Multiply was first known as a networking site. But when you browse the internet and visit the website of multiply, you will be surprised that it is now a an eCommerce site. Actually, Multiply now has become one of the largest eCommerce sites in the Philippines and not just that the Multiply Marketplace is one of the world’s largest online shopping malls.
Multiply offers 83,000 shops from Filipino merchants making it the widest online shopping site in the country. Multiply was able to device a platform which is much more secure than any other eCommerce platform in the Philippines. Multiply Marketplace allows the user to see virtual shopping place where online gadget shops and boutiques can be found and another great feature of Multiply marketplace is that it offers eCommerce marketing tools for newbies and aspiring online entrepreneurs.
Multiply is indeed a successful eCommerce site and their business model is really effective. Multiply started as a networking site and the fact that many people are visiting the site makes them popular and introducing new services is very easy. The Multiply Philippines CEO Jack Madrid said, “Much like any other business, it is crucial to determine what your unique selling proposition is. The growth of Multiply as a digital shopping network was rather organic, with netizens (Internet Citizens) first seeing its potential as a business platform”.
Why Venture in Multiply?
Multiply features a marketplace where both merchants and shoppers will benefit. Shoppers will be provided of the listings of products available so that they have lots of options to have and they will find easily what they are looking for. Multiply eCommerce platform was designed to help small businesses to have an opportunity to promote and sell their products in a larger market.
Multiply Marketplace is ideal for people who wants to shop yet do not have the time to go to malls. In Multiply Marketplace, shops are available online, from RTW’s to gadgets, fashion and even foods are even available. The features of multiply Marketplace include Shopping Cart, Buyer Protection, Product Listings, Stock Room, safe and secure Payment System.
Merchants and shoppers has nothing to worry about the security of their accounts for Multiply has developed a secure and safe payment system. Another feature that will definitely help the sellers is the ‘Buyer Protection Program‘ that ensures a safe transaction.
The ‘Shopping Cart‘ feature of Multiply allows the shoppers to buy several items in a single shopping. Because of this feature, the shoppers need not to pay every shop where they purchase but instead when they finished shopping, they could pay all- at- once in just a single click.
Through Product Listings, sellers can categorize and sort their products rather than having a photo album where they could share their wares. Stock Room on the other hand is the feature that has a dashboard which allows the merchants to manage their business. The Stock Room allows the merchant to monitor, sales and orders, manage inventory and update the listings of products.
Multiply is continuing on developing new strategies and business model to improve the services they are offering. From time to time, they are constantly changing and evolving to meet the demand of its users. If you are planning to put up an online business, why not establish it at Multiply and let them help you grow.