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First figure out which side is harder to attract. Demand side or supply side? In most cases the demand side is harder as you could easily get people/companies w
by ismail 9y ago
First figure out which side is harder to attract. Demand side or supply side? In most cases the demand side is harder as you could easily get people/companies who want more $. This however does not hold in every market.
I am going to use the term the marketplace driver for this. Not sure if it already exists.
The market place driver will make the platform attractive for the other side.
A strategy for this could be to intially offer something of value to the marketplace driver without the need for the other side. So they get value without having to conclude a transaction.
Then eventually transition to the marketplace business model.
Another tip would be to focus. like around a geographic location, product or niche service. Then expand out from there.