By Mark Thompson / BuzzFeed NewsA market research firm says Mindy Maes Market, the popular online marketplace for buying and selling things, is in trouble.
Mark Thompson, senior analyst for data science company X-Track, said that Mindy’s Market, which connects customers to online sellers, has suffered from “a decline in overall sales volumes and a slowdown in organic search volume.”
Thompson said that in March, Mindys Market had an average organic search search volume of 11,800 queries per month.
That dropped to 7,800 per month in May.
In June, Mindys market saw an average search volume drop to 2,700 queries per week.
That’s down from 5,400 queries per day in March and a record low of 4,400 in April.
Mindy Mae is struggling to keep up with demand, Thompson said.
The online marketplace has had a bad year in terms of revenue growth.
According to market research company Quantcast, the company lost $8.6 million in the first quarter of 2018.
Quantcast data showed Mindy Market lost $9.3 million in revenue for the same period.
Mindys market lost an average of $7.7 million a day in the month of June.
It also lost $7 million in sales per day for the period.
“Mindy’s market is not sustainable,” Thompson said in a blog post.
“The market has shown signs of growing, but not quickly enough to offset the loss in revenue growth.”
He said that, at the moment, the only way Mindys business can grow is to continue selling items on its website.
“However, that is unlikely to happen,” he said.
MindYM has struggled to keep track of which items customers have purchased, so its users have to search through thousands of pages of items to find the ones they’re looking for.
According to Quantcast data, MindYM lost $5.3 billion in revenue last year, which was about 1.5% of its total revenue.
The company has also had a difficult time keeping up with the growth of its online store, which has increased by 1,300% since it launched in September 2018.
It’s a move that some customers are worried about, according to Quantcaster.