12 Best Programmatic Advertising Platforms to Use in 2022

Programmatic advertising platforms solve a problem for both publishers and advertisers.

For publishers, they help maximize advertising revenues by auctioning ad space to millions of advertisers worldwide. For advertisers, they expand reach and leverage data to target very specific audiences.

When done well, this means more profit for both groups, and who doesn’t like that?

What Are Programmatic Ad Platforms?

Programmatic ad platforms provide a real-time marketplace for buying and selling ad space. They link the millions of publishers to the marketers looking to place strategic ads across the internet.

All of this happens in the blink of an eye:

  1. A visitor arrives on a website.
  2. The publisher captures the impression and relevant data on the website visitor.
  3. Advertisers bid on the impression.
  4. The highest bidder places their ad.

You need some powerful software working in the background to make all this work. This is where programmatic ad platforms come in. The types of platforms are broken down into four categories: demand-side platforms, supply-side platforms, ad exchanges, and data management platforms.

The supply-side platforms work for the publishers, collecting data and serving it to the ad exchanges. The ad exchanges then serve this information to demand-side platforms that work on behalf of advertisers, creating an auction for each ad impression.

Collecting data on each ad impression allows publishers to sell ad space to the highest bidder, and allows advertisers to be extremely targeted with their advertising (here’s how you can identify who to target).

This has been an extremely successful formula as spending on programmatic advertising has pushed well past $155 billion a year and continues to grow.

Benefits of Using Programmatic Ads Platforms

Why do advertisers love programmatic ads platforms?

  • huge reach
  • detailed targeting
  • efficiency
  • flexible and scalable

There are many benefits, but the most crucial is the ability to scale. The best programmatic advertising platforms give you instant access to millions of publishers around the world, allowing you to reach your target audience wherever they are.

This is one of the reasons 76 percent of marketing professionals are using programmatic advertising to some extent.

Reaching out to all the different sites manually would take a lifetime, but with programmatic advertising, it happens in real-time.

Of course, not every publishing site serves your target audience, so one of the most important elements of programmatic ads platforms is the ability to reach an extremely targeted audience in real-time. These platforms run ads on a huge scale, collecting a lot of data that is leveraged to improve ad performance.

When you work with a programmatic ads platform, you’re able to set specific parameters for where you serve ads and who you serve them to. This is a huge advantage.

In fact, 73 percent of marketers believe audience targeting is the most effective tactic for programmatic advertising.

Access to so much data also allows you to become more efficient. Everything happens in real-time, so you’re not working on outdated information or paying for ads based solely on historical trends. You’re making a specific bid for that exact impression using a highly attuned algorithm, taking your efficiency to a new level.

Lastly, the instant nature of programmatic ads platforms makes them easily scalable. You have no long-term agreements with publishers, so you can adjust your ad spend according to your needs.

Say you want to run a quickfire sale. You can use programmatic advertising platforms to immediately boost your reach while reaching the exact audience you specify.

Types of Programmatic Ads

There are five key types of programmatic ads:

1. Display ads: Ads placed in the header, footer, and sidebar of a publisher site.

Types of Programmatic Ads - Display Ads

2. Video ads: These ads appear in a video, either before the video begins (pre-roll), during the video (mid-roll), or when the video ends (post-roll).

Types of Programmatic Ads - Video Ads

3. Social ads: Ads are automatically served on social media using the platform’s data.

Types of Programmatic Ads - Social Ads

4. Audio ads: Ads served in audio content such as podcasts.

5. Native ads: These are ads that follow the form of the content they’re shown in, for example, in content ads, or a promoted listing on Amazon.

Types of Programmatic Ads - Native Ads

When shown on a publisher site, all of these types of programmatic ads tend to be referred to as display ads, but in the programmatic ads platforms, there is a difference.

Most advertisers look to use a mixture of these formats, but you can adapt your approach to fit your target audience.

12 Best Programmatic Advertising Platforms

Programmatic advertising is everywhere and nearly every advertiser is using it, even if we don’t realize it. While your mind might be drawn to a few well-known big players, there are lots of programmatic advertising platforms out there, each with its specialties.

Here’s a look at the 12 best programmatic advertising platforms.

1. PubMatic

Best Programmatic Advertising Platforms - PubMatic

PubMatic offers comprehensive solutions for both publishers and marketers, making it a complete programmatic ad platform.

Features include a private marketplace of high-quality ad inventory, a wide range of ad formats and channels, powerful real-time analytics, and fraud-free program refunds to protect against fraudulent activity.

With over 1.2 trillion ad bids per day, PubMatic is certainly popular, and its excellent supply of high-quality ad spots is frequently cited.

2. MediaMath

Best Programmatic Advertising Platforms - MediaMath

MediaMath is well known for its end-to-end campaign management and omnichannel ad campaigns, and it’s trusted by over 3,500 advertisers.

It’s particularly good at data integration, allowing advertisers to reach their most valuable customers through the MediaMath audience feature. With ad options for display, native, video, audio, and Digital Out of Home ads, every base is covered.

Known for great service and support, the MediaMath team is there to help marketers get the most out of their campaigns.

3. Google Ad Manager

Best Programmatic Advertising Platforms - Google Ad Manager

Google Ad Manager is a massive programmatic advertising platform working on the supply-side to monetize publishers’ content.

Nearly 75 percent of ad impressions served in the U.S. are through Google Ad Manager, which makes it a powerful partner for reaching your audience, no matter where they hang out online.

The great thing about Google Ad Manager is it’s incredibly easy for publishers to get set up and start serving ads. It offers good tools and analytics, but it’s not always known for providing the best value (RPM).

4. Adobe Advertising Cloud

Best Programmatic Advertising Platforms - Adobe Advertising Cloud

Adobe is a huge name in software and also provides one of the best programmatic advertising platforms in Adobe Advertising Cloud.

It specializes in connected TV, video, display, native, audio, and search campaign ads to offer advertisers a complete solution. With a focus on people-based marketing and inventory management, it’s a great tool to maximize return on your budget.

The user interface does take some learning, but once you get the hang of it, it’s a great platform to help you maximize your return on ad spend.

5. War Room

Best Programmatic Advertising Platforms - War Room

War Room brings together the power of advanced programmatic technology and human insights to deliver search, display, social, video, native, audio, shopping, and even Metaverse advertising.

With access to over 90,000 premium ad networks, it has something to offer advertisers of all sizes.

6. AdRoll

Best Programmatic Advertising Platforms - AdRoll

AdRoll is powered by 15 plus years of data collected from working with over 120,000 brands. It’s quick to set up and easy to use, offering high-quality ad templates to help you get started immediately.

One of the key benefits of AdRoll is its solid audience targeting, with options for contextual, lookalike, demographic, and interest-based campaigns.

It prides itself on maximizing returns for businesses of all sizes, from global corporations right down to the one-person marketing teams.

7. Amobee

Best Programmatic Advertising Platforms - Amobee

Amobee brings together different types of programmatic ads to create a complete advertising campaign. With ad options for TV, connected TV, digital, and social, advertisers can engage their target audiences in a truly omnichannel strategy.

With a great understanding of how people consume content across different platforms, Amobee can help advertisers to coordinate their campaigns to achieve maximum results.

8. SmartyAds

Best Programmatic Advertising Platforms - SmartyAds

SmartyAds’ programmatic ads platform offers a full stack of services for both advertisers and publishers. Its core aim is to simplify advertising, allowing businesses to prioritize who they trade with.

For advertisers, it’s an excellent tool to improve CTRs and boost conversions, while it also helps publishers achieve higher yields and fill rates, and improve engagement.

SmartyAds has over 500 million monthly impressions in North America alone, so it’s a popular option for both advertisers and publishers.

9. Criteo

Best Programmatic Advertising Platforms - Criteo

Criteo works largely on the supply side, helping publishers to create more revenue from their content.

It works with social media, video, display, web, and mobile ads to help small publishers monetize their content. Using large-scale purchase and intent data and the power of AI, it improves ad returns for over 685 million daily active users.

10. Xandr

Best Programmatic Advertising Platforms - Xandr

Xandr is responsible for 6.7 billion ad impressions daily and works with over 193,000 brands. It offers both demand and supply services and functions as an ad exchange for a variety of different ad types.

One of the most impressive features of Xandr is its incredible data, which allows advertisers to enhance their buying strategies. It offers an easy-to-use interface and has all the tools advertisers need to optimize campaigns.

11. Lotame

Best Programmatic Advertising Platforms - Lotame

Lotame is primarily an ad exchange, helping advertisers connect with consumers across browsers and mobile CTV.

It offers excellent audience management tools, using data to onboard, analyze and model customer segments. Using publishers’ data, the platform enriches audience segments, allowing advertisers to buy off-the-shelf segments to optimize their marketing reach.

Lotame prides itself as being future-proof in a cookieless world, which is a great selling point for today’s businesses

12. The Trade Desk

Best Programmatic Advertising Platforms - The Trade Desk

The Trade Desk is an ad exchange that allows publishers to sell targeted ad space to advertisers around the world. It’s an ideal platform to collect, manage, and activate data all in one place.

