Entrepreneurship Archives - FATbit Blog https://www.fatbit.com/fab/category/entrepreneurship/ FATbit Blog- Software development, eCommerce marketplace solution, Web and mobile app development and marketing insights. Get expert insights! Thu, 16 Jan 2025 05:59:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 5 Steps to Start an Online Tutoring Business https://www.fatbit.com/fab/steps-to-start-an-online-tutoring-business/ https://www.fatbit.com/fab/steps-to-start-an-online-tutoring-business/#respond Mon, 17 Oct 2022 12:38:22 +0000 https://www.fatbit.com/fab/?p=32471 In this blog, you can read the key steps to start an online tutoring business

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The growing popularity of eLearning platforms is one of the brightest instances of digitized learning. According to a report by Allied Market Research, the global eLearning market is expected to reach $840.11 Billion by 2030, registering a CAGR of 17.5% from 2021 to 2030. In this article, we discuss the 5 steps of starting an online tutoring business in detail, but first, let us give a brief overview of online tutoring.   

Overview of Online Tutoring 

Online tutoring is a process of teaching students/learners virtually through a webcam. The tutoring can vary from one-to-one to group sessions. Additionally, the teachers and students can connect with each other from geographically diverse locations. 

Why Do You Need to Start an Online Tutoring Business?

  • Flexibility –  Having an online tutoring business gives you the flexibility to start your business from anywhere in the world. You do not have to tackle operational issues, such as renting classrooms, paying bills, providing facilities to teachers, and more. 
  • Scaling Business Geography – Every business faces the urge to scale at some point. However, if you choose to create a tutoring website, rather than scaling, you go global from the beginning. By having your online tutoring business, you can work with both tutors and students from across the world, providing them all with the desired flexibility.
  • Analytics and Reporting – As already mentioned above, by adopting an online tutoring platform, you can spare yourself the operational headache. You can also automate the payments and get in-depth insights into all your business processes through analytics. For example, you can learn how much time individuals spend on your platform, how many have subscribed, which course is popular, and so on.
  • Branding – A well-designed online tutoring website can contribute to brand awareness in the market with brand colors, design patterns, tone of voice, and so on. This, in turn, will allow you to develop your brand even further. 
  • Increase in Conversions – A smartly developed online tutoring platform is in demand in the industry. Creating a user-friendly website will increase user conversions and will allow you to earn more.
  • Withstanding Covid-19 Impact – When the pandemic first started, social distancing was of the essence. Several businesses struggled to pay the rent as they had no customers. With an online tutoring website, you will be able to mitigate such issues.

Start Your Online Tutoring Business with an Expert’s Opinion

The 5 Steps to Start an Online Tutoring Business

Steps to Launch Online Tutoring Business graphic

1. Identifying Your Online Tutoring Market Niche

The tutoring industry is growing exponentially in the wake of Covid-19. Therefore, before starting an online tutoring business, it is crucial to determine your market niche. But how do you do that? You need to identify tutoring segments where demand exceeds supply. Excess demand will aid in establishing your tutoring business online and will set you on the path to higher profit margins. That said, some of the on-demand online tutoring services are as follows:

  • Young learners who cannot attend school 
  • Learners with proven difficulty in STEM (Science, Technology, Engineering, and Mathematics)
  • Learners who wish to improve their grades 
  • Individuals with dyslexia 
  • Individuals who need to prepare for exams, job interviews, and special tests 


By defining your niche, you will have a clear vision and understanding of the audience you are targeting. And, once established, you can also expand into adjacent markets.

2. Conducting Market Analysis and Competitor Research 

By analyzing the market, you can choose which part of it you want to focus on. For example, who will be interested in your tutoring business? You can start with the basic demographics like: 

  • Age
  • Gender 
  • Income Level 

And, then examine other factors that define your target market. While you validate your idea through market research, it is pivotal to analyze the competitors and market leaders, their USPs, customer segments, and their motivation. A few of the top players in the online tutoring space are showcased in the graphic below:

Online Tutoring Business Competitors graphic

3. Completing Legal Formalities to Run an Online Tutoring Marketplace

Before getting started with running an online tutoring business, it is crucial to complete the legalities associated with it. This includes: 

  • Naming your online tutoring business; getting it registered. 
  • Determining what legal structure your business should adopt. This is pivotal for tax and other implications. 
  • Insuring your online tutoring business. 
  • Opening a business account in the name of your online tutoring business. 

Note: The most common doubt most tutoring startups have is whether a license is needed or not. The answer is no, a license is not required to run an online tutoring business.

4. Creating the Marketplace

Purchase a domain name that represents your tutoring business and create a supporting marketplace. This will not only be a place to send prospects who want to learn about your tutoring business but will also serve as a portal for supplemental content that your students will need access to.

To ease the process of marketplace creation, you can either opt for a readymade online tutoring solution or choose to develop it from the scratch.

Custom Build Your Online Tutoring Platform

An online tutoring platform is said to be custom-built when it is tailored as per the requirements of the business or the entrepreneur. Such a platform is built from scratch and provides the flexibility of:

  • Customization
  • Scalability
  • Added Security

However, the cost and time of development depend on the complexity of the functionality to be incorporated.

Choose a Readymade Solution to Launch Your Online Tutoring Platform

Choosing a pre-built software like Yo!Coach can aid in launching your online tutoring platform. You just need to buy, install and start using the platform. It is simple to use and offers 12 months of free technical support. A few other factors contributing to the success of online tutoring platforms built from it are:

  • Yo!Coach is time and cost-efficient
  • Scalable and Customizable
  • Secure and GDPR compliant
  • 100% White Label solution

Create Your Own Online Tutoring Platform With Yo!Coach

5. Marketing Your Business

Building an online tutoring platform will not suffice as you will need students and teachers as well. To spread awareness, you will need to focus on marketing strategies too. Listed below are a few marketing tactics for your newly launched online tutoring business: 

  • The platform should be SEO friendly
  • Social media should be used for promotions 
  • Educational marketing videos should be created 
  • The platform should be mobile-friendly 
  • Testimonials should be published on the website 
  • Digital media advertising should be done. 


