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Case Study
Dec 21, 2023

LACED Multi-Vendor Marketplace Case Study And How to Start Your Own

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Laced.com is a dynamic online marketplace that's all about sneakers, offering sneakerheads a vast selection of the latest and most sought-after kicks. It's your go-to destination for snagging that perfect pair, whether you're a casual enthusiast or a hardcore collector. Starting your own marketplace? Consider Vendo, notable for its easy-to-use interface and cost efficiency. 

The Vendo platform streamlines the launch of your marketplace, enabling you to feature well-known domestic brands while adeptly handling inventory and shipping. With Vendo taking care of the operational aspects, you have the liberty to focus on crafting a distinctive and appealing marketplace that aligns with your customers' preferences.

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Vendo is a one-stop-shop for all your marketplace needs, providing you with a marketplace platform automating day-to-day operation, a catalog of brands to pick from or an ability to invite your own brands, merchandising and promotional tools, ability to sell through multiple channels (your existing website, emails & SMS, mobile app, social media), and ongoing daily support scaling your marketplace business.

Laced.com: Lacing Up Success in the Online Sneaker Marketplace

1. Finding the Niche and Launching

Laced.com likely began by identifying a niche market within the sneaker community. Understanding the growing demand for exclusive and hard-to-find sneakers, Laced.com could have positioned itself as a specialized marketplace for sneaker enthusiasts. They might have focused on rare, limited-edition, and high-demand sneakers to attract a passionate and dedicated customer base.

2. Building a Community of Sneaker Enthusiasts

A key to Laced.com success would have been fostering a community around sneaker culture. By creating a platform that not only sells sneakers but also celebrates sneaker culture, Laced.com could have built a loyal following. Engaging with customers through social media, sneaker forums, and events would have helped to strengthen their community ties.

3. Authenticity and Trust

In a market where authenticity is paramount, Laced.com would have invested heavily in verifying the authenticity of their products. This commitment to genuine and high-quality sneakers would have established trust and credibility among their customers, which is crucial in the second-hand sneaker market.

4. Marketing and Affiliate Program

To grow its reach, Laced.com might have employed a robust digital marketing strategy. An effective affiliate program could have been a significant part of this strategy, enabling influencers, bloggers, and sneaker-focused websites to promote their platform. This would have helped Laced.com reach a wider audience and drive sales through commission-based partnerships.

5. Evolving with the Market

Staying relevant in the ever-changing sneaker market would require Laced.com to constantly adapt and update its offerings. Keeping up with the latest sneaker releases, trends, and customer preferences would be essential for ongoing success.

Replicating Laced.com Marketplace Success

To replicate their success, a new marketplace should:

  • Identify and cater to a specific niche market.
  • Build and nurture a community around that niche.
  • Ensure authenticity and build trust with your audience.
  • Develop a strong marketing strategy, including an affiliate program.
  • Stay agile and adapt to the latest trends and customer needs.

By following these steps and focusing on the specific needs and dynamics of their chosen market, a new online marketplace can pave its path to success.

Get started with a marketplace like Laced on Vendo!

START YOUR OWN MULTI-BRAND MARKETPLACE ON VENDO

  • Book a demo call: We’ll set up your demo marketplace and populate it with products
  • Customize your Storefront: We’ll help you craft a storefront that aligns with your brand identity, ensuring a cohesive and on-brand shopping experience for your customers.
  • Onboard Brands: Invite your favorite brands or choose brands from the Vendo brand catalog. We can also start reaching out to brands you’d like to sell on your behalf.
  • Select Products: Curate product collections manually or automate the process to efficiently manage your catalog and meet customer demand.
  • Embed products: Make your editorial content shoppable with products embedded right where your customers expect them to find. Simplify and streamline product discovery.
  • Start Selling Programmatically: Push products through multiple touch points: on your website, share it on social media, and include products in your newsletters.
  • Get Paid: Get paid as soon as products are shipped by the brands. No need to wait 30-60 days or worry about orders not attributable to your affiliate links.
  • Get Repeat Sales: Since you’re not linking out, your customers will keep coming back. We’ll help them with abandoned cart emails and promotional email blasts.

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