Welcome to the Shoppersmaster blog! Here you find the latest trends and updates from the e-commerce world. The Shoppersmaster blog’s purpose is to bring you the best e-commerce related content that will help you with your business by giving practical tips, guide you if you want to sell online and with shoppersmaster, and present you with the latest updates from the e-commerce world
But today, the process of buying and selling has totally evolved. People select the products and even services they want to buy and pay for them online. Not only e-commerce stores but also there are a plethora of payment methods available that allow one to make a purchase online, whether on credit or cash.
So if you are really thinking of selling on e-commerce stores, then you must try online marketplaces.
An online marketplace is an e-commerce website that sells products and services of other sellers. The primary benefit of online marketplaces is that you already have an established program/website, and you just need to wait for the uploading or listing of your products on their website. An online marketplace saves your labor of spending your valuable time creating and managing your website.
But in order to sell more and have lower chances of potential financial loss, you must research the best online marketplaces that suit your business needs. Every online marketplace has its own pros and cons as well as strategies to buy and sell properly online.
In short, no matter what service or product you are selling, there is always an e-commerce solution to it.
Let’s dive into the top 5 online marketplaces from where you can start your business:
Amazon: Amazon is the best choice for those who plan to sell items in larger quantities. The professional account of Amazon charges a $39.99 monthly fee. There is also a fee for each item that is sold on Amazon.
If you do not plan to sell more than 40 products each month, you should go for the individual seller’s account that charges a $0.99 fee, including a percentage on each product sold on Amazon. The fee depends on the category of the product.
eBay: eBay is a well-known California-based e-commerce platform that is a business-to-consumer and consumer-to-consumer facilitator. It is recognized as one of the major pioneers of online marketplaces. The e-commerce platform has earned fame in the industry for its auction facilities. eBay charges about 12%-15% on every sale or transaction made on the website.
Etsy: Etsy is an American online e-commerce platform specifically for buying and selling vintage, handmade, and craft items such as jewelry, home decor, furniture, etc. Unlike other e-commerce sites, on Etsy, the sellers themselves collect, curate, and sell the products to the customers. The platform acts as a bridge between buyers and sellers and gives independent sellers a chance to increase their sales. Etsy takes 5% of the sales item.
Shopify: Shopify is a multinational e-commerce platform that allows sellers to sell their products both online (via website) and offline (via Shopify POS). It gives its customers a 14 days trial and the pricing starts from $9 for Shopify Lite. However, if the seller registers for a basic account, it charges $29 monthly.
Facebook Marketplace: Started as one of the social media giants, Facebook now offers its own marketplace for buying and selling products. People can look for their desired products in filters such as location, category, and price.
Conclusion: Online marketplaces help sellers gain new customers and increase brand awareness. This platform allows one a wider range of clients worldwide that would instantly increase your ROI. This article suggests 5 of the most well-known online marketplace in the world that make online shopping more convenient.Read More