Thumbtack business model

 

The Thumbtack business model is built on creating a marketplace connecting customers with local service professionals. It functions on a pay-per-lead basis, where professionals compensate Thumbtack for each lead or quote they generate through the platform. This setup encourages active involvement from professionals and gives them control over their pricing and availability. Moreover, Thumbtack offers subscription packages that give professionals benefits like reduced lead costs and improved profile visibility. By charging professionals for leads instead of taking a commission on completed tasks, Thumbtack ensures a steady revenue flow. This structure enables customers to access a diverse range of vetted service providers while facilitating transactions between both parties through its platform services.

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