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nickgraham1234

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Hey Fastlaners!

I've had a lot of time to think of business ideas lately, and recently had an idea of a potential business model.
This would be on online marketplace, or hub, for sellers to post their products. Very similar model of Etsy, or Aliexpress. Although, it would be confined to a medium sized niche. The industry I have noticed is growing, and there are many 'startups' or sellers on Instagram and other places. There is a slight barrier of entry for these sellers, as they would need a website, and more importantly advertising. This marketplace would make it easier for sellers to upload products, lowering the entry barrier. More importantly, similar to selling on Amazon, there would be no need to advertise their product on the platform. The customers would benefit as they would have a one stop shop for unique items in this niche, being able to browse between multiple sellers and products. The business model would get revenue from: advertisements-(as businesses could capitalize on ready to buy shoppers in their niche), a transaction fee-(which could bring a much higher ROI then ad-spend), or/and a monthly membership fee for sellers accounts.

For a business model like this, a market hub basically:
  1. What are some potential problems with something like this?
  2. What kind of entry cost would be needed for such a website?
Any thoughts and feedback are greatly appreciated. This only came to mind yesterday so it is extremely half baked. :smile:
 
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O vjopl ov’t jimqgam vu PUV neli ov e huem vu caomf e neslivqmedi.

Optvief, neli ov zuas huem vu *jimq* qiuqmi? JUX zua fu ov tjuamfp’v ci zuas huem.

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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
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  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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