Diversify Your Income Streams In 2024 To Survive and Thrive

Discover how to reach new potential customers with BusinessRiskTV Marketplaces

Expanding Profit Centres in 2024: How Multi-Marketplace Strategies Can Fuel Your Business Growth

The year 2023 is winding down, and businesses are already gearing up for 2024. In today’s dynamic e-commerce landscape, standing out from the crowd requires more than just a great product or service. To thrive in the coming year, businesses must adopt innovative strategies that unlock new avenues for growth and profitability. One such strategy is expanding your reach through multi-marketplace selling.

What are Online Marketplaces?

Online marketplaces are digital platforms that connect buyers and sellers. They offer a plethora of benefits for businesses, including:

  • Increased visibility and reach: Marketplaces boast millions of active users, significantly expanding your customer base beyond your own website or storefront.
  • Reduced marketing costs: Marketplaces handle much of the customer acquisition and marketing, allowing you to focus on product development and fulfillment.
  • Simplified logistics: Many marketplaces offer fulfillment services, taking care of storage, packaging, and shipping, freeing you from logistical burdens.
  • Faster sales growth: Marketplaces provide immediate access to a large pool of potential customers, accelerating your sales growth.

Why Multi-Marketplace Strategies are Key in 2024

While relying on a single marketplace can be effective, diversifying your online presence across multiple platforms unlocks a new level of potential. Here’s why:

  • Reaching diverse customer segments: Each marketplace attracts a unique customer base with distinct preferences and buying habits. Expanding your presence allows you to tap into these diverse segments, maximising your sales potential.
  • Mitigating marketplace dependence: Over-reliance on a single platform can leave you vulnerable to changes in their policies or algorithms. Spreading your eggs across multiple baskets reduces this risk and ensures greater stability.
  • Building brand awareness: Being present on multiple platforms increases your brand visibility and recognition, leading to improved customer trust and loyalty.
  • Leveraging platform-specific benefits: Different marketplaces offer unique features and promotional opportunities. A multi-marketplace strategy allows you to capitalise on these benefits to gain a competitive edge.

How to Implement a Successful Multi-Marketplace Strategy

Expanding to multiple marketplaces requires careful planning and execution. Here are some key steps to consider:

  1. Research and select the right marketplaces: Choose platforms that align with your target audience, product offerings, and budget. Consider factors like marketplace fees, commission structures, and traffic demographics.
  2. Optimise your product listings: Tailor your product descriptions, titles, and images for each marketplace’s specific requirements and audience preferences. Use high-quality visuals and compelling copy to grab attention and drive conversions.
  3. Manage inventory efficiently: Accurately track inventory levels across all platforms to avoid overselling or understocking. Consider using inventory management software to streamline the process.
  4. Leverage marketplace analytics: Most marketplaces provide valuable data on customer behaviour, sales trends, and competitor activity. Utilise these insights to optimise your listings, pricing strategies, and marketing campaigns for each platform.
  5. Maintain consistent branding: Ensure your brand voice, messaging, and visual identity remain consistent across all marketplaces to create a unified customer experience.

Examples of Successful Multi-Marketplace Businesses

Pick the right marketplace for your business. Contact us to receive free tips on the best marketplaces for your business.

The Future of Multi-Marketplace Selling

The multi-marketplace trend is here to stay, and its importance is only going to grow in 2024 and beyond. As competition in the e-commerce space intensifies, businesses that embrace this strategy will be well-positioned to capture new markets, boost profitability, and achieve sustainable success.

Additional Tips for Success in 2024

Building strong relationships with marketplace managers can be a game-changer in your multi-marketplace strategy. These individuals possess valuable insights into platform trends, promotional opportunities, and competitor activity.

