How Does Letgo Makes Money ?

By Author: Uma
Total Articles: 3
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People uses Letgo as the classified platform or an ecommerce platform. The main objective of the Letgo is to peer in the market as the largest second hand marketplace in the world. Because for years eBay was the only one that exist in the market. Later Letgo improvised and grabbed the market share from the Ebay and Cragilist and act as an epitome that even a new player can win the trophy by competing highly experienced ones.

Moreover, after the evolution of mobile phones and internet the reach of this online classifieds have been boosting tremendously. To be transparent, in 2017 there was about 20 million users and the app made transactions over $ 20 billion worth in half of the year.

This tremendous growth tweaks a question that how does the Letgo makes money, what is their revenue ? Does the Letgo business model helps any one to generate revenue and many others.

How Letgo Makes Money ?

Initially Letgo has an option called Bump. Through this option the user can promote the ad and increase the ad visiting count and increase their sales probability. For this the user has to pay for Letgo. But after an ample of time they removed the Bump option.

So right now posting, viewing, buying and everything is completely free in the Letgo. They wont even force to make transactions through their app. So they are not generating any revenue. It may differ in future.

Though it's free to use, it has almost every classic features and functionality like, in app chat, AI for the image recognition, title and description, location based search, reviews, favourite, share, and many options.

Does This Helps Business Minds ?

As there are very few competitors like eBay, Cragilist, Facebook Marketplace, OLX, Letgo and few others in the marketplace. So if you are interested then can involve in this online peer to peer classified network and start your entrepreneurship.

Of Course technical support like website or app plays a significant role. For that you can rely on the Letgo Clone or OLX Clone Script and give a kickoff.

If you are interested then check Online Classified Business With various Online Earning Options
And the Best Online classified script to rely on 2020.