Note: You get a basic digital marketing services package free with Yo!Coach GoCustom.

Summary

Online tutoring will continue to remain on an upward trajectory worldwide. And, with the increasing competition, it is essential to choose the right solution to launch a feature-rich online tutoring platform. Hence, Yo!Coach is the solution that can be used to build an online tutoring platform as it comes with an array of features and functionalities.

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Launching a Global Store: 7 Simple Steps to Sell Across Borders & Expand Your Business https://www.fatbit.com/fab/steps-to-expand-ecommerce-business-globally/ https://www.fatbit.com/fab/steps-to-expand-ecommerce-business-globally/#comments Mon, 31 Jan 2022 13:14:51 +0000 https://www.fatbit.com/fab/?p=30759 Taking your eCommerce business to the next level is not as complex as it seems. Learn how to sell across borders from this guide.

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According to Statista, the growth projection for the eCommerce industry is between 14-15% in 2021 and approximately 11% in 2022. Last year, the industry witnessed a strong upsurge with a growth rate of 27.6%. With new buyers and product demands arising from distant corners of the world, it is understandable for thousands of eCommerce brands to expand their business operations globally. 

In this blog, we will discuss 7 steps to do cross-border trading and conduct smooth global operations. But before that, we have discussed the benefits of going global.

Table of Contents

Benefits of Going Global

1. Access to Niche Markets

Industries having multiple niches and microsegments can benefit from global operations by increasing their accessibility to foreign audiences. For example, an eCommerce business specializing in Peer-to-Peer furniture rental can expand its target market by providing the same furniture rental services in multiple countries.

2.  Increase in Customer Retention

Businesses with diverse audiences, including consumers from middle to upper class can reduce the customer churn rate by launching multinational branches. This will happen in use cases where the loyal customers of an eCommerce business move abroad and become immigrants. Similar is the case with customers living abroad on work or study visas. Thus, along with getting access to foregin customers, global operations can also assist eCommerce brands in retaining their existing customers widely.

3. Increase in Brand Reputation

Expanding business across the borders will boost the brand reputation of eCommerce businesses. After expansion, they will be considered under the global players list, which can have a positive effect on the consumer mindset. Moreover, global operations also improve a company’s brand status in their native land, making them highly potential assets for funding.

Simple Steps to Expand your eCommerce Business Globally

Step #1: Create a Business Plan

Each market is unique, and it has a well-established ground set of rules to enter the market and establish a retail business. To satisfy that, eCommerce businesses require strategic planning.

Create a Business Plan

Start with what you know and move ahead from there:

  • Define short, medium, and long-term goals 
  • Define the business model
  • Map out your supply chain
  • Create projects and allocate funds
  • Conduct appropriate market research for deployment

Step #2: Develop a Cohesive Marketing Strategy

Decide the name of your global venture, i.e., whether you will be promoting your business under the same brand name or adding an extension. Similarly, register trademarks for your business and maintain consistency across all marketing channels. Secondly, you will need to define all marketing channels and touchpoints for effective campaigning. As your business will be new in a well-established market, it is best to explain your Unique Selling Points (USPs) very clearly through your marketing channels. 

Step #3: Localize your Online Store

Global business expansion will also require business owners to localize their online stores with the targeted region. This includes using a different festive calendar for introducing discount promos and other marketing campaigns. eCommerce businesses will also need to hire local customer support who can speak in the native language of customers and understand their various concerns. 

Also, the localization will be required for each targeted region. For this reason, it is wise to opt for multilingual and multi-currency eCommerce marketplace platforms that are scalable for conducting multinational operations. 

Another efficient way to localize is to hire polyglot customer support and sales personnel who can converse in multiple languages and resolve customer queries. 

Step #4: Outsource your workforce

Entrepreneurs can outsource various tasks such as content marketing, social media marketing, customer support, logistics, human resources and also hire a virtual assistant. Outsourced professionals will be well-versed in the native language of the target audience and aware about their culture. Thus, they would be able to do a better job than your in-house team.

Another benefit of outsourcing some work is the lower cost of services when compared to monthly salaries, plus additional savings on hardware resources and utility bills. Moreover, outsourcing a professional team is time saving. While business owners just need to find suitable outsourcing services to get started, hiring each talent manually will consume too much time and resources. 

Step #5: Select Shipping Partners

Shipping is a challenging aspect of conducting eCommerce businesses. It is also the last stage of many satisfying eCommerce operations. However, shipping rates and shipping speed are equally useful to begin the operation. To elaborate, it has been proven on several accounts that customers consider shipping price an important deciding factor. eCommerce stores with cheap or free shipping policies receive a competitive edge and attract more customers. 

The challenge that new entrants in the global eCommerce industry face is finding reliable shipping partners with reasonable shipping costs. Furthermore, to do some savings, eCommerce businesses are recommended to inform the customer about the payment of customs and other taxes (if any) during the checkout process. This will also prevent consumer disputes at a later stage. 

Some shipping options for global eCommerce businesses are: 

  • Shipping directly from the headquarter country, which will be inclusive of international carrier charges and other trade regulations.
  • Establishing warehouses in the target country and finding local inventory resources to cut down costs on international deliveries.
  • Partnership with local shipment services to handle all shipments remotely. 
  • Businesses based in the UK can sell on OnBuy for easy international shipping.  

Make sure to choose a sustainable shipping plan which provides ROI in the long run. Estimate yearly shipping and handling costs before jumping into the business to ensure steady profits.

