Local Chef Connect: On-Demand Culinary Talent Marketplace
In brief: Local Chef Connect addresses the challenge of finding and booking reliable, high-quality culinary talent for events. This commission-based marketplace connects clients directly with vetted local chefs and caterers, streamlining the booking process. Profitability is driven by a percentage of each successful booking…
Industry
Food, Beverage & Hospitality
Capital Required
$1,000 – $5,000 (Low to Mid Capital)
Revenue Model
Commission / Marketplace
Execution Mode
Solo Founder / No-Code
Detailed Business Model & Operational Concept
Core Operational Mechanism & Strategic Execution
Local Chef Connect is a digital marketplace that connects individuals and businesses seeking culinary services with pre-vetted local chefs and caterers. The core problem it solves is the difficulty and time commitment involved in finding reliable, skilled culinary professionals for events. Core Mechanics: The platform will function as a two-sided marketplace. Clients (event hosts, individuals, businesses) will browse profiles of chefs and caterers, filtering by cuisine, availability, price range, and reviews. They can then submit booking requests. Chefs and caterers will maintain detailed profiles showcasing their expertise, menus, pricing, and availability. Value Hooks: For clients, the value is convenience, access to a curated list of vetted professionals, transparent pricing, and secure booking. For chefs and caterers, the value is access to a steady stream of qualified leads, reduced marketing overhead, and a streamlined booking and payment system. Step-by-Step Operational Delivery:
1
Client Onboarding: A client visits the website, defines their event needs (date, guest count, cuisine type, budget), and browses available chefs/caterers. They can view profiles, read reviews, and request quotes or book directly if pricing is transparent.
2
Chef/Caterer Onboarding: Culinary professionals apply to join the platform. They undergo a vetting process including background checks, reference checks, and portfolio review. Once approved, they create detailed profiles.
3
Booking & Payment: When a client confirms a booking, payment is processed securely through the platform. A deposit may be collected upfront, with the remainder due closer to the event date. 4. Service Delivery: The chef/caterer delivers the agreed-upon culinary services for the client's event.
5
Platform Commission: Upon successful completion of the service and confirmation from both parties, the platform deducts its commission fee from the total booking value before disbursing the remainder to the service provider. Who Pays: Clients pay for the culinary services, and the platform takes a commission from the total booking value. Chefs and caterers pay no upfront fees to be listed but incur a commission cost per booking. Competitive Moats: The moat is built on trust (vetting process), network effects (more clients attract more chefs, and vice-versa), and a superior user experience facilitated by a no-code platform. Specialization in local culinary talent and a focus on specific event types (e.g., private dinners, small corporate events) can further differentiate it.
Market Demand & Value Hook
Solves critical operational friction in Food, Beverage & Hospitality by providing streamlined access to verified frameworks without requiring heavy upfront capital.
Monetization Strategy
Leverages high-margin Commission / Marketplace cash flows from Day 1 to ensure positive operational margins from the first paying customer.
Suggested Brand Names & Brand Identity
Curated naming options tailored specifically for Food, Beverage & Hospitality
60 names
01PlatePal
02GourmetLink
03ChefConnectr
04EventPlate
05CraveConnect
06FeastFinder
07TasteBookr
08HostChef
09CulinaryLink
10BiteBook
11ChefHub
12ChefLabs
13ChefWorks
14ChefStudio
15ChefHQ
16ChefBase
17ChefFlow
18ChefLoop
19ChefPilot
20ChefForge
21ChefNest
22ChefGrid
23ChefCraft
24ChefWave
25ChefSpark
26ChefDeck
27ChefBridge
28ChefStack
29ChefPath
30ChefSphere
31ChefPeak
32ChefLine
33ChefPoint
34ChefYard
35NovaChef
36ApexChef
37AriaChef
38VelaChef
39OrbitChef
40LumenChef
41VertexChef
42ZenithChef
43CobaltChef
44EmberChef
45OnyxChef
46CirrusChef
47QuillChef
48AtlasChef
49KindredChef
50SableChef
51TerraChef
52HaloChef
53IrisChef
54CedarChef
55BrightChef
56SwiftChef
57ClearChef
58TrueChef
59BoldChef
60PrimeChef
SWOT Analysis
Strengths
Low initial capital requirement due to no-code platform and solo founder model.
