Matchmaking companies join buyers and sellers in a physical or virtual marketplace and create value by facilitating transactions. Multi-sided companies join different customer groups (Customer A and Customer B) on the same physical or virtual platform and provide different products or services to each customer group.
What is multi-sided business model?
The multi-sided business model is when you identify two or more different customer groups; and after interacting with each you design and deliver your goods or services in a manner that connects the two parties.
What is a multi sided network?
The multisided platform business model is, basically, a service or product that connects two or more participant groups, playing a kind of intermediation role. Its value proposition is to enable this connection, making it easier for them to find and relate to each other. Most of these companies connect two groups.
Multisided platform (MSP) businesses are hot, no question. An MSP is a service, technology or product that lets two or more customer or participant groups have direct interactions. Examples of successful MSPs include PayPal, eBay, Alibaba and Facebook.
Is Amazon a two-sided market?
Two-sided markets exist in various industries, serving the interest of manufacturers, retailer, service providers, and consumers. Some, such as Amazon.com, employs both a two-sided market and a one-sided market.