Startup Funding Espresso Launching a Marketplace Business
Launching a Marketplace Business Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In launching your marketplace consider starting with a niche. Focus on what your team does best. Choose a niche in the sector that you can easily gain access to the supply side. This could be either by geography or by service offering. Offer above-average service to launch the marketplace.\xa0 As Paul Graham wrote, in the early days you must do things that don\u2019t scale. Even though the niche may not be a large market, you can expand to other niches later. Amazon began by selling books online but later expanded into other areas. Pick one or two methods for generating supply. This could be direct sales, referral partners, word of mouth fostered by social media, value-add products for the supply side, or events. Once the supply side is in place you can drive demand through marketing, SEO, direct sales, and events. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .