where human beings usually need help, then a customer service revel in thru twitter or Facebook might be the quality bet for growth but now not long term engagement.

So there is no blanket solution here because there are such a lot of variables right here.

You also want to remember the fact that audience size is a fairly nugatory idea in social media. The analogy I love to use is: you can have 1,000,000 folks that like your Facebook web page however if nobody is converting and using sales or enticing along with your content then those million likes are not well worth something. You need to search for the possibilities wherein you'll be capable of continually interact with your target market over the long haul to build community, loyalty, and actions and that is dependent on the variables noted above.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


There are multiple factors that have to be considered whilst one is looking for start-up seed funding. These encompass, however, are not limited to:
Scope with problem/market opportunity you are attempting to clear up.
Team length & composition (very imp)
The country where the task is based totally
Whether the challenge is tech, non-tech, social, and so on
Are your product (at least MVP) and/or service is prepared
Whether or not you have got large consumer boom/signups (for cell, internet apps) or patron signups (paid, loose, freemium, and so forth)
Zone particular trouble (e. G. Long damage even for training related ventures in India etc).

Retaining this kind of & greater factors in mine, right here are my insights on start-up seed investment:
During the last 6-7 years as an Indian entrepreneur, I've observed that buyers fund startups in the majority of the cases when all 4 of them beneath mentioned matters are in the region:
1. MVP ready- geared up app / portal / platform / prototype etc.
2. Product marketplace suit- already paying clients for solving a massive pain point or offering a large comfort.
3. Traction in the area – qtr on qtr excessive increase in customers, clients, sales at least for min 6 months & preferably 12-24 months. 4. Geared up group- single founders/spouse groups and many others. Are rarely funded by VCs. Your team needs to be in the vicinity earlier than you method VCs.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


Here are a number of the strategies that you want to comply with to discern out on how you could raise funds in your business startup:

Create an in-depth business plan
Are seeking for help from buddies and family
Discover an internet organization like us commercial enterprise funding
Mission capitalists: you could also cozy price range from project capitalists
Crowdfunding: Begin a crowdfunding marketing campaign on a crowdfunding platform like Kickstarter or Indiegogo, which are the most popular platforms for elevating funds for any kind of challenge that you'll be having.

You need to analyze where capacity backers are striking out the maximum, is it Kickstarter or Indiegogo? From a standard angle, Kickstarter gets 30million hits a month in comparison to nine million on Indiegogo.

This text has greater statistics on the selection of platforms Kickstarter vs Indiegogo

In recent times you'll find digital advertising companies that provide you crowdfunding advertising and marketing service and assist you with promoting campaigns to reach your investment goals.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


We know pretty well that at the start of the lockdown, the demand for gymnasium devices went so high that agencies quickly had to dig deeper into their shares. That is clear evidence that human beings were brief to recognize that lockdown could be the new norm and it could take a while for gyms to reopen. That’s why ordering equipment to live match changed into an honest selection for the plenty. But that demand is a long way from fulfilled and that serves as a great possibility for gyms and health studios. – by way of renting out their gadget, gyms can create an inflow of capital at a time after they’re unable to feed their clients.
Business Model Of Gym Equipment Rental Marketplace
A web health club equipment condo market is especially composed of gym proprietors and to a lesser degree those who own an array of gadgets that may be rented out to earn more income.
Customers on the market can view the listings based on their region and pick out the system they’d want to lease. As soon as a request is positioned, the system owner desires to approve it. Upon approval, the condo money(after adjusting the fee expenses) is transferred to the owner’s account.
Even as putting a request, the client receives a choice to pick the shipping method – self pick up or doorstep delivery. To guarantee a secure return, a protection deposit is likewise deducted, which stays locked in the admin’s account. This layer is completely refunded once the device is back effectively and on time to the proprietor.
Also, you need to just check these features before launching your Online gym and Fitness Gear Rental Marketplace.
Outlook Features:
The best rental market place contains Professional look and attractive web pages.
The modules of the website are easily and quickly understandable by both hosts and guests.
You should check the visitors choice and feedback of the visitors
You can also keen the ratings of that Software efficiency and modularity
You can also analyze just by typing the name of the website and show the priorities of the website.
You should also view the social media talkies’ comments and responses of the various businessmen and search the google AdWords of the website.
Simply you should check their mission and vision of the website, how they are approaching, and delivering satisfaction to the customers.
Content is the main role of a marketing place. You should review valid content and additional features of the website.
Interior Features:
This is quite important for analyzing internal blocks on the website. You should verify from the top to the bottom of the website.
The script is important for handling the features of the website.
So you should know about the language features, platform, and database of the script of the website.
Besides that, you need to be sure about if the existing script is adapted for making the new changes of the script according to the user or the guest’s desire.
Whether it should be comfortable and customized features and have unique characteristics among all over the script.
It should overcome the existing features and drawbacks of the script with advanced and highly enriched features.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


