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

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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

Swapit Traction Update – 160,000 Traders on Swapit

We are proud to announce that Swapit just recently exceeded 160,000 registered traders on our hyperlocal marketplace!

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Over the past 12 months, that is an incredible increase of 2,105%! At the same time, all of our other metrics (listings, sold items, chat messages, comments, likes, etc) are growing at least at the same pace. This has a lot to do with our focus on marketplace liquidity and the growing and maturing environment of our still very young marketplace.

Have you tried Swapit yet? Go to: http://get.swapit.la/now

Want to check out our previous traction updates? Just go to the Traction category on our blog.

Focusing on Growth

img_20161016_202644_editI recently tweeted this screen shot on the right. Being super focused on growth and accelerating that growth seems to be paying off.

We’ve done a lot of things recently to ensure more and more people are coming to Swapit and trade their stuff there. We’ve been present at public events, which come with photo ops. We made it easier to share and share to all popular social media, which spreads our Swapit item links (a.k.a. web teasers) and in turn drives more users to Swapit. We’ve brought “Make an Offer” to Swapit, which results in sales closing faster and buyers and sellers being more satisfied with our platform. We’ve made it easier for sellers to cross-post their items into many buy & sell Facebook groups reaching over 700,000 people instantly. We’ve introduced Swapit Alerts, which resulted in higher user engagement – especially on the buyer side – and therefore helps to grow our user base through word of mouth by more satisfied users. We’ve grown the total GMV posted on our platform from $1M to $30M to over $100M. To make it easier for our users to post items on Swapit, we’ve made several changes to the product, which are well received by sellers.

At the same time, we’ve been working with partners to grow our user base. We ran several promotions with happy winners, we’re constantly talking to admins of groups on social media, forums, websites to collaborate. We launched Swapit on the iPhone and its users have an even higher engagement rate. We also placed some great Swapit beach umbrellas across some beaches all over Hong Kong. I am still getting friends asking me about it, because they saw one on a beach. We’ve also gotten some great media coverage over the past months, which always takes a while to kick in.

Upcoming Growth Improvements

swapit_marketing-chart-growOf course, we don’t stop here. We are constantly improving Swapit with one single goal: Increasing our marketplace liquidity. That means making buyers and sellers happier and giving them the right tools to do their trades on our platform and not somewhere else. It also means, making it easy for them to transition to Swapit. Changes in that direction are coming in the very near future. Stay tuned for what’s to come. There will be some more great drafts towards growth.

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

$100 Million on Swapit ↗️ 333% in a month

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Just a little over a month ago Swapit’s GMV posted on our marketplace had surpassed $30 million, but now we just surpassed the $100 million. That’s an incredible growth if you consider that it took us 11 months to move from $1M to $30M of GMV posted on Swapit.

That’s up +333% over just the last month.

We’ve launched an app update 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 Alerts and Make an Offer). 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 INVITE+WIN campaign, we got accepted into the Cyberport Incubation Programme, .

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

$30 Million on Swapit ↗️ 30,000%

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Over the last weekend, Swapit’s GMV posted on our marketplace has surpassed $30 million. That’s an incredible growth if you consider that only 11 months ago we surpassed the $1M mark of GMV posted on Swapit.

That’s a total increase of +30,000% over the last 11 months.

Over the past two weeks, we’ve seen a very good number of new items being posted on Swapit due to our SELL+WIN promotion and perhaps the funny videos we published.

We are currently working hard on getting the next Swapit update to you. It will be Android beta 13 and iPhone beta 4. It will launch with a great new unique feature that utilizes our efficient buyer/seller matching based on our proprietary spacial algorithms, combined with instant push notifications. In the end, buyers will get a new way to customize their experience and sellers will be able to close deals faster. Stay tuned for the next update coming your way very soon!

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

Swapit has Surpassed 100k Downloads on Google Play

Screenshot_2016-05-02-11-04-30Last weekend was a long weekend and right on Labour Day, Swapit managed to surpass the 100,000 download mark on Google Play. It’s great to see so many people being interested in Swapit and downloading it. Our iOS app is getting better every day, but it’s still not quite ready to launch yet, though. I am absolutely convinced that once we launch on iOS we’ll be doubling our users in a rather short time. So we are working hard on launching on iOS soon. Anyone who’d like to join our current iOS private beta can leave their contact details here.

Have you tried Swapit yet? You can download it for free from http://get.swapit.la

Swapit Traction Update – April 1st +82% User Growth in One Month

On March 1st we had a great 31,810 users on Swapit. Today on April 1st, 2016 Swapit has continued to grow to a good 58,138 users!

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Compared to our last month’s 82% growth of users, we managed to grow at a surprisingly steady pace in the past thirty-one days at about 83% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la

Read up all historic traction updates from us here: https://swapitblogit.wordpress.com/category/traction/