Step #6: Provide Robust Payments Options

Consumers across the globe prefer to make payment through their trusted gateway platforms. For this reason, it is important to provide reliable payment gateways on your online store. Also note that every gateway services provider can charge you or your customers a small percentage of the transaction as service charge or transaction fees. Fof best value, look for the options that levy minimum service charges. 

Also, global and cross-border eCommerce transactions require your payment gateway to support multiple currencies. A multilingual setup will also streamline the payment experience for your customers. If entering into western markets, you can accept crypto currencies to attract high-income customers to your business. 

An important integration for global eCommerce stores is exchange rate converter that will eliminate the task of manually specifying pricing in various currencies and improve operational excellence. 

Step #7: Collect Feedback 

Consumer feedback is important for business growth. It helps entrepreneurs identify the shortcomings of their business and improve the value proposition. Consumer feedback can be collected from your first customers and used to improve international stores.

The different approaches to collecting consumer feedback are:

  • Cold calling
  • Emails
  • Reviews and ratings page
  • Feedback surveys

Marketplace Solutions for Business Expansion

Global expansion looks challenging on the first sight but is efficiently achievable with strategic planning. Following the aforementioned list, interested entrepreneurs can not only expand their business globally but also carry out smooth global operations. If warehousing and inventory seems to be the primary challenge, then our top recommendation for such entrepreneurs would be to expand to a marketplace business.

An online marketplace follows the asset light business model in which multiple vendors sign up on the platform and sell their products. This way, the business owner is only responsible for connecting the vendor with the customer whereas the vendor manages the inventory. The marketplace owner earns money through several revenue streams such as commission, featured listing, display advertising, subscription packages and more. 

Below is the list of renowned eCommerce software to help you expand your business globally:

Yo!Kart: Yo!Kart is a multi-vendor eCommerce platform with advanced capabilities to streamline eCommerce operations. It is also fully customizable and supports unlimited product listings and user profiles so that you can grow your business without worrying about the scalability of your software technology. Along with this, Yo!Kart also comes with one-year of free technical support. 

CedCommerce: CedCommerce is a Magento powered marketplace solution that supports both B2B and B2C operations. Like Yo!Kart, it also comes with unlimited listings and user-profiles. As the solution is developed on Magento, it comes with an open-source code, which is easy to edit for customization and feature expansion.

Arcadier: Arcadier is another feature-rich marketplace solution that simplifies eCommerce  operations for various kinds of businesses. It is a fully-hosted solution that  comes with monthly recurring prices. Although it has all essential features required to start an asset-light business, it comes with a limited number of transactions. 

Contact the respective sales teams of these solutions to understand how they can help you grow and promote your business overseas. Interested entrepreneurs can also book a personal one-on-one demo for Yo!Kart and CedCommerce

Conclusion 

All entrepreneurs with or without a local offline store can launch a global eCommerce store that can help them acquire more customers and gain an international presence. A global brand image will also give them a competitive advantage and open up various opportunities for partnerships, funding and conducting business. Lastly, the choice of the eCommerce solution would be crucial in streamlining the global business operations. For that reason, we advise you to do a careful selection of the solution.

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The Beginner’s Guide to White Label Reseller Program https://www.fatbit.com/fab/beginners-guide-to-white-label-reseller-program/ https://www.fatbit.com/fab/beginners-guide-to-white-label-reseller-program/#comments Sun, 11 Jul 2021 08:08:20 +0000 https://www.fatbit.com/fab/?p=29728 With businesses laying more emphasis on productivity, white label reseller programs have emerged as an ideal solution to deliver more projects simultaneously and increase bandwidth. Read our guide to complete info on white label reseller program.

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Entrepreneurship in the software development industry is facing high levels of competition due to market fragmentation and emergence of hundreds of small-scale IT businesses. In such a scenario, business owners have turned to various web design partnerships, including white label reseller partner programs to gain the competitive edge and reduce the time to market. By joining these programs, software development companies also avoid huge development costs and receive a quickstart in their respective niches. 

In this blog, you will learn what a white-label reseller program means and what are the various benefits of joining it. In the end, we will also help you select the correct program for your business needs.

Table of Contents

What is a White-label Reseller Program?

Under a white-label reseller program, the white-label partner sells the products and services of the software provider under any brand name. To be more precise, a white-label software does not have any logo or branding of the original developer and thus, the white-label partner can sell the software to clients under its own brand name or the client’s brand name. The same goes for white-label services in which the customer receives an invoice under the white-label partner’s brand name.

Any software development company can join a white-label program for a specific period of time and become the white-label partner. However, as the white-label, the company must comply with terms and conditions of the actual development firm.

Below are some common reasons why software development companies and business enthusiasts prefer to join a white label program.

  • For outsourcing software development projects
  • For launching a new service or product
  • For launching an IT startup
  • For reducing development costs

Types of White-label Reseller Program

There are different types of reseller programs that a software development company can join. The most popular among them are:

Software Development Reseller Program

Under this type of program, the reseller partner can sell custom or readymade software of the manufacturing partner. Today, there are numerous businesses looking for readymade solutions over custom development because of three main reasons, which are cost-effectiveness, reduced time to market and tried and tested products. However, in some cases off-the-shelf solutions fail to fulfill the requirements of a business and that’s where custom development services help.

Design and Development

Design and development teams do not only require technical knowledge but also creativity and critical thinking to produce fascinating designs and functionalities. However, finding such talent is difficult these days and also expensive. As a solution, joining a white label reseller program with design and development services is more reliable for many companies. Not to mention the investment saved on human resources.

Branding and Digital Marketing

Branding and digital marketing reseller programs are useful for those companies who provide end-to-end startup consultation. Not to mention, these are also some services that entrepreneurs immediately require after setting up an online business. With a dedicated team of branding and digital marketing experts, fulfilling client requirements becomes easy. Providing digital marketing services along with software development or readymade business solutions is also a lucrative addition to existing service offerings.

