The secret of any business’s success is their in-depth understanding of the market and the best way to gain that is by analyzing your competitors.
To come up with a viral online marketplace service like OLX, you need to understand how and why OLX and other such products surviving and thriving.
OLX Group is a popular online marketplace that operates on a global level. Based in Amsterdam, it is owned and run by Naspers- a famous media and technology group of South Africa. Set up in 2005, OLX has grown significantly over the years and it now operates in 150 countries including India. It can be used through its website, Android app or iOS app. The site has a user-friendly UI and that has led to its massive popularity as well.
OLX has evolved into a much-used online marketplace known for amazing simplicity and versatility. It can be described as a web-based platform where the users can buy and sell myriads of products, easily and at their convenience. These include cars, gadgets, Properties, furniture, household goods, and more. You can also sell your pets, and search for various kinds of jobs using the portal.
OLX is a classified online marketplace that has garnered a huge user base in a little more than a ecade.
However, it does not hurt to know about a few alternatives as well. After all, a careful competitor analysis may help you come up with a better product.
Listed below are few such alternative online classified marketplaces like OLX:
So before you get into the development of your online sell and buy marketplace, it is advised to take acknowledge of these products and study how and why could they thrived well in the market.
Your product is going to be a free online classified service using which people can buy and sell a lot of things in a smooth manner. It should be made available as a website and there should be dedicated mobile apps too. A lot can be done using this versatile classified service like:
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For the people, thinking to launch a full-featured marketplace for buying and selling things, our team can serve as a perfect consulting and development aid. To know more and discuss your requirements, you can reach out to us.