A review of Multiply Marketplace – the number one online store in Southeast Asia and the 2nd most popular social network in the region.
Multiply Marketplace is home to Southeast Asia’s largest group of online merchants with millions of shoppers from Philippines, Malaysia, Indonesia, Singapore, Thailand and Vietnam.
Multiply is a one-stop social networking site and online store where merchant-bloggers can setup their online stores of beauty products, fashion, computers and everything else worth buying in the planet. Online merchants have access to unlimited storage for high-resolution products images and videos where shoppers can better appreciate their products and feel like buying products in actual shopping stores.
Its promotional tools, Multiply Trust and Multiply Promote help online merchants reach more online shoppers of their liking to promote and sell their products.
Why Multiply is a trusted Marketplace?
Multiply isn’t just Southeast Asia’s 2nd biggest social networking site. Founded on 2004 in Indonesia, it is also a virtual marketplace for millions of online shoppers in the region and one of the largest in the world. After its official 2004 start, Multiply let go of its marketplace offering and closed shop for a while. In 2007, Multiply had to give in to popular demand and opened its Marketplace to floods of merchants instantly opening their stores that counts to tens of thousands today.
Also, having three big Asian industry leaders in computing, advertising, entertainment and product innovation on its top positions gave Multiply Marketplace the edge to dominate the market. Its top officials know the Asian market well. They know what sells and how to sell their products, the Asian way. It means, with the right amount of privacy and protection, user flexibility and unlimited storage. With all that to offer, Multiply Marketplace became the online shopping destination leader that it is today.
What everyone’s saying about Multiply Marketplace?
Online merchants, shoppers and review sites are all raving about Multiply’s online stores, advertising options for online merchants and the great products available at its Multiply Marketplace. Multiply Marketplace is definitely a best-seller.
Anna Catherine shares her purchase with one of Multiply’s Online stores, School of Satchel.
I bought 3 pcs 11inch satchel for me and my 2 sisters, and we are loving it. It’s way too gorgeous than we expect. Very nice leather and colors, plus the sewing details are perfect! Thanks Chi for being so accommodating and for having such excellent products. We love SOS!
Fleire Castro, owner of Multiply Online Store Third Team Media, gives a thumbs-up for Multiply’s advertisement options.
When I get to finish adding the details to one product, I was immediately given the option to run an advertisement for my product. This is actually good for those who are too lazy to think about setting up ads for future use. It would save them time and would immediately get the word out about your product throughout the marketplace.
GrayView.com also noted the praise earned by Multiply.
Multiply already been praised for its integrated media management feature and the social shopping function is the latest addition to the social network. The social shopping feature is a natural progression for Multiply, as it continues to craft and define its key distinctive advantages in the increasingly competitive social networking service marketspace.
What makes Multiply Marketplace the choice for online shoppers?
Multiply has been 8 years in business with the rate of success it has managed to build is largely an Asian success. Multiply is a global company but chose to base at the heart of its largest market, Southeast Asia. Specifically, Philippines and Indonesia. Multiply owes its impeccable credibility to its tens of thousands of online merchants and millions of shoppers around Southeast Asia and bloggers that are mostly from the US, Brazil and India.
Still, it is Multiply’s good sense of privacy options to bloggers and online merchants that made it a hit. As a social networking site, it’s introduced a unique and less-invasive option of creating a network exclusive to people related or only known to the user. Multiply plotted the same privacy options for its online merchants where they can choose what products to sell to specific people.
And to drive Multiply’s business credibility to a conclusive point, it’s also awarded as a finalist in the Open Web Awards in 2008.
It is no wonder then why millions visit and shop online in Multiply’s Marketplace where shoppers can find virtually almost anything they need and want with thousands of choices from accessories, electronics, computers, dresses and bags. It is one of the largest online shopping destination in the world and currently, it is Southeast Asia’s top shopping destination. Not only that, amidst all the craze for social networking sites, it is also the 2nd largest social network in the region.
A Multiply cross-posting update has just also been integrated with its already impressive features. It may have come a little late but Multiply surely hit the right note with this update that will surely add up to its popularity among Facebook and Twitter users.
Multiply cross-posting to Twitter and Facebook integration will add to its list of promotional options for its online merchants to promote their products. But, of course, it’s cross-posting feature is a one-way street. Users can only post from Multiply to the two social networking sites and does not work the other way around.
At Multiply Marketplace, it’s secure shopping with guaranteed buyer protection
Multiply’s powerful privacy settings allow merchants & shoppers to have flexibility in their products sharing and shopping options but, with optimum protection. Online merchants have total freedom about what products to advertise to whom they want and when they want.
