What is Online marketplaces?
- Online marketplaces are some types of e-commerce websites which provide transaction facility using some some third parties.
- All the transaction are proceed by Marketplaces Operators.
- E-commerce transactions can also be done on online marketplaces — sites that provide facility of transactions between merchants and customers.
- Many online marketplaces don’t own inventory; rather, they just connect buyers and sellers and give them a platform on which they do business.
Some of the top online marketplaces on the web are
- Amazon – A company that needs no introduction, today Amazon is one of the world’s largest online marketplaces, which is offering extensive selections of books, electronics, apparel, accessories, baby products, and much more things to be used at home.
- eBay – eBay is another popular online marketplace that connects merchants and buyers, and provide facility of connecting B2B, B2C, and C2C e-commerce.
- eBay offers products in several categories, including electronics, cars, fashion, collectibles, and more.
- eBay merchants can also hold auctions that let buyers bid on every types of products.
- This allows the possibility of selling items above market value.
- Etsy – Etsy is an online marketplace that specializes in handmade, vintage, and one-of-a-kind goods.
- Millions of independent sellers use Etsy to showcase and sell their creations, and people (buyers and sellers alike) love the site because of its community-centric feel.
- Alibaba – Alibaba is an online marketplace for wholesalers, manufacturers, suppliers, and importers/exporters all types of products.
- It’s an special site that allows users to find vendors and purchase merchandise in bulk.
- Fiverr – This is a “freelance services marketplace” that connects people (mostly entrepreneurs) with service providers who offer anything from graphic design and online marketing to translation and video development.
- As its name indicates, gig pricing on Fiverr starts at $5 USD, though depending on what you’re selling, that can go up to hundreds, even thousands of dollars.
- Upwork – Formerly Elance-oDesk, Upwork is a marketplace that connects individuals and businesses with freelancers from all over the world.
- What types of services can you buy and sell on Upwork? Answer: a whole lot.