Scalable commission-based revenue model with high-profit potential.
Strong value proposition for both clients (convenience, vetted talent) and chefs (leads, reduced marketing).
Agility and speed of development/iteration using no-code tools.
Weaknesses
Reliance on a solo founder's capacity for all initial operations and growth.
Building trust and a strong reputation in a new marketplace takes time and consistent quality.
Potential for inconsistent service quality if vetting processes are not rigorous.
Dependence on third-party no-code platforms for functionality and uptime.
Opportunities
Growing demand for unique, personalized culinary experiences and private dining.
Expansion into niche markets (e.g., vegan, gluten-free, specific cultural cuisines).
Partnerships with event planners, corporate clients, and hospitality businesses.
Leveraging AI for enhanced user experience, personalized recommendations, and operational efficiency.
Threats
Intense competition from established gig economy platforms and traditional caterers.
Potential for regulatory changes impacting food service or online marketplaces.
Negative reviews or incidents impacting platform reputation and trust.
Economic downturns affecting discretionary spending on events and private chefs.
Ideal Customer Persona
The 'Busy Event Organizer', a 38-year-old professional.
Typically aged 30-55, with a household income of $100,000+, residing in urban or suburban areas. They are often professionals, entrepreneurs, or individuals planning significant personal events who value quality and convenience over the lowest price.
Pain Points
Time constraints for researching and vetting reliable culinary professionals.
Difficulty in finding chefs with specific cuisines or dietary expertise.
Uncertainty about the quality and professionalism of unknown service providers.
Complexities in managing bookings, contracts, and payments for event services.
Buying Triggers
Urgent need for a last-minute event catering solution.
Desire for a unique or specialized culinary experience not easily found elsewhere.
Positive reviews and strong social proof from other users.
Clear, transparent pricing and a streamlined, secure booking process.
Minimum Investment & Initial Sourcing
Bubble.io Stripe Checkout Make.com Automations Apollo.io Google Workspace Canva
Starting a business can feel overwhelming. Below is an itemized breakdown of exact startup costs, including what each tool does and why it is necessary to launch safely with minimal capital.
Total Estimated Capital Required
The absolute minimum investment to launch Local Chef Connect is approximately $150-$300. This includes:
Domain Name Registration
Essential Tool
What it is: Your official web address (e.g. yourcompany.com). Essential for brand trust and professional email delivery.
Recommendation & Pricing:$15-$30/year (e.g., GoDaddy, Namecheap) for a professional domain like 'localchefconnect.com'.
No-Code Platform Subscription
Essential Tool
What it is: Necessary operational component for setting up this business tier.
Recommendation & Pricing:$30-$50/month for a platform like Bubble.io or Webflow to build the marketplace interface and user profiles. Initial setup can be done on free tiers for prototyping.
Payment Gateway Setup
Essential Tool
What it is: Allows you to process credit cards & subscriptions online. Free setup ($0 upfront); charges only ~2.9% when you get paid.
Recommendation & Pricing: Stripe Checkout is recommended. Setup is free, with standard processing rates of ~2.9% + $0.30 per transaction. This covers all payment processing.
Basic CRM/Email Tool
Essential Tool
What it is: Professional inbox (you@yourcompany.com). Used for sending cold pitches, client onboarding, and automated notifications.
Recommendation & Pricing: Free tiers of tools like HubSpot CRM or Mailchimp for lead management and initial outreach.
Canva Pro Subscription
Essential Tool
What it is: Necessary operational component for setting up this business tier.
Recommendation & Pricing:$13/month for creating professional branding assets and marketing materials.
Total Estimated Capital Required
Total initial outlay for the first month: ~$60-$100 (excluding potential transaction fees as revenue comes in).
Competitor Intelligence
Thumbtack
Why they succeed:Thumbtack offers a broad range of local services, including catering and event planning, providing a one-stop shop for many consumer needs. Their established brand recognition and large user base create significant network effects, making them a go-to for many seeking service providers.
Core weakness:The platform's breadth can lead to a lack of specialization in culinary services, potentially resulting in a less curated or expert pool of chefs compared to a dedicated platform. Vetting quality can be inconsistent across service categories.
Gig platforms (e.g., Upwork, Fiverr - for freelance chefs)
Why they succeed:These platforms excel at connecting clients with freelance professionals for a wide array of tasks, including specialized culinary roles. Their established infrastructure for payments and project management is robust.
Core weakness:They are not specifically tailored for the hospitality and event industry, lacking industry-specific features like menu management, event-specific insurance considerations, or specialized vetting for food safety. The focus is on project-based work, not necessarily ongoing service relationships.
Local Catering Companies
Why they succeed:Established catering companies offer comprehensive services, often with existing client relationships and a proven track record. They provide a sense of reliability and full-service execution for events.
Core weakness:Their operational model is less flexible for smaller, more intimate events or on-demand needs. Pricing can be higher due to overhead, and clients may have limited choice in terms of individual chef personalities or specific culinary styles outside the company's offerings.
Event Planning Platforms (e.g., The Knot, WeddingWire for caterers)
Why they succeed:These platforms are highly specialized for event planning, particularly weddings, and have deep integrations with vendors. They offer robust tools for managing event details and vendor communication.
Core weakness:Their primary focus is on large, formal events like weddings, making them less ideal for casual gatherings, corporate lunches, or private dinner parties. The chef selection might be limited to those who cater specifically to these larger event types.
Strategy to Win: Local Chef Connect will differentiate by focusing exclusively on culinary talent and offering a highly curated, vetted selection of chefs and caterers, emphasizing transparency in pricing and service. The no-code platform enables rapid iteration and a superior, intuitive user experience tailored specifically for event organizers and culinary professionals. We will build a strong community aspect, encouraging direct interaction and reviews that foster trust and loyalty, unlike generalized platforms. Targeted marketing towards niche events (e.g., private chef experiences, small corporate catering, artisanal pop-ups) will capture underserved segments. Strategic partnerships with local event venues, corporate HR departments, and food bloggers will drive high-quality lead generation and build brand authority within the culinary event ecosystem. Continuous feature development based on user feedback, such as advanced menu customization tools and integrated dietary requirement filtering, will keep the platform ahead of broader competitors.
Financial Roadmap & Unit Economics
Standard Commission
15% Commission per booking
Starter entry offering
Premium Placement (Chef)
20% Commission + $50/mo for featured listing
Core growth driver
Client Booking Fee
$25 flat fee for bookings over $500
High-value package
Target Monthly Revenue
$15,000 / month
Est. Margin: 85%
Marketing Budget Allocation
Total Monthly Budget: $3,500/month
Content Marketing & SEO30% — $1,050
Focus on creating valuable blog content, recipes, and event planning guides to attract organic traffic. Optimizing for relevant keywords like 'hire local chef', 'event catering marketplace', and specific cuisine types will build long-term authority and reduce reliance on paid ads.
Paid Social Media Advertising (Meta, LinkedIn)35% — $1,225
Targeted campaigns on platforms where event organizers and potential chefs spend time. Meta for broader consumer events and LinkedIn for corporate clients. Focus on visually appealing ads showcasing culinary talent and client testimonials.
Partnerships & Influencer Marketing20% — $700
Collaborate with local event planners, venue managers, food bloggers, and micro-influencers to reach a relevant audience. Offer referral bonuses or co-marketing opportunities to leverage their existing networks.
Email Marketing & CRM15% — $525
Build an email list through lead magnets (e.g., event planning checklists) and nurture leads with targeted campaigns. Segmented lists for clients and chefs will allow for personalized communication, promoting new chefs, special offers, and platform updates.
Step-by-Step Execution Roadmap
Follow this 4-phase checklist to launch safely. Check off each step as you complete it to track your progress!
Phase 1
Legal & Setup
Phase 2
Platform Build & Vetting
Phase 3
Launch & Customer Acquisition
Phase 4
Operations & Scale
Workforce & AI Automation Plan
Essential Human Roles: A core team will initially consist of a Founder/Operations Manager responsible for strategic direction, marketplace growth, and overall business health. A Customer Support Specialist is crucial for managing client inquiries, resolving disputes, and ensuring a positive user experience for both sides of the marketplace. A Vetting & Onboarding Coordinator will meticulously screen new chef and caterer applications, ensuring quality and compliance with platform standards. Finally, a Marketing & Community Manager will drive user acquisition, engagement, and build the brand's presence online.
Customer Support Agent (Tier 1) ChatGPT-4 / Claude 3 Opus (for chatbot and automated responses)Reduces salary costs by approximately $3,000-$5,000/month per FTE, allowing for 24/7 initial support and faster response times.
