Overview
How does Markentry work?
Intro
Markentry is sales-hub sharing platform for startups to enter into new markets via sales-hub sharing.
Sales-hub sharing is a marketing agreement between two startups, which allows one startup to access sales experts of another startup partially or fully to sell their product. The objective of sales-hub sharing is to enter and grow within one city market.
Compensation in sales-hub sharing concept is based on sales commission in the target city.
Markentry is the birth place of sales-hub sharing concept, and it facilitates sales-hub sharing among startups.
Markentry works as followed:
1
Sales-hub sharing: Markentry is sales-hub sharing platform. Sales-hub sharing allows one startup to access to the sales experts of another startup to sell their product in one city market.
Startup pool: After a startup is registered on Markentry, they will be assigned to a relevant startup-pool by Markentry admin based on the information they provided on the startup profile. Startup pool is a place to scan the potential sales-hub partners and send or receive sales-hub sharing applications.
Application: You can send sales-hub sharing applications to other startups within startup-pools. Applications are sent with a collaboration proposal to a potential sales-hub partner. We recomend you to send a solid collaboration proposal to other startups, which includes information regarding your product, its potentials, the added value of selling your product together with theirs in their home city market, the compensation for selling your products, and etc. This way there will be a high chance to form a shared sales-hub. You can communicate about sales-hub sharing proposals and finally come to a conclusion to form a shared sales-hub or not.
Points: The more points a startup has the more access they have to the potential sales-hub partners within a startup-pool. Certain points gives a startup ability to join other startup-pools, so they can have access to more potential sales-hub partners. Check the point page to see how to gain more points. And check unlock page to learn how many points you need to access more potential sales-hub partners.
Credits: Credit is the only premium service on Markentry. In order to invite a sales person to the shared sales hub, every startup in the shared sales-hub pays one credit per month.
First important note: it is free for startups to invite their sales team to their home-city sales-hub.
Second Important note: when a shared sales-hub is created by 2 startups, the founder of each startup will be added to this shared sales-hub automatically free of charge.
Please check markentry website to see the credits pricing list.
There are ways to obtain free credits on markentry. You can read "What is credit on markentry and how to receive free credits?" in article page to learn more.
Enjoy sales-hub sharing J