Online marketplace- what should I know?

[Coma]

Hello! I want to create an online marketplace platform. What are the main pros and cons of this business? I am a bit confused cause my friend told that it’s a bad idea.

 

[Wizard]

How much did you share with him? Because I believe if executed well it could indeed be a profitable business. But it usually ISN'T and thus it not entice sellers and buyers to get together.
However, if you are able to offer benefits to BOTH sellers AND buyers yet make a profit from such then that's a step already taken cared of.
Other things you have to worry about are hosting, development and so on. If you still want to create an online marketplace business - you can take a look at this article https://steelkiwi.com/blog/online-marketplace-businesses-key-benefits-to-starting-one/ . It can help you a bit.

 

[woodtechkitchens]

Thanks for sharing

 

[aimbizcon]

I really impressed with your Post it's very interesting and helps a lot with different aspects

 

[deaddiction]

thanks for sharing with us

 

[pyarasarishta]

Thanks for sharing

 

[bleukitchens]

Thanks for sharing

 

[indiakidneyhospital]

Thanks for sharing

 

[quickbooks1310]

thanks for sharing with us

 

[somnathji]

Thanks for sharing