Content Moderator (Basic Profile Review) Bard / Gemini (for initial screening of profile text and image compliance)Saves an estimated $2,000-$3,000/month in labor, enabling faster onboarding of chefs by automating initial checks.
Data Entry Clerk (Booking Information) Zapier + Google Sheets AI / Airtable AutomationsEliminates manual data input, saving $1,500-$2,500/month and reducing errors, ensuring seamless booking data flow.
Social Media Content Scheduler Buffer / Hootsuite (with AI content generation features)Frees up an estimated $1,000-$2,000/month in dedicated social media management time, allowing focus on strategy rather than scheduling.
What to Do & What Not to Do
DO THIS FOR SUCCESS
Prioritize building a robust vetting process for chefs and caterers to ensure quality and safety.
Actively solicit and prominently display client reviews and testimonials to build trust.
Offer tiered commission structures or early-bird discounts to attract the first cohort of high-quality culinary professionals.
Develop clear, legally sound service agreements for both clients and providers.
Focus initial marketing efforts on hyper-local SEO and community groups relevant to event planning and food enthusiasts.
AVOID THIS
Do not accept any culinary professional without a thorough vetting process, including checking references and potentially requiring food handler permits.
Avoid offering a wide range of services initially; focus on a core offering like private chef dinners or small-scale catering.
Never allow direct payment outside the platform, as this bypasses your commission and removes your oversight.
Do not underestimate the importance of clear communication channels between clients, providers, and the platform.
Refrain from expanding to new geographic regions before establishing a strong presence and operational efficiency in your initial target area.
Risk Assessment & Mitigation
Reputational damage due to poor chef performance or food safety incidents.
Likelihood: MediumImpact: High
Mitigation: Implement a rigorous vetting process including background checks, reference verification, and portfolio reviews. Mandate that all chefs carry appropriate liability insurance and food handler certifications. Develop a clear dispute resolution process and a robust review system to flag and address issues promptly.
Low adoption rate from either clients or chefs, leading to a weak marketplace.
Likelihood: MediumImpact: High
Mitigation: Offer attractive introductory incentives for early adopters on both sides (e.g., reduced commission for chefs, discounts for first-time clients). Focus marketing efforts on hyper-local communities initially to build density. Actively solicit feedback to improve the platform experience.
Technical issues or downtime with the no-code platform impacting service availability.
Likelihood: LowImpact: Medium
Mitigation: Choose a reputable and stable no-code platform provider with strong uptime guarantees. Have contingency plans for critical communications (e.g., direct email lists) if the platform becomes temporarily unavailable. Monitor platform performance closely.
Legal and regulatory non-compliance in various jurisdictions.
Likelihood: MediumImpact: High
Mitigation: Conduct thorough research into food safety, data privacy, and business licensing requirements in target markets. Consult with legal professionals specializing in online marketplaces and hospitality. Clearly outline responsibilities in terms of service for both clients and chefs.
Inability to effectively manage payments and financial transactions securely.
Likelihood: LowImpact: High
Mitigation: Integrate with a reputable and secure payment gateway (e.g., Stripe, PayPal) that handles PCI compliance. Implement clear payment terms, deposit requirements, and a transparent commission structure. Ensure robust fraud detection measures are in place.
Regulatory & Compliance Overview
Founders must navigate a complex web of regulations that vary significantly by jurisdiction but share common themes. Key areas include food safety and hygiene standards, which necessitate thorough research into local health department requirements for food handling, preparation, and service, potentially requiring chefs to hold specific certifications. Data privacy is paramount; compliance with regulations like GDPR (Europe), CCPA (California), or similar national laws is essential for handling client and chef personal information, requiring clear privacy policies and secure data storage. Business licensing and permits are generally required for operating any marketplace, and specific permits might be needed for food-related businesses, even if operating through a platform. Consumer protection laws dictate fair business practices, transparent advertising, dispute resolution mechanisms, and clear terms of service to protect clients from misrepresentation or substandard service. Payment processing regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements, must be adhered to, especially when handling financial transactions and disbursing funds to chefs. Insurance considerations are also critical; while chefs should carry their own liability insurance, the platform may need to consider its own coverage or mandate specific insurance levels for its providers to mitigate platform risk.