Benefits of Joining a White-label Reseller Program

Along with being a cost effective option for several software development businesses, there are also various other benefits of joining a white label reseller program. In this blog, we have brought some of them to the limelight:

  • Service or Product Offerings Expansion

Planning and development of a new software product takes time. By eliminating the development stage from the entire process, companies can release new software much faster. With a white label reseller program, IT companies not only get past the development process but also get access to a wide range of software that they can add to their service offerings and sell forward. A good service offering also impresses the customers and makes you highly distinguishable within your industry.

  • Increases Brand Value

Continuing from the previous point, with the help of white label solutions, software development companies are able to accept and deliver projects with complex requirements within time. This gives a competitive edge to the businesses and surges its brand value in the industry. Moreover, the white label business model also ensures the white-label partner (while not even being the actual developer of the software) is able to meet the client’s exact requirements and deliver a high-satisfaction product.

  • Faster Delivery of Projects

White label solutions enhance the project delivery speed of software development businesses with the principle of divided workload. The entire development process is eliminated from the project and the white label partner remains responsible for handling client side communication and conveying the client’s requirements to the white label provider. This speeds up the entire work process and leads to a comparatively faster delivery of multiple projects.

  • Requires Less Programming Expertise

Startups, SMBs and several medium-sized businesses feel the need to hire technical expertise when some complex project requirements arrive. They do so because large size projects are important for business expansion and rejecting them can be detrimental. However, often the required expertise for these projects is out of reach, especially in developing countries. Thus, completing such projects with the help of a white label software is easy. Most white label providers already have the expertise required for handling complex project requirements, which reduces the burden from the shoulders of the white label partner.

  • Reduces Human Resource Expenses

Small businesses and SMBs repetitively face the challenge of finding reliable talent that can commit with the company for a long time. As a result, work quality and internal processes deteriorate. Human resource management feels overburdened with too many hiring requests. Including the hiring costs, length of the hiring process and possible rejections, joining a white label reseller program sounds more lucrative and convenient for SMBs. This program not only reduces human resource expenses but also decreases the workload.

  • Crisis Management

Crisis can be of various types, including PR, executive and work related. In several scenarios, developers leave the firm halfway through a project or leave a pile of long backlog that cannot be completed within the deadline. White label reseller programs assist in resolving such crises by providing means to reduce the workload by outsourcing any new projects to the white label development firm. In the end, these programs help you protect your company’s reputation by ensuring performance and delivery even in the toughest times.

  • Streamline Internal Process

Internal processes involve back and forth amongst various departments and team members. During revisions and long backlogs, this back and forth becomes hectic and hinders the work process. Although a company might follow standardized development procedures, they are difficult to comply with impaired internal processes, resulting in redundancy and time wastage. White label reseller programs are able to bring the internal departments on the same page by outsourcing various interdependent development and testing procedures. They make the remaining internal processes easy to manage and follow.

  • Access to Better Talent

Going back to human resources, it is difficult to find appropriate talent for startups and SMBs. Due to this, software development companies also hire remote developers to meet the complex software development requirements. In some cases, the right talent isn’t locally available, leading to more talent search issues. As a solution to these problems, joining a white label program is really helpful. The software products included in the program are mostly readymade and do not put the burden of finding the talent on the reseller partner.

Expand your Product Offerings with our Advanced Whitelabel Solutions

How to Select a White Label Program?

Despite the benefits, white label programs can also lead to aberration of profit expectations and client satisfaction. This happens when software development companies join a white label program without a forethought. Several inconveniences arrive such as lack of effective communication from the white label firm and failure of timely delivery of your project. To stay afloat from all such problems, consider the following factors while selecting your white label reseller program.

  • Price Control

The price ceiling fixed by white label providers limits the profit margin of the partner. Several white label companies impose pricing restraints due to various reasons, such as maintaining tiered partnerships. Under this, the partners cannot advertise the product or service lower than the stated price category of the tier and must also follow the price ceiling very strictly.

Price ceilings vary from tier to tier to encourage white label partners to sell more to move up a level and maximize their profit. Other reasons for pricing control include balancing demand and fair pricing strategies amongst all partners. However, to earn adequate profit, we recommend you to join a reseller program with minimum pricing controls or pay close attention to terms of tiered partnership programs. In any state, a good white label reseller program should offer you 30-40% profit on each project.

  • Range of Product/Service Offerings

The greater the number of product and service offerings in the white label program, the greater your value proposition. Wider offerings also mean you can go to the white label company for various requirements and complete those projects on time. To explain it in layman terms, joining a white label reseller program with multiple offerings is like joining multiple white label programs without the hassle of complying to the diverse terms of each and every partner.

  • Documentation

Software documentation acts like a backbone of every project. It includes more than boarding manuals, such as database documentation, troubleshooting information, installation guides, software requirements and much more. Basically, having documentation will make you less dependent on the white label provider. For example, with documentation, you can perform server migration, do minor design changes and provide customer support to a level all on your own. 

Usually, the project delivery involves a copy of documentation to be given to the client but the white label partner should also be providing one to the reseller for a mutually beneficial partnership experience.

  • Technological Support

The reseller partner should confirm if the white label partner program is inclusive of the technological support. While some white label companies charge for it (meaning, to cover its costs, you will also need to charge your clients), others provide limited tech support free of cost. However, the white label service provider should usually provide support because of its complete knowledge on the software.

Under no circumstances, the white label partner can provide better support than the provider despite having a full-fledged team of developers. This is because technical support is not only about resolving bugs and issues, but also about acting on deep knowledge to resolve the problem in a quick and efficient manner.