A key feature of The Trade Desk is its ability to use lookalike modeling to help advertisers reach new, targeted audiences to expand their market share.

With access to high-quality audiences from a vast list of data providers, it’s a highly rated programmatic advertising platform.

Programmatic Ad Platforms Frequently Asked Questions

Is Google Ads a programmatic ads platform?

Google ads is a programmatic ads platform working on the demand side. It provides a platform for advertisers to bid on advertising space in real-time, creating an auction and awarding the impression to the best bid.

Does Facebook have a programmatic ads platform?

Facebook offers a demand-side programmatic ads platform much like Google Ads. It sells advertising space in real-time, creating an auction for each impression.

How do programmatic ad platforms work?

Programmatic ad platforms bring together the publisher selling advertising space and the advertiser who wants to buy that ad space. They facilitate real-time auctions where advertisers bid on each impression, taking a cut of the winning bid and paying out the remainder to the publisher.

How much do programmatic advertising platforms cost?

Programmatic advertising platforms take a commission on the sale of each impression. This is usually between 10 and 20 percent.

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Conclusion: Programmatic Ads Platform

Programmatic ads platforms are an essential tool in modern advertising. They create a bridge between publishers and sellers, allowing both parties to negotiate a price for ads in real-time.

By collecting data from thousands of websites, these platforms allow advertisers to target detailed audiences and ensure they spend ad budgets on the right ads.

The world of online advertising is constantly changing, so working with a good programmatic ads platform is a great way of future-proofing your marketing and staying a step ahead.

What’s your experience with programmatic ad platforms? Are there other platforms you love that didn’t make the list?

Digital Experience Platforms: Overview, Resources, Examples

Experience is kind of the holy grail when it comes to customer interaction, from marketing and sales to customer service and brand loyalty. 

It’s something we all talk about, work toward, and set as a goal, but to some degree, it remains a concept we’re always trying to work for. 

When do we actually achieve a great customer experience in our brands? Is it something we just have to continually improve and build on as new opportunities roll out?

When a customer has a great experience with you, they are more likely to come back and buy again. 

Social media, mobile apps, in-app ads, artificial intelligence, augmented reality, and more have promised to help us put experience at the forefront. 

As new options roll out, keeping customer experiences seamless and continuous across all digital platforms grows is highly important. This is where a digital experience platform (or DXP) comes in. 

What Is a Digital Experience Platform? 

Although the specifics vary by the product or vendor, a digital experience platform is a single digital hub that allows a brand to use data and AI to create and deploy custom content experiences for consumers and integrate them for consumption across an array of digital and other ecosystems.

In simpler terms, it’s a platform that lets you create custom experiences informed by your data and lets users experience them everywhere they look. 

Just as important as a definition of what a digital experience platform is what it’s not. A digital experience platform is not just a single experience provider, no matter how revolutionary or innovative. It’s also not just a series of omnichannel brand messages linked together by a series of integrations or pointing to or from a webpage. 

A digital experience platform is integrated and inclusive. It’s often an open-source platform that allows API integrations from various departments, such as sales, to deliver super personal experiences to users. Those features define this type of platform and differentiate it from others, which we will discuss later. 

What Is the Difference Between DXP, CMS, and WEM?

When it comes to content creation and management, the acronyms can start to feel like alphabet soup. DXM, CMS, and WEM have similar purposes but approach it from slightly different angles. 

Let’s look at the other two types of platforms first. 

CMS stands for a content management system. By definition, it’s software that allows you to create, manage, and share your brand’s content. In more everyday terms, it’s a platform that allows you to build your website (and its content, such as pages and blog posts) with a backend interface that doesn’t require writing the code from scratch. 

The interface is user-friendly and welcomes you to plug in your content and go. It also makes it easy for you to search through your content for reuse and resharing, create SEO-friendly content, and more. 

How is it different from WEM, or web engagement management? We can think of WEM as the next generation of content management. It’s about how we interact on the internet and how customers expect brands to interact with them. Differentiating features of web engagement management include customer engagement through conversations, community building, multichannel reach, and automation. 

Where does that leave us with a digital experience platform? It’s essentially a further evolution.

With the rise of AI and big data, we have more and more information for brands to use to deliver content that is more likely to convert. A DXP pulls information in but also delivers across multiple platforms. 

How to Know If You Need a Digital Experience Platform

If your brand has been around for a while, or if you’re used the internet for e-commerce for any amount of time, you have a website, which means you have experience with a content management system. Whether you’ve dipped your toes into WEM environments or are wondering if a DXP is right for you, let’s talk more about who needs one. 

A digital experience platform is about helping you reach people at many touchpoints and controlling the message they receive at those touchpoints. 

It’s also about receiving data from your company and letting it drive the message.

How do you know if a digital experience platform is right for you? Here are a few questions to consider:

  • Do I need more touchpoints with customers?
  • Do I need to bring data from sales, inventory, and other departments into my marketing platform?
  • Do I need to reach customers with custom and consistent messaging at every touchpoint?
  • Do I need a platform to do all these things simultaneously and from one location?
  • Are sales at a point where we can justify investing in and learning a new platform?
  • Do we have the technical support, in-house or contracted, to take on the learning curve of an emerging platform?

A digital experience platform may not be a necessary next step for every brand, but if you’re struggling to keep up with a wide range of integrations and just need a place to take everything to the next level, this may be the right way to go.

Examples of Digital Experience Platform Tools

There are many to consider, but here are a few of the best tools for digital experience.

Bloomreach

Bloomreach is a popular digital experience platform for online commerce, which serves 25 percent of the e-commerce experiences in the United States and the United Kingdom. Its Bloomreach Experience Platform or BrX, as it’s called, features a number of modules, including SEO and merchandising. 

Examples of Digital Experience Platform Tools - Bloomreach

Liferay

Liferay provides a digital experience platform that promises to be custom to your business needs, integrating with where you are today and growing with new features as your business grows. In other words, they boast you can get going with this platform quickly. 

Examples of Digital Experience Platform Tools - Liferay

Core dna

Core dna emphasizes that, with their platform, all your digital marketing components are finally under one roof. You can keep track of the data in one place and make global adjustments from one location as well, rather than keeping up with various integrations and platforms. 

Examples of Digital Experience Platform Tools - Core dna

FirstSpirit DXP

FirstSpirit DXP, from e-Spirit, highlights its ability to integrate with other platforms or tools you may already be using, along with its many features. It also makes sure to note the platform itself does not require deep development or coding knowledge on the user’s end but is approachable and easy to learn. 

Examples of Digital Experience Platform Tools - FirstSpirit

Digital Experience Platform Resources

A digital experience platform is a new concept in a lot of ways, so you may want to do a deeper dive and learn more before you decide whether it’s right for you. There are many resources available to help you get a handle on everything involved and learn how it can help your e-commerce shop. Here are a few to get you started.

An Intro to Digital Experience for Marketing Webinar

If you prefer an audio and visual overview of a digital experience platform, check out the Intro to Digital Experience webinar on YouTube from Progress. This 30-minute video covers all the basics, including what those custom touchpoints for customers look like and why they’re so important. 

The webinar also speaks to the customer journey and how to remain consistent throughout. You’ll learn about how a digital experience platform relates to your CMS and how to take it to the next level. 

Building Digital Experience Platforms Book

Written by Shailesh Kumar Shivakumar and Sourabhh Sethii and bearing the subtitle of “A Guide to Developing Next-Generation Enterprise Applications,” Building Digital Experience Platforms is for the person who is ready to get serious about a digital experience platform and geek out over the features and options available.

While the book goes into various open-source platforms available for creating a DXP, it also dives into the specifics about best practices and what you will want to consider as you design a digital experience platform. It also explores security issues and case studies. 

Operationalizing a Digital Experience (DXP) Platform to Put Customers First Webinar 

If you’re ready to really get into the weeds with what a digital experience platform is all about, this Operationalizing a Digital Experience (DXP) Platform webinar from Lytics has all the research and data you’re looking for. This webinar aims to discuss how companies are using customer data to drive custom experiences to convert. 

It’s presented by Connie Moore, Senior Vice President of Research for Digital Clarity Group, and it covers topics such as why customer data technology is so important, how to put data at the center of your digital experience strategy, and the reasons why all of these topics are exploding in popularity. 

The Rise of the Digital Experience Platform E-Book From Elastic Path

Are you wondering how a digital experience platform would fit in your business, or how it would impact your department and help you interact with other departments across the company? The Rise of the Digital Experience Platform e-book from Elastic Path seeks to help you answer those questions. 

Of course, this is one of those email opt-in methods Elastic Path is using to get you on their email list. Nonetheless, it could be a helpful resource as you seek to wrap your head around what a DXP is all about. It promises tips and strategies for Chief Information Officers and Chief Digital Officers looking to incorporate a digital experience platform.