Growth Stack Architecture
Outreach Automation & Content Creation Stack
Specific software engines, scrapers, and AI generators required to execute high-volume cold email outreach and automated social content for Local Chef Connect: On-Demand Culinary Talent Marketplace.
High-Converting Cold Email Engine
Identify target chefs and catering businesses in specific geographic areas via Apollo.io and LinkedIn. Utilize LinkedIn Sales Navigator for advanced filtering and direct messaging. Craft personalized outreach emails through Instantly, highlighting the benefits of increased bookings and reduced marketing effort. Focus on compliant B2B outreach, ensuring opt-out options are clear and adhering to GDPR/CAN-SPAM regulations. Track engagement metrics and refine sequences based on response rates.
Recommended Lead Scrapers:Apollo.io, LinkedIn Sales Navigator
Email Sending Platform:Instantly
Social Automation & AI Content Production
Develop a content calendar for platforms like Instagram, Facebook, and Pinterest, focusing on visually appealing food content, client testimonials, and chef spotlights. Use Buffer to schedule posts consistently. Leverage Pictory.ai to transform blog posts or testimonials into engaging short videos or Reels. Use Canva for creating high-quality graphics, infographics, and promotional materials. Engage actively with local food communities and event planner groups online, responding to inquiries and sharing valuable content to build brand authority and drive organic traffic to the marketplace.
Social Auto-Publishing:Buffer
AI Asset Generators:Pictory.ai, Canva
Required Software Suite & Operational Impact
Apollo.ioLead Intelligence
Finds verified emails, phone numbers, and company data for culinary professionals and potential B2B clients (e.g., event planners, corporate offices).
What Happens When You Use This:
Enables targeted outreach to thousands of potential service providers and clients, ensuring high deliverability and efficient lead qualification.
InstantlyEmail Marketing
Automates personalized cold email outreach sequences to onboard chefs and acquire clients, with built-in CRM and tracking.
What Happens When You Use This:
Allows a single founder to manage hundreds of personalized outreach campaigns daily, maximizing lead conversion potential without manual effort.
Pictory.aiVisual Content
Generates professional video content from text or existing assets, ideal for social media promotion, testimonials, and chef spotlights.
What Happens When You Use This:
Reduces video production costs significantly by creating engaging, shareable video content quickly, enhancing brand visibility and client engagement.
BufferPublishing Automation
Schedules social media posts across multiple platforms, ensuring a consistent online presence and engagement.
What Happens When You Use This:
Maintains a steady flow of content and brand visibility on social channels with minimal daily time investment, freeing up the founder for core business development.
Expert Masterclass: 10 Sector Opinions
Key strategic recommendations directly from 10 specialized sector AI advisors tailored specifically for Local Chef Connect: On-Demand Culinary Talent Marketplace.
Alex Chen
Chief Marketing Officer
"Focus initial marketing on hyper-local SEO and partnerships with complementary event service providers (e.g., venues, florists). Create visually stunning content showcasing the food and the chefs' personalities. Leverage Instagram and local food blogs to build brand awareness. Run targeted social media ads in your launch city, focusing on event-related interests and demographics. Develop a strong narrative around supporting local culinary talent and making events memorable."
Priya Sharma
Lead Financial Architect
"Implement a tiered commission structure that incentivizes higher booking values and offers premium placement for chefs willing to pay a small monthly fee. Clearly define payment terms, including deposits and final payment schedules, to ensure consistent cash flow. Monitor transaction fees closely and negotiate with payment processors as volume increases. Maintain lean operations by leveraging no-code tools and automating as much as possible to maximize profit margins. Regularly review unit economics for both client acquisition cost and provider onboarding cost."
Ben Carter
SaaS Growth Director
"Build a robust referral system for both clients and culinary professionals; incentivize sharing with discounts or commission rebates. Leverage early customer success stories for case studies and testimonials. Implement a CRM to track lead nurturing and customer lifecycle, focusing on repeat bookings for events. Explore partnerships with corporate event planners or HR departments for recurring business opportunities. Optimize the user journey on the platform for seamless booking and re-booking."
