How to create a marketplace like Airbnb

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(No Transcript)
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Steps 1. Research and identify a critical
problem that you need to solve. 2. Prepare a
plan to build your MVP (Minimum Viable
Product). 3. Launch your MVP. 4. Find a way
to reach your customers/users. 5. Measure and
do experiments based on user feedback. 6. Grow
your marketplace like Airbnb.
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Step 1 Research and identify a critical problem
that you need to solve.

• Firstly,
• you have to research a lot about the targeted
  audience.
• You need a thorough plan from the start to end.
• then secondly,
• understanding the competitors weakness.
• Implementing them in your marketplace.

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Step 2 Prepare a plan to build your MVP.

• Choose your technology Stack for MVP.
• Front-end Interface.
• Backend Interface.
• Database.

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Step 3 Launch your MVP

• Be specific with the core features in your MVP.
• Test out their functionalities rather than
  additional features.
• On the first impression, the customers should be
  clear with your ultimate objective.
• Later, you can implement the changes you need in
  MVP.

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Step 4 Find a way to reach your customers/users

• There are a number of media outlets available
  online to reach your targeted audience.

• By using,
• Facebook,
• Twitter,
• Linkedin
• Instagram
• And also it depends upon the type of audience you
  are preferred with.

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Step 5 Measure and do experiments based on user
feedback

• Measure the users behaviour in your platform.
• Do A/B testing, you find that the user interface
  is complicated to users, immediately get a clean
  UI design and update your platform.
• Being engaged with the customers is the number
  one priority for every business.
• Getting continuous feedback from the potential
  users helps you to upgrade the marketplace like
  how Airbnb had done it in the past.

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Step 6 Grow your marketplace like Airbnb

• If you want to grow your marketplace platform you
  should satisfy the users as well as the
  providers.
• Because the providers will definitely seek a
  value benefit for using your website and they
  want their business to scale up.
• you should explain and extend the benefits in a
  user-centric way.
• This will help them to identify the problems that
  their audience is facing.

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Thank You!
RentALL is there for you to set up a customised
marketplace with different features needed as per
the entrepreneurs wish.
For more info visit www.rentallscript.com