How to build a marketplace

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How to build a marketplace? Marketplaces have taken the world by storm. For entrepreneurs looking to start the next big online business, marketplaces are a highly attractive proposition. Are marketplaces the perfect business model? The marketplaces model is all about bringing buyers and sellers together for a small fee. This makes marketplace platforms asset light and relatively cheap to launch, especially now that interfaces and backend technologies are becoming increasingly commoditized. They tend to be hugely scalable, too. Fixed costs associated with marketplaces are relatively low due to the relatively simple technology required to build them. And revenue potential is almost unlimited, provided you can get perfect the offering and reach the right customers. To build your marketplace […]

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