This is the first guest post in a series of posts by Mike Williams on building, launching, and scaling online marketplaces. This is also covered in more detail in Chapter 1 of The Guide To No Code Marketplaces.
Building a successful online marketplace starts with proper planning at the earliest stages. When you initially come up with your marketplace idea (and before you start building), it's beneficial to think through it and ask yourself a few key questions:
(i.e: x amount of supply in 30 days, x amount of bookings in 60 days, etc)
(i.e: providing listings as a simple directory, connecting them with demand, owning the transaction and payment layer, etc)
(i.e: listing fees, booking commission fees, etc)
After thinking through the above questions and thoroughly answering them, you'll be more prepared for taking the next steps in building and launching your online marketplace.
Note that you can access a Google Doc version of this as a worksheet to use and directly answer them for your marketplace here.