A switchboard model differs from a traditional marketplace model in that it creates a new marketplace by connecting multiple sellers to multiple buyers. In contrast, a traditional marketplace model typically involves a single seller selling to multiple buyers.

Asked on the following book summary:

resource preview

Ten Types of Innovation: The Discipline of Building Breakthroughs

Stop wasting your time on brainstorming sessions that only improve upon existing offerings marginally. Based on exhaustive case studies and research o...

Start for free ⬇️

Download and customize hundreds of business templates for free

Go to dashboard to download stunning templates

Download

book summary Preview

View all chevron_right

Question was asked on:

Ad-Supported – Charge companies to place advertisements on your product. Flexible Pricing – Pricing changes based on market demand. Membership – Offer additional benefits in exchange for a membership fee. Metered Use – Users pay by the quantity of use instead of a flat fee. Switchboard – Create a new marketplace by connecting multiple sellers to multiple buyers.

Questions and answers

info icon

Some alternative models to ad-supported businesses include flexible pricing where pricing changes based on market demand, membership where additional benefits are offered in exchange for a membership fee, metered use where users pay by the quantity of use instead of a flat fee, and switchboard where a new marketplace is created by connecting multiple sellers to multiple buyers.

Some potential challenges of managing multiple sellers and buyers in a switchboard model include maintaining balance between supply and demand, ensuring quality control, managing complex logistics, dealing with competition, and handling potential conflicts between sellers and buyers.

View all questions
stars icon Ask another question