Questions

Results for: Online Marketplace

Online marketplaces are typically valued by revenue, community engagement and potential. What is the company's current growth, what is the rate of growth, what is the market share potential, how it is the market, and what are the opportunities that the company affords. These all play a part in va...

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Check out https://www.balancedpayments.com/ They are made for marketplaces. Airbnb CEO among others invested in them and they have some of the best pricing/payout fees. Also some good info on http://www.collaborativeconsumption.com/2013/10/08/online-marketplaces-are-hard/ One of Balanced Payme...

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Hi First of all - good luck. Second, I ALWAYS advise on doing market research and validation. The ratio of time versus value is always in favor of doing validation. I've successfully helped over 300 entrepreneurs and would be happy to help you if you need. Just send me some background info by e...

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Reviews are a powerful capability that gives credibility for transparency. You also have to be prepared for those open conversations - as you know from referencing those three sites. This means committing to authenticity (as cooked reviews are a major mistake some have attempted) and navigating t...

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Hi Nitin, I may suggest a few ones that I have been working with and that operates globally: - Ayden - Checkout.com The main drawback is they focus usually on big businesses so fees may not be appealing to everyone. Have you also tried with PayPal?

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Clarity has dozen's of experts in this area - some are list here: https://clarity.fm/browse/industries/marketplaces and here: https://clarity.fm/topics/marketplaces-10183 https://clarity.fm/topics/online-marketplace-12395 My favorites are - Micha Kaufman (Founder/CEO @ Fiverr.com) https://clari...

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The big question that is always a challenge for a marketplace is refereeing between buyers and sellers when there is a conflict. Basically, what processes are in place to make sure there is a resolution if a transaction turns sour between buyer and seller. Ebay, for example, tends to favor the bu...

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Great Question! As per Allied Market Research, the fitness equipment market size was valued at $11.5 billion in 2019 and is projected to reach $15.2 billion by 2027. The COVID-19 outbreak has indeed shaken up the health and fitness industry in a way no one could have imagined a few years ago. T...

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As mentioned, it depends on what your specific goals are and what kind of marketplace we're dealing with. I know the best practices / approach we used at Skillshare, but let me know if you have a more specific question.

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I've worked on marketplace projects and I can tell you that the cost of building a platform will be relatively minimal. Essentially you're building a database with 3 tables: supply side (contractors), demand side (consumers), and activities that connect jobs/tasks/quotes between suppliers and c...

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