How Digital Experience Platforms Nurture and Facilitate Lasting Customer Relationships On-Demand Webinar

If you’re still skeptical about how exactly digital experience platforms can help you connect meaningfully with your customers, Bloomreach created a webinar entitled “How Digital Experience Platforms Nurture and Facilitate Lasting Customer Relationships” with Mehmet Olmez, managing director for Accenture Interactive, and Arjé Cahn, CTO of Bloomreach Experience. 

They talk about how a DXP offers more than just multitouch or omnichannel and is the way of the future by seamlessly integrating those touchpoints and making them hyper-personalized. They also talk about how this supports e-commerce marketing and the benefits of having everything together under one digital hub.

Again, this is an email opt-in, so you can expect to get emails following up, but if you’re curious to learn about DXPs from the makers and marketers of digital experience platforms, this one may be worth your time. 

Digital Experience Platform FAQs

What is a Digital Experience Platform (DXP), and how is it different from a CMS?

A digital experience platform ties in data and AI learning technology to deliver seamless and multilayered touchpoints that are highly customized and relevant to each individual customer.

What does a digital experience platform do?

A digital experience platform or DXP serves as a single hub for e-commerce marketing, pulling in and learning from data from across the company’s ecosystem, including sales, inventory, and more, and then delivering highly customized experiences to shoppers. 

What is a DXP, and why does it matter?

DXP stands for digital experience platform. It’s the next evolution of content management, e-commerce experience solutions, and marketing technology and helps companies stand out as relevant in an increasingly noisy digital world.

What is a good digital experience?

As companies utilize digital experience platforms, good digital experiences for customers are pertinent and timely, meeting their needs and delivering content that ultimately leads to conversions.

Conclusion to Digital Experience Platforms

Customers want experiences with your brand. More importantly, they want really great experiences to keep them coming back for more. This includes everything from searching and coming across your website, to the sales, customer service, and follow-up process. 

As you scale, ensuring a great customer experience can become harder and harder, but building a solid e-commerce website can help. A digital experience platform, or DXP, can provide space to create and automate experiences that will keep them returning. 

Have you interacted with an engaging digital experience platform recently?

How to Make Money From OTT Platforms and Video on Demand

As a business or marketing professional, when consumer habits change, you must pay attention. Perhaps nothing is changing more rapidly or drastically than how people consume video content.

To leverage this shift, you must first understand two of the most common video consumption methods: video on demand (VOD) and over-the-top (OTT). We cover both in this guide.

What Is Video on Demand (VOD)?

Video on demand (VOD) is a technology allowing viewers to watch video content when and where they want and the click of a button or tap on a touchscreen.

VOD is also popular because you can pause, rewind, or fast-forward content—and, unlike DVDs, you can easily start an episode from the moment you stopped it rather than searching through a menu.

In short, it gives viewers complete control of what they consume and how they want to consume it.

One of the most popular VOD services is Netflix, which started as a DVD mailing service and kept ahead of the game by adopting streaming early.

VOD - Netflix

What Is OTT?

Over-the-top (OTT) is a way of streaming video and film content over the internet at the user’s request.

The primary reason for this unusual name, over-the-top, is because it goes over the tops of traditional media distribution channels and distributes content directly to the consumer via an internet connection.

OTT platforms were made popular by streaming services like Amazon Prime Video, Hulu, YouTube, and more.

VOD Vs. OTT—What’s the Difference?

One of the primary differences is the medium through which video content is delivered.

  • VOD: Video on demand involves consuming any media content that isn’t played on a certain schedule or requires a physical DVD, tape, etc.
  • OTT: This is strictly streamed content, not downloaded or otherwise stored offline, and can include media like videos and online radio programs, such as podcasts.

The other big difference is VOD can’t be live content, while OTT can, as VOD by definition can’t have a set schedule involved. However, live content can later become VOD if it’s allowed to stay online for future viewing.

OTT is often VOD, but not always, and vice versa. As you may have guessed, many platforms, like YouTube, are categorized under both VOD and OTT.

Are VOD and OTT Right for Me?

If you’re willing to put in the hard work to create a high volume of quality on-demand content, you may be wondering if VOD or OTT is right for you. Bearing in mind there is overlap between the two, here are some pros of each option to help you determine which best suits your needs.

Pros of VOD

VOD enables you to deliver on-demand content to users, which is incredibly popular among consumers. As a result, you could monetize your brand faster and easier via VOD.

This method is best suited to subscription-based businesses. For example, fitness coaches can use VOD platforms to offer monthly subscriptions for on-demand fitness classes.

VOD also works well for brands wanting to leverage sponsorship deals—more on these monetization methods in a moment.

However, to make money from VOD, you must have a large, high-quality content library, so make sure you have a team able to handle this workload.

Pros of OTT

OTT’s strength lies in utilizing the internet, resulting in OTT platforms being able to offer both video-on-demand services and live streaming. This is essential for brands that rely on live events in their business model. A good example is Wanderlust TV:

VOD - Wanderlust example

If live events are part of your marketing mix, OTT is the way to go for you and your brand.

How Do I Make Money With VOD and OTT Platforms?

As a marketer, you may be wondering how to use VOD and OTT to bring in revenue. There are several ways you can profit from your video content.

Monetizing OTT Advertising

To get started with OTT advertising, you need:

  • The right technology: You can use third-party tools like Google Ads or have a custom solution developed to suit your specific OTT advertising needs.
  • An audience: OTT advertising hinges on a large audience as advertisers typically pay on a cost per mille (CPM) basis.
  • Data: Data on your audience demographics is essential to helping advertisers decide whether your platform will provide them with a healthy return on advertising spend (ROAS).

You have three options to monetize your OTT platform: video advertising networks, direct advertising, and scholarship deals.

1. Video Advertising Networks

One of the fastest ways to generate revenue from your OTT is to join a video advertising network (VAN). VANs connect you to marketers looking for ad space.

The major drawback to VANs is you lose control of the type of ads appearing on your platform—if something offensive plays, your audience may blame you. However, VANs are convenient as you don’t have to find advertisers on your own, so be sure to fully research any VAN you consider and read the fine print before signing.

2. Direct Advertising

Direct advertising allows you to take control of the kinds of ads you display on your OTT platform. To do this, you must develop a custom ad server to manage the ads you display on your platform.

Going the direct advertising route means you’ll have to find advertisers, negotiate with them directly, and set your rates. It’s a lot of work both on the business and development sides. However, you may get better returns as there’s no middleman.

3. Sponsorship Deals

Just as in the days of television, OTT sponsorship deals involve a brand paying for the right to advertise on a particular piece of content.

There are many ways to deliver your sponsored messaging. For instance, you can weave it into your content, show it as banner ads, or display it on launch screens.

An advantage of sponsorship deals is they can simplify your ad rotation because you only have to serve a few sponsoring brands. However, that can prove costly should any choose to end their sponsorship.

Monetizing VOD

Just like OTT advertising, you have three main options for monetizing VOD content: subscription video on demand (SVOD), transactional video on demand (TVOD), and ad-supported video on demand (AVOD).

1. Subscription Video on Demand (SVOD)

Subscription video on demand (SVOD) is one of the most popular ways of monetizing a VOD platform.

The SVOD model works by getting users to pay a recurring fee to access your content.

VOD - Showmax

SVOD is often one of the most profitable ways of generating a steady flow of income from your platform as long as you have content people are willing to pay for.

Luckily, research shows the estimated revenue and usage of SVOD are expected to continue growing for the foreseeable future.

With SVOD, you can create different access levels at various price points, making your VOD content available to a wider audience.

2. Transactional Video on Demand (TVOD)

Transactional video on demand (TVOD) is a monetization method allowing users to access content on a pay-per-view basis.

You have two main ways to offer TVOD to your customers, namely:

  • purchasing permanent access to a piece of content with a one-time payment, like we used to do with DVDs
  • renting a piece of content at a lower cost than the purchase but with a limited access period

According to Statista, revenue in the TVOD market is growing and expected to reach $12,150 million by 2025.

With a dollar amount like that, TVOD may be an attractive option.

3. Ad-supported Video on Demand (AVOD)

Another excellent way to monetize your VOD platform is the ad-supported video on demand (AVOD) model.

Unlike SVOD and TVOD, where users pay to view your content, the AVOD model generates revenue solely from advertisers. Your users don’t pay a dime. Because of this, such platforms tend to attract large audiences.

How does this work?

Advertisers pay to place ads in your video streams. Instead of paying to watch your content, viewers see a few ads as they stream your video content. A popular example of this is the free version of YouTube.

VOD - heat map tool

The AVOD model gives you two options:

  • signing up for video ad networks
  • direct advertising

Of course, the more viewers you have, the more likely you are to find advertisers.

What Platforms are Best for VOD and OTT?

Ready to launch your VOD services?

Not so fast.

You need a VOD hosting platform first. With so many of them available, choosing one can be a daunting task. Besides, if you don’t know what you’re doing, you may sign up for a platform that won’t meet your needs.

Here are a few platforms to consider.

1. Uscreen

One of the biggest players in the VOD hosting platform space is Uscreen. The platform is one of the most affordable, enabling even small businesses to use their services. For $49 per month, you get access to marketing tools, video hosting services, pricing control, and more.

