Between the 18th and 23rd of March, the team at Online Marketplaces ran a comprehensive 60 question survey of the online classified and marketplaces industry to understand the impact that the Coronavirus was having on their businesses.
Download your free version of the survey results by clicking here.
190 C-Level leaders responded to the survey providing details on the impact on their finances, their customers, HR, product development, capital raising and the visitors to the site.
What the survey results show is that the Coronavirus will have a massive impact on online classifieds and marketplaces around the world. It will impact all parts of the business and almost no one will be immune.
Leaders are expecting the impact of the Coronavirus to last for 18 months until their businesses return to normal. Head count will be reduced driven by dramatic falls in revenues as the advertisers – agents / developers / car dealers etc. – all come under enormous financial pressure.
To help online classifieds and portals make the most sense of what is happening, the Online Marketplaces Group is running its second FREE webinar on the 6th April.
Click here to register
The theme of this webinar is “A Deep Dive into the Revenue and Cost Initiatives Portals and Marketplaces are Implementing”.
Looking at what the REAs, Rightmoves and Zillows of the world are doing is not very instructive. They are profitable or have significant cash reserves. They are operating in established markets where the market structure is well defined. However, most portals and marketplaces operate in a more tenuous environment and need practical examples of what they can do to survive in the current turbulent market.
This webinar will use practical examples from portals around the world to understand what they are doing, the impact it is happening, and how their customers are responding.