Key Takeaways: Build Supply Side First Use the better NPS score of one side to create the network effect on the other side. If its hard to convince the suppliers, it a good sign.
I think the initial scope or audience that one is trying to craft a solution for is the most important part when first attempting to gain marketplace traction. This way one can gain insight as to whether or not their solution is valid or more importantly, if people are willing to spend their money or their time on the product or solution. If one has correctly penetrated their beach head market, then the next phase would be to scale according to the demand and the resources that are available to them.
Keep up the good work; I read few posts on this website, including I consider that your blog is fascinating and has sets of the fantastic piece of information. Thanks for your valuable efforts.
Honestly it sounds like you are trying to hire for the cheapest possible prices. Talent doesn't care about Vision anymore - so many have been burnt by startups over the past decade- they want competitive compensation for work rendered because they know 95% of startups will go under within 5 years. So if you cannot afford to hire the talent you are looking for and require - you might want to think about how you can (get some funding) or look into different avenues to acquire talent (just expect it to not be great because they will most likely be new or freelancers).
but still no improved with a multivendor website on a single platform where multi Hotel's will be able with Booking functions and multi Restaurant's Online Food Ordering and delivery functions, Clothing shops, booking a taxi , booking a barbers, electronic and car stores etc. on a single platform. Need to improve all these functions and features. When this function will be?
Key Takeaways:
Build Supply Side First
Use the better NPS score of one side to create the network effect on the other side.
If its hard to convince the suppliers, it a good sign.
I think the initial scope or audience that one is trying to craft a solution for is the most important part when first attempting to gain marketplace traction. This way one can gain insight as to whether or not their solution is valid or more importantly, if people are willing to spend their money or their time on the product or solution. If one has correctly penetrated their beach head market, then the next phase would be to scale according to the demand and the resources that are available to them.
Thank you, working on marketplace project, your info helps for our braintroming proccess. Great speech!
And how your marketplace is going?
Thanks for the insight on marketplace techniques, Brian.
Keep up the good work; I read few posts on this website, including I consider that your blog is fascinating and has sets of the fantastic piece of information. Thanks for your valuable efforts.
14:45 to 40:08 is my favourite part
Bravo! Thank you very much for this nice pack of words! I'm with you with all my heart. Wish you all the best in all your next internet projects! :-)
somewhat vague, Which marketing techniques were used? what was the onboarding process?
Awesome presentation and insights.
This is all so very true, thank you Brian.
Q
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I like the "winning" definition. Great lecture!
Great conversation!
Some excellent insights here. Thank you.
I just launched a marketplace 3 months ago. It's really difficult to find great talent that sees the vision. Has it been the same for others?
Honestly it sounds like you are trying to hire for the cheapest possible prices. Talent doesn't care about Vision anymore - so many have been burnt by startups over the past decade- they want competitive compensation for work rendered because they know 95% of startups will go under within 5 years. So if you cannot afford to hire the talent you are looking for and require - you might want to think about how you can (get some funding) or look into different avenues to acquire talent (just expect it to not be great because they will most likely be new or freelancers).
@@corail53 that's a pretty wild guess loaded with your own bias' based on the info I gave.
How's your marketplace going
I plan to build a unique all in one multivendor marketplace having a combination of physical, Digital and service products. Please what do you think?
I’m a couple years ahead on this. Maybe you wanna chat.
Been done hundreds of times already.
This is how u truly become a billionaire
but still no improved with a multivendor website on a single platform where multi Hotel's will be able with Booking functions and multi Restaurant's Online Food Ordering and delivery functions, Clothing shops, booking a taxi , booking a barbers, electronic and car stores etc. on a single platform. Need to improve all these functions and features. When this function will be?
great💯
Yo that's a sick outro beat
Peace & Prosperity 🙏🏼
No non-sense bits of information with right dose of emphasis
Thank you so much!
Would like some consultancy services. Do inficate if you provide consultancy. .Really good video. Have learnt alot. Tks..
Where was the video hiding all this days wowewww
is the mniddle of the video missing for anyone else?
Seems to be repeated with a big blank space in the middle.
The faked the length of the talk to get "traction" on the video