I think you're looking at this the wrong way. Your customer acquisition cost is not something you should benchmark against other businesses. Without knowing more, like your short and long-term goals, it's impossible to answer. Two companies with similar business models may have different answers...
You know what would be great... A platform exclusive for Marketplace experts ;) I would answer this in short by saying you don't attract them simultaneously. To elaborate; The Chicken and Egg problem is solved (historically) by attracting and retaining the top providers of whatever service f...
I'm the CTO of https://3dagogo.com a marketplace of proven to print 3D designs. We look at the two sides differently. There's not a single customer. In our case you have designers and purchasers ( sometimes the same person can be both ). Cost and methods for acquiring designers are very differe...
Hi Good question. I'm actually just helping a startup with this. Suggestions (some obvious, some less): 1. Forums (in your relevant service). 2. FB groups. 3. Partnerships with HR people in that field. 4. Post Job opening. 5. LinkedIn. 6. Contact them directly, and give them an incentive to...
Yes there is!...A marketplace is a platform where vendors can come together to sell their products or services to a curated customer base. ... Examples for marketplaces Which grew as a result of focusing at the supplies end are large companies with huge inventories like Amazon, Rakuten or eBay or...
For four years, I was the marketing manager at Axial, a two sided marketplace that matches investors with companies looking to sell their businesses. We figured out the chicken and egg problem, then figured out how to market and sell each side in a way that scaled. When you think about building...
I'm surprised other people are giving you concrete answers as it is impossible to say. How much have you invested in building the current ROR based system? Are the developers happy to code with both or are they simply steering you towards the technology they know? Magento is a great platform....
The ride-hailing industry is experiencing rapid growth. According to recent data from Statista, the global ride-hailing market is expected to generate $344.40 billion in revenue by 2025, with an annual growth rate of 10.48% from 2023 to 2027. With such strong potential, many entrepreneurs and bus...
Here are the two main business models for B2B marketplaces. Commission based model The first business model is probably the most popular one as it adapts to almost all industries. This model consists of charging commissions on all transactions happening on the marketplace. The operators defines ...
There's many ways to help with this, here's what I do at Clarity 1. Build an email relationship with your supply. They should have direct access to you, and you should build an ongoing drip campaign that teaches them how to improve their experience (and make more money) on Clarity. 2. For memb...