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Open Online Marketplace

In very high demand and maintenance cost is very low in running a simple marketplace .Here you give permission to both users with sell profile and buy profile . You offer your users to negotiate themselves and traffic results in revenue .You provide your users with a number of services like chat , negotiations , post ad , create buyer or seller profile and select subscription option or plan / membership which shall be cheaper so that more number of audience may be able to purchase the plan/membership . There is a number of big marketplace which are earning very good income and their maintenance cost is very high but even then they are earning revenues . The features of compare product service may add additional profit to your marketplace as searcher freely try to compare the service before buy and then it increases the chances that they may buy subscriptions and plans . Always be honest with your clients and promise only those service which are in your reach and you can provide them very easily . The first step towards a successful online marketplace is building trust among your users and competitors . Lucrative ads shall not be used for such platform promotion. Some such marketplaces are -- Trivago - search hotels and compare their prices online , is my favorite marketplace . It is getting huge revenues by giving very few online services.  Check their services in given screenshots -






You can see in 1st screenshot they offer compare prices option with a search where a search entry space is given .
In second screenshot they are asking you to enter city name by displaying hotels in major cities and their lowest compared price
In last screenshot they compare price hotel to hotel and provider to provide for same hotel .

 Whenever a user chooses an option of getting lowest price hotel then Trivago gets commissions from host hotels other than ads income .


You can open your online marketplace and can earn money through  following steps -

First of all develop and design an marketplace website by yourself or hire any good programmer .
Provide proper space to the users and use dedicated hosting or personal server .
Set plans offers and start advertisement .
Register your business and make presence at google .
Set up your goals for business .
Work on it and track improvements 

Now you are ready to earn through it by following methods -




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