2. Dacast

Dacast is a streaming solution offering both VOD and OTT functionality. Best suited for enterprise businesses and professional use, they provide hosting for high-quality video broadcasts and live streaming. A few of their notable features include video monetization, robust security, and API integrations. Plans start as low as $39 per month.

3. IBM Cloud Video

IBM Cloud Video offers an expansive feature set, making it easy to tailor everything to your needs. However, because it has tons of features, it can be challenging to navigate. That makes it best suited for businesses with expert broadcasters on their team. IBM Cloud Video runs at higher price points than the last two options, with their starter plan coming in at $99/month.

Of course, these aren’t the only three out there. In addition to some of the big-name platforms we’ve mentioned, others you can consider include:

Because the industry is growing fast, you can expect new players to come on the scene.

Conclusion

With the right content, audience, and monetization strategies, VOD and OTT content have the potential to grow your revenue significantly.

Are you interested in creating a VOD/OTT strategy but don’t know where to start? If so, can help. Our agency also offers services like email marketing, SEO, content marketing, and paid advertising.

Have you ever used VOD or OTT to generate revenue? If so, what was your experience?

The Best Blogging Platforms (In-Depth Review)

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. Whether you want to become a blogger for a big-time news publication, share your independent thoughts online, make millions as a blogger, or something in between, it all starts with a blogging platform.  And … Continue reading The Best Blogging Platforms (In-Depth Review)

The Best Blogging Platforms (In-Depth Review)

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission.

Whether you want to become a blogger for a big-time news publication, share your independent thoughts online, make millions as a blogger, or something in between, it all starts with a blogging platform. 

And choosing the right one sets precedence for everything else you do. 

But with so many options to choose from, picking the best blogging platform can feel overwhelming. 

So to help you out, I created a list of considerations to think about as you go through the process and reviewed the top five blogging platforms on the market today. 

By the end of this article, you’ll be well on your way to starting your own blog. 

The top 6 options for blogging platforms:

  1. Wix – Best drag-and-drop blogging platform
  2. WordPress.org – Best open-source blogging platform
  3. Squarespace – Best for visual-based businesses
  4. Medium – Best traditional blogging platform
  5. Blogger – Best for personal blogs

How to choose the best blogging platform for you 

Choosing a blogging platform is an important decision. And the one you choose depends on what you hope to do with your new blog and how much control you want to have. 

So, let’s walk through what to consider as you make your final decision. 

Do you want to make money?

This is probably the most crucial question to ask yourself. 

If you want to start a personal blog to share your thoughts and experiences, you’re completely fine going with a free blogging platform, like Medium or Blogger. 

However, if you want to make money blogging, you have to be careful. Most free platforms don’t let you monetize your blog. So, you need to choose a premium blogging platform that gives you more control, like Wix, WordPress.org, or Squarespace. 

Do you already have a website?

If you want to add a blog to a website you already have, I highly recommend looking into your website platform’s blogging capabilities. 

This is the easiest way to add a blog to a website that already exists. 

Alternatively, you can look into migrating your website to Wix, WordPress.org, or Squarespace. However, I recommend staying with the platform you’re already using if you can. 

Customization capabilities

Paid blogging platforms give you more control and design flexibility, allowing you to build a complete website and brand around your blog. And you can customize the look and feel of nearly every aspect of your website. 

If you’re serious about blogging as a business, you need that level of control. 

For complete flexibility and customization options, go with WordPress.org. And if you want something easier than WordPress, yet still flexible, Wix and Squarespace are great drag-and-drop options. 

On the other hand, free blogging platforms don’t give you the ability to customize to that extent. You may be able to change the colors and pick between a few different layouts. 

But, you can’t do much aside from that. 

With that said, if you’re interested in personal or hobby blogging, you don’t need anything fancy. Free blogging platforms offer everything you need to quickly write content and share it online in just a few clicks. 

The different types of blogging platforms

There are several different types of blogging platforms. 

And the right one for you depends on what you want to do with your blog. 

So, before we dive into my top recommendations, let’s walk through the different types and what they’re used for. 

Free

Free blogging platforms come in a variety of shapes and sizes. 

They’re perfect for anyone interested in personal or hobby blogging. And it’s the easiest way to write and publish content online quickly. 

However, free blogging platforms usually don’t let you make money with your content. You can’t make money with ads, use affiliate marketing, or sell your own products. 

Furthermore, they’re very limited in design flexibility and customization capabilities. 

You may even be stuck with random ads placed on your blog. And migrating your content from a free platform to another isn’t an easy process. So, they’re not suitable for business bloggers or anyone interested in making money blogging at any point in the future. 

Website builders

Website builders are all-inclusive, drag-and-drop design tools that let you quickly build an entire website without touching any code. They’re easy to set up, simple to use, and include a full suite of blogging tools. 

However, they’re not free. But web hosting is included with your subscription, and some even offer a free custom domain name for the first year. 

Furthermore, you get a significant level of flexibility and customization. But some areas may be limited depending on the blogging platform you choose. 

This is a great place to start if you want to make money, but you’ve never built a website before. Just keep in mind that you sacrifice some flexibility in exchange for ease of use. 

Open-source

Open-source blogging platforms are free to download and install. They’re completely customizable from the inside out, making them perfect for serious bloggers and business owners interested in building a full-fledged custom website. 

However, there’s a steeper learning curve.

But once you get the hang of it, you’ll realize how flexible and customizable this type of blogging platform really is. You can create ecommerce stores, business websites, portfolios, service-based websites, interactive blogs, and more. 

With that said, you have to buy web hosting before you can install an open-source software. 

But most web hosts make this type of software easy to install with one-click installation. 

#1 – Wix Review — The best drag-and-drop blogging platform

If you’re looking for the easiest premium blogging platform, you should go with Wix

It’s an all-in-one website builder with more than 100 million users worldwide, making it one of the most popular options on the market. 

Furthermore, it’s excellent for beginners interested in creating a full-fledged website with a blog included. And Wix’s intuitive drag-and-drop builder makes creating engaging blog content a breeze. 

Plus, it includes everything you need to make money with your new blog. 

With Wix, you get premium blogging features, including:

  • 500 professional design templates
  • Industry-leading SEO tools
  • Rich-text editor
  • Embed HTML codes
  • Categories and hashtags
  • Advanced search capabilities
  • Writer and editor user roles
  • Easy image editing
  • Social media tools
  • Visitor analytics

Wix is arguably the easiest and fastest way to get your professional website and blog running.

You can also take advantage of their ADI (advanced design intelligence) tool, which creates everything you need to get started in a matter of minutes. 

Simply answer a few questions, customize the design, add your website copy, update your images, and you’re ready to start blogging.  

Wix offers a free plan, which is excellent for building your site and getting everything ready to go. However, I highly recommend upgrading to a paid plan so you can remove Wix ads and connect a custom domain name. 

Paid plans start at $13/mo and increase depending on the features you need. 

#2 – WordPress.org Review — The best open-source blogging platform

WordPress.org is an open-source blogging platform with complete design flexibility. 

It also powers 38% of the entire internet, including the blog you’re reading right now, making it the most popular blogging platform on the market. 

And the best part? It’s free to download and install. 

However, you do need web hosting to be able to use it. This usually costs around $3 – $10 per month, so it’s the most affordable option on this list. 

With that said, it’s not as easy as Wix. There are a few more steps to get started, but the extra work is well worth it if you’re looking for complete design control and flexibility. 

With WordPress.org, you also get:

  • 55,000+ plugins to extend the functionality of your site
  • Thousands of free and premium themes
  • The Gutenburg block editor
  • Advanced user roles and permissions
  • Powerful media management
  • A massive community of experts
  • Infinite design control

The best part is that you have 100% control over your website and blog. Plus, you aren’t tied down by rules and regulations. You can decide what to display, what you don’t reveal, and how you make money. 

There are countless ways to get started with WordPress.org. But I highly recommend starting with Bluehost

It’s the easiest way to get everything you need. 

They also include a free domain name for the first year. So, all you have to do is pick a hosting plan, snag your free domain, and use their one-click WordPress installation feature. 

#3 – Squarespace Review — The best blogging platform for visual-based businesses

Squarespace is an all-in-one website builder, like Wix. However, it’s famous for aesthetically pleasing templates, making it perfect for visual-based businesses like photographers, designers, and artists. 

It’s also straightforward to use. Plus, it includes web hosting services and a free domain for the first year (if you choose an annual premium plan). 

It’s perfect for bloggers who want an easy, aesthetic way to share images, videos, and portfolio pieces, along with long-form and short-form blog posts. 

And with Squarespace, you create blog posts the same way you create pages. 

So, once you learn how the drag-and-drop editor works, you know how to use the entire platform. You also get access to powerful blogging features, including:

  • Free blogging templates to help you get started
  • Five unique post layouts for your home and archive pages
  • Categories, tags, and featured posts
  • Built-in post scheduler
  • Contributor permissions
  • In-depth analytics
  • SEO and social media tools
  • Email marketing (additional fees)
  • Expert customer service
  • Mobile app

Squarespace isn’t as customizable as Wix or WordPress.org, but it’s perfect for creative bloggers and visual-based businesses looking for something captivating and easy to use. 

