What counts: Ranked by financial impact and likelihood of execution over the next few years
Take-rate expansion
Raising seller commissions, listing fees, and buyer premiums by 150-200bps is the single biggest lever toward profitability.
added by Martin Higginson
Promoted listings and boosted auctions offer high-margin revenue that scales with time-on-platform.
added by Martin Higginsonadvertising revenue
Variable-cost compression
Better fraud filters, dispute mediation, and authentication partnerships could save 100-200bps of GMV over three years.
added by Martin Higginson
Adjacent category expansion
Moving into sneakers, vinyl, and vintage apparel widens the TAM but adds margin pressure from generalist competitors.
added by Martin Higginson
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