Time Spent by Users in Swapit is up 91%

We’ve been working hard on making Swapit more and more useful for our buyers and sellers on Swapit. So it is great to see that our stats are up by 91% for the time our buyers and sellers spent inside our Swapit apps (Android & iOS combined) in the last 60 days compared to the 60 days before that. Here is a chart of that:

2017-03-10_time-spent

swapit_marketing-chart-growThat’s exactly what we’re working for. It is our goal to make Swapit the best trading platform for all of our buyers and our sellers. Yet an average of 5.9 minutes spent per user per day, is not even close to what social networks like Facebook for example have. However, our goal with Swapit is not to waste people’s time in our app. Our goal is very simple: Make it easy for our sellers to sell their stuff quickly and make it easy for buyers to buy products quickly. Though, it’s a good thing for us, that people appreciate our app and like to stay in there, browse around and have a good time — we do still want to make it easier and quicker for them to buy and sell. If that would mean, that the time spent inside our app goes down, then so be it. In the end, we can only be measured by the transactions that are processed through Swapit.

Have you tried Swapit yet? It’s free. Get it from: http://get.swapit.la/now

Patrick from Swapit on the #impact Podcast about Reducing Waste, Social Impact, Entrepreneurship and more…

logo_small-redAfter our Swapit for Social Good pitch, Regina from #impact reached out to me for a podcast. Of course, I was happy to share my views on how Swapit can have an impact in the world and Regina was kind enough to drop by our office and have a little chat with me.

I have just listened to the entire podcast for the first time and it was actually fun listen to it. There is even a short childhood story of me selling stuff at school back in the 90’s. Every now and then, some of my childhood friends still bring that up when we meet up for drinks at the bar. It’s actually quite interesting how these childhood experience can shape your life so many years later.

Feel free to listen to the #impact podcast #3 at: #3: A NEW DAD ON A MISSION TO REDUCE WASTE

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If you’d like to check out Regina’s other podcasts, you can head to her website hashtagimpact.com or subscribe to the #impact podcast on iTunes.

Thanks again Regina for having me on your Podcast. Keep up the good work!

Have you tried Swapit yet? It’s free and you can get it at: http://get.swapit.la/now

Swapit Update: Follow Sellers and Build Your Social Graph for E-Commerce

swapit-blog_downloadWe’ve just updated Swapit with these key changes:

  1. FOLLOW sellers for new items they post
  2. User profile re-design
  3. Minor bug fixes and performance improvements

Get Your Update Swapit Today: http://get.swapit.la/now

2017-02-10_follow_sellers_social_584

While the “follow” feature sounds like an easy and simple addition at Swapit — and it was technically easy and simple for us — the following of other Swapit users catapults the Swapit platform into the universe of social media or more so, social e-commerce.

CREATING A NEW DISCOVERY CHANNEL

When buyers start following sellers, all of a sudden, a new channel for product discovery is created. Sellers with more followers will have a higher chance of selling their products faster.

BUILDING A SOCIAL GRAPH FOR E-COMMERCE

Swapit’s great and engaging community can now connect directly with each other and follow each other on a 1:1 social connection. Through that, Swapit will be able to build up a social graph based on the user to user following that allows us to better serve both our sellers and buyers on the Swapit platform. In the future, we will be able to provide more targeted content to buyers compiled from their following profile, combined with the items they like and the categories they have been posted in. Traditional classified media are not able to do this. They will lose in relevance over time because they can not provide targeted content to their users. This simple “Follow” feature is one key part to provide very targeted content to our Swapit users. Stay tuned for more changes on that front.

swapit_screenshot_beta_1-14-8-2_2_mockupMAKING IT DEAD SIMPLE

As always, we only add a new feature to Swapit if it is super easy to use. At Swapit, we aim for a “zero-learning-curve” product, which can be used out-of-the-box without the need for reading any user manual. Our latest “Follow” feature is no exception to that. In any user profile you can now easily hit the “Follow” button and you’ll be following that user from now until you unfollow that person. It’s really that simple.

LISTENING TO FEEDBACK

Besides the fact that we had this feature on our roadmap from the onset, the great feedback we collected from our loyal Swapit users via surveys and other channels, has led us to raise the priority for this feature. As a result, we’ve added this now and not at a later stage. Our roadmap for product improvements to make our marketplace even more efficient, is almost endless. We constantly receive feedback and suggestions from our user-base, which is extremely valuable to us and is always put into consideration when we make adjustments to our roadmap. Therefore, thanks a lot to everyone who has provided their feedback thus far. We trust you will keep it up and we love you for it!

Have you tried Swapit yet? Give it a try, it’s free: http://get.swapit.la/now

The State of the Buy & Sell Market in Hong Kong – 2016

Swapit has seen some phenomenal growth in the year 2016 that has just passed. Our community has increased significantly and the activity on our marketplace is growing day-by-day. To ensure, we are addressing the right audience, we keep a close eye on how our users are using Swapit, what’s useful, what can be improved and especially what kind of content they like.

While we already see growing traction across the globe, our core user base is still in Hong Kong. So we have gathered all the products being posted on Swapit in 2016 and looked at their categorization. There is an interesting shift from our previous analysis in March 2016, but please have a look yourself:

swapit_trade-stats_2017-01_1440x1080

So our top 3 product categories are now:

  1. Fashion
  2. Jewelry & Watches
  3. Consumer Electronics

Compared to our previous chart from March 2016 that’s a bit of a shift. In March the top 3 categories were:

  1. Consumer Electronics
  2. Fashion
  3. Home Appliances

I am already excited how 2017 will turn out. We have some serious changes for Swapit in the making and our growth projections are even more exciting. Stay tuned for more on that!

Have you tried Swapit yet? Get it at: http://get.swapit.la/now

$1.5 Billion GMV on Swapit ↗️ 15x in 4 months

2017-01-01_1bln

Just a little over 4 months ago Swapit’s GMV posted on our marketplace had surpassed $100 million, but in early January we surpassed the $1.5 billion, which is $1,500 million! That’s an incredible growth if you consider that it took us 6 months to move from $0 to $1M,  11 months from $1M to $30M and just one month from $30M to $100M of GMV posted on Swapit.

That’s up +1,500% over just the last 4 months.

We’ve launched several an app updates in between, which made it easier to post items through our app, to promote it to your friends on social media and to discover new items (see Swapit AlertsMake an Offer, 60k Facebook Group, License to Kill, Best User Experience, My Likes, Swapit Referral, and more). At the same time, we’re adding more value for our users, which we prioritize mainly based on feedback we receive through surveys and direct conversations. It’s great so many reach out to me directly and that feedback makes it directly onto our feature list for upcoming releases.

So stay tuned for the next Swapit release. It’s just around the corner and will be launched soon!

Right, we’ve also given away a great prize to the winner of our POST+WIN campaign. Make sure you join!

You didn’t try Swapit yet? Download it for free at http://get.swapit.la