  • Delivery Time

White label providers can have different delivery frames for each and every partner depending on his tier. To move up this tier, the partner will need to sell more. But till then, the white label provider may keep the delivery of his projects on low priority. Thus, read the terms and conditions to ensure the white label program includes a reasonable delivery time. The same goes for delivery including any customizations and customer support.

  • Demo

A white label reseller program may offer a wide range of services and products. However, the program is not profitable if the included services are not in high demand, or the offered software lacks in quality, functionality and features. Thus, if the offerings are not good or agile or fail to meet the requirements of your clients, there’s not much benefit in joining the white label program. To confirm the functionality and quality of the software, ask white label firms to provide you with a one-on-one product demo. For services, you can again ask for a demo to understand the working process of the firm.

  • Reviews

Another important factor for selecting a white label program is reviews, both software-user and reseller partner reviews. Finding the partner reviews is going to be very difficult considering that many companies sign an NDA with the white label provider. NDA is even included in the terms and the conditions of the program to protect the source of development from the partner company’s clients and competition. On the other hand, you can find user reviews of the software on websites like Clutch, G2 and TrustPilot that actively review software products to spare time for prospects.

Conclusion

With all aforementioned benefits, joining a white label reseller program is lucrative for software development companies. To sum up all the benefits in one sentence, it is safe to say that white label programs allow you to focus on your goals while sidelining complex development tasks. However, it is possible for the white label reseller partnership to take some time before bringing in the desired profit. Thus, one last piece of advice is to stick with a white label partner for a minimum of six months to see how things workout.

The White Label Reseller Program of FATbit Technology is currently open. This program offers several readymade eCommerce solutions to launch an online marketplace (multi-vendor) or store (single-vendor) in various niches. You can talk to our industry experts to book one-on-one product demos and clear any doubts.

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How To Grow Your Business With FATbit’s White Label Partnership Program? https://www.fatbit.com/fab/hire-white-label-partnership-services-company/ https://www.fatbit.com/fab/hire-white-label-partnership-services-company/#comments Tue, 26 May 2020 08:00:08 +0000 https://www.fatbit.com/fab/?p=23401 Developing a white label partnership with an industry leader can help you take your business to the leading edge. FATbit’s white label partnership program is a value-based model that extends great opportunities for businesses to scale their offerings & revenue. In this blog, I have discussed FATbit’s white label products & services in detail.

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To stay ahead in the fast-growing digital industry, you must know how to cater to the growing requirements of your clients and adapt to the evolving industry trends. One of the most effective and smartest ways to deliver top-notch services to your clients is to partner with a reliable white label service provider. According to the Global Outsourcing Survey conducted by Deloitte, 59% of businesses surveyed consider white label solutions to be a cost-cutting tool whereas 57% outsource their services to focus on their core competencies. Whether you want to expand your service offerings without expanding your resources or deliver better & faster services by hiring niche experts, a trusted white label services provider that has years of industry experience can easily cater to all your business requirements.

To understand how a white label partnership can prove to be highly beneficial for your business, you must first understand what are white label solutions and how they work. White-label services or products are developed by one company while marketed and sold by another. Partnering with a white label service provider company legally permits you to resell their products and services under your own brand name, logo, and identity.

It is of utmost importance that you choose the right firm to partner with as the quality of services developed by your white label partner company will be a deciding factor for your clients’ satisfaction and retention. Experience, reputation, positive clients’ feedback, and diverse niche expertise are some of the major factors that make FATbit a reliable white label service provider.

FATbit’s White Label Partnership Programs

FATbit aims to form a valuable association with businesses looking to expand the repertoire of their services. The partnership programs offered by FATbit are designed to empower businesses and help them gain a competitive edge in their target market. The white label partnership model extends great opportunities for you to associate with the technology leader and derive advantage from an agile team, market-leading products & exemplary services to foster your business growth. FATbit’s partnership model consists of the following two programs.

White Label Reseller Program

White label reseller program enables you to build a co-branded partnership with FATbit, where you get entitled to rebrand and resell a wide range of white-labeled products & services developed by FATbit. When you become a white label reseller, you are legally allowed to offer the products & services originally created by FATbit to your customers using your brand name.

The partnership enables you to deliver better and faster services and minimize the go-to-market time by offering the fully developed, market-ready products to your customers. This way you can incorporate an additional revenue stream into your business model while simultaneously work towards expanding your business reach.

Referral Marketing Program

As the name suggests, FATbit’s referral marketing program enables you to build greater capabilities by leveraging your corporate connections. The program presents a lucrative opportunity where you can enhance your business by spreading the word about FATbit’s market-leading products, services, and other ventures to your associates and invite them to collaborate with FATbit. All you have to do is to build a passive channel of clients and forward the details of the mature leads to FATbit. For every lead that is converted, you earn a commission or a certain percentage of profit. This program will help you establish yourself as a reliable marketing consultant and create multiple business opportunities for you.

White Label Services & Products Offered by FATbit

Having expertise in every service domain that you want to offer to your customers may not be possible in a short period of time. There are several businesses that choose to dedicate their available resources to improve their core competencies rather than distributing their efforts on countless peripheral operations. Also, it may be a case that you are overwhelmed with the amount of work and maybe considering outsourcing your work to another company. No matter what your reasons are, you can rely on white label solutions. Associating with an experienced & trustworthy white label service provider allows you to offer a wide range of services even if you don’t have the expertise in them. Here are the major white label services & products that you can offer to your customers under the partnership program.

1. Web Design & Development

Becoming FATbit’s white label partner enables you to add the web design & development services provided by FATbit to your service offerings and market them under your brand name. Your clients’ web design and development requirements are catered by the FATbit’s team of professionals but your client will relate it to your brand.

2. Mobile App Development

White label mobile app development services by FATbit enable you to rebrand and resell the mobile apps designed and developed by FATbit’s team of experienced professionals.

