Creating a universal reputation system for sellers on online marketplaces is a basic and smart idea that is definitely needed – just like the umbrella or zipper. We’re all familiar with friends or family that have regretted purchasing a product online, because they did not get what they expected. It’s a problem, because with every new marketplace an experienced seller needs to rebuild his/her reputation, so naturally many of the best and most trusted online sellers stay in their top market,
Fortunately for all of us, eRated has decided to embark into a global market of approximately 100 million sellers across close to 1000 marketplaces worldwide. Instead of each seller rating being unique to that specific marketplace, eRated aggregates social media profiles and all the ratings, feedback, comments, and other info, from all the sellers profiles into one rating – an eRated score. The eRated score can then be used on all your marketplaces, so you don’t start from zero.
The results are in – and they are through the roof.
With more information, buyers will know more about sellers and are therefore more likely to buy. We’ve seen a jump of 10-30% in conversion rates in partner websites.
We have to give credit to the team at eRated for creating an easy to use dashboard. We created an account, without having to register for five minutes, and connecting online marketplace profiles was a piece of cake. Not to mention that the dashboard has a clean and easy to understand display.
Recently, eRated began conducting seller interviews to discover what needed to be improved upon, and through this understand that sellers like what they are getting (lots of information) out of eRated. Remember how we said that we really like the display, well it is going to get even better – more options regarding layout and display that will make the tool even more personalized.
As a TechStars London funded company and one that has received funding in two successful rounds, it’s time for them to help even more sellers, hence Interested angels, VCs and anyone with change in the sofa are always welcome to get in touch with them
- 150K online sellers using eRated
- 20% increase in sales on average
- 900K reviews imported
- 20 marketplaces – including
- Ebay, Amazon, Etsy, Dawanda, Facebook, Twitter, LinkedIn, Vinted, KleiderKreisel, Air BnB, Votocvohoz, and Roomorama
With eRated, you are now the same reputable seller no matter where you go.