A marketplace is a platform where buyers and sellers can sells and buys products of each other. It usually improves efficiency in communication and payment. Though the definition is so simple, building a marketplace startup is much more difficult because you have to combine the interests of two parties.
Though marketplaces are tough to build, but they’re even harder to kill. They can be incredibly durable and profitable once they reach liquidity which is also hard part. Despite the difficulties, there’s a tried and true way to startup a successful marketplace, one that hopefully ends in success. Let’s start with the basics checklist.Continue reading “Checklist for Building a Successful Marketplace Startup”