Why are there so many new online marketplaces popping up?

W

One reason is because there are more tools available to create online marketplaces.

For single-sided marketplaces, people can use Shopify, BigCommerce or WordPress (with plugins).

For two-sided marketplaces, people can use Sharetribe, WordPress (with plugins) or hire developers to create their marketplace.

Other factors include:

  • The costs are getting lower
  • Shows like Shark Tank & The Profit are making it seem easier
  • People are now more used to having hundreds or thousands of followers. I feel this leads to the perception that they could attract this same amount of people to use their product.

About the author

Rich Peterson

I've spent the last 10 years planning, mapping & reimagining the processes of hundreds of SMBs. Whether the goal is more money, more time, more clarity or more customer smiles, my insightful process is worth every minute for my successful clients.
-----------
Disclaimer: I use affiliate links on my website and only recommend what I use, have used or have vetted in the best interest of my readers. I may earn a commission if you click on an affiliate link, but it won’t cost you extra.