Market Networks: The New Way to Do Business Online

In an article he wrote for TechCrunch last month, James Currier looked at the rise of market networking software; software that provides an intersection between online marketplaces (sites like Etsy, eBay and AirBnB which allow multiple buyers to connect with multiple sellers), and social networking sites (sites like Facebook, MySpace and Twitter, which emulate our offline social networks and are based around identity); he provides HoneyBook as an example, a market network for the events industry which allows professionals to connect around projects and keep all of that project’s transactions and paperwork in one place.

Image by NFX LLC.

Image by NFX LLC.

Currier suggests that these market networks have an edge over simple online marketplaces – and I would add, websites with selling capabilities – as they encourage a connection more meaningful and long-term than a simple transaction. They emulate how business happens in real life: the networks of professionals and clients which pop up on these sites often begin with people who have been communicating for years inviting each other to the site, and creating an online version of a network that already exists via fax, phone, invoices, etc.

Installing PeepSo on your website is the first step to creating your own market network. It allows you to bring all your professional connections together in one place and introduce them to each other. You can tell people about a new product and send them to the checkout page, with them staying on your site the entire time. You can build meaningful online connections within the parameters you want to set for them, eliminating the blurring between personal and professional that Facebook doesn’t just enable, but enforces (you have to have a personal account, for example, to use their Business Manager tool).

Marketing networks are the next step in successful online business, and PeepSo has everything you need to get started.

 

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