Maria Garcia
Compliance & Legal Lead
"Ensure all service providers undergo a thorough vetting process, including background checks and verification of necessary licenses or certifications (e.g., food handler permits). Draft clear, legally sound service agreements that define responsibilities, liabilities, cancellation policies, and payment terms for both clients and providers. Include robust terms of service and a privacy policy on the platform, compliant with relevant data protection regulations. Clearly outline dispute resolution mechanisms to handle potential issues professionally and efficiently."
David Lee
Operations Director
"Automate the booking confirmation, payment processing, and service completion notification workflows using tools like Make.com. Establish clear communication protocols for handling client inquiries and provider issues, potentially using a shared inbox or dedicated support channel. Develop standardized operating procedures for the vetting process to ensure consistency and efficiency. Monitor platform performance and user feedback to proactively identify and address operational bottlenecks. Plan for scalability by ensuring the no-code platform can handle increasing user volume and transaction complexity."
Sophia Wang
Product Strategy Head
"Prioritize features that enhance trust and convenience, such as detailed chef profiles with high-quality photos/videos, verified reviews, and transparent pricing breakdowns. Focus on a user-friendly interface for both booking requests and provider management. Consider adding features like curated menu suggestions or event planning guides. Gather user feedback continuously to inform the product roadmap, focusing on iterative improvements that directly address user pain points and enhance the marketplace's value proposition."
Ethan Davis
Customer Acquisition Specialist
"For the first 50 clients, focus on direct outreach: identify potential clients through LinkedIn, local business directories, and event planning forums. Offer an introductory discount or a premium service upgrade for early adopters in exchange for testimonials. Simultaneously, aggressively recruit high-quality chefs and caterers through targeted outreach on culinary professional networks and social media groups, emphasizing the lead generation benefits. Personalize every outreach message, highlighting how your platform solves their specific problems."
Chloe Kim
Unit Economics Strategist
"Closely track your customer acquisition cost (CAC) for both clients and providers, aiming to keep it well below the lifetime value (LTV) of a customer. Monitor average booking value and commission rates to ensure profitability. Optimize your commission structure to balance revenue generation with provider satisfaction. Keep overhead low by leveraging free or low-cost software tiers and automating operational tasks. Regularly analyze the profitability of different service types or chef tiers to refine your financial strategy."
Noah Patel
Technical Architect
"Leverage no-code platforms like Bubble.io for rapid development and iteration, allowing for quick deployment and feature updates without extensive coding resources. Integrate with reliable third-party services like Stripe for payments and potentially SendGrid for transactional emails. Ensure the platform architecture is scalable by understanding the limitations of the chosen no-code tool and planning for potential migration or upgrades if exponential growth occurs. Focus on a clean, intuitive user interface and robust backend logic for managing users, bookings, and payments."
Olivia Brown
Brand Identity Director
"Develop a brand identity that evokes trust, quality, and local connection. Use a sophisticated yet approachable color palette and typography. The brand voice should be professional, helpful, and inspiring. Emphasize the 'local' aspect in all messaging, highlighting the community of talented chefs and caterers. Create a compelling logo that is memorable and easily recognizable. Ensure all visual assets, from the website to social media posts, are consistent with this established brand identity."
Frequently asked questions
How much does it cost to start Local Chef Connect?
The initial investment is remarkably low, focusing on digital infrastructure. You'll need approximately $50-$100 for a professional domain name and basic website hosting. Legal registration might add another $100-$300 depending on your location. Essential no-code tools and CRM/outreach software can often be started on free or low-cost tiers, with costs scaling as you grow. The primary 'cost' is your time investment in outreach and platform development.
How fast can Local Chef Connect scale?
This model is designed for rapid scaling. Phase 1 (Setup) can take 1-2 weeks. Phase 2 (Tech & Workflow) can be completed in another 1-2 weeks. Phase 3 (Launch & Acquisition) can yield the first paying clients within 3-4 weeks of active outreach. Scaling from 10 to 100 clients can be achieved within 3-6 months by refining outreach, building a strong referral network, and potentially adding more specialized talent categories.
What is the expected profit margin for Local Chef Connect?
With a commission-based revenue model on a marketplace, the expected profit margin is very high, typically ranging from 80% to 90%. The platform's primary costs are operational (software subscriptions) and transactional (payment processing fees, around 2.9% + $0.30 per transaction). Since the service providers (chefs, caterers) are independent contractors, labor costs are passed through to the client, leaving the commission as pure profit after platform operational expenses.