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Akshat Aggarwal

Building Triangles |... • 1y

Calling out all experts ! 🙋 Building a marketplace from scratch is no walk in the park. So, I'm turning to the fellow experts how can one build a killer consumer marketplace from scratch. What features are MUST-HAVES for initial launch? Should one explore no-code/low-code solutions like Shopify Marketplace for a quicker start? Are there any hidden drawbacks? How do you attract the first wave of vendors and customers? Should one focus on building a strong supply-side (vendors) or demand-side (customers) first? Should one tie-up with a logistics company or build it in-house ? Any other survival tips for building a marketplace? Growth hacks, community building strategies, or hidden pitfalls to avoid? Let's turn this comment section into a treasure trove of marketplace wisdom! ✨ Share your insights and best practices and let's learn in public! 💪

3 Replies

Replies (3)

Hawk

Product Ops Wizard a... • 1y

Building one from scratch is waste of investment, I would recommend use a low cost solution like Shopify to start it off then at the backend hire someone to create something custom for the long run. As for the traffic, use IG content and ads to begin with. Predict your customer base, research heavily about your product and the demand in the market and then store an inventory that meets 80% of the target so that you reach the orders intime, when you achieve 50% of sales of your stored inventory then purchase the rest of the 20% or order more. Tie up with a logistics company first to have the inital success/deliveries after a certain target is set work on the backend to find a in-house solution. My 2 cents.

1 Reply

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