An Online Marketplace is an established website that offers potential sellers an excellent opportunity to sell products online. It is basically a platform where some people come to purchase items, while others come to sell their products. There is a method for listing products, selling them, and collecting payment on time. Although there are number of internet marketplaces where people can sign-up and start selling, but rarely few of them are worth the time, energy, and money that we put. Each online marketplace has its own niche of customers, prices and products depending on kind of products that you’re selling and to whom. Usually, these marketplaces charge some fees /commissions from sellers for selling items.
The most important benefit of using online marketplaces for selling products is its proven audience arena making it extremely easy to showcase potential products.
Here are the Top Online Marketplaces:
EBay.com– It is one of the first original marketplaces where people can list and sell products using their own website. Their easy-to-use platform allows users to list products in either auction style format or fixed-price, as well as manage all listings on their dashboard which is simple to use. Ebay Charges a pretty substantial commission fee for any items sold on their marketplace, however there is no monthly fees as such. With eBay.com, sellers can choose their own prices, time taken for shipping, and if they want to accept refunds or not. Also, eBay offers its sellers exclusive tools to make selling on their marketplace a simple task. It enables you to import your entire collection of inventory just with the click of a button as well as entertain offers from potential buyers. If you’re new to selling business online, eBay.com is definitely an excellent place to start.
Amazon– Amazon marketplace is a U.S based online marketplace, which is popular worldwide, enabling sellers to sell new products and used items along with regular offerings. So, whenever one thinks of an online place to sell on, Amazon is one of the top names that pops up! Amazon has almost 2500 sellers and about 7 million unique visitors every month. The total number of the products offered is around more than 450,000 products. In case you’re selling less than 40 products a month, the fees start at $0.99 per item plus commission. If there are more than 40 items a month to be sold, the monthly fee starts at $39.99 along with commission fees.
Alibaba–Alibaba is a Chinese E-commerce company and world’s largest online business-to-business (B2B) trading platform for buyers & suppliers. Alibaba.com has almost 45 million members in 190+countries and over 2 million supplier storefronts offering simple trading solutions. The website operates on two platforms:
Taobao– Consumer to consumer (C2C) Online shopping platform, which doesn’t charge transaction fees, makes money mainly through advertisements acquired by merchants who basically use the site. That can generate good revenue as there are about 7 million merchants (mostly small businesses) using Taobao.
Tmall– Business to customer (B2C) online shopping platform, Merchants opening any flagship stores are required to give security deposit and site charges a commission on each transaction to generate revenue.
In addition, the Alibabaoffers a whole new marketplace AliExpress.com- which is giving opportunity to large number of buyers across the globe to buy even small quantities of goods as less as 1 item at factory prices. Alibaba has 3rd party online payment platform,named Alipay based on Escrow service that holds the payment provided by buyer and releases it to the supplier after the confirmation of delivery of products.
Flipkart – It is India’s one of the fastest growing E-commerce company that sells almost 30 products per minutes. This website provides open platform for anyone who is looking forward to become a merchant. Every product on the site is placed in an orderly manner depending upon the category. Merchants and sellers from Flipkart definitely have better brand visibility, quick and easy access of products by the customers and increase in the sale by reaching out to customers. Growth stage of Flipkart as an online marketplace is still in progress and sales revenue is increasing continuously.
Shopclues– Shopclues Is anonline platform where sellers need to get registered and verified before selling any product.It is continuously working on launching functionalities and new features on regular basis in order to enhance the overall shopping experience of the customers.The website works on zero – inventory business model where sellers and merchants can displaytheir product catalogue reaching out to large customer base. This website handles about 18 lakh transactions in a year and around 42 million visitors a year. Shopclues claims to increase the business of merchants by providing them a number of business management tools and market enabling stats.
Homeshop18– HomeShop18 is owned by Network18 and is India’s largest shopping destination. It’s a huge marketplace with more than 1000 national and international brands offering a wide range of products under different categories& responsive customer service. Homeshop18 (online marketplace)is one of the best places to attain more brand visibility and customer engagement.