Here’s how you can cultivate positive relationships with marketplace managers:

  • Become a top seller: Consistently delivering high-quality products,excellent customer service, and strong sales performance will grab the attention of marketplace managers.They actively seek to highlight successful sellers on their platforms.
  • Be proactive and communicative: Regularly engage with marketplace managers via email, phone calls, or online tools. Share your business goals, ask questions, and seek their advice on how to leverage the platform effectively.
  • Offer your expertise: Contribute to marketplace initiatives, participate in webinars or podcasts, and provide valuable feedback on platform features. This demonstrates your commitment to the marketplace and positions you as a valuable partner.
  • Provide case studies and testimonials: Share your success stories on how the marketplace has helped your business grow. This serves as powerful social proof for other sellers and strengthens your relationship with the platform.
  • Participate in marketplace events: Attend conferences, workshops, and other events hosted by the marketplace. This allows you to network with managers, build connections, and stay informed about upcoming initiatives.

By investing in these relationships, you can unlock exclusive benefits, gain preferential treatment, and access unique resources that can give your business a significant edge in the multi-marketplace arena.

Conclusion:

In 2024, diversifying your online presence across multiple marketplaces will be crucial for businesses seeking to optimise their reach, revenue, and resilience. By implementing a well-planned multi-marketplace strategy, leveraging platform-specific benefits, and fostering strong relationships with marketplace managers, you can unlock a new era of growth and profitability for your business. Embrace the future of e-commerce, and watch your brand prosper in the exciting world of multi-marketplace selling.

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10 Faster Business Growth Tips

What can you do for economic uncertainty?

Strategies to Accelerate Business Growth During Economic Uncertainty

In today’s rapidly changing and uncertain economic landscape, growing a business can present unique challenges. However, with the right strategies and mindset, it’s possible to navigate through uncertain times and even achieve accelerated growth. This article explores effective approaches to growing a business faster during an uncertain economic climate.

  1. Embrace Business Development Service: During times of economic uncertainty, it becomes crucial to seek expert guidance and support. Business development services can provide valuable insights and assistance in identifying new opportunities, optimising operations, and implementing growth-oriented strategies. BusinessRiskTV offer comprehensive business development services that encompass market research, strategic planning, and marketing support. Leveraging such services can give your business a competitive edge and help accelerate growth.
  2. Prioritise Effective Risk Management: Uncertain economic climates often come with increased risks. To navigate these risks successfully, businesses must prioritise effective risk management practices. This involves identifying and assessing potential risks, implementing mitigation strategies, and regularly monitoring and adjusting risk management processes. Enterprise Risk Management Magazine provides valuable resources and articles on risk management best practices, which can help businesses stay proactive and resilient in the face of uncertainty.
  3. Foster Adaptability and Agility: Flexibility and adaptability are key attributes for businesses aiming to grow during uncertain economic times. Being able to swiftly adapt to changing market conditions, consumer demands, and industry trends can provide a competitive advantage. Cultivate a culture of agility within your organisation, empowering employees to embrace change and explore innovative solutions. This adaptability will allow your business to seize new opportunities and swiftly respond to challenges.
  4. Diversify Revenue Streams: During economic uncertainty, businesses heavily reliant on a single revenue stream can be more vulnerable to downturns. Diversifying revenue streams can help mitigate risks and ensure more stable growth. Explore new markets, develop complementary products or services, and seek strategic partnerships that can expand your customer base and revenue sources. The Risk Management Think Tank offers valuable insights on diversification strategies and can provide guidance on identifying new revenue streams for your business.
  5. Optimise Cost Efficiency: During uncertain economic times, optimising cost efficiency becomes imperative. Review your business operations to identify areas where costs can be reduced without compromising quality or customer satisfaction. Streamline processes, negotiate better deals with suppliers, and leverage technology to automate repetitive tasks. By maximising cost efficiency, you can free up resources to invest in growth initiatives and fuel business expansion.
  6. Focus on Customer Retention and Satisfaction: Maintaining strong customer relationships is crucial during times of economic uncertainty. Existing customers can provide a stable revenue base and act as brand advocates. Prioritise customer satisfaction by delivering exceptional products or services, providing personalised experiences, and actively seeking feedback. Implement customer loyalty programs and develop targeted marketing campaigns to nurture customer loyalty and encourage repeat business.
  7. Leverage Digital Marketing Channels: Digital marketing has become indispensable for businesses in today’s digital age, and its importance is further amplified during economic uncertainty. Utilise various digital marketing channels, such as search engine optimisation (SEO), social media marketing, content marketing, and email marketing, to reach and engage with your target audience. Effectively leveraging these channels can help generate leads, increase brand visibility, and drive sales growth. The Business Risk Management Club offers membership resources and networking opportunities to stay updated on the latest digital marketing trends and strategies.
  8. Foster Strategic Partnerships: Collaborating with strategic partners can be mutually beneficial and foster business growth, especially during uncertain economic climates. Look for opportunities to form strategic partnerships with businesses that complement your offerings or target similar customer segments. By pooling resources, expertise, and networks, you can tap into new markets, share costs, and access additional distribution channels. Strategic partnerships can provide a platform for accelerated growth and help mitigate the impact of economic uncertainty.
  9. Stay Informed and Adapt to Market Trends: To grow your business faster in uncertain economic climates, it’s essential to stay informed about market trends, consumer behaviour, and industry developments. Monitor industry publications, attend conferences, and engage with thought leaders in your field. By staying ahead of the curve, you can identify emerging opportunities, anticipate changes in consumer demands, and adjust your strategies accordingly. This proactive approach will enable your business to pivot swiftly and position itself for rapid growth.
  10. Seek Financing Options: Access to capital is crucial for business growth, especially during uncertain economic times. Explore various financing options to fuel your expansion plans. This may include traditional bank loans, venture capital investments, crowdfunding, or government grants. Conduct thorough research, prepare a compelling business plan, and consider consulting with financial experts to identify the most suitable financing avenues for your business. Having the necessary financial resources will provide the foundation for accelerated growth, even in challenging economic conditions.

