The phrase
"marketplace business" refers to a type of business that connects buyers and sellers on a platform. It acts as a mediator, facilitating transactions between the two parties. Think of it as a virtual marketplace where people can buy and sell various goods or services.
Full definition
The two
marketplace business models explored in this chapter are unique and may not appeal to some marketplace owners or their providers and customers.
Mike from Studiotime — The largest online community to rent music studios «I was able to build a profitable
marketplace business in 6 months.»»
«In Chicago, you see a lot
of marketplace businesses and software as services,» adds Stuart Larkins, founder of Chicago Ventures.
While Fancy did meet with eBay's
Marketplaces Business Unit President, Devin Wenig, a source familiar with the talks says no buyout price was ever discussed and was skeptical acquisition talks with eBay had ever occurred.
But CEO John Donahoe and his crew have certainly done it before, and ChannelAdvisor e-commerce data suggest
the marketplace business had a good quarter.
Nearly Rs 250 - 300 crore came from
its marketplace business while the payments business accounted for about Rs 500 - 600 crore in July.
When we bought eBay, investors were worried about its market share relative to Amazon; we thought PayPal was so valuable that we were getting
its Marketplaces business for free.
We know that the journey of starting
your marketplace business can be difficult.
Having covered some of the more conventional methods of monetising
your marketplace business in the previous chapter, it is time to explore more unique business models.
The new business unit strongly aligns the company with the increasing strategic importance of private - label brands and products in the marketplace
eBay, the existing publicly traded corporation, will continue to operate
its marketplaces business.