Right. The biggest problem is that they make it extremely hard to compete with them.
Being a marketplace, it's hard for another player to capture enough of both sides of the market to gain momentum. Buyers will just go to the big players, which can then take a hefty 20+% commission. It's a hard-to-break circle. Any ideas?
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Right. The biggest problem is that they make it extremely hard to compete with them.
Being a marketplace, it's hard for another player to capture enough of both sides of the market to gain momentum. Buyers will just go to the big players, which can then take a hefty 20+% commission. It's a hard-to-break circle. Any ideas?
Other examples: Booking.com, AirBnB