Multiply Marketplace also has flawless payment security. They use variety of data transport security measures to protect shoppers and merchants information during payment transactions. Multiply primarily uses SSL to ensure that all data transfer that goes through the site are well-protected.
Multiply also guarantees safe and secure online shopping through its Trusted Seller, Trusted Merchant and Trusted Business Seller seals. Online shoppers are encouraged by Multiply to buy products only from sellers with any of the three seals and send payments only through Multiply’s Shopping Cart. Users who do so are become eligible for Buyer Protection when something goes wrong with their purchases.
Multiply’s Buyer Protection works simply. A buyer can file for a Buyer Protection within 45 days after the purchase and when all means have been exhausted to settle problems with the seller. When Multiply Marketplace receives a Buyer Protection claim, it first verifies that all means have been exhausted by the buyer to settle the problem with the seller. Multiply also contacts the seller to facilitate the immediate resolution of the shoppers’ problem. Multiply asks proofs from the buyer and the seller such as message links, pictures of purchased product in complaint and proofs of delivery. When Multiply Marketplace proves that the buyer was not given the right product, it will award a maximum of $500 or RP4,500 depending upon the amount of the purchase. It might just take a while for the Multiply Buyer Protection to be resolved, though. It usually takes up to 30 days to get hold of the Buyer Protection award.
Multiply’s security features are obviously well-appreciated by its online merchants and millions of shoppers and no doubt, why it was able to build itself to become Southeast Asia’s largest online shopping destination.
It’s free and nothing can beat it
The best thing about Multiply Marketplace is that online merchants need not to worry about payments when setting up online stores with the site. Online merchants are free to sign up with Multiply Marketplace and create their online stores and blogs, upload their products images and videos and share it to Southeast Asia’s No.1 online shopping destination, the Multiply Marketplace.
However, 93% of Multiply Marketplace online shoppers prefer to shop from online stores which has the Trusted Seal. So, for online merchants who seriously want to establish themselves to millions of Multiply shoppers, they need to purchase Multiply’s Trusted seals. New online merchants can purchase the Trusted Seller Seal for about $73 for a year while an online merchant with at least a 1-year Multiply online store can purchase the Trusted Merchant Seal for $97 annually. Its top Trusted business Seal can only be purchased by Trusted Merchant Seal holders who belong to Multiply’s top online merchants.
The Multiply Marketplace Trusted Business Seal can be bought for around $243 for a year. Multiply’s Trusted Seals prices are really affordable compared to expenses when online merchants setup their own online stores through eCommerce Hosting. With Multiply Marketplace, online merchants can simply sign up for free and have instant access to free easy-to-use tools, promotion tools, social networking site cross-posting and unlimited storage which mean unlimited products upload. I’ve checked other eCommerce Hosting sites and I didn’t find any that offers unlimited storage either for free. I also didn’t find any kind of online store hosting that offers Multiply Marketplace features at the same price range.
BigCommerce.com is the closest match to and found out that it can only offer up to 10GB of space, $100 Free Adwords and a shopping cart for a costly monthly price of $299.95. That amount can already buy 4 years of Multiply Trusted Seller seal!
Most payment methods available online
Multiply Marketplace only hosts the online stores but does not make the sales so the shipping rates are set by the seller depending upon the volume of products bought by the shopper and the location for the shipping. All shipping arrangements are settled between the buyer and the seller and only when problems arise with purchased products and a Buyer Protection claim or complaint has been filed that Multiply can interfere and act to resolve problems.
Multiply’s payment method is one of its strongest suit. Multiply allows payment through major credit cards, Paypal and even allows payments through local banks and online cash transfers such as in Indonesia and the Philippines. So far, Multiply Marketplace is at the top list of having the the most payment options available to online merchants and shoppers.
Multiply Buyer Protection available to buyers of products from Trusted Seal holder-merchants is just one of the many security options that earn the trust of millions of its Multiply Marketplace shoppers. The Buyer Protection is a purchase guarantee protection that guarantees a buyer refund with a maximum amount of $500 if the products purchased are shipped incorrectly or do not have the same quality as previously stated by the buyer.
The Buyer Protection can be claimed within 45 days since the buyer’s purchase and when the buyer has already exhausted all means to settle the purchase problems with the seller but fails. Multiply Marketplace have verification mechanisms in awarding a Buyer Protection claim and it can usually take up to 30 days. It takes time to claim the Multiply Buyer Protection but it’s still a sizeable money award just in case shoppers encounter problems.