Many experts are cracking their heads wondering how letgo clone makes money if they don't take commissions from their users. Another interesting fact is that they don’t even force their users to transact money using the letgo clone. See what a nutshell it is?
When Letgo follows none of the direct money-making factors, what made it beat eBay's business and earn a net worth of $300 million dollars?
Sounds crazy right? The real nutcracker is the blog. Check it out before its too late!
1. 7 Ingenious Ways To Earn More With Letgo
Clone
Online classifieds are considered to be the future best e-commerce marketplace for
online shopping. So any for it will have a huge traffic on it. Bringing in the traffic
was the arduous task but with the demand for it, will get good user count. Then the
very next thing is the ways to generate revenue. With proven traffic, you can fancy
the chance of making a good profit.
So let us see, 7 ingenious ways to generate revenue with letgo clone.
1.Membership plans
You can charge some amount to the users for posting an ad. This amount can be
charged for some limited period like for monthly, 6 months or for a year.
2. This is the ideal way to generate the recurring revenue. And you can make it
flexible as mentioned above and also can mention the limits per package.
2. Freemium option
Users can just sign in and post an ad for free of cost. In case if a user needs to sell
his product urgently then you can charge a fee for it and can promote his ad.
The benefit here is you don't need to push the users. If they want their ad to stand
out then they will opt for this payment method else they can continue on the usual
way.
3. Premium Ads
Numerous products are posted by multiple users each day. But many visitors
hardly look after the first few pages. So for users to bring their ad on the first
search result page you charge some amount.
So through this, a user can bring his ad to the first page to garner more views.
4. Ad banners
You can integrate the Google Adsense. And the users can make use of it to post
their ads on the Ad banners under relevant category pages. You charge a fee for it
depending upon the duration of the ad.
5. Pay per lead
Some service based companies may post the ad for generating quality leads using
this platform. So if any user fills the contact form and contacts the seller you can
charge a fee as commission.
3. 6. Affiliate model
If you have got a good traffic on your website then you can provide a platform for
other business like you to use your platform. And if sold from your site then you
can charge a fee for it.
7. Commission based
For free users, if they make a sale using your platform then you charge a fee as
commission. So for every sale made using your platform you will get some amount
as commission from the sellers.
Wrapping it up
So these are some effective monetization models you can have for revenue
generation on online classifieds business. The reason I listed all these is you can
combine and have multiple models at the same time to see effective returns.
But before all that you will need to have an attractive and advanced feature rich
classifieds platform for your business to bring you a good revenue. So for it
Appkodes Joysale a letgo clone will be your best choice.