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Buyer Community> Trade Intelligence> news> 99Designs, an e-marketplace for designers and clients, eyes big growth
Source: Internet Retailer Internet Retailer

99Designs, an e-marketplace for designers and clients, eyes big growth

Published: 09 Dec 2014 02:54:11 PST

International sales help fuel the 5-year-old marketplace’s increase in payments to designers.

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99Designs, a 5-year-old online marketplace where designers compete for projects, expects to hit $160 million in payments to those designers by the end of 2015, up from nearly $84.4 million to date.

99Designs.com is a global e-marketplace where a business can find various types of designers, including those who specialize in web sites, mobile apps, business logos, brochures and T-shirts, arrange and collaborate online on projects, and pay fees online for the completed project. Businesses seeking design work set up a “contest” on the site that lets designers submit their proposals. The winner gets compensated.

Another option enables a client to select a particular designer and arrange for a one-on-one project, where the client works out the fee with the designer. Clients can also choose and download ready-made logos and other designs, paying a fixed price listed price on 99designs.com.

99Designs’ pricing starts at $299 for proposals from about 30 designers and goes to $499 for 60 designers and $799 for 90 designers and a dedicated account manager. For $1,199, the client gets 60 designers handpicked by 99Designs and an account manager.

The online marketplace has offices in the United States, Australia, Brazil and Germany, and offers design services in nine languages. Its clients and designers come from 196 countries. As of early this week, more than 2,100 contests were running on the marketplace, with more than 336,000 completed in total.

“During the last two years we've been thrilled to see our investment in international markets pay off with some terrific growth," says Patrick Llewellyn, CEO of 99designs. “These numbers strengthen our desire to continue delivering the best solutions for businesses of all sizes and unmatched opportunities for designers.”

For a free subscription to B2BecNews, a weekly newsletter that covers technology and business trends in the growing B2B e-commerce industryclick here. B2BecNews is published by Vertical Web Media LLC, which also publishes the monthly trade magazine Internet Retailer.

By Thad Rueter Senior Editor
September 29, 2014, 1:49 PM

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