3. Digital Marketing

FATbit offers a wide range of digital marketing services under its white-label partnership program. Leveraging FATbit’s expertise in delivering best-in-class services, you can expand your business by offering digital marketing services like social media marketing & PPC to your clients. The team of digital marketing experts at FATbit will help your clients to grow their business online and enhance their online presence.

4. SEO

You can resell the white label SEO services offered by FATbit to your clients. The SEO experts at FATbit will work to optimize your clients’ websites but you will get the credit for the services delivered.

5. Online Reputation Management (ORM)

With FATbit’s white label ORM services, you can expand your clientele across the globe. You can outsource your online reputation management projects to FATbit and the experts at FATbit will carry out the work for you.

6. Creative Services

FATbit also offers creative services like graphic designing, infographics, motion graphics, PPT & video creation for white labeling.

7. E-Commerce Solutions/Products

FATbit enables you to resell a wide range of fully developed, ready-to-market e-commerce solutions that help entrepreneurs launch B2B, B2C, and P2P multi-vendor marketplace through the website & mobile app. These market-ready solutions are offered as white label products so that you can rebrand them with your brand logo, identity, and then resell them to your clients under your brand name. The products are designed with a customer-centric approach, hence offer complete ease of use for various use-cases. The white-label marketplace solutions developed by FATbit enable businesses to launch their online venture in various verticals like online grocery, food delivery, e-learning, online rental, on-demand cab booking, and many more. The following are the major products provided by FATbit for white labeling.

  • Yo!Kart: Multi-Vendor Marketplace Solution
  • Yo!Coach: Online Learning and Consultation Platform
  • Yo!Rent: Multi-Vendor Rental Marketplace Platform
  • VivoCabs: Online Cab Booking Software
  • VivoGigs: Event Booking Marketplace Solution
  • Growcer: Online Grocery Store Platform

Rising Demand For White Label Solutions Due To The Outbreak of Coronavirus Pandemic

The outbreak of the Coronavirus pandemic has had a massive impact on global trade and business. Every part of the world is in some type of lockdown and it has led to the downfall of the global economy. Businesses in the USA, Europe, and many other parts of the world are trimming their resources in order to cope up with the global economic slump. Many businesses with reduced workforce are considering outsourcing their projects to firms in India, China, or the Philippines so that they can provide continuous services to their clients.

White label solutions are gaining popularity amidst the COVID-19 pandemic as white labeling enables businesses to rebrand and resell the products and services developed by some other company. So, companies that are functioning with minimum resources can effectively cater to the business requirements of their clients by reselling a wide array of white label services & products.The lockdown has almost brought the brick and mortar stores business to a halt and the world has switched to online methods for fulfilling their basic requirements. Since the people are staying indoors and the markets are more or less shut, they are buying everything online. From grocery shopping to lectures & seminars in educational institutes, the world is literally functioning through online platforms.

According to a report by Emarsys, e-commerce sales in New Zealand have almost doubled during the coronavirus outbreak and the online orders through the month of March & April in the U.S.and Canada have shot up by 43% as compared to the same period a year earlier. The surge in online shopping has created new opportunities for entrepreneurs to take their business online. White labeling proves to be the most suitable solution for businesses that are planning to launch their e-commerce marketplace amidst the lockdown.

As FATbit offers B2B & B2C e-commerce products for white labeling, it saves you from the trouble of building a marketplace from scratch. FATbit’s white label products are completely market-ready, thus, you can instantly launch a multivendor e-commerce website & mobile app to get your business started. Whether you want to start an online grocery store, rental marketplace, e-learning portal, or online shopping marketplace, FATbit has fully developed products that can be easily customized as per your requirements. Also, you can rebrand these products with your brand identity and then resell them to your customers to earn profits.

Why Choose FATbit As Your White Label Partner?

FATbit stands as one of the most reliable software development companies offering white label products and services to a global clientele. The company empowers businesses to achieve their goals and expand their capabilities by offering a wide range of services. Outsourcing your services to FATbit will enable you to deliver top-notch services to your customers and take a competitive edge in your market. A multidisciplinary team, niche expertise, & the highest level of professionalism exhibited by each professional, make FATbit the ideal business partner for you.

1. Experience

FATbit has been delivering the best in class white label solutions to its clients across the globe, since 2004. Being in the industry for a long period of time has helped the company to develop a better understanding of the clients’ requirements and evolving market trends. With vast industry experience, FATbit proves to be a reliable white label partner.

2. 20+ Products

Joining FATbit’s white label partnership program entitles you to rebrand and resell a wide range of fully developed e-commerce products. With 20+ market-ready products, you can offer additional value to your clients.

3. Brand Recognition

Being associated with one of the leading companies in the industry enhances your brand value and reputation. Forming a white label partnership with FATbit helps you provide high-quality services and products that lead to increased brand loyalty and recognition.

4. Technical Support

Custom software development company, FATbit offers free technical support to its white label partners for a complete 1 year from the date of system delivery. All the technical issues or queries are instantly resolved by our team of experts. As the company provides multi-channel support,  you can easily contact the team through various mediums like email, chat, phone.

5. Vast Clientele

FATbit has been providing white label services and products to a large number of clients all across the globe. The company has developed a value-based relationship with every client by building trust and contributing to the clients’ business growth.

Conclusion

White label partnership is a new-age concept that has brought forth the idea of collaborative growth. FATbit’s white label partnership program extends great opportunities for businesses that seek to build extraordinary capabilities by scaling their offering and revenue. Outsourcing your services to FATbit can prove to be an efficiency-boosting strategy for your business as you can shift the entire focus on enhancing your core competencies while FATbit’s experts work on delivering the additional services.

