An Ecommerce Marketplace is an online store where goods and services can be sold or purchased by third parties but all transactions or payments are handled by the Ecommerce Marketplace creator. There are different types of Ecommerce Marketplace websites on the internet today. We will be discussing some of them in this article but let us first look into Ecommerce Marketplace as a whole. In this type of business, after transactions have been processed by the online marketplace, the products or services will be delivered and fulfilled by the participating retailers or wholesalers. This is often referred to as drop shipping.
You might actually ask yourself, why buy from an online store when you can get the item from a local store. well, buying from online stores is usually when you can’t get the item in a local tore while for some people they just refer it to the stress of walking to the online store and then looking for the product before purchasing the product. It might interest you to know that people actually prefer to buy things from an Ecommerce Marketplace because the item is actually easier to find and at times cheaper than purchasing from a local store.
Some Ecommerce Marketplace Sites
It was stated earlier in this article that we are going to be looking at some eCommerce Marketplace. Well, that is what this section of this article is all about. Below are some Ecommerce Marketplace websites. You might be familiar with some of them.
Amazon can be said to have evolved to be one of the largest eCommerce marketplace websites in the United States. This eCommerce marketplace website has over four million marketplace sellers in addition to over one hundred and ninety-seven United States shoppers who browse the site every month. It is a known fact that Amazon is best suited for medium to large sellers who wants to expose their products and services to millions of customers.
Walmart is known to be one of the largest retailers in the world. Just like Amazon, Walmart is also an idea marketplace for medium to large sellers who want to increase their exposure. You should know that in order to become a seller on this platform, there is an application process. The good news is that the moment you are approved, you would have access to over a hundred million online shoppers who shop online every month.
eBay has gradually evolved from a site that only sold goods. It is now one of the largest eCommerce marketplaces in the world today. This is one of the ideal eCommerce sites that people who wish to sell used or new products. You can also open your products to auctioning at higher prices. The moment you sign up for an account with the platform, you can create your first listing.
Etsy is one of the best platforms for users who are looking for unique products. This makes this online marketplace ideal for medium to small sellers specializing in hand made or vintage products. It might be of interest to you to learn that the sellers on the platform sell products independent of the Etsy brand.
Rakuten has found its way to be amongst the largest eCommerce website in the world. This is a global marketplace headquartered in Japan with the potential to expose sellers to a considerably large audience. With this eCommerce website, you can become a seller by applying. Once your application is approved, you will get a storefront. You can customize this storefront so that shoppers can easily identify your brand.