Paid plans start at $12 per month and increase depending on the features you need. 

#4 – Medium Review — The best traditional blogging platform

Medium is a platform that helps readers and writers find new ideas, knowledge, and perspectives. It’s unique because there are no ads present on the platform. 

To date, they have over 120 million readers, making this an excellent way to get your content in front of more people. It’s also great if you want to share personal stories and perspectives to get your thoughts out to the world. 

However, it’s not a great platform for making money as a blogger. Medium does have a partner program that rewards writers for the amount of time paying members spend reading their content. 

But you’ll have a hard time making a decent amount of money on Medium alone. 

And you can’t include your own call-to-actions in partner posts. So, you have to choose between making money and growing your email list. 

It’s not a flawed model. However, I highly recommend treating Medium as an extension of your Wix, Squarespace, or WordPress.org blog. 

To get started, you can create a profile or a publication. Publications look more aesthetically pleasing, and you get more organization and display features. With publications, you can also send newsletters to your followers. 

However, it doesn’t really matter which one you choose. 

Note: if you use Medium as an extension of your blog, make sure you use their import feature to add existing blog posts. This way, you can add content from your blog to Medium without creating duplicate content for SEO purposes. 

#5 – Blogger Review – The best for personal blogs

Blogger is one of the original blogging platforms. It’s been around since 1999.

It’s completely free to use with no paid plans, upsells, or anything like that. And it’s incredibly easy to use. This makes it perfect for personal or hobby bloggers looking to share their thoughts and ideas with the world. 

They have several free templates to choose from that govern how your blog looks. However, they’re not very customizable. 

You can change the colors and the layout of a few things, but that’s about it. 

The platform focuses solely on blogging, so that’s where the majority of their features lie. With Blogger, you get free access to essential features, including:

  • A free SSL certificate and free domain mapping
  • Google integrations
  • Image storage with Google Photos
  • Integrated ad campaigns
  • Simple text editor

And while those features are great, the platform is seriously lacking in other departments, including customization, custom post types, and overall design. 

Essentially, it’s an old-school blogging platform. It works well for simple blogging, but you can’t create a full-fledged website, so I don’t recommend it if you want to build a brand and make money blogging. 

However, since Google’s acquisition in 2003, you can display Google Ads on your blog to make a little extra money on the side. 

But, it’s not a sustainable or long-term way to make a full-time income with your blog. 

Summary

The best blogging platform for you depends on where you want to take your blog. For personal and hobby bloggers, a free platform like Blogger or Medium is the perfect place to start. 

They’re easy to set up, incredibly simple, and the fastest way to start publishing online. Plus, you don’t have to pay anything to share your thoughts and ideas. 

However, if you want to make money and turn your blog into a business, free platforms won’t cut it. The easiest premium blogging platforms are Wix and Squarespace, making them perfect for beginners. 

However, if you want the ultimate level of control, go with WordPress.org hosted by Bluehost

The post The Best Blogging Platforms (In-Depth Review) appeared first on Neil Patel.

Best Ecommerce Platforms

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission.

What would you do with an extra $1,500 a day? 

With a bit of work and the right platform behind you, you can create an online store that generates that kind of revenue (and more). 

Shilpi Yadav is an excellent example. She quit her job to start an online clothing store based around her Indian heritage. Despite all the risks, the brand now makes more than half a million dollars a year (averaging around $1,500 per day). 

She built her online store using Shopify, one of the best ecommerce platforms on the market. However, there are a ton of different options to choose from depending on what you need.

And the most significant thing standing in the way of your own $500k success story is deciding which ecommerce platform is right for your new store. 

So to help you out, I reviewed seven of the best options in the industry, depending on your current situation.

The top 7 options for the best ecommerce platforms:

  1. Wix – Best for flexibility and customization
  2. Shopify – Best all-in-one ecommerce platform
  3. BigCommerce – Best for medium to large stores
  4. Squarespace – Best ecommerce platform for creatives
  5. WooCommerce – Best for WordPress websites
  6. OpenCart – Best for selling digital products 
  7. Ecwid – Best for integrating with your current platform

How to choose the best ecommerce platform for you

The best ecommerce platform for your business depends on several factors like your experience level, your customization requirements, and the type of products you want to sell. 

But choosing the right platform can feel overwhelming because there are countless options to choose from. 

To make things easier, I created a list of things to consider as you go through the process. 

It may help to start with a list of requirements and the features you need. From there, you can narrow down your choices based on the following criteria. 

Physical vs digital products

Digital products are a booming market. But selling and delivering digital products isn’t the same as delivering a physical product to someone’s doorstep. 

Different ecommerce platforms handle each type of product differently. And some may not support digital products at all. So it’s important to understand which type you plan to sell before you make a decision. 

Deployment options

If you already have a website, the best deployment option is integrating an online store rather than building a brand new website on a new platform. 

Furthermore, if you use WordPress, you can add ecommerce functionality via a plugin. 

Unless, of course, you want to start with a clean slate.

On the other hand, if you don’t have a website, you probably need a website builder with the capability to create something from scratch. So, think about the route you want to take and choose a platform that offers the right capabilities. 

Day-to-day management

Order management, product creation, tracking orders, and dashboard navigation are important factors of day-to-day ecommerce management. 

And it’s important to choose a platform that’s easy to use and manage on a daily basis. It shouldn’t feel like a struggle to create new products, check the status of an order, or update the pages of your website. 

Furthermore, it’s important to find the right ratio of flexibility and customization to ease of use. And keep in mind, the more customizable the platform, the harder it is to manage. Why? 

Because flexible platforms offer more settings and options to configure. 

You can simplify your workload by choosing a platform that offers just enough flexibility without going overboard for your specific needs. 

Design and flexibility

Some ecommerce website builders (like Wix) are truly drag and drop, meaning the customization options are endless. If you can imagine it, you can build it. But, that freedom also makes the platform more difficult to use. 

Other platforms integrate into your current site, taking the look and feel of your existing website with very few customization options. For some users, this is perfect. 

But others may want more control. 

If you’re just starting out, simple designs and ease of use are more important than design flexibility. 

However, if you already own a physical store or an established brand, design is more important so you can create a cohesive aesthetic from one touch point to the next.

Advanced ecommerce features

Do you want to be able to offer discounts or accept payments through different payment processors? Maybe you want to send visitors a reminder email when they exit your website with something in their cart. 

Perhaps you’re interested in creating customer profiles and analyzing advanced analytics. 

Other advanced ecommerce features include:

  • Email marketing integrations
  • Memberships and recurring payments
  • Gift cards and discount codes
  • Partial payments or payment plans
  • Shipping and fulfillment management
  • Product variations
  • Product categories

Think carefully about what you need and what would be nice to have. Then, you can use your list of requirements to narrow down your list of choices. 

The different types of ecommerce platforms

There are several different types of ecommerce platforms on this list. And which type you should choose depends on your current situation. 

Ecommerce website builders

These are all-inclusive website builders that include ecommerce functionality. 

This option is best for businesses without an existing website (or those who want to start over from scratch). Website builders also don’t require a lot of design experience to get up and running so it’s an excellent choice for beginners.

Adding ecommerce functionality to an existing website

If you already have a website, integrating an online store is much easier than starting over on a different platform. Several of the recommendations on this list can be used with an existing website so you don’t have to worry about starting over.

However, these typically require a bit of coding knowledge to customize so they’re not suitable for beginners. 

WordPress plugins

This option is best for users already using WordPress to run their website. 

Note: If you don’t know what a WordPress plugin is, this probably isn’t the best option for you (go with a website builder instead). 

#1 – Wix Review — The best for flexibility and customization

Wix is a great option if you’re looking for an affordable and flexible ecommerce platform. It’s famous for it’s drag-and-drop interface with complete design freedom to create anything you can imagine. 

With Wix, you also get access to more than 500+ prebuilt website templates and plenty of customization options (with no coding required). Or you can create pages from scratch with complete design control. 

Furthermore, they have a robust mobile app so you can make changes and manage your store from anywhere in the world.

Wix also includes a wide variety of marketing features, like emails, Facebook ads, and social media posts right from your account dashboard. You can even sell directly via social media.

Their ecommerce plans include powerful features, like:

  • Support of 90+ languages and local currencies
  • 250+ apps to add extra functionality to your site
  • No additional transaction fees
  • Custom product pages
  • Worldwide shipping and taxes
  • Coupons and discounts
  • Advanced sorting and filtering
  • Product collections
  • Customizable checkout
  • Recurring payments

Plus, if you already use Wix, you can upgrade to an ecommerce plan in just a few clicks within your account dashboard. 

Wix offers four ecommerce plans for online shops of different sizes, including:

  1. Business Basic — $23/month
  2. Business Unlimited — $27/month
  3. Business VIP — $19/month
  4. Enterprise — custom pricing

This is an excellent option if you have a small store or special design requirements. However, If you expect a high order volume and large range of products, you’re better off with BigCommerce or Shopify instead.

