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A B2B marketplace that enables buyers and suppliers worldwide to trade with buyers and suppliers within Africa.
Merck Animal Health, is a research-driven company that develops, manufactures and markets a broad range of veterinary medicines.
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Online Marketplaces and How They Work What Is an Online Marketplace? An online marketplace, also known as an eMarketplace, is an eCommerce website where third party vendors can sell items to consumers. Transactions made through the online marketplace will be processed through the owner of that marketplace. An example of a digital or online marketplace would be Amazon.com. How Does an Online Marketplace Work? If you own eCommerce store already, you’ll likely have the inventory of products listed there for customers to browse through. If you connect with an online marketplace, you’ll keep an updated inventory of listed products and sell them on the marketplace platform. This helps you transform your local business into a national or even international one. Popular Online Marketplace Platforms Let’s talk about a few famous online marketplaces: Shopify – You can use this eCommerce marketplace for your small- and large-scale business. It is subscription-based software that would help you to set up your online business and start selling your products. Amazon – One of the leading online marketplaces. For a user-friendly shopping experience, people from all over the world are connected to this?online marketplace.?You can compare product prices on this platform and then set competitive prices for products so you will be able to make maximum sales. eBay – With this marketplace, you get a choice between a personal account where you will be able to do casual individual selling and a business account where you can sell large quantities of branded products. If you want to sell your products under your company’s name, then you can register your business and start selling products with your business’s branding. How Can My Online Marketplace Become that Popular? Several factors determine the success of online marketplaces. One is accessibility and convenience. Does your marketplace have a mobile app? Can it be accessed on desktop, laptops, tablets, and mobile phones? Having a website and an app that function seamlessly and are easy to use will go a long way toward improving your marketplace’s popularity. Another important attribute of a popular online marketplace is self-service. This means your customers can do things like view account details, add items to their cart, save payment details, and more, all without having to call customer service. They can do almost everything they need right from the marketplace platform’s self-service portal. To really ensure the success of your marketplace, it’s recommended to work with an expert eCommerce development team that can custom-develop your marketplace software, so that front-office actions sync to your back-office systems, and you can provide a better customer experience. Develop Your Online Marketplace with Clarity Clarity can custom-develop an online marketplace platform for your business. If you’d like to find out more, contact us today; we offer a free discovery session where we help you find what solution works best for your business. There are no strings attached, so you can take this information with you anywhere to help grow your business. Click the button to get started. Get A Free Discovery Session Related Posts Intro to eMarketplace Platform eCommerce Mini-Carts: Increase Checkout Rates Building an International Marketplace Business Model Written by Autumn Spriggle Autumn Spriggle is a Content Writer at Clarity Ventures with experience in research and content design. She stays up to date with the latest trends in the tech industry so she can write content to help people like you realize the full potential for their business.
An online marketplace, also known as an eMarketplace, is an eCommerce website where third party vendors can sell items to consumers. Transactions made through the online marketplace will be processed through the owner of that marketplace. An example of a digital or online marketplace would be Amazon.com.
If you own eCommerce store already, you’ll likely have the inventory of products listed there for customers to browse through.
If you connect with an online marketplace, you’ll keep an updated inventory of listed products and sell them on the marketplace platform. This helps you transform your local business into a national or even international one.
Let’s talk about a few famous online marketplaces:
Several factors determine the success of online marketplaces. One is accessibility and convenience. Does your marketplace have a mobile app? Can it be accessed on desktop, laptops, tablets, and mobile phones? Having a website and an app that function seamlessly and are easy to use will go a long way toward improving your marketplace’s popularity.
Another important attribute of a popular online marketplace is self-service. This means your customers can do things like view account details, add items to their cart, save payment details, and more, all without having to call customer service. They can do almost everything they need right from the marketplace platform’s self-service portal.
To really ensure the success of your marketplace, it’s recommended to work with an expert eCommerce development team that can custom-develop your marketplace software, so that front-office actions sync to your back-office systems, and you can provide a better customer experience.
Clarity can custom-develop an online marketplace platform for your business. If you’d like to find out more, contact us today; we offer a free discovery session where we help you find what solution works best for your business. There are no strings attached, so you can take this information with you anywhere to help grow your business. Click the button to get started.