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How to build a marketplace in business
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[QUOTE="Peppul, post: 74436, member: 27039"] So your idea seems to have real potential, it solves existing problems, there is a market place for it, and even the possibility of earning money. However don't hurry to approach investors yet. You first have to figure out how to launch a marketplace website. 1. Build a market place prototype and test the idea. First you need to get the idea out of your head and make it visual. This can be done with a prototype which is a sketch or a simplified model of what you are going to build. 2. Prepare the project documentation. Though this may seem to be monotonous task, creating detailed project documentation will save you plenty of time and money to in the market place website development process. It doesn't matter if you hire in house developers or a dedicated team, the documentation will be a clear roadmap for them. 3. Build a marketplace website mvp. After preparing the prototype and project documentation, you are now ready to start developing the product, or a minimum viable product to be exact. A minimum viable product, or the MVP, is a product with just enough features to attract early users. This idea behind the mvp is to get the application into the hands of the target audience as soon as possible. 4. Grow your online marketplace user base. [/QUOTE]
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