#2 – Shopify Review — The best all-in-one ecommerce platform

Shopify is an all-in-one ecommerce website builder that powers more than one million online stores, making it one of the most popular choices on this list. 

However, it’s not as customizable as Wix. But it offers more advanced ecommerce features because it’s built specifically to host online stores. Plus, it’s easy to use with just the right level of flexibility. 

It’s also incredibly versatile, powering micro to large stores, and everything in between. Shopify plans include access to an incredible suite of ecommerce features, including:

  • Point of Sale for brick and mortar shops
  • Real-time carrier shipping rates
  • Abandoned checkout recovery
  • 100 different payment gateways
  • Automatic tax calculations
  • Customer accounts and profiles
  • Fulfillment centers
  • Advanced inventory management
  • Unlimited products
  • In-depth analytics

Plus, with 70+ professional themes (nine of which are free) and 4,100+ apps, you can create a beautiful and highly functional ecommerce store without having to start from scratch. Or write a single line of code.

Combine that with award-winning 24/7/365 customer support and you have an excellent ecommerce platform. 

Shopify offers five plans for businesses of all sizes, including:

  • Shopify Lite — $9 per month 
  • Basic Shopify — $29 per month 
  • Shopify — $79 per month 
  • Advanced Shopify — $299 per month
  • Shopify Plus — custom pricing

Shopify Lite is a great option if you want to embed products and “buy” buttons onto an existing website. However, it doesn’t come with the all-inclusive website builder. 

Keep in mind that Shopify has its own payment processor. They charge 2.4% – 2.9% + $0.30 depending on the plan you choose. They also charge additional fees (0.5% – 2%) if you use a separate payment processor like PayPal or Square. 

#3 – BigCommerce Review — The best for medium to large stores

Like Shopify, BigCommerce is an all-in-one ecommerce website builder specifically for large online stores. It includes more advanced ecommerce features suitable for managing high volumes and a large number of products. 

With a customer base of 100,000+ stores, including some big names like Ben & Jerry’s and SkullCandy, they’re a smaller player in the industry. 

But that doesn’t make the platform any less powerful. 

BigCommerce plans include access to powerful, industry-leading features, including:

  • Customer accounts for faster checkouts
  • Mobile-optimized checkout
  • Abandoned cart recovery
  • Google AMP and Akamai
  • Advanced product filters
  • Coupons and discount codes
  • Advanced inventory management
  • Customer groups for personalized shopping
  • 65+ payment gateways with no extra transaction fees
  • Built-in shipping management

Plus, all of their plans include unlimited products, file storage, bandwidth, and staff accounts. 

And you can choose between 12 free mobile-responsive design templates or opt for a paid template to make your online store stand out from the crowd without touching a single line of code. 

BigCommerce offers four paid plans (with a 15-day free trial), including:

  1. Standard — $29.95/month with a $50,000 annual sales limit
  2. Plus — $79.95/month with a $180,000 annual sales limit
  3. Pro — $299.95/month with a $400,000 annual sales limit
  4. Enterprise — custom pricing

If you’re just getting started, BigCommerce is overkill for your online store. However, if you’re an established business or plan to sell high volumes, it’s an excellent choice. 

#4 – Squarespace Review — The best ecommerce platform for creatives

Squarespace is well-known as a website builder, but their higher-tier plans also include ecommerce functionality. Furthermore, their design templates are famous for their ease of use and creativity, making this an excellent choice for creative online stores. 

You can also install and customize multiple templates at a time to see which one you like best. And switching between templates takes just a few clicks. 

Aside from beautiful templates, Squarespace offers a variety of ecommerce features, including:

  • Subscriptions, digital products, and in-person compatibility
  • Built-in tax tools for automatic tax calculations
  • Discount codes and gift cards
  • Abandoned cart recovery
  • Mobile-optimized checkout
  • Mobile store management
  • Rich product listings
  • Quick view capability
  • Inventory management
  • Real-time shipping estimates

Furthermore, Squarespace integrates with most of the popular email marketing and social media platforms so you can sell and market your products like a pro. 

And they have fantastic 24/7/365 customer support ready to answer your questions and help you get things set up the way you want to. 

Squarespace offers three ecommerce plans (and a personal plan), including:

  1. Personal — $12 per month + no ecommerce functionality
  2. Business — $18 per month + 3% transaction fees
  3. Basic Commerce — $26 per month + 0% transaction fees
  4. Advanced Commerce — $40 per month + 0% transaction fees

They also have an enterprise plan with a dedicated account manager, SEO consultations, and prioritized technical support. 

And while the Business plan offers ecommerce capabilities, I highly recommend choosing Basic Commerce to start. It’s the cheapest plan with no transaction fees, plus it includes other essential features like, customer accounts and ecommerce analytics. 

#5 – WooCommerce Review — The best for WordPress websites

The recommendations thus far are all-in-one website builders. WooCommerce, however, is not. It’s a WordPress plugin built to add ecommerce functionality to existing WordPress websites. 

WooCommerce powers approximately 30% of stores online today. And with 80+ million downloads, it’s one of the most popular ecommerce platforms on this list. 

Note: if you don’t already have a WordPress website, I don’t recommend going this route. Stick to an all-in-one ecommerce platform, instead. 

WooCommerce is a lightweight plugin that adds ecommerce capabilities like accepting online payments, configurable shipping options, product listings, and more. But you have to have an existing website to use it. So, it’s a great option if you already use WordPress. 

It includes powerful ecommerce features like:

  • Plugin extensions to increase functionality
  • Rest APIs for developers to create custom platforms
  • Extensive tutorials and documentation
  • 140 region-specific payment gateways
  • Support of subscriptions and deposits
  • Automated tax calculations
  • Real-time shipping rates
  • iOS and Android mobile apps
  • Physical and digital product capability
  • Endless product variations
  • Public support forum

And the best part? It’s free to download, install, and use. Forever. 

However, some of the extensions aren’t free so watch out for that if you start digging into those. 

With the power of WordPress behind it, your customization options are only limited to what you can imagine. So, the sky is legitimately the limit with WooCommerce. 

But with that said, it’s not the easiest or most intuitive ecommerce platform. So, I don’t recommend it if you aren’t already using WordPress and 100% comfortable with it. 

#6 – OpenCart Review — The best for selling digital products

OpenCart is another open source ecommerce platform, much like WooCommerce. However, it’s not limited to WordPress websites. But you do need to have an existing website to use it. 

Over 300,000 online stores use OpenCart to confidently sell products of all shapes and sizes online. Plus, most web hosting companies offer one-click installation or will install it for free, so it’s incredibly easy to set up. 

Note: I only recommend going this route if you already have a website up and running. 

While you can sell products of any kind, the no-fluff interface (and free price tag) makes it an excellent option for selling digital products to make more money with your online business. 

All without adding an extra monthly expense because it’s 100% free forever. 

OpenCart offers a powerful set of ecommerce features, including:

  • Simple and centralized admin dashboard
  • Advanced user roles and access controls
  • Manage multiple stores from a single dashboard
  • Limitless product variables and variations
  • Built-in affiliate management and rewards system
  • Discounts and coupons
  • Unlimited products
  • One-click digital downloads
  • Product reviews and ratings
  • 36 built-in payment methods
  • Recurring payments

Plus, with 13,000 modules and themes in the marketplace, you can add any functionality you can imagine including service integrations, conversion modules, email marketing, and more. 

Keep in mind that not all of OpenCart’s extensions are free. You may have to pay for more advanced capabilities. 

And they don’t currently offer support for free, either. 

If you can’t find what you’re looking for on their community forum, you have to pay for dedicated help. Dedicated support starts at $99 per site per month or $99 for a one-time fix. 

#7 – Ecwid Review — The best for integrating with your current platform

Like OpenCart and WooCommerce, Ecwid is an ecommerce platform you can use to integrate with your current platform, regardless of what you’re already using. 

It integrates with platforms like Weebly, Wix, WordPress, Squarespace, and more. So, if you already have a website set up and want to add ecommerce functionality, Ecwid is an excellent choice. 

With that said, they also offer an all-in-one ecommerce website builder if you want to start from scratch. However, there are better website builders to use. 

So, I only recommend Ecwid if you want to integrate ecommerce into your existing website. 

This ecommerce platform includes a wide range of features, like:

  • Multi-channel selling (social media, marketplaces, in-person, etc.)
  • Integrated email marketing and advertising features
  • Centralized inventory and order management
  • No transaction fees
  • Fully responsive designs
  • Built-in POS integrations
  • Customer accounts for easy checkout
  • Real-time shipping rate calculator
  • Poduct variations
  • Digital product capabilities
  • 40 payment options

The biggest downside is that you can’t manage your store from inside your website account dashboard. You have to log in to Ecwid instead. So, you need to manage two separate accounts. 

But the good news is… you can start on the limited free forever plan to try it out before making any investments.

