Questions

I am currently developing a services marketplace (for students/tutors). Which payment model would you suggest out of subscription, escrow or a direct services fee for the transaction?

There are several models to opt for. But I would suggest that learn to mix things up, which will make you market disruptor. You can mix Fiverr with CouchSurfing to create a new model.
Fiverr is a freelance marketplace that connects freelancers that offer digital services with customers. It charges the customers $1 for orders up to $20. A typical representative of the subscription model is CouchSurfing, where local people can accept travellers from all over the world. Upon registration, new users get 10 free requests per week – messages that can be sent to a host. To get an unlimited number of requests, the users must pay $60 per year to verify their accounts.
You can read more here: https://sloboda-studio.com/blog/online-marketplace-revenue-models/
While there are many reasons why large, complex companies have a hard adapting to today’s much faster cycles of change, the root cause stems from core management practices that were designed for a much slower moving age. This model supposes that executives are astute fortune tellers, able to project market conditions and customer expectations 18 months away. This tradeoff no longer makes sense, as customer expectations, competitive threats, and tighter supply chains mandate actions driven by fast, constant feedback at the expense of certainty. Cycles of change are accelerating, and companies that want to grow profitably must be able to adjust, pivot, and reorganize as quickly as market conditions warrant. At Apple, staff members can override a manager’s decision if that decision makes the product worse. Every decision is centered around making the best possible product. Apple takes great pride in choosing effectiveness over efficiency and driving every decision through a value stream defined by product excellence, measured by customer delight and the resulting market share. At most large companies, creating customer value takes a backseat to pleasing the boss.
You can read more here: https://www.thoughtworks.com/insights/blog/disruptor-advantage-culture-empowerment
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath


Answered 3 years ago

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