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Have you done the math on your marketplace idea? How much would a typical transaction be? What % of that would you charge as fees? How many jobs can you sell in
by revorad 13y ago
Have you done the math on your marketplace idea? How much would a typical transaction be? What % of that would you charge as fees? How many jobs can you sell in a month and how?
No need to bust out Excel and do any complicated models, but it's surprising how few people even do the mental arithmetic to figure out the volume of business and prices they need to charge to make rent.
For example, most people starting out with SaaS go with freemium with a premium plan of... you guessed it right.. $10/month!!! But, even at a conversion rate of 2% (which is not trivial and assumes you're making something people actually want), you'd need 3,000 users to earn your $600 of current living expenses, ignoring things like business costs and tax.
Do the math.
- rfnslyr 13y agoI'm going to be honest here. I did not do the math. However, I am able to see the need for an application like this in my particular area. There really isn't much, everything startupy related is based in the US so there is a lot of opportunity here in Canada. Many people I know have mentioned how great it would be if there was a central Canadian hub to hire labour. I fully believe in this idea, I have a vision, and I plan to finish it. I'm really only doing this as a side project, to learn new technologies, to display that knowledge, and ultimately create an awesome portfolio piece if the idea doesn't take off. If it does take off, that would be incredible. I want to make it completely free. I want people to be able to find jobs with this amazing app, keep all the money, and keep the interaction between the employee and customer. I don't take any cuts. Registration is free. The app is free. In the future, if it does get traction, I may introduce some premium services or incorporate it. Right now, I just want to experiment with a mobile labour job marketplace.