The Questions that Matter when Building a Marketplace
We’re (Horizon) building a marketplace for people looking for places to stay, and those willing to provide it.
Every startup, in any industry, matching needs and haves – aka building a marketplace – will have to address a number of challenges along the way. It’s far from easy. There are only a few questions that really matter when building a marketplace:
- What’s the pain point you’re addressing? How many people have that problem?
- Who has a massive incentive to solve that problem, and what is it?
- How do you get distribution?
Number 2 is the one not discussed often enough.
Malcolm Lewis
Posted at 08:39h, 24 May4. Liquidity.
http://techcrunch.com/2012/08/19/how-to-structure-a-marketplace/
http://pando.com/2012/11/20/liquidity-hacking-how-to-build-a-two-sided-marketplace/
Drew Meyers
Posted at 12:13h, 24 MayIndeed. Goes along with distribution.