I am a new member here searching for some input on my new marketplace. Currently we just launched and have around 50 members from our notification list that we setup during pre-launch.
The problem we see with a marketplace is that we have to attract buyers and sellers, and so we are looking for help on how to go about attracting buyers and sellers into our marketplace.
We have around a $2,500 advertising budget for this first phase, but I would also love to know any free methods beyond, free press release, twitter, and all the other social banboozels...
What do you guys/girls think?
For sellers we are giving $500 credit to the site as a promotional tool to start, and plan on doing a PPC campaign, but would this be a waste of our budget?
For Free methods we plan on some old-school article marketing and SEO?
However, are not sure what else to include