Well, we have come a long way from brokers on calls to brokers on chats. Gone are the days when people called brokers to buy stocks and maintained handwritten books of accounts. With digitization, the way that people trade has skyrocketed.
Investing is like gardening— the more you nurture it, the better you yield. Regardless of the product or service, a basic rule in business is to make the platform so comfortable for your customers that they buy from you. In fact, not only once, you want the customer to buy from you time and again.
Does starting a stock marketing application like Robinhood interest you? If yes, this blog is definitely for you! Do you know Robinhood is the #1 app that allows free trading?
However, if the app does not charge a single dime, it further raises the two most important questions. First, ‘How does Robinhood make money?’ and the second is ‘How does Robinhood work?’ Surpassing 20 million users within nine years of inception is no joke. They do have an impressive strategy.
Running a business has only one motive – to earn!!! And by earn, we not only mean revenue but profits!
Team at Robinhood trading app believes that ‘Participation is Power’. Also, they believe that investment is for everyone – newcomers and experts alike! They aim to make their platform investment-friendly, highly approachable, and easily understandable for all users.
In this blog, we will make you well-versed with the Robinhood business model and strategy and also how to build an app Like Robinhood.