Could BidX1 Be The Ideal Model For Our House-bound Times?

March 24, 2020
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Since the outbreak of the COVID-19 global pandemic, we have published several horror stories here at Online Marketplaces. Today, however something positive in the online classifieds industry came up as we trawled through the news.

It comes from the Irish digital property platform BidX1. Whilst traditional portals and agencies toil against the economic tide with many confessing in our industry poll* to heavily revised budgets and cutbacks, Stephen McCarthy’s outfit seems to have bucked the trend. Yesterday they announced that they have secured a new tranche of properties for auction with a value of close to £30 million.

The Dublin based company’s platform allows users to sign up to buy and sell property through their phone from wherever they are in the world. Stephens attributes success in these dark times to several factors such as software that is “proprietary, developed and managed in-house,” which lends the company a degree of flexibility other don’t have.

The business is present across 4 countries already and it will be interesting to follow the evolution of this model, especially as end-user behaviour and expectations will undoubtedly change in the near future.

*Sign up to our webinar series for expert guidance and insights from the industry-wide poll.

March 24, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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