Skip to main content

Marketplace Best Practices


McFadyenAcademy

Course Overview

This course is based on the book “Marketplace Best Practices – Transforming Commerce in the Platform Economy” (copyright © 2021 by Tom McFadyen), written by Tom McFadyen and the marketplace experts at McFadyen Digital.

This course is a self-paced e-learning experience that presents the content structured in the same way as the book: three sections containing a total of 31 chapters:

  1. Section 1: What is a marketplace
  2. Section 2: Who is operating a marketplace
  3. Section 3: How to operate a marketplace

These three sections present core intellectual properties of McFadyen Digital, like the “Marketplace Maturity Model” and the “Marketplace Enablement Steps” and also provide a wide coverage of related topics like market motivations, various models of marketplace, building a business case, making strategic decisions, selecting the right technology, building and launching a new marketplace property and many more.

Course objectives:

This e-learning course aims to equip the participants with the knowledge they need to become a well-rounded marketplace platform professional. It helps participants learn everything they need to know about creating and launching a new marketplace property. Starting right from various models of marketplace, building a business case, making strategic decisions, to selecting the right technology.

Based on real-world case studies that are presented during the course, after completing this course the participants should be able to communicate effectively and show a well-rounded understanding of marketplace best practices in various situations like business evaluations and decisions and marketplace implementation initiatives.

Course schedule and dynamics:

This is a self-paced course and therefore you can go through it at your own convenience. To support the participant in retaining what is taught, after each lesson the student is requested to go through a set of 10 questions and clear at least 80% of them before moving to the next lesson. After each of the three sessions of the book, before moving forward the participant will also be required to go through another batch of 20 questions and clear 80% of them.

Office hours and support:

This is a self-paced course with no office hours available. In case you have questions, suggestions or any difficulties using this course, please send an e-mail to McFadyen_Academy@mcfadyen.com.

Author

Course Staff Image #2

Tom McFadyen

Since founding McFadyen Digital over thirty years ago, Tom McFadyen has built the team to several hundred employees across North America, South America, and Asia. Heis a frequent speaker at IRCE, NRF, and Shop.org, and he holds board and council positions at NRF, YPO, and the Oracle Commerce User Group.

This book is based on 15 years of experience designing and building dozens of enterprise-scale marketplaces that cumulatively generate billions of dollars of GMV. McFadyen Digital has supported many clients from initial strategy definition to marketplace design and implementation to long-term support and growth.

Our experience includes both B2C and B2B clients, as wellas marketplacesfor products and services. Many of the solutions we have built have scaled to over a million products or SKUs. We have built marketplaces from scratch, and we have leveraged commercial marketplace platforms as a starting point. Many of these marketplaces are internationalized, global solutions deployed to a multitude of countries, languages, currencies, payment processors, tax calculators, fulfilment systems, etc.

McFadyen Digital employs over a hundred marketplace experts, many of whom shared their hands-on experience in the writing of this book. Our challenge was not creating sufficient content, but instead trimming it down to fit into a reasonably sized business book. Many of the chapter topics—Amazon, user experience, marketing, CRO, data, metrics—couldfilla book by themselves.

What we are most proud of is that our clients have received awards for the great marketplace solutions that we have collaboratively designed and launched. Many clients have also presented their success stories ata dozen national andinternational conferences before thousands of attendees.

More information about McFadyen Digital is available at the end of the book and at www.mcfadyen.com.The website also contains many frequently updated white papers on the rapidly changing marketplace trends. For the latest marketplace updates, subscribe to our newsletter at www.mcfadyen.com/blog.

An annual report on the evolving marketplace platform vendor landscape is available in the “Marketplace Suite Spot” report. To read the most recent assessment of platform vendors visit http://www.marketplace-suite-spot.com/.

Frequently Asked Questions

What web browser should I use?

The Open edX platform works best with current versions of Chrome, Edge, Firefox, or Safari.

See our list of supported browsers for the most up-to-date information.

Enroll