How do you feel about your company’s product vision, product strategy and product roadmap? These are high-leverage areas where many companies could sharpen their thinking and ways of working to become more effective. One of my Read more…
One of the interesting things about online marketplaces is their inherent network effects. They’re hard to get going (not least because of the chicken-and-egg problem) but — if successful — can become very valuable as Read more…
Solving the chicken-and-egg problem is a key one for any marketplace business. Here’s one hack that uses scarcity to help with solving it. What is the marketplace chicken-and-egg problem? When you’re starting a marketplace, you Read more…
How do you find and hire a CTO for your business? As a business owner you might be looking to find a CTO for a number of reasons: You have an established business and are Read more…
If you’re interested in how to start a successful marketplace, Matt Mickiewicz is a man to study. Matt has previously started two successful marketplaces: Flippa and 99designs. His latest business, Hired.com, is a job marketplace which — after just three Read more…
What makes some online marketplaces billion dollar successes and others costly failures? Uber and Airbnb are forging ahead relentlessly. Yet Homejoy, having raised $40 million in funding, ended up shutting down. Why? How much is down to execution and Read more…
How do you build an online marketplace from scratch? Thumbtack, an online marketplace for local services, yesterday announced a $100M funding round led by Google Ventures. Building a local services marketplace is a notoriously difficult problem Read more…
What churn rate can you expect for your subscription box business? What’s a good churn rate? What’s a bad churn rate? If you haven’t yet launched, what number should you put in your business plan? I Read more…
You have a WordPress blog or website. You want some changes made to it, so you need to find someone who can help. But who? One effective way to find a WordPress developer is through Read more…
I always like hearing how entrepreneurs have managed to launch marketplace businesses. TechCrunch recently posted this interview with Michael Karnjanaprakorn of Skillshare, a platform for online education, about how they seeded and grew their marketplace. Read more…