My suppliers pay nothing and actually make money from being on my platform. I still can't get anyone to sign. I don't get it.
22, bootstrapped. Building a ticketing platform in South America for the past year. Does primary sales, legal resale where the QR regenerates on transfer so old ones die instantly, and a dashboard for producers to manage their promoters and see sales live.
My fee model is different from every competitor I know. I charge 14% to the buyer on top of the ticket price. Producer pays nothing and keeps 100% of what they set. On top of that I share part of my cut back to them, so at any real volume they're making money they weren't making before.
There's no cheaper pitch. It's you lose nothing and earn something new.
I'm also the only platform in my country with a legal resale system. Right now resale is WhatsApp groups, fake screenshots, people getting scammed constantly.
Market here is tiny. Maybe 4 or 5 producers that actually matter. Talked to most of them. Nobody says it's a bad deal. I just get yeah for sure let's talk soon and then radio silence. Lost one last month to a competitor who gave them a cash advance upfront. Couldn't do that. The rest just don't move.
Neighboring country is 45 million people, same language, same culture, my payment infrastructure already supports it. But I haven't closed anyone at home yet.
Also building an AI feature that predicts when to drop ticket batches based on historical demand curves from similar events. Probably shouldn't be doing this without clients but I believe in it.
Has anyone closed the first supplier in a two sided marketplace where the economics genuinely work in their favor and they still won't move? What actually broke the deadlock? And when does a structurally tiny home market stop being something to dominate first and become a reason to just go bigger sooner?