Here is some step, by following these steps u can easily measure the website traffic.
Step 1:
Sign up for a website traffic-measuring service. Google Analytics is a popular free service that tracks and measures a website's performance in traffic.
Step 2:
Add the service's tracking code to your webpages. Your traffic-measuring service may provide code for you to copy and paste into the code of your webpages.
Log in to your account if necessary. Follow the service's instructions to find your tracking code, which may be located through your account profile.
If you used a template to build your site, you may only need to paste the tracking code 1 time into the template's file to apply the code to all your webpages.
Try adding the code right before the closing "head" tag, marked by a slash (/) before the word "head." You may need to add the code just before the closing "body" tag of a web page's HTML code instead.
Check that you added all of the tracking code correctly to your webpage(s).
Step 3:
Look at a report(s) for your website's traffic. The report(s) may be known as website metrics report(s). You may need to wait a day or so for the code to gather data for the report(s) from tracking those who visit your site and their associated information and activity on your site.
Log into your tracking service's account if necessary. Access your report(s) as directed by the service website.
Examine the statistics that your report(s) measure. These may include the number of unique visitors you have had, what links your site's visitors clicked on, and what page they landed on from a search engine.
Step 4:
Use a website traffic counter as an alternative. A website traffic-measuring site such as StatCounter may offer a counter for people to display on their sites.
Register for an account at the counter's website if necessary.
Copy and paste code for the counter in the website's code.
If offered, choose which statistic to display in your counter. Examples could be the number of times the counter's webpage is viewed (page load or page views) or how many unique visitors your site is receiving.
Customize your counter if applicable. You may be able to choose how many digits your counter can show, what color or font the counter is displayed in, etc.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


I believe that the CAC (customer acquisition cost) is not a relevant measure for a marketplace. It is relevant for a recurring-payment SaaS product.

I suggest finding a more meaningful measure for a marketplace, e.g. Cost per Sale in Marketplace (CSM?).

Then you can measure the average sale price in the marketplace, the average commission your business takes, and go from there estimating the required cost per sale in the marketplace to make it worthwhile.

For example, if your sales transaction price in the marketplace averages to $100, and you take $5, you need to make sure that the cost of making that happen is not more than $5 (and preferably much less).

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


All of us need to remember the fact that producing new ideas is not the same as copying what a person else is doing available. The spirit of a real entrepreneur lies in doing that component which different people wouldn't do. The factor I am looking to make is which you want to be in the correct mind-set to generate ideas. You need to be in that sector and reflect on consideration of all sorts of stuff.

Keeping that during thoughts, right here are the books I suggest which you read, so you'll make your mind bigger inside the discipline of commercial enterprise and entrepreneurship, and generate your personal ideas.

1. Zero to one ( By means of Peter Thiel ) -
That is one of the quality business books available, and it's not your regular "how-to" guide. It makes you observed, it makes you wonder, it makes you generate ideas, and it makes you want to trade the world.

2. Steve Jobs ( With the aid of Walter Isaacson ) -
This ebook practically set the entrepreneurial route for me. It was given to me in that sector. It made me think about the entirety I was doing as someone, for humanity. It made me want to pressure exchange in people's lives. Here, you will find out how Steve operated and that'll optimistically help you come up with large ideas.

3. Rework ( through Jason Fried and David Hansson ) -
This is a fairly unconventional book that helped me get through my maximum pressured times as an entrepreneur. It made me pivot and it made me pivot a few greater until I stored producing new ideas and iterations.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


To start with, you’d want an advent to at least one VC, so the place to begin is to visit a startup occasion and pitch within the layout above. Why? Because you need to hook the VC inside the first five seconds to a minute. You start with how big the industry is, what your competitor did, and what your organization is, and what is your progress up to now.

You want to have a business plan written up, and built equipped to your first assembly. You furthermore might want to have as a great deal of fact about the industry as huge and equipped for answering. You want to recognize a whole lot of approximately your business to reply to these questions.

How can you make cash?
How will you marketplace this product?
How will you scale this business?
What's your electricity?
What makes you “distinct”?
How tons of money have you invested up to now?
What’s your exit? Ipo or acquisition?
When are we going to get our money lower back? That is usually replied with the above “what’s your go out method?” but on the alternative side is: if I invest nowadays, when are you going to be profitable? What is your “visit” like? That is normally beneath advertising, but some groups have a “go-to.” As an instance, for apps, it’s funneling marketing to an app store.

I can pass on and on about this, but you get the gist of it.

Bloodless calls are great, simply that it is tougher to convince traders or VC's this way. Trust me, I would recognize.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


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