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Mohit Kumar

Stealth • 5m

Here are my 4 lessons to avoid chicken or egg problem in marketplaces. ( Implementing in UnleashIT) 1. Target your niche first: Find the small groups in your community that care most about your marketplace. Ex: Uber started with “rich bros” getting black cabs in SF. 2. Choose the hard side first: See, for your marketplace which is harder to get. Is it supply? or demand? And focus on the hard part at first. 3. Make something free suddenly: Taking something that used to have a cost and instead offering it for free can attract more users to your platform. 4. Set a demand constraint:  Fiverr's pricing was initially limited to $5 to focus on executing a single value proposition effectively and provide a simple reason for everyone to use the platform. If you are interested in building a marketplace startup and business related content, do follow.

0 replies8 likes

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How do you manage your academic studying and developing your skill at the same time, I find it hard to focus on both.

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Find your singular ICP. Singular: - Offer - Problem - Niche - Client And grind the sh*t out of it. Stop diminishing your focus by trying to succeed in many. Succeed in one first.

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Aryan Raj

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Anonymous
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Business idea- There are not many creative phone cases for samsung and other android phones like iphone have.I think there is a huge market gap in supply demand in thie field ,someone please jump in this industry .PS: I'll be your first customer

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kamal p

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Anonymous
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Most IT marketplace startup is providing more than one solution to help their major business: 1. Zomato marketplace connecting restaurants and hungry consumers plus home delivery 2. Oyo marketplace for hotels plus branding 3. Angel.co marketplace for

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kamal p

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Cross border b2b marketplace which makes it easier for businesses to procure goods from/in India. Don't think there is a big player as of yet. Share your views

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