While economic uncertainty can pose challenges, it also presents opportunities for businesses to thrive and grow. By adopting a proactive and strategic approach, prioritising risk management, fostering adaptability, diversifying revenue streams, optimising cost efficiency, and nurturing customer relationships, you can position your business for accelerated growth even during uncertain times. Leverage the power of digital marketing, seek strategic partnerships, stay informed about market trends, and explore financing options to fuel your expansion plans. Remember, with the right strategies and mindset, you can not only survive but thrive in an uncertain economic climate.

By implementing these strategies and leveraging the resources and insights provided by BusinessRiskTV’s Business Development Service, Enterprise Risk Management Magazine, the Risk Management Think Tank, and the Business Risk Management Club, you can equip your business with the tools it needs to navigate uncertainty and drive accelerated growth.

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10 Faster Business Growth Tips

Selling Online UK

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Buying and selling online UK

Pick the best online marketplace to showcase your products or services in the UK online. Online selling is easier and more profitable if done well. Discover ecommerce options for UK and other international marketplaces to expand your business reach. Drive your business growth faster with our help. We have set up great places and developed innovative tools to enable your business to sell more online.

Cost effective ways to market your business online with BusinessRiskTV
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10 Online Marketing Tips For Online Businesses

As the world becomes increasingly digital, online marketing has become a crucial component of any successful business strategy. With so many options for reaching customers online, it can be overwhelming to know where to start. Here are ten tips to help UK business leaders make the most of their online marketing efforts.

  1. Define your target audience. The first step in any marketing campaign is to determine who you are trying to reach. Consider your ideal customer’s age, gender, location, interests, and habits, and use this information to guide your online marketing efforts.
  2. Develop a website. Your website is the foundation of your online presence, and it’s important to make a good first impression. Make sure your website is well-designed, easy to navigate, and optimized for search engines.
  3. Utilize search engine optimisation (SEO). SEO involves optimising your website to rank higher in search engine results, which can help you reach more potential customers. Use keywords in your content and meta descriptions, and ensure your website is mobile-friendly and fast-loading.
  4. Invest in pay-per-click advertising (PPC). PPC advertising allows you to place ads on search engines, social media, and other websites, and you only pay when someone clicks on your ad. This can be an effective way to reach your target audience quickly.
  5. Take advantage of social media. Social media platforms like Facebook, Instagram, and Twitter can be great ways to connect with your target audience and promote your business. Share engaging content, interact with your followers, and consider running social media ads to reach even more people.
  6. Create engaging content. Whether it’s blog posts, videos, infographics, or social media updates, content is the lifeblood of any online marketing campaign. Make sure your content is high-quality, relevant, and designed to engage your target audience.
  7. Encourage customer reviews and testimonials. Online reviews and testimonials can be incredibly influential for potential customers, so make sure you encourage satisfied customers to leave positive feedback. Respond to negative reviews professionally and try to resolve any issues.
  8. Utilise email marketing. Email marketing can be an effective way to reach your target audience, promote your products or services, and keep your customers engaged. Make sure your email campaigns are well-designed and relevant to your target audience.
  9. Offer promotions and incentives. Everyone loves a good deal, and offering promotions and incentives can be a great way to encourage people to try your products or services. Consider running special offers, discounts, and contests to drive engagement and sales.
  10. Track and measure your results. Finally, it’s important to track and measure your online marketing efforts to see what’s working and what’s not. Use tools like Google Analytics to track website traffic, and monitor your social media and email marketing metrics to see how your campaigns are performing.

In conclusion, these ten tips can help UK business leaders effectively reach their target audience and drive results with their online marketing efforts. From defining your target audience to tracking your results, each step is crucial for success. By implementing these strategies, you can ensure that your online marketing campaigns are effective, efficient, and successful.

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Get Found Online With BusinessRiskTV

In today’s digital age, it’s crucial for businesses to establish a strong online presence to reach their target audience and stand out from their competitors. However, with the vastness of the internet and the countless number of businesses already established online, getting found online can be a daunting task. This is where BusinessRiskTV.com comes in, providing businesses with the tools and resources they need to get found online and thrive in the digital world.

What is BusinessRiskTV.com?

BusinessRiskTV.com is an online platform that provides businesses with a range of resources and services to help them manage and mitigate risk, increase their profitability, and ultimately grow their business. The platform is aimed at business owners, managers, and decision-makers, offering a variety of content including news, articles, videos, podcasts, webinars, and online courses.

One of the core areas of focus for BusinessRiskTV.com is helping businesses get found online. The platform offers a range of digital marketing services and resources designed to increase a business’s online visibility and attract potential customers. From search engine optimisation (SEO) to social media marketing, BusinessRiskTV.com has everything businesses need to establish a strong online presence and get found by their target audience.

Why is it important to get found online?

In today’s digital age, the vast majority of consumers turn to the internet to research products and services before making a purchase. This means that if your business isn’t visible online, you’re missing out on a huge potential audience. Getting found online is essential for businesses of all sizes and industries, as it allows them to:

Reach a wider audience: By establishing a strong online presence, businesses can reach potential customers from all over the world. This opens up new markets and opportunities for growth, as businesses are no longer restricted by their physical location.

Increase brand awareness: A strong online presence helps to increase brand awareness, making it easier for potential customers to recognise and remember your business. This can lead to increased customer loyalty and repeat business.

Establish credibility: Businesses that have a strong online presence are often seen as more credible and trustworthy than those that don’t. This is because a strong online presence shows that a business is modern, tech-savvy, and invested in providing its customers with the best possible experience.

Drive traffic and sales: By getting found online, businesses can drive traffic to their website and ultimately increase sales. This is because customers are more likely to make a purchase from a business that they can easily find and engage with online.

How can BusinessRiskTV.com help businesses get found online?

BusinessRiskTV.com offers a range of services and resources designed to help businesses get found online. These include:

SEO services
Search engine optimisation (SEO) is the process of optimising a website so that it appears higher in search engine rankings. This is important because the higher a website appears in search engine results, the more likely it is to be clicked on by potential customers. BusinessRiskTV.com offers a range of SEO services, including keyword research, on-page optimisation, and link building, all designed to improve a business’s search engine rankings and increase its online visibility.

