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Expert
MenuJordi Llonch Esteve
Former airline pilot. Multimedia BA. Entrepreneur with 2 successful failures. Founder at Sharing Academy. In love with marketplaces ❤️

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JL$2/min per minute(1)Build and Launch Your Marketplace From ScratchJordi Llonch Esteve • Seoul, South KoreaCreated 6 years ago in Industries / MarketplacesAirline pilot for 7 years and Multimedia bachelor by Universitat Oberta de Catalunya, I always thought of myself as an entrepreneur. Some of my ventures include: - Computer Based Trainer that teaches first time pilots to fly their first airplane. - Travel Cards, a universal translator for travelers, which created some buzz in the travel industry, but never launched. - Picto Connection, a several times awarded collaborative platform that uses big data and artificial intelligence to allow people with communication disabilities communicate satisfactorily. - Sharing Academy, a peer-to-peer tutoring marketplace where university students can earn an extra income by sharing the knowledge they acquired in previous semesters to other students from the same university. It became the Best App of the World at Mobile World Congress 2016 out of 9,000 competing apps from all over the world. I am a passionate person, eager to question the status quo willing to help you success with your marketplace. During the last 3 years I advised more than 50 startups to launch their marketplaces. The topics I cover are based on The Lean Marketplace (of which I am the Editor): – PHASE I – GETTING STARTED – 1. What you need to know before starting your marketplace business 2. How to come up with a great marketplace idea 3. How to choose the right business model 4. How to avoid disintermediation 5. How to set your commission 6. How to validate your idea before building the platform – PHASE II – BUILDING A PLATFORM – 7. How to build a Minimum Viable Platform 8. How to communicate your value proposition to your users 9. How to match your customers with the right providers 10. How to design your marketplace’s transaction flow – PHASE III – LAUNCHING AND GROWING THE MARKETPLACE – 11. How to build the initial supply 12. How to launch your marketplace 13. How to grow your marketplace 14. How to measure your success: The key marketplace metrics 15. How to build trust in your marketplace 16. How to turn your marketplace into a community If you like the plan, I'll be happy to guide you through your process of launching your marketplace!Jordi Llonch Esteve Seoul, South Korea(1)
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A great call with Jordi. I plan on coming back after we hit our next milestone.
Source: Clarity Dejan Murko Jul 20, 2022Legislation varies across different countries. When you hold other people's money you become a custodian, in the early days of a startup you can do it without a license, but at some point you would probably have to become compliant. That's why for early stage startups I recommend using payment gateway providers like:
- PayPal Commerce Platform for platforms and marketplaces: https://www.paypal.com/en/business/platforms-and-marketplaces
- Stripe for marketplaces: https://stripe.com/en-es/use-cases/marketplaces
- MANGOPAY (only in Europe): https://www.mangopay.com/pricing/
All these providers count with licenses and compliance teams to ease you the task of having to deal with it on your own.
I'll be happy to share with you some examples of what I've done with my startups and with the companies I consult.
Hi! Agree 100% with the rest of the answers in this thread. If you need some help to start with, I recommend you to have a look at the methodology Lean Marketplace, check it out for free here: https://theleanmarketplace.com/
Good luck!
Hi! I am a marketplace entrepreneur myself (Sharing Academy) and have helped dozens of sharing economy entrepreneurs as well (Lendi, Truke, Mentor Alliances...). What worked best for me was convincing the users to become team members.
Our best programming tutor in Sharing Academy became CTO, his best student in the platform became his intern. Another student became head of our customer care department, and so on...
Build a great product, engage wit your users and make them become part of your movement.
Read The Lean Marketplace (theleanmarketplace.com). It is written by my mentor and friend Cristóbal Gracia. It helped me start my own marketplace and I use it's methodology to help entrepreneurs, startups and corporations launch and scale their marketplaces successfully.
There are many ways you can make a low transaction volume marketplace profitable. For instance you can charge not a transaction fee of the low volume transaction, but an exclusive membership fee to join the community, or a lead generation fee, or partner with a strategic partner that sells desired products for your users, etc.
Happy to give you more examples if still interested.
I suggest you pick a freelancer's niche that has difficulties gathering together (either online or offline). Then you create a place where they all can talk and engage with each other to share best practices. Finally you offer them the opportunity to make business in that community.
Let me know if you have further questions.
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