Start your hyperlocal business with very low investment

Build your own local marketplace with very low investment with Nearby Shops

8th Apr 2019
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Photo by nrd / Unsplash



If you're an entrepreneur or a wannabe entrepreneur you will learn here how to start your own hyperlocal e-commerce business with very low investment. First we need to learn more about the concept of local marketplace ... so let's talk about it ...


What is a local marketplace ?

There are so many good options for shopping today. Amazon and flipkart are wonderful marketplaces. But there are very few marketplace's that are focussed on shopping locally - that means buying from shops which are physically nearer to you.



Photo by Dan Freeman / Unsplash


Local shopping is a very interesting concept because shops which are near to you can deliver you faster and customers can approach them and meet them physically also if they want. It builds more trust. And trust wins customers. Which can save your marketing budget.


Local shopping and hyperlocal is an emerging concept in e-commerce that still has so much scope and growth potential. It is one of the few areas where there is no saturation in market because there are still not many good services in the market. 


Hyperlocal e-commerce can even surpass conventional e-commerce because its more cost-efficient and simple compared to conventional e-commerce.


As an entrepreneur you don't have to invest your money in building your delivery infrastructure and therefore you can launch your hyperlocal business with very low investment.



How to build your local marketplace ?


To build your hyperlocal startup you need to build your own product or use an already existing product. Just like you can use wordpress to build your own website there are products in the market which can help you build your own local marketplace. Good thing is they are fully open source and you don't need to buy or even pay a license fee to use them and there is no vendor-lock in.


Nearby Shops is one such software product... it helps entrepreneurs start and launch their own hyperlocal business especially those entrepreneurs who don't have lot to of money to invest.


Nearby Shops is Nonprofit Initiative where our objective is to help the entrepreneurs and we are

primarily funded by donations. We don't charge a license fee for our products.


Open Source software protects you from vendor-lock in. When you're locked in to a proprietary product. You cannot approach a third party service provider to ask for support. You are entirely dependent on a particular vendor. Who can potentially manipulate you and take advantage of your venerability.


When you are running your business on open-source software. You have the freedom and flexibility to adapt, modify and ask for support from any person. This ensures that you get all the support at a fair price and your operating cost is low.



Nearby Shops - Open Source local Marketplace

With Nearby Shops you dont have to invest a lot of time and money in building your local marketplace. You just choose your brand name and customize the app and get your app ready for launch in just few hours !


To know more please visit : http://nearbyshops.org

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