Social media marketing
Social media is a powerful tool for businesses looking to establish a strong online presence. BusinessRiskTV.com offers a range of social media marketing services, including account setup and management, content creation, and advertising. By leveraging the power of social media, businesses can reach a wider audience and engage with potential customers on a more personal level.

Content marketing
Content marketing involves creating and sharing valuable content, such as blog posts, videos, and infographics, to attract and engage potential customers. BusinessRiskTV.com offers a range of content marketing services, including content creation, optimization, and promotion. By creating high-quality content that resonates with their target audience, businesses can establish themselves as industry leaders and build a loyal customer base.

Online advertising
Online advertising is a cost-effective way for businesses to reach potential customers and drive traffic to their website. BusinessRiskTV.com offers a range of online advertising services, including pay-per-click (PPC) advertising, display advertising, and retargeting. By using online advertising, businesses can target specific demographics and reach potential customers who are more likely to be interested in their products or services.

Website design and development
A business’s website is often the first point of contact between the business and potential customers. A well-designed website that is optimized for search engines and user experience is crucial for businesses looking to establish a strong online presence. BusinessRiskTV.com offers website design and development services, including website optimization, mobile responsiveness, and e-commerce integration.

Online reputation management
Online reputation management is the process of monitoring and managing a business’s online reputation. This involves tracking mentions of the business on social media and other online platforms, responding to customer feedback, and addressing negative reviews. BusinessRiskTV.com offers online reputation management services, including monitoring, analysis, and response, to help businesses maintain a positive online reputation and build trust with their customers.

Getting found online is essential for businesses looking to establish a strong online presence and reach their target audience. BusinessRiskTV.com offers a range of services and resources designed to help businesses get found online, including SEO, social media marketing, content marketing, online advertising, website design and development, and online reputation management. By leveraging the power of these digital marketing strategies, businesses can attract potential customers, increase brand awareness, and ultimately drive sales and profitability.

Selling Online UK

LiveStream Shopping Platform

Use our livestream selling platform to grow your business faster more profitably

LiveStream Shopping Will Grow Your Business With Help From BusinessRiskTV

Our Live Stream Shopping Platform will boost your profit. Increase your reach to new customers to expand your online sales. Adopt good eCommerce solutions to improve your cash flow and strengthen your business resilience. Tap into rising demand for an online shopping experience with live video shopping. Our live video selling opportunities will increase your online sales conversions. Our LiveStream shopping experience incorporates live video content, interactive communication with potential new buyers and the ability for new customers to seamlessly buy or save featured products or services directly from you online.

Livestream Shopping enables your new audience explore your offering. Potential new customers will interact through their comments, likes and eCommerce opportunities to sell more online.

Offer LiveStream Shopping to your online audience with BusinessRiskTV

Sell your products or services direct to new buyers who discover your brand online with our help. Sell more locally nationally and even globally. Our live-shopping platform will increase your online sales and your profit.

  • Solve new potential customer problems before they move on.
  • Grab their online purchasing power before your competitors do.
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The heightened level of engagement with potential new customers gives you more time to showcase why new customers should buy from you and buy today!

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Our flexible cost-effective Live Shopping Service will more rapidly flex your online sales. Start selling more products or services online with our new live selling service. Live streaming combine with E-commerce will secure boost your online sales. Our interactive live-streaming ecommerce platform brings potential new customers to your business more quickly more profitably.

