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Marketplaces: Should I pivot my business from an agency based model to a marketplace model ?
HV
HV
Humberto Valle Texas Real Estate Investor, Wholesaler, & Airbnb Superhost, Get Advice On Growing Your Real Estate Business answered:

Hi! Great question, It seems that your business model is fairly thought out and your growth has haulted due to lack of strategic marketing and business development efforts.
Put it in context, imagine if Nike was asking if they should consider making something else than shoes because Adidas has increased their sales this year, which means Nike lost that market opportunity. What would they do?
They become aggressive in their pricing, they apply super targeted marketing to a particular subset of their demographic, bundle up products. In your case you can also build (more?) partnerships with bloggers too.
You can restructure your pricing to include the new "marketplace" idea service under a premium fee for the added transparency, more agile development due to increased communication, convenience. Unless you have an unconscious reasoning for trying to consciously make this decision to pivot, I would recommend simply becoming more strategic with your effort to reach new consumers and providers. One tactic is to have a great community of writers to where the quality of their work is enough to sway clients your way, for this there is a variety of creative approaches. :)

Best of luck.

Humberto Valle
#UnthinkStrategy

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