Small setup costs
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shop on virtual marketplace
Hyper local marketplace
Innovation in e-commerce using hyperlocal marketplace
Hyperlocal Marketplace eCommerce ecosystem are Deliveroo, zomato, Ola.
Serving people round the clock as per local area demand. No product on its own but to cater the demand giving new vendors the opportunity to grow. Merchant can restrict their service area to a particular geographical region. As the hyperlocal ecosystem is based on the ‘near me’ concept, this makes the delivery of services/goods in a very short span of time.
Innovative technique of Hyperlocal marketplace mobile app uses the geo location detector for detecting the current location of the customer plus scans the nearest registered local supermarkets, grocery, resturant, taxi, pet, cleaning, electronics, fashion, pharmacy). Making the services a faster solution in terms of delivery
How Hyperlocal Marketplace Is Adding Value To The ECommerce Ecosystem
Hyperlocal marketplace is shaping another dimension in the eCommerce world which is not only beneficial for the admin or the vendors but also for the customer. There is a pile of reasons why merchants are coming up with the idea of building a hyperlocal marketplace or looking forward to converting their on-going multi-vendor marketplace into a hyperlocal one.
Hyperlocal marketplace, the admin is not required to invest in respect to inventory or warehouse management. As the stocks/products/services are provided by the nearest registered local supermarkets, grocery, resturant, taxi, pet, cleaning, electronics, fashion, pharmacy products are only added to the admin’s store. Order management is also completely on the local vendors. Moreover, the delivery area is local which makes shipment is made by parent company itself (sending staff to buy products and also deliver at their doorstep in hourly basis.