HarrisonSmoske
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- Joined
- Mar 4, 2024
- Messages
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After reading Millionaire Fastlane I had a fire lit under my butt. I decided I needed to start my own business. I have been following this forum for almost two months and I finally have come up with a good idea, that with the right execution could pay off.
I'm developing an online marketplace called Swappar, shameless plug, where people can sell and buy products. I know what you're thinking, this isn't original and there's plenty of big name competitors. I believe I'm developing a product the users will enjoy. My goal is to eliminate bots, scammers, service fees, and most importantly advertisements. Now, you may be thinking I'm crazy and could never accomplish all of these. My plan is to start off by charging an annual "subscription" fee of $4.99, which will stray away the bad actors since these people hate paying a fee to do their scams. If I do this right from the onset I will limit scammers and bots and even if they do get in, they will be easily identifiable. Also, this creates a "barrier to entry" which will make the marketplace feel more like a gated community.
This fee will also generate enough revenue in order for me to run no advertisements, and charge no service fee at all. I have no investors to answer to, I truly want to provide the best marketplace for people to sell on. So what do we think? Any advice, recommendations, thoughts? I can take it, and I need real opinions positive or negative, just provide feedback if you're going to be negative.
Thanks y'all!
I'm developing an online marketplace called Swappar, shameless plug, where people can sell and buy products. I know what you're thinking, this isn't original and there's plenty of big name competitors. I believe I'm developing a product the users will enjoy. My goal is to eliminate bots, scammers, service fees, and most importantly advertisements. Now, you may be thinking I'm crazy and could never accomplish all of these. My plan is to start off by charging an annual "subscription" fee of $4.99, which will stray away the bad actors since these people hate paying a fee to do their scams. If I do this right from the onset I will limit scammers and bots and even if they do get in, they will be easily identifiable. Also, this creates a "barrier to entry" which will make the marketplace feel more like a gated community.
This fee will also generate enough revenue in order for me to run no advertisements, and charge no service fee at all. I have no investors to answer to, I truly want to provide the best marketplace for people to sell on. So what do we think? Any advice, recommendations, thoughts? I can take it, and I need real opinions positive or negative, just provide feedback if you're going to be negative.
Thanks y'all!
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