Small Business Labs

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Facebook Releases Marketplace to Compete with Craigslist

Small Business Labs

  Today Facebook released their Craigslist competitor, called Marketplace. Like Craigslist, Facebook does not facilitate the payment or delivery of items listed or sold in Marketplace.   As we pointed out in our article on OfferUp, Craigslist hasn't changed much in the past decade. Facebook has about 1.7

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Google and Facebook's Domination of the Advertising Industry

Small Business Labs

As chart below (click to enlarge) shows, Google and Facebook have greater advertising revenues than any of the big, traditional media companies like CBS and Disney. What the chart doesn't show is Google and Facebook combined have greater advertising revenues than all of the traditional media companies combined.  and Canada. 

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The Rise of Ecommerce Nomads

Small Business Labs

Key article quote defining Amazon Nomads: " merchants who travel the backroads of America searching clearance aisles and dying chains for goods to sell on Amazon. As the article points out, this is not an easy business.  Key article quote from one of the nomads: “It’s kind of nice to just be carefree, you know?

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The Growing Role Small Businesses and Independent Workers Play in Corporate Ecosystems

Small Business Labs

The article chart below, which shows the 7 largest companies in the world by market capitalization, really jumped out at us.  McKinsey's Ecosystem 2.0: Climbing to the next level summarizes ecosystem 2.0 as: In the emerging world of Ecosystem 2.0,   They are also important end customers for these firms. . 

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The Rapidly Growing Creator Economy

Small Business Labs

It's a contrast to platforms like Facebook that are mostly powered by everyday users’ unpaid posts and interactions.   But even more recently, Atelier switched to calling it the creator economy in their Harvard Business Review article The Creator Economy Needs a Middle Class.

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Social Network Support Helps Turn Knitting Hobbyists into Hobbypreneurs

Small Business Labs

The research was based on digging through the data at the knitting community site Ravely.com,  which is known as the "Facebook for knitters" Key quote from a Washington Post article on the study : analyzed almost 100 interviews and 403,168 profiles of knitters and crocheters.

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The Metaverse is Coming

Small Business Labs

The metaverse has been getting a lot of media attention recently, mainly because Mark Zuckerberg announced that Facebook plans to shift from being a social media company to a metaverse company. " Facebook's first metaverse effort is a virtual conference room service called Horizon Workrooms. So what is the metaverse?