The Trio Marketplace Corporation (TMP) has launched its starter product as an online classifieds website currently operating in Canada.
“TMP will bring a fresh look to the online classified advertisement industry worldwide,” said Trio Marketplace Corporation CEO Phillip Mugabi.
But that is just the beginning. He said they have already outlined a path to opening in other countries and will expand into new territories as the company grows.
The idea of TMP was first formed in 2018, and in April 2021 Trio Marketplace Corporation was officially formalized.
But behind the scenes, countless hours of research and development would ensure the idea is launched in a way that would be quickly viable for users and operationally sound.
“After three years of research, we believe that 70 percent of classified advertisement businesses failed because they were not knowledgeable on how online operations can successfully operate in a digital world,” Mugabi said.
Mr. Mugabi has become a force to reckon with when it comes to online business strategies and solutions in this generation
“We are looking at pushing a development strategy over the next eight months that will significantly drive development alongside the user base,” Mugabi said. “We are looking from a high level at how these models have failed in so many other businesses, what they did wrong and how to do it better.”
He said competition in the space is manageable, and the development of TMP avoids the pratfalls that those competitors regularly fall victim to.
Further, he estimates TMP will see millions of users within 24 to 36 months, with 30-day traffic above 60,000.
“As we develop the site and expand our offerings and services, we are confident that the number of users will develop quickly creating an ecosystem that is a benefit for the users and profitable for the company,” Mugabi said. “Operating in this online classified space offers almost unlimited potential. I am excited to see how far we can go with TMP.”
For more information about the Trio Marketplace, visit their website, triomarketplace.ca