from #TheNTWKTalk “Why Marketplaces Fail?” by Sameer Singh
Do you want to know how you can boost your services on the network effects? Watch what Sameer Singh told to us:
Takeaways:
1. High supply retention: your supply side needs to be very sticky and very frequent on that side
2. If you have low frequency in general you need to make sure your supply side is highly differentiated: each supplier is different from the next
3. If you want to create a liquid market placing, you need to first have a new value proposition
4. Have a category of supply that you're incredibly useful and then figure out how to onboard demand
For more on this topic, follow Platform Economy and Business Ecosystems and access the full🎙🎙Recording Session on TheNTWKEvents Node