Sell to new customers down the road or to the other side of the world

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Make Products Shoppable With Livestream

To make your products or services more shoppable through live streaming in the UK, you can follow these tips:

  1. Showcase the products: Make sure to highlight the key features and benefits of your products during the live stream. Demonstrate how the products can be used and what makes them unique.
  2. Interact with your audience: Encourage your audience to ask questions and engage with them in real-time. This not only helps build trust but also provides valuable insights into what your audience is looking for.
  3. Offer special promotions: Consider offering exclusive deals or discounts to viewers who make a purchase during the live stream. This can create a sense of urgency and drive sales.
  4. Make the process seamless: Ensure that your e-commerce platform is integrated with your live stream so that viewers can easily make a purchase. Make the checkout process smooth and secure to minimise any friction.
  5. Partner with influencers: Consider partnering with influencers or social media personalities who have a large following in the UK. This can help you reach a wider audience and increase brand awareness.
  6. Utilise social media: Promote your live stream on your social media channels and engage with your followers. This can help drive traffic to your live stream and increase the chances of making a sale.
  7. Provide excellent customer service: Make sure to provide excellent customer service during and after the live stream. Respond promptly to any questions or concerns and follow up with customers to ensure they are satisfied with their purchase.

LiveStream Shopping Platform

BusinessRiskTV Virtual Market Place

Find the best price for products and services in the UK online with BusinessRiskTV

Online virtual marketplace to buy and sell more online. Real products and services bought and sold online. Network and share with other top business leaders. Discover the best exhibitors and businesses on BusinessRiskTV. Read and watch the latest local national and international news opinions and reviews online.

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Link into your existing sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit

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eCommerce Virtual Assistant To Grow Your Online Revenue Faster
eCommerce Virtual Assistant To Grow Your Online Revenue Faster

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BusinessRiskTV will work with you to sell more online and sell more profitably with less uncertainty. Develop a new profitable income stream quickly and easily with low risk. Bank sales money quickly and deliver your quality products or services direct to your new customers.

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Improve your online retailing revenue with a shop in our online marketplaces. Online retail is growing fast but it is no way near its full potential.

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Help us create the best online shop centres to sell more of your products or services.

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Connect more potential customers with your existing sales process like your website. Alternatively if you have a Paypal account create an eCommerce shop in our online marketplaces to take payments before you deliver to your new customer.

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Business growth consultancy with BusinessRiskTV.com

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At BusinessRiskTV we can take some of the worry out of growing your business. We will ask the right questions to find the best way forward for your business.

  • Make better business decisions
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Working with you to create long term value for your business. Developing your business faster with less uncertainty.

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Submit a question. Share your views and experiences. Please include a contact number if you are willing to speak to us. You can get in touch in the following ways:

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Challenges Of Growing A Business and How To Meet Them With BusinessRiskTV.com

As a business grows, it will face various challenges that can hinder its growth and success. Here are some common challenges of growing a business and some tips on how to meet them with the help of BusinessRiskTV.com:

  1. Cash flow management: Managing cash flow can be a challenge for growing businesses, especially if they have large overheads and expenses. BusinessRiskTV.com can help businesses develop a financial plan to ensure they have enough cash to cover their expenses and invest in growth opportunities.
  2. Hiring and retaining talent: As a business grows, it will need to hire new employees to keep up with the demand. However, finding and retaining talented employees can be a challenge. BusinessRiskTV.com can help businesses develop an effective recruitment strategy and employee retention plan.
  3. Scaling operations: Growing businesses need to scale their operations to meet the demands of their customers. However, scaling too quickly can lead to operational inefficiencies and quality issues. BusinessRiskTV.com can help businesses develop a growth strategy that balances speed and efficiency.
  4. Managing risk: As a business grows, it becomes more exposed to risks such as cyber attacks, supply chain disruptions, and regulatory changes. BusinessRiskTV.com can help businesses identify and manage these risks by developing a risk management plan.
  5. Competition: Growing businesses may face increased competition as they expand into new markets or attract new customers. BusinessRiskTV.com can help businesses develop a competitive strategy to differentiate themselves from their competitors.

Overall, growing a business can be a challenging process, but with the help of BusinessRiskTV.com, businesses can overcome these challenges and achieve their growth objectives.

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Online sales channels on BusinessRiskTV. Top online marketplaces and virtual trade fairs VTFs to showcase your business products or services. Find the cheapest products to buy and sell at the best price for a faster better return on your investment. Use the power of sellers working together to maximise your profit. Put powerful retail risk analysis in your pocket with your smart phone.

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Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV

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