Grow Your Business Fast With FATbit White Label Software

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Covid-19 Pandemic – Opportunities in Online Learning for EduPreneurs https://www.fatbit.com/fab/opportunities-in-online-learning-business/ https://www.fatbit.com/fab/opportunities-in-online-learning-business/#comments Fri, 17 Apr 2020 08:14:23 +0000 https://www.fatbit.com/fab/?p=22962 The COVID-19 pandemic has pushed schools, colleges, and offices to adopt online learning. In this blog post, we share five opportunities for entrepreneurs who wish to start their own online learning website. Continue reading to learn more.

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One sector which is going through a significant transformation during the COVID-19 pandemic is – education. Online learning is being enforced across schools, universities, and offices. There are many opportunities in the EduTech ecosystem, and entrepreneurs need to understand the opportunities before starting their e-learning business.

In this blog post, we share five opportunities for entrepreneurs and cover the pain points addressed through online learning.

The Current State of Schooling

Majority of the schools are closed due to the COVID-19 pandemic. While nations are trying to control the situation, teachers have adapted to a new way of teaching – online learning. In a short period, traditional schooling has evolved and is replaced by web conferences, virtual classrooms, and more. More can be added to the list, but most importantly, the coronavirus has taught the education community that e-learning adds convenience and can be implemented on a large scale.

Many schools in the US remain closed due to coronavirus. Northshore School District, which is one of the largest schools in the US, recently announced that all its branches would remain closed due to coronavirus as well. In a recent blog post, the superintendent conveyed that Northshore will be shifting education from the classroom with four walls to the cloud. During the pandemic, one may find many examples where schools are being pushed to adopt the online-only model of teaching.

Rising College Tuition Fee

Sending someone through a university may require financial sacrifices. The education divide is constantly widening due to rising college tuition fees. Many experts believe that academics, who are in a position to design courses for students, develop a curriculum that may not match the requirements of the current workforce. After gaining a formal college education and spending thousands of dollars, job seekers often have to sign up for short courses to improve their skill set with practical insights.

According to the Manhattan Institute for Policy Research, the cost of higher education in the US has increased by nearly 200 percent. During the pandemic, one clear alternative to attending traditional classroom-based learning at universities is e-learning. Even before the coronavirus, students were able to earn college degrees online, but the number of options was less and relatively expensive. The cost of earning an online degree is less than receiving a full-time degree, and quite remarkably, the value-add remains the same for both.

Changing Expectations on Reskilling

Most employees find it difficult to change and improve their skill set in times of perpetual disruption. Such behavior is not good if one wishes to stay relevant in the job market. Many factors contribute to shaping the future of work and increases the scope of reskilling. Some factors include – technological changes, government regulations, health concerns such as coronavirus, work expectations, and more. To stay relevant, reskilling the existing workforce involves competency-based learning as well as massive open online courses (MOOCs).

As many nations across the globe are on lockdown due to the COVID-19 pandemic, employers are seizing this opportunity to push reskilling among their employees by leveraging e-learning. Competency-based learning is being preferred by major companies like Delta Dental, FedEx, Blizzard, and more for a variety of reasons. For an employer, the benefits include improved work quality, lower operating costs, and more.

Disruption in Executive Coaching

The executive education program has seen the least traction in the past few years. There can be different possible reasons behind such slow growth. One of the primary reasons is – executive education depends on tacit knowledge. Tacit knowledge involves a mentor imparting education to an executive through face-to-face interaction. There are three fundamental components of tacit knowledge – standard teaching, lectures and discussions, and deep interactions. E-learning has begun sowing seeds of inspiration in the field of executive education as well.

The concept of online learning satisfies the three components of tacit knowledge. For example, instructor-led training (ILT) approach can be adopted by an e-learning website where the instructor can impart executive education in almost real-time and have interactions through voice and chat. Furthermore, an online learning website adds value by giving more options to the student. A student can easily hire the best teacher available on any given subject.

The Rise of Gig Economy

According to McKinsey, nearly 30 – 40 percent of the US workforce are independent contractors and freelancers. Technology and shift in thought-process have led large enterprises to embrace independent and temporary workers in the new era of Work 2.0. The search engine giant, Google, has more temporary workers than full-time employees. After observing such transformation in the corporate workforce, the education sector can add value in a unique way to complement this change.

To work in the gig economy, an e-learning website can offer short-term courses such as basics of managing a freelance profession, fundamentals of finance, setting up a website to showcase portfolio, basics of entrepreneurship, and more. The course list can also include technical subjects such as web design, web development, data and analytics, artificial intelligence, and more. Disrupting how hiring is done in startups, small and medium businesses (SMBs), and large organizations, the gig economy is here to stay.

Download our whitepaper to learn more about how the education sector is adding value to the economy.

Start your E-Learning Business with Yo!Coach Today!

Conclusion – Start E-Learning Website with Available Platform

There is a lot that the COVID-19 pandemic can teach an entrepreneur. The revolution brought in the education sector through e-learning is the most recent example. Time is of critical importance, and entrepreneurs can start their online learning website by leveraging a ready-made e-learning solution such as Yo!Coach and significantly reduce the time-to-market (TTM).

It enables an entrepreneur to build a competitive advantage and utilize many essential features that bring ease in management. Some features of Yo!Coach are – multi-lingual support, teacher slot booking, video chat, file sharing, collaborative document, text chat, rating and reviews, gift cards, and much more.

 

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List Of Best eCommerce Blogs For Retailers and Marketplace Owners https://www.fatbit.com/fab/best-ecommerce-blogs/ https://www.fatbit.com/fab/best-ecommerce-blogs/#comments Fri, 17 Jan 2020 13:22:44 +0000 https://www.fatbit.com/fab/?p=22192 Competing in the complex ecommerce ecosystem is not easy. To survive, you need knowledge that enables you to make informed decisions. From news to the latest trends, we cover the best ecommerce blogs in this article.

