from #TheNTWKTalk “How to launch and build a successful marketplace business”, by Juho Makkonen , CEO at Sharetribe.
Do you want to know the key points to launch a marketplace? What are the strategies for successful monetization in these types of platforms? Watch what Juho told us:
- Start your marketplace as soon as possible.
- The most common way to monetize in a marketplace is: Take Rate (taking a cut of the transactions).
- Starting to monetize from the beginning, in order to validate your business model. If you do it for free, is not going to be sustainable and not validate your business model.
- Alternatives of monetization: leed fees, listing fees, subscription fees.
For more on this topic, follow Platform Economy and access the full🎙🎙 Recording Session on TheNTWKEvents Node