Niche marketplace for NY providers

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Project Background

The marketplace was already operating under different branding and already proved some market traction with rare transactions happening on the platform. The key growth potential was in getting to the platform more clients, as providers were already onboarded and ready to offer their services.

The tricky moment was that we, Corpsoft.io, picked up the project when global lockdown started. So together with the Product Owner we were searching for ways of keeping the platform live, offering services that are good for remote.


Project Description

Properguild is a niche marketplace for NY location, focused on connecting clients with local NY providers who offer a variety of services. Product Owner focused on such service categories as Health&Fitness, Beauty, Coaching, Household and repair, etc. The platform has the following functionality in place (Corpsoft.io contributed in refactoring, improving, and adding more features):

  • Professionals listing;
  • Search of services and providers;
  • Chat;
  • Online consultations;
  • Work/contract request;
  • Payment flow;
  • … and more.


Project Challenges

We were challenged by the following:

  1. Product Owner required not only tech knowledge, but also domain understanding. We addressed this challenge as our team not only built marketplaces before, but also has been acquiring and accumulating insights from learning how other successful marketplace owners (for example, https://kabanchik.ua/) were sharing their knowledge and success recipes.
  2. The system had previously been in hands of 4 different other teams. The contribution was on different tech levels and on a different quality. To ensure the platform is working stable and well we had to study the code base in full, improve it and optimize without interrupting new features development.

Value provided

Corpsoft.io helped expand the platform, do UI redesign and rebranding, optimize SEO and performance metrics, along with adding in new features that bring in added value into the platform offering to its users.


Process of work

We took the Scrumban approach. Scrumban is a framework that combines important features of two popular agile methodologies: Scrum and Kanban. The Scrumban framework merges the structure and predictable routines of Scrum with Kanban’s flexibility to make teams more agile, efficient, and productive. Scrumban involves applying Kanban principles—visualization of workflow, and flexible processes—to a team’s Scrum framework. But, Scrumban removed some of the more rigid aspects of Scrum and left each team to create a custom approach to development.

We had regular calls (twice a week) about progress and product. Our board was based on Trello tool, as this has been a preference of the Product Owner. On a monthly basis we had strategic sessions in order to look at things from a helicopter view and decide and sync on a proper global direction.

Tools used: Trello, Zoom, Slack, Google spreadsheets.



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People Also Ask

What makes a marketplace successful?

A marketplace’s success can be influenced by a wide range of factors. Among the most important factors are:

  1. A large and active user base.
    A marketplace needs to have a large and active user base in order to be successful. This ensures a constant supply of buyers and sellers, and that there is always someone to match up with.
  2. A strong reputation.
    In order to be successful, a marketplace should have a good reputation. This means that it should be known for being trustworthy and providing a positive user experience.
  3. A wide and varied range of items.
    A successful marketplace should always offer a diverse range of items for purchase. This ensures that there is something for everyone and that buyers can find exactly what they are looking for.
  4. A user-friendly interface.
    Marketplace has to have a user-friendly interface. Users will find it easier to navigate and find the information they require as a result of this.
  5. A responsive customer service.
    High-quality customer service is critical for a successful marketplace. This ensures that buyers and sellers can get help when they need it and that problems are resolved as soon as possible.

What is an NFT marketplace development?

NFT marketplace development is the process of creating an online platform where users can buy and sell digital assets using blockchain technology. This type of marketplace can be used to trade a variety of assets, including cryptocurrencies, digital art, and other virtual goods.

How much does it cost to create an NFT marketplace?

The cost to create an NFT marketplace varies depending on the size and complexity of the platform. A simple marketplace can be created for less than $1,000, while a more complex marketplace can cost tens or thousands of dollars to build.

How to create an NFT marketplace?

The process of developing an NFT marketplace will differ depending on the market’s specific needs and requirements. However, there are some general steps that can be taken to establish an NFT marketplace. These steps are as follows:

  1. Define the marketplace’s purpose.
  2. Develop a marketplace platform.
  3. Choose a marketplace model.
  4. Launch the marketplace.

What is a marketplace business?

A marketplace business refers to a company that creates an online platform for connecting buyers and sellers of goods and/or services. Typically, marketplace businesses earn revenue by charging transaction fees to either the buyers or sellers, or both.

How to grow an online marketplace?

There is no surefire solution, but the following are some basic steps:

  1. Develop a platform that is easy to use and offers a positive experience for users.
  2. Determine a certain vertical to concentrate on or a specific segment of the market.
  3. Create a network of reliable vendors who are able to provide a wide range of goods and services.
  4. Drive traffic to your market by using search engine optimization (SEO), social media, and online advertising.

What is a virtual marketplace?

A virtual marketplace is a online space where buyers and sellers can meet and trade goods and services.