Multi-Sided Platforms

Create a new ecosystem through interactions and transactions from different groups on your platform.

Multi-Sided Platforms are at the heart of digital ecosystems

A Multi-Sided Platform can be a technology, product or service that allows interaction between two or more groups. It serves multiple parties and ensures a simple transaction between all participants. Think for example of Uber, AirBnB, YouTube, Fetch or Spotify. Multi-Sided Platforms create a whole new ecosystem.

The advantages of
a Multi-Sided Platform

Giving other platforms, users or third parties access to your own platform creates new applications and revenue models. This creates value for all participantsand a networking effect that increases the value of your platform as it grows. With sufficient volume, there is an economic advantage by reducing search and transaction costs.

4 tips for setting up a Multi-Sided Platform

Primarily, your platform supports transactions and interaction between your business and customers or users, but perhaps your product or service includes a Multi-Sided platform. You can have ideas for a platform, but not have the knowledge to invent the technological aspects and/or realise the construction. Sping is the ideal technological partner for this type of companies and projects.

Think about the strategy

A good platform strategy helps you to avoid traps and make a success of your platform. Think about your strategy: how do you get people to your platform? How do you build trust? Who will have access? How open will your platform become? In this blog we provide answers to these questions.

Build up critical mass

Focusing first on growth and refining the business model later can be dangerous. It can give positive results in the short term, but in the long term you are without a solid foundation. If you scale too early, you waste money and get distracted. If you do it too late, you miss a flying start.

Ensuring structural growth

Our experience shows that the best way for structural growth is to give existing customers a good reason to continue using the platform. These are also good ways to keep users: support your partners, offer guarantees and discover why people leave.

Download our free whitepaper

This whitepaper can help you answer the question ‘What can a Multi-sided platform do for my organisation? We wrote it especially for you.

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A full cycle of planning, design, development, testing and rollout takes place every 2 weeks.

Multi-Sided Platforms

Create a new ecosystem through interactions and transactions from different groups on your platform.

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