Hyperlocal eCommerce businesses are becoming more favourable than other eCommerce business models. This is because,
- It supports the local vendors by providing them eCommerce business exposure
- It focuses on rocket-speed delivery of the products
Everything you need to know about the Hyperlocal Ecommerce Business:
1. The grocery hyperlocal marketplace caters to the needs of a limited geographical area.
2. The grocery retailers who registered themselves on the hyperlocal grocery marketplace have a larger extent of proximity to the customer (delivery is done within an hour or two).
3. Instacart is one of the brightest examples of Hyperlocal grocery delivery business.
Growcer — A grocery software developed by FATbit Technologies is providing both, a ready-to-launch website and mobile apps for Hyperlocal eCommerce Businesses. The web portal and mobile app can be customized as per your business needs. Visit www.yogrowcer.com for more details!
2. ● The hyperlocal marketplaces cater to the needs of a limited
geographical area.
● The retailers who register themselves on the hyperlocal
marketplaces have a larger extent of proximity to the customer
(so that delivery is done within an hour or two).
● Instacart is one of the brightest examples of Hyperlocal grocery
delivery business.
WHAT’S EXACTLY A HYPERLOCAL MARKETPLACE?
3. PRIMARY FACTORS OF A HYPERLOCAL MARKETPLACE
Geographical Location Time Limit
4. Consumer
These are the people who will buy groceries from
you & bring money into the business.
IMPORTANT ELEMENTS: HYPERLOCAL E-COMMERCE BUSINESS
Vendors
Multiple vendors can register & start selling their
products online.
Logistics
You can either hire your own delivery staff or
you can partner with a logistics service provider.
Admin
Admin is the person who manages the online
marketplaces. In most of the cases, admin is the
owner of the marketplace.
Website/ App
Platforms used for online sale & purchase of
products/services.
5. TOP NICHES FOR A HYPERLOCAL MARKETPLACE BUSINESS
Example: ButcherBox
Fresh & Frozen Meat
Example: Doorstep
Dairy
Dairy Products
Example: Doorstep
Organics
Fruits & Vegetables
Example: Vitacost
Health & Food
1. Grocery
eCommerce
6. TOP NICHES FOR A HYPERLOCAL MARKETPLACE BUSINESS
Example: PillPack
2. Epharmacy
Example: Minibar
3. Online Wine & Liquor
Example: Ever Loved
4. Online Funeral Products
11. Rise of Medicine Delivery App
Rapid technological advancement has enabled people to order
medicines using mobile apps. The medicine delivery app caters to the
needs of a wider customer base.
The app enables the elderly population to reduce dependency and
order medicines themselves. With this facility, the patients can receive
their orders at their doorsteps and make payments conveniently using
e-payment methods.
12. How to Start an Online Medicine Delivery
Business?
Apart from choosing the right eCommerce medicine delivery platform,
there are many regulations and laws that have to be considered
before starting an online medicine delivery business.
Visit
https://www.yogrowcer.com/epharmacy-delivery-marketplace.php
and take a look at the steps to be followed when starting an
e-pharmacy.
14. Challenges Faced by Online Liquor Stores
● Country wise rules & regulations
● Three-tier distribution system
● Age verification
● Temperature control
● Shipping services
15. How to Build an Online Marketplace for Liquor &
Wine Delivery?
Selecting the perfect wine requires a particular sense of taste and so
does building a Liquor & Wine ecommerce website and app.
As an ecommerce entrepreneur, if you're thinking to launch a profitable
Liquor & Wine ecommerce website and app, read this before initiating
the process:
https://www.yogrowcer.com/how-to-build-liquor-and-wine-delivery-ma
rketplace.php
17. According to Fact.MR, “The global funeral products
and services market is expected to reach up to US
$ 370, 000 by the end of 2022.”
18. Growth of Online Funeral Products Marketplaces
According to FuneralOne, 93% of people
purchase gifts or flowers online to express
their support to grieving families.
The rapid growth of the funeral products
and services market is catching the
eyeballs of online funeral professionals
and entrepreneurs looking to start their
online hyperlocal funeral product
delivery business.
19. BEST HYPERLOCAL MARKETPLACE
PLATFORM
Growcer by FATbit Technologies is one of the most popular hyperlocal
marketplace software that was ideally developed for building online
grocery marketplaces similar to Instacart.
It is an end-to-end eCommerce grocery software/ grocery delivery
marketplace solution which enables anyone to launch a multi-vendor,
hyperlocal marketplace.
20. BEST HYPERLOCAL MARKETPLACE
PLATFORM
This agile software is not just limited to build grocery marketplace. It
can be customized to build an eCommerce marketplace and mobile apps
for medicine delivery, liquor/wine delivery and funeral products
delivery as well.