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...
The NFT Marketplace is a platform for buying and selling non-fungible tokens, such as rare or limited edition collectibles. The marketplace allows people to search for collectibles and set their own prices, which is particularly helpful in finding the right buyer who offers the best price. Here a...
Your absolute first step is to gauge interest. Without demand, you will end up wasting your time and resources building something nobody wants. Find a need, know it inside and out, then build the solution to that need. Don't just talk to you friends and family (they are biased). Talk to the re...
Building an online marketplace like Etsy involves several key steps: first, define your niche and audience by identifying a market gap and conducting research to validate your idea. Next, choose a revenue model, plan your budget, and partner with a reputable IT vendor for development. Design a us...
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...
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...
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...
First you'll need the 'sellers'. To get them to sign up you'll first need a website set up that looks professionally made to the extent that one could conceivably believe that it would attract 'buyers' to use its services. Then, do research on how best to find sellers that would be appropriat...
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...
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...