A marketplace is a shopping mall that lives exclusively online. Think of Amazon and how it allows for an unlimited shopping experience for anyone with an internet connection. This type of platform brings your customers to you directly.
The benefits of using a marketplace
When seeking your ideal software, it would help if you consider five critical aspects:
A Few of The Best Marketplaces
Etsy – this website and app-compatible platform hosts sellers specifically in the handmade space. Creators who want to sell their crafts or art prefer to use Etsy as it already has a dedicated user base that loves to discover new artists. Handmade jewelry, clothes, and toys are all welcome on Etsy. Handling over 50 million users per month has given Etsy a unique insight into their customer base, both buyers and sellers.
eBay – In Q2 of 2020, eBay earned $2.67 billion through its 160 million users. Based in the US, eBay is widely known and operational in over 20 countries worldwide. They are ranked fifth in the top 100 online marketplaces. This platform doesn’t have a specific focus, and it is open to hosting a little bit of everything.