on sales, it's still a bit early for us to know the final number of closed deals. The average business takes 6-12 months to sell, and we've only been seeing a real flow of leads for the last 4 months (we've been live for 6). what we can say is we've generated 182 qualified leads for sellers and their brokers.
You've actually hit on one of the core problems we're trying to solve. Right now, deals go offline into private systems and the data gets lost. Our long-term goal is to build the rails for the entire transaction.
As for how we make money, our model is basically zillow's. It's completely free for an owner to list their business and for buyers to search. We make money by connecting sellers with our network of professional brokers. Brokers can then choose to pay for more visibility in their local zip codes.
It lets us keep the marketplace itself open and free for everyone.
Hey, jon, thanks for the questions
on sales, it's still a bit early for us to know the final number of closed deals. The average business takes 6-12 months to sell, and we've only been seeing a real flow of leads for the last 4 months (we've been live for 6). what we can say is we've generated 182 qualified leads for sellers and their brokers.
You've actually hit on one of the core problems we're trying to solve. Right now, deals go offline into private systems and the data gets lost. Our long-term goal is to build the rails for the entire transaction.
As for how we make money, our model is basically zillow's. It's completely free for an owner to list their business and for buyers to search. We make money by connecting sellers with our network of professional brokers. Brokers can then choose to pay for more visibility in their local zip codes.
It lets us keep the marketplace itself open and free for everyone.