The free plan only allows up to ten products, so you have to upgrade if you need more. Ecwid also offers three paid plans, including::

  • Venture — $15/month (up to 100 products)
  • Business — $35/month (up to 2,500 products)
  • Unlimited — $99/month (unlimited products)

As a stand-alone store builder you might be better off with other options (like Wix and Shopify). 

But if you already have a website and want to add an ecommerce store, Ecwid is a great alternative to WooCommerce and OpenCart. 

Summary

My #1 recommendation for most users is Wix. It’s great for users of all experience levels. Plus, it’s easy to use, highly customizable, and affordable as well. But if Wix is too customizable for you, Squarespace is a fantastic alternative. 

For large stores, I highly recommend BigCommerce or Shopify

However, if you already have a website, WooCommerce, OpenCart, and Ecwid are excellent choices depending on what you need. 

The post Best Ecommerce Platforms appeared first on Neil Patel.

10 Crowdfunding Platforms for Recession Funding, Part 1

Not All Crowdfunding Platforms for Recession Funding Are Alike

Are crowdfunding platforms for recession funding confusing you? Are you thinking of crowdfunding your business? There are several platforms out there with differing requirements.  And they are not even close!

Getting working capital to grow your business doesn’t have to be hard. Many companies these days turn to crowdfunding. A lot of these options

will work for startup ventures.

There Are No Guarantees, Even with Crowdfunding Success

For some companies which crowdfund, the rewards are great. As per the Crowdfunding Blog, the single most successful crowdfunding campaign was for the Pebble Time Smartwatch. So this was as of November of 2018. But before you run out and try to buy one, note one thing. They are now a  part of FitBit.

As in, they went out of business in July of 2018. So this is a business which raised over $20 million in 2015! That is no typo. And in point of fact, Pebble holds three of the top six spots in the biggest crowdfunding successes of all time. Together, these three crowdfunding campaigns raked in a staggering $43.39 million.

This is about $8 million more than the town of Huntington, New York (population 203,264) budgeted for highways in 2018. Yes, really.

So there is one thing that should be clear to all. Runaway crowdfunding success is no guarantee whatsoever of actual success.

But now it is time to get to the 10 crowdfunding platforms for recession funding that you should know about.

What frustrates you the most about funding your business? Tell us in the comments.

Quick Tips About Crowdfunding: How Much?

Your very first decision should be: just how much do I need to crowdfund? If you need $1 million, you are going to need to crowdfund more than that. Why? Because that is how crowdfunding platforms for recession funding make their money– they take a percentage of any money you can raise. Thus, you will need to take that into consideration. Crowdfunding percent charges vary from 4% to 10%.

Quick Tips About Crowdfunding : What Should I Offer for Perks?

Check with the crowdfunding platforms for recession funding which interest you the most – just in case they don’t allow perks.

But for many crowdfunding platforms for recession funding, yes, you will have to offer perks to your donors. Perks can take many forms– buttons, tees, book marks – every one of those are possible tangible perks. Consider a perk format which can sync with your business. If you sell homemade jam, then perhaps create a unique flavor just for the campaign, and offer bigger and bigger-sized jars depending on donation amount.

If you are a horseback riding stable, offer a complimentary lesson or a postcard with a favorite horse’s image on it, or something like that. Does your startup flip houses? Then consider offering a coupon to a neighborhood home supply company or the like. Be sure to work with them beforehand, of course.

Perks are only limited by your imagination, so be creative! And if you can offer something which people will use a lot, then so much the better.

What frustrates you the most about funding your business? Tell us in the comments.

Pro Tip on Perks

Physical perks are a massive pain! A lot of people love them, and they will stand out. Plus, if a perk is used regularly, it will help to keep your company at the top of your backers’ minds.

However, you also have to ship physical perks. You may be an American company, but that doesn’t mean all of your backers will be in the United States. International shipping is extremely expensive, even for small items. So if you offer physical perks, specify whether you will allow international donor addresses.

But even if everything has to be shipped in the US, you are still left with working with a data base of names and addresses, and a few of these might have misprints or be incomplete.

And you would usually be working with a range of available perks. Did Jane want the stuffed teddy bear or the book mark? Did Alan want the pennant or the tee shirt? Do Jane and Alan live at the same address so perhaps you could mail their perks out together? What if a perk is lost or broken in the mail? And what if it injures someone?

Because of this, if you can do it, you might want to try for digital perks. For a house flipping startup, you might record video footage about home design or repair. For a long haul trucking company, you could offer PDFs with personal recommendations on what to see and do in certain cities you service. And for a nail salon, maybe offer digital coupons for a free month of manicure touch ups.

Great Crowdfunding Platforms for Recession Funding: 1. Kickstarter

They are the biggest crowdfunding platform. They have over 18 million backers and over 180,000 funded projects. Campaigns are for products and services such as:

Crowdfunding Platforms for Depression Funding Credit Suite

  • Publishing
  • The arts and film
  • Comics and illustration
  • Design and tech

You will need to have a prototype. Projects cannot be for charity, although nonprofits can use Kickstarter. And you can’t offer equity in a company as a perk.

Taboo projects and perks include anything to do with:

  • Contests and raffles
  • Cures and medicines
  • Credit services
  • Live animals
  • Alcohol
  • Weapons

There is a 5% fee on all funds which creators collect. Stripe, their payments processor, will also apply payment processing fees (roughly 3-5%). Campaigns that don’t make it don’t pay a fee. There are also fees of 3% + $0.20 per pledge. Pledges under $10 have to pay a discounted micropledge fee of 5% + $0.05 per pledge.

Great Crowdfunding Platforms for Recession Funding: 2. Indiegogo

Indiegogo has over 9 million backers. Their minimum goal amount is $500. They charge 5% platform fees. There may be third-party credit card fees. Fees are deducted from the amount raised, not the goal. So if you exceed your goal, you will pay more in fees. They do not take PayPal.

Indiegogo is notable because they offer both fixed and flexible funding. This means, if you do not make your goal – assuming you chose flexible funding – you can at least hold onto what you collected. Hence it is the opposite of how crowdfunding normally works.

You cannot change your fundraising structure from fixed to flexible (or vice versa) once the campaign starts. They recommend fixed funding if you need a minimum amount for your project. Indiegogo recommends regular communications to donors if you choose fixed funding.

Great Crowdfunding Platforms for Recession Funding: 3. Patreon

Patreon is more for entrepreneurs in the arts space. With Patreon, fans pay your business on a monthly basis. Get more regular funding, and that’s always better for budgeting. Develop a recurring, dependable income stream while connecting directly with fans.

Pay 5% for Lite. For Patreon Pro, pay 8%. And for Patreon Premium, pay 12%.

What frustrates you the most about funding your business? Tell us in the comments.

Great Crowdfunding Platforms for Recession Funding: 4. CircleUp

CircleUp is only for businesses. Their aim is to help emerging brands and companies raise capital to grow.

CircleUp Growth Partners is CircleUp’s fund currently making direct equity investments into high growth, early stage consumer companies. To qualify, a business must have revenue of $1 – $15 million, raising $1 – $10 million in growth equity. CircleUp Growth Partners is looking for innovative brands that are creating new categories or disrupting existing categories. They want to work with entrepreneurs with a strong vision and unwavering passion for their product.

You can also get a line of credit from CircleUp.

CircleUp says (in its FAQ): “Our commission is intended to be generally consistent with what companies pay to investment bankers in the offline world for similar size fundraising rounds.”

Great Crowdfunding Platforms for Recession Funding: 5. GoFundMe

Because the name is known, we should mention GoFundMe. But it’s probably not the best choice out there.

In general, GoFundMe is for individuals. Hence you might conceivably use it at the very beginning of your starting up a business. You will need to meet your fundraising goal in order to collect. There are no specific platform fees in America.  Industry-standard transaction fees apply and vary depending on the country that the campaign was created in.

GoFundMe is often for personal causes, such as people looking to cover their medical bills. Hence it may not be best for business funding. In addition, given the large numbers of people who use GoFundMe for personal expenses, be aware that a business plea might get lost in the shuffle.

What’s in Part 2 of the 10 Crowdfunding Platforms for Recession Funding You Should Know About?

In Part 2, we’ll round out our list of 10. Discover this new way to get funding for your business.

 

 

 

The post 10 Crowdfunding Platforms for Recession Funding, Part 1 appeared first on Credit Suite.

10 Crowdfunding Platforms for Recession Funding You Should Know About, Part 2

Check Out These 10 Crowdfunding Platforms for Recession Funding You Should Know About

These 10 crowdfunding platforms for recession funding have been catching our eye lately.

Have you been thinking of crowdfunding your business? There are several recession crowdfunding platforms out there with differing requirements. These are the recession crowdfunding platforms you should know.

Getting working capital to grow your business doesn’t have to be hard. Many companies these days turn to recession crowdfunding platforms. A lot of these options will work for startup ventures. The last 5 of our top 10 crowdfunding platforms for recession funding are a bit more obscure. But first, here are a few tips to help you with your campaign.