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Updated on: 17-03-2024

There’s a hesitation to share anything about your business with anyone — what if they steal your idea? There can be a reluctance to read about what others have done, for fear of either adopting bad advice or losing faith in your thoughts. If you talk to an eCommerce entrepreneur, they’ll tell you the biggest mistake one can make is not reading best eCommerce blogs. 

Well, I’m here to tell you to let go of that attitude and become a sponge. Starting a successful eCommerce business is challenging, and countless companies have come before you and made mistakes you can learn from without repeating them yourself. There are tons of incredible blogs dedicated to giving you free advice on ecommerce inspiration, marketing strategies, statistics on trends, and so much more. Pop your entrepreneurship bubble and absorb it all.

Best Ecommerce Blogs For 2024

1. Shopify

Shopify Blog

Let’s start in the big leagues. You’ve undoubtedly heard of Shopify, the ecommerce platform giant that you can sell your goods on — but did you know it also has an incredible blog dedicated to eCommerce marketing and running your own eCommerce business? It offers everything from practical tips and guides to features of other companies. Maybe you could be featured there one day.

2. Merchant Maverick

Merchant Maverick Blog

You want an excellent blog for small eCommerce business; Merchant Maverick has you covered. While a lot of larger companies have blogs that are focused on issues that other large companies are facing, Merchant Maverick gets down into all the nitty-gritty details of everyday challenges faced by small businesses. From an in-depth analysis of small payment processing apps to saving money on shipping costs, this blog is an excellent resource and is considered as one of the top eCommerce blogs.

3. FATbit Insights

FATbit blog

FATbit Insights aims to be the one-stop-shop for entrepreneurs and is among one of the best eCommerce blogs, whether you’re just starting and need advice on eCommerce marketplace platforms, or you’re in the thick of it and need some marketing inspiration or web design ideas. The blog goes beyond eCommerce and enables an eCommerce entrepreneur to understand different aspects of running an online business.

4.  A Better Lemonade Stand

A Better Lemonade Stand Blog

Where are you in your eCommerce business journey: Are you still creating it, are you ready to launch, or are you trying to grow? Lucky for you, A Better Lemonade Stand has content for whatever phase you’re in. It’s an excellent resource for guides, advice, and inspirational stories to help entrepreneurs all over.

5. Ecommerce Platforms

Running an ecommerce site is a lot of work. Not only do you have to handle marketing and operations, you also have to manage the infrastructure that makes your business work. Fortunately, there are a lot of ecommerce platforms out there that can help you manage everything from inventory management to shipping and logistics. Ecommerce Platforms aims to compare the most popular ones and give you an unbiased opinion to help you choose the best one for your needs.

6. 3dcart

What better resource is there for eCommerce expertise than the blog of one of the longest-running eCommerce platforms? 3dcart has been helping people build their own online stores for more than two decades, and their writers regularly release excellent articles with in-depth guidance based on the latest knowledge. Their archive is extensive, meaning there is a blog post to answer just about any question that merchants could have.

7. Get Elastic

Get Elastic Blog

On the technology side of things, Get Elastic has you covered and is considered as one of the best eCommerce blogs. It focuses on the latest and most significant breakthroughs and news in the tech sphere, from eCommerce trends to how new technology can (and will) impact your business in the future. Its latest articles focus on everything from cryptocurrency to the Internet of Things, but the most important reason to read it is to keep an eye on the future.

8. Ryan Robinson

Ryan Robinson Blog

For a more personal look at one entrepreneur’s journey, enter Ryan Robinson. He features other entrepreneurs on his Side Hustle podcast, along with guides to making money blogging, and he frequently writes long-form articles with everything you need to know about vital online marketing topics like keyword research and email marketing.

9. Printful

Printful Blog

Printful: a custom, on-demand printing and fulfillment service, and excellent blog resource? Believe it or not, Printful has an incredible blog filled with a massive variety of unique content. They feature marketing advice (including a full Instagram hashtag guide), an eCommerce platform guide (SEO, Amazon, Shopify, Etsy), and even style and trend articles ranging from interior design tips to choosing the best heather grey shirt. They’re a goldmine of advice for businesses at every stage and in any industry.

10. Red Stag Fulfillment

Redstag Fullfilment Blog

While Red Stag Fulfillment is a third-party logistics company and frequently features 3PL topics, we also provide guides, resources, and infographics on just about anything eCommerce-related. We’re big on data-driven tips and practical guides you can apply to your own business.

11. TechCrunch ECommerce

TechCrunch eCommerce Blog

TechCrunch is a little different than many of the other companies on this list, as it is solely a publishing company and not another business with a blog. Its sole job is to publish news, analysis, and articles about technology, and of course, it has an eCommerce section. For the latest tech news and profiles of up-and-coming tech-focused companies, stop by TechCrunch’s blog.

12. Multichannel Merchant

Multichannel Merchant Blog

No-nonsense Multichannel Merchant is one of the top eCommerce blogs which offers a wealth of articles in three categories: eCommerce, Marketing, and Operations & Fulfillment. Taking more of a broad view, they publish everything you ever wanted to know in each space, including news, commentary, and guides.

13. Bootstrapping ECommerce

Bootstrapping eCommerce Blog

You’re on a budget, and you’re tired of reading articles advising you to spend thousands of dollars on platforms, software, and advertising. Bootstrapping eCommerce gets it. It gives excellent advice in its blogs, which are all focused on how to get started as an entrepreneur with the smallest investment possible.

Learn From the Best Ecommerce Experts

The most significant favor one can do for your burgeoning eCommerce business is to collect all the information you can from others who have been there and done that and use it to your advantage to do it better than you ever could have dreamed. What blog is your go-to for eCommerce tips and guides? Whom did we leave out? Let us know in the comments.

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