You must have heard about local marketplace apps like OfferUp and LetGo. These apps are shooting up like mushrooms. At first, Amazon pampered us with the ease of online shopping, then eBay introduced its classified section and there’s no way back.
Being one of the leaders in local buy and sell market, OfferUp is one of the most esteemed privately owned businesses based in the Pacific Northwest, crossing the $1B valuation after raising an amount of $130M in late 2016. According to Crunchbase, It has raised a total of $261M in funding over 7 rounds.
Not just OfferUp, its other competitors are also raising the bar higher. LetGo and eBay – both are giving it a tough competition in the market while walking neck to neck with each other. The accomplishments of all these leading marketplaces are unquestionable. And, this is the reason numerous entrepreneurs are keen on repeating their success.
But, is it that easy? Yes, you just need to know the right strategy to tap into the market and a robust solution to support you in your journey of becoming the industry leader.
Here is all you need to know before you start building your own apps like OfferUp and LetGo:
