Online shopping is becoming more popular by the year, and we come across changes in ways that companies engage with their consumers and tap the untapped market potential.
Classified websites have revolutionized the way sellers sell their goods. It’s a great change over visiting a newspaper agency for giving an ad. Sales can often be made in 3 simple steps online. Using apps such as OLX, sellers can comfortably list their products and services, and sell them at the best prices. Investors, startups, and entrepreneurs frequently attempt to make a business model similar to OLX.
The OLX business model
When you create classified website, you’d have some choices for the business model you’d want to go ahead with. Numerous businesses create classified ads website in such a way that they act as an affiliate for their seller’s product and cut their commission from listings or sales.
If we consider the OLX business model, it’s different. They primarily earn their revenue from Google AdSense monetizing, sponsored links, Google custom search engine, and featured posts. When you consider how to make classified website, certain best practices should be kept in mind. To find success when you build classified website, your website should be oriented towards the end-user.
Features of classified website similar to OLX
When you create a classified website similar to OLX, it should have a range of smart features that make it easier to use for the buyer, seller, and admin (owner). Admin panel and user panel are two prime areas of attention.
The user panel should have features for login/register, profile verification, populating products for sale, along with product classifications and details. They should include search functionalities for browsing products by category, and a personalized display for relevant product suggestions. Sellers should be able to add account information and apply coupon codes, while buyers should be able to browse seller profiles and share feedback in form of reviews and ratings.
Admin panel should similarly make features available for customer profile verification and managing users and rewards. It should enable easy integration for CRM and payment gateways. Reporting and analytics bring value to business decisions.
Buyers should be able to identify certified sellers and their geo-location. A multilingual store gives access to customers from across the world.
Professionals are better placed to create winning classified website
When you consider how to create a classified website, a professional classified ads website builder such as Cyblance will deliver the best results. With our in-depth know-how, we will add in the prime features needed by your classified website, and also use the best suited classified website builder, such as WordPress or Shopify based upon your unique requirements.
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