Quick Tips About Crowdfunding: Your Campaign

Your campaign’s success is far from guaranteed. But you can capitalize on a few proven approaches. First off, consider these four emotions that you need to engender in donors. Use one or more of them as the focal point of your campaign as a starting point.

Scarcity

If you have thousands of something or other to supply as a perk, it will not be as desirable. If you only have a few copies of a specific perk, that will instill a feeling in some potential donors that they just have to have it. Do this with your larger donation levels only. Therefore, you might want to establish a perk/donation level system similar to this:

Donation Level Number of Perks
Lowest 1,000
Second lowest 500 (reward also incorporates lowest level reward)
Second highest 50 (reward also includes two lower level rewards)
Highest 10 (reward also incorporates all other levels’ rewards)

Remember: a lot of variety in physical perks will make fulfillment a lot harder, so don’t work with greater than maybe five separate varieties of physical perks– and even that is pushing it.

Building scarcity into your perk tiers is a great way to add perceived value to the perks which attach to your higher level donations.

Urgency

The first two and last two days of a crowdfunding campaign are pretty much always the days with the biggest payoffs. Often, making the campaign longer doesn’t make you significantly more money. So why not open a campaign for only a week? Do not let donors feel they can contribute any old time they feel like it.

Novelty

If you are offering the same old thing as a thousand other places, no one will want to make a donation. Your widget has got to be hotter, cheaper, lighter, or more resilient. Your food should be reduced in calories or higher in nutrition or better-tasting. Or your professional services need to be delivered better or quicker, by friendlier and more skilled employees. And they should come with a money back guarantee your competition does not provide.

Not sure about your own personal creativity? Then talk to creative people you know, and listen to what they say. They might have amazing ideas and it certainly never hurts to ask.

Cool factor

Is your product a work of art? Is it a new, gadget-like innovation? Then it may have a coolness aspect which you can construct your campaign around. But do not be discouraged if it isn’t! These days, some of the most unforgettable advertising campaigns are based around a product the majority of people found uninspiring not ten years ago– insurance.

So house flipping could boast a cool factor if you show off flipping in a neighborhood where a celebrity lives or once lived. A nail shop can show off coolness with exciting new designs not found anywhere else. And a long haul trucking company can showcase a cool factor with some of the more unusual products you’ve hauled.

Quick Tips About Crowdfunding: Crowdfunding Strategy

A few words on strategy:

Your Pitch Video Must be Great

Use an expert to film it and develop the script. Can’t pay for experts? Then try schools, both pupils and educators. Your script doesn’t need to be verbatim but you should have points you wish to make and not babble. Write a script and stay with it. This is not the right time to ad-lib.

If You Have Tangible Evidence of Your Project, then Show it

Put it in your campaign video and on your campaign page. A number of people are naturally doubtful about crowdfunding. An image and a tangible thing will go a long way to assuring them that your project isn’t vaporware.

Manners Matter

Say please, thank you, and you’re welcome to everyone. Use these magic words in your pitch and in your communications with your donors, even in the cover letters you deliver with your perks (even internet perks can include a cover email). You don’t need to be servile, but you absolutely must be diplomatic.

Stretch Goals Should be a Combination of Readily Achievable and Pie in the Sky

If you are crowdfunding for $100,000, a reasonably easy to attain stretch goal is $125,000. Pie in the sky going to be more like $300,000.

Make it abundantly clear what you will do with any added money if you are fortunate enough to get it. Will you buy the property your startup is in? Employ five more people? Replace your old equipment? Launch a brand-new market on another continent? Let your donors know what you are pursuing, so they can dream with you.

Be Gracious if Your Campaign Fails

You may not receive enough to make an appreciable dent in your funding requirements. So give your donors a stake in and an inside look at your business. This will enable them to feel invested. Even if your crowdfunding campaign concludes does not mean a donor cannot send a check or buy extra goods or services. If that happens, then politeness is essential.

Line up the Most Significant and Most Dependable Donors You Can Before You Start

Tell these people to postpone handing over their $1,000 or $10,000 donation till you start your campaign.

And ask them (nicely!) to release their donation during either the first or last day of the campaign.

Make the most of the novelty factor of the first day of the campaign, or the urgency factor of the very last. Just like a busker with a couple of her own bucks in her hat, to motivate people to toss in a few bucks for a song, you want your biggest donors to show other donors that they believe in you and in your project. And you also want them to suggest your other donors that they had best get in on investing in your startup before the opportunity ends.

Share Your Campaign on Social Media

And ask your family and friends to do so, too. Tweet the link. Incorporate it as a Facebook status. Make it a Tumblr post or a snap on Snapchat or create a blog post about it. Ask your network to publicize the link.

The most effective technique to get your network to help you out is by helping them in return. If your relative’s rock band is on Facebook, share their page, or tweet about it.

Be a collaborative member of your own personal network. Then your contacts will be more likely to help you out when you ask.

And rerun these social media postings. Considering time zones and our all-too hectic lives, people may not see your message the first time around. Mix it up and deliver it at odd hours. You can oftentimes use scheduling software such as Hootsuite for this. This includes what is the middle of the night where you live.

In Part 1, we covered 5 great crowdfunding sites you should have on your radar. Here are 5 more to round out 10 crowdfunding platforms for recession funding you should know about. But now we’re going a little more obscure.

More About Our Favorite 10 Crowdfunding Platforms for Recession Funding: 6. GoGetFunding

GoGetFunding has been around since 2011. It lets fundraisers keep the money they raise, whether they meet their target or not. Flexible funding can be a great option if your company is a somewhat unproven idea and you are unsure whether you will be able to meet your funding needs.

GoGetFunding charges a fee of 6.9%. This somewhat high fee includes both the platform fee and the payment processing fee. Hence this option is actually somewhat more cost-effective than many other crowdfunding options.

10 Crowdfunding Platforms for Recession Funding Credit Suite

What frustrates you the most about funding your business? Tell us in the comments.

More About Our Favorite 10 Crowdfunding Platforms for Recession Funding: 7. Crowdfunder

Crowdfunder works as what’s called equity crowdfunding. This is where investors purchase equity in promising companies.

Crowdfunder treats its campaigns as deals, and its donors as ‘investors’. Pay a one-time fee to make your campaign discoverable.

Starter listings are $299/month. Premium listings are $499/month.  Premium Plus is $999/month.

Types of business which cannot use Crowdfunder include:

  • Guns/Firearms
  • Tobacco/Cigarettes/Cannabis
  • Pyramid Marketing
  • Adult Products & Entertainment
  • Gambling
  • Contests and Raffles
  • Illegal Substances/Drugs

More About Our Favorite 10 Crowdfunding Platforms for Recession Funding: 8. Fundable

Fundable is a business crowdfunding platform which lets companies raise capital from investors, customers, and friends. Create an equity or a rewards-based campaign.

In their first year, they generated over $80 million in funding commitments.

Fundable allows equity campaigns.

They charge $179 per month to fundraise. Fees on rewards are: 3.5% + 30¢ per transaction. They do not charge success fees.

More About Our Favorite 10 Crowdfunding Platforms for Recession Funding: 9. AngelList

At AngelList, you can invest in a startup or even get a job at one.  So it can be, essentially, an index fund for startups. Hence if a larger, established company wanted to offer retirement investment opportunities geared to investing in startup companies, AngelList would be a place where they could go.

Hence AngelList is not exactly a business crowdfunding site. Rather, it is a way to connect investors to an array of startup investment opportunities. So investors can try for returns on FinTech or even cryptocurrencies. One of their better-known investments is a business administration site called HoneyBook.

10 Crowdfunding Platforms for Recession Funding Credit Suite

What frustrates you the most about funding your business? Tell us in the comments.

More About Our Favorite 10 Crowdfunding Platforms for Recession Funding: 10. Fundly

Not quite one of our 10 crowdfunding platforms for recession funding, Fundly does allow for crowdfunding for creative ventures. Therefore, if your business has a creative bent, you might find a home there.

Fundly imposes no minimum amount to fundraise in order to keep any raised funds. You can generally withdraw payments within 24 – 48 hours of the donation. They also allow for automatic and scheduled transfers. It is free to create and share an online fundraising campaign.

However, Fundly will deduct a 4.9% fee from each donation you get. A credit card processing fee of 3% is also taken out from each donation. Plus there are nonspecific automatic discounts for larger campaigns.

10 Crowdfunding Platforms for Recession Funding Credit Suite

What frustrates you the most about funding your business? Tell us in the comments.

Takeaways

So for small business owners who want to crowdfund, it pays (quite literally!) to read the fine print. Large and well-known sites such as Kickstarter may get more attention from donors. This is often because they are better known. However, smaller sites on our list of 10 crowdfunding platforms for recession funding – like Fundable – might offer better rates and more personal service.

In the end, though, it is all about the funding. This is true for all of the recession crowdfunding platforms you should know. If your company can meet its goal, then any platform is going to be terrific. If your business cannot, then you will probably do better looking for another form of funding. This includes building business credit. Discover this new way to get funding for your business.

 

 

 

The post 10 Crowdfunding Platforms for Recession Funding You Should Know About, Part 2 appeared first on Credit Suite.