Micro-Marketplaces: No-Code, Niches, Better Experiences

This is the free version of Trends PRO #0034 โ€” Micro-Marketplaces

Get Full Access to Trends Pro

๐Ÿ” Problem

General marketplaces lack focus.

๐Ÿ’ก Solution

Micro-Marketplaces focus on a niche. And build an experience around it.

MarketplaceMicro-Marketplace
Monster.com (All Jobs)Remote Ok (Remote Jobs)
BizBuySell (All Businesses)MicroAcquire (SaaS Businesses)
Freelancer.com (All Freelancers)Unicorn Factory (NZ Freelancers)

MicroAcquire aims at SaaS businesses. Displaying recurring revenue, customer acquisition costs and number of customers.

BizBuySell is for all businesses. But food trucks donโ€™t have recurring revenue.

๐Ÿ“˜ Terms

Marketplace
A business that connects buyers and sellers.

Micro-Marketplace
A marketplace that focuses on a niche. And designs around it. Leading to a better experience for buyers and sellers.

๐Ÿ Players

Micro-Marketplaces

(๐Ÿ“ˆ Trends Pro) Database of 50+ Micro-Marketplaces

๐Ÿ”ฎ Predictions

โ˜๏ธ Opportunities

๐Ÿ”‘ Key Lessons

๐Ÿ˜  Haters

โ€œYour definition of a marketplace (a business that connects buyers and sellers) is wrong. What about managed marketplaces with inventory risk?
A business that connects demand and supply is also wrong. It includes wholesalers and retailers. ๐Ÿคทโ€โ™‚๏ธ Embrace imperfection.

โ€œMDacne and Otterโ€™s models arenโ€™t perfect.โ€
Nothing is.

โ€œEvery category canโ€™t have itโ€™s own micro-marketplace.โ€
Maybe not. Itโ€™s a battle between the benefits of having everyone in one place (general) and the benefits of specific form factors (micro).

โ€œYou didnโ€™t mention frequency, AOV, monogamy, take rates or critical mass.โ€
Look out for more on marketplaces.

โ€œMicro-Marketplaces? These are vertical marketplaces.โ€
Sure. But can we admit? Alliteration is fun.

๐Ÿ”— Links

  1. Whoโ€™s building a marketplace? โ€ข The tweet behind this report.
  2. All Things Marketplaces โ€ข Fabrice Grinda on SaaS tools, curating and locking in supply.
  3. Hierarchy of Marketplaces โ€ข Sarah Tavel on the levels of marketplaces and what makes them special.

๐Ÿ™ Thanks

Thanks to Andrew Gazdecki, Jeff Ericson, Vartika Manasvi, Nate Ritter, Dominic Monn, Stan Rymkiewicz, Gali Meiri, T.D. Bryant, Bobby Gilbert and Yoroomie for being great thought partners.

Access Trends Pro

To save 2,000+ hours of market research, access all Trends Pro Reports and join our Trends Pro Community.

Become a Trends Pro Member

What youโ€™ll get:

  • 56 Micro-Marketplaces (522% More)
  • 5 Predictions (150% More)
  • 12 Opportunities (140% More)
  • 5 Key Lessons (150% More)
  • 10 Summarized Links (233% More)
     

With Trends Pro youโ€™ll learn:

  • (๐Ÿ“ˆ Pro) Which metrics should you track? 
  • (๐Ÿ“ˆ Pro) Which company locks in supply and demand with one tool?
  • (๐Ÿ“ˆ Pro) How to use strategic friction to create balance? 
  • (๐Ÿ“ˆ Pro) How to sidestep network effects and leapfrog incumbents? 
  • (๐Ÿ“ˆ Pro) Why will there be more service marketplaces
  • (๐Ÿ“ˆ Pro) How to maintain quality and churn bad supply?
  • (๐Ÿ“ˆ Pro) Why will there be more managed marketplaces
  • (๐Ÿ“ˆ Pro) How to use risk reversal to grow your marketplace? 
  • and a lot moreโ€ฆ