Sharing Economy- A Boon for the Businesses Today

Event Details

Sharing Economy- A Boon for the Businesses Today

Time: July 24, 2018 at 6pm to August 22, 2018 at 7pm
Location: Canada
Event Type: marketplace
Organized By: Billy Flores
Latest Activity: Jul 24, 2018

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Event Description

With the constant evolutions in the business and the technology, there is an invention of the new concept called Sharing economy or the Peer to Peer marketplace. Peer to Peer marketplace is an online procedure that offers its people with an exclusive facility for sharing their products with the customers through software called peer to peer website software.

Create an online marketplace has been booming and producing a lot of bigger revenues that is not only profiting the business but are set up at lower investment amounts. Thus, it is benefiting the start-up businesses, on the whole, giving them the most at the cost-minimal to low investments. The main reason these are on rising is due to the business owner who wants to borrow money from an alternative options other the banks, making them easy to sell their products and services on the market.

Basically, it is a process where the buying and selling occur on the single platform. The business rents their products to the consumers on the basis of the nominal fees, for a time-period or for life. Whatever, the time duration it gives rise to the sharing economy, thus, cutting the profits gained by the third party. As the transaction is directly between the consumer and the buyer, the transaction cost and its hidden taxes are canceled out, saving the customers and sellers. This not only increases productivity but also increases the buyer's profit margins. The conventional marketplace used to work on a principle that, the third party used to eat the rights of the buyers or the customers.

It has a multitude of advantages, the prominent ones among them being-
1. Easy to set up.
2. Increased Productivity
3. No hidden cost or cost deductions
4. Greater Party
5. Low to minimal Investment.

IdyaFlow is a renowned firm that works on the principle of fostering successful service marketplace software. Thus, promoting the owners to enhance their business and increase their productivity. They work with a principle to provide a platform that is more of community-centric rather than product-centric. Thus, such a platform allows the business to reuse its resources and assets effectively in an efficient manner. It works to offers the real-time connection between buyers and suppliers, therefore increasing the business process with them being in near vicinity to its customers. It offers the business with the option of creating the peer to peer website software, online marketplace software thus, providing a sharing platform which is simple, secure and responsive.

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