Sat.Jan 13, 2018

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The 5 Pillars of a Platform Business

Small Business CEO

Compared to traditional market, a platform business model capitalizes on the interaction between producers and consumers. There is no need for a business to physically produce a product that will be distributed. Rather, it makes use of the internet to facilitate exchanges, and consequently, create value. If you’re interested in jumping into the bandwagon, you need to understand the basics that make a platform business successful.