Do you use Hivelist to sell physical products, and if so, have the sales been worth the setup time and cost ?
Hivelist.io is a project on the Hive blockchain which allows creators and businesses to set up sub-stores selling products (as well as NFT's).
If you are selling products, it is effectively a Wordpress/WooCommerce store with the benefits of taking payment in HBD and being listed on the Hivelist store directory, in exchange for initial investment/staking, plus a 10% commission on sales.
I'd love to hear if you own business using this service, and if so, have you found sales have been sufficient to cover the cost and setup effort ?
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I haven't sold anything on it so I can't comment... But I did reshare, so maybe more eyes will be able to get you an answer!
Thanks for the reshare ! I wonder if it suffers from one of the "features" of Web3 projects - that it's very much a one man project, or a small team, one of a huge mass of ingenious Web3 ideas. But without the centralised focus, marketing effort and funding of a behemoth like Google, it struggles to get seen by a wide audience.
How we resolve that to get mass adoption of Web3 as a whole while avoiding centralisation is something I don't have an answer to !
Hi @alonicus,
Honestly, I think the initial investment and staking are okay but the 10% commission is an overkill for a fledgling startup with little or no audience.
It will be difficult to get big stores to consider investing in Hivelist until Hive membership grows to something like 15 to 50 million. In the meantime, it would be advisable for Hivelist to target individuals, small retailers and dropshippers.
Of these, the dropshippers should be easy to target. However, the seller who uses dropshipping has to pay Hivelist 10% and the dropshipping company another 10 - 15% commission (I think) for services rendered for packing, shipping etc. This would make it difficult for the seller to price the goods competitively to secure sales.
Posted using HiveLIST
Hi @invest.country - thanks for your reply ! I tend to feel the same about the commission.
Hivelist is based on WooCommerce. That's a big plus because it would mean I could use the product data from my current WooCommerce website, simplified a bit to take out all the stuff that hooks into various plugins. I reckon I could also integrate it with our back-end software and Google Ads (particularly to avoid issues around duplicated content).
But our website costs around 4% for everything - payment processing, hosting, updates, the lot. With HiveList, in addition to the 10% commission, I've just spotted in the small print that they also offer discounts of up to 20% to buyers who stake LIST tokens, which the seller is also expected to fund.
Overall, I think Hivelist probably works for sellers of intangible downloadable goods, but not so well for retailers selling at tight margins. I'd really love to be able to take HIVE and/or HBD, but it looks like adding it as a payment option to the existing website may be a better option !
Hi @alonicus,
I believe, the admin (founder) of Hivelist is quite open to suggestions. It would be worthwhile for you to contact him (discord: thelogicaldue#7008 or [email protected]) to discuss your concerns and needs so that he can make the necessary changes/adjustments, where possible.
Posted using HiveLIST
Thanks for that - definitely worth knowing ! I'll have to sit down and work out exactly what I'd look for the Hivelist site to do and go to him with a set of coherent questions. But I appreciate he has to get a return for all the work that's been put into it, hopefully it can be made into a win-win scenario 😀
Best of luck.
It would be great if you could convince him to do away with the commission and the discount on goods for those with stakes for at least the next 2 or 3 years to help build the number of sellers and the products on the platform.