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Online marketplaces have contributed immensely to the growth in online shopping and eCommerce. Today, so many top brands have adopted the idea of selling their products on online marketplaces such as eBay, Amazon, and others.
It’s even easy to shop online nowadays. Thanks to the introduction of the smartphone, people can now virtually do anything on their mobile phone while on the move.
So, eCommerce and online shopping will continue to grow as long as people have access to the Internet. However, is your business also gaining from being on online marketplaces? Can you also make a career out of selling online?
Best online marketplaces where you can actually make money
Gone were days when online marketplace was all about Amazon and eBay but there are many of them nowadays. It’s like the era of physical shop location is gradually becoming a history.
Those brands that refused to embrace eCommerce and online shopping are out of business today. I think the convenience that comes with online shopping is why consumers find it the best way to shop.
Online merchants and top brands are now selling their products on marketplaces to expand their reach and increase their revenues. You too can make money online by selling your unwanted stuff on any of the marketplaces.
The fact is that marketplaces get more visitors than a smaller online merchant could possibly attract. Below are some of the best and popular online marketplaces where you buy and also make money by selling your stuff or products. So, are you ready to cash in on the popularity of these online marketplaces?
Rakuten.com is a popular marketplace that allows merchants to build an online presence on the platform rather than just their local communities. This platform lets merchants design their own stores and products as well as email their customers.
Also, Rakuten offers Super Points™ Program that enables customers to earn reward points every time they shop on the platform.
Amazon.com is arguably the biggest marketplace on the internet and it offers a wide variety of products in all categories. Amazon lets you set up a store and place your products on the platform but you have to operate within strict rules.
Depending on the category, Amazon offers several monthly plans for merchant stores and charges commissions upwards to 25%. Also, it offers Prime Rewards program and free shipping.
When we talk about online shopping and eCommerce, eBay.com is one of the pioneers and it currently has over 170 million active buyers across the globe. It offers both auction and retail website as well as local marketplaces in more than 30 countries.
All transactions brokered by eBay and fulfilled by third-party merchants. Fees charged vary from subscription rates, insertion fees, and final value fees.
Etsy.com is another popular online marketplace and one of the best e-commerce websites for merchants to sell their products online. It focuses on handmade, novelty and vintage items, from jewelry and clothing to toys and art pieces.
Creating an account is free and there is no binding monthly payment. Like Amazon or eBay, Etsy takes a listing fee for every listed item and 3.5% fee for sales. It has over 45 million items for sale, over 1.7 million active sellers, and 28.6 million active buyers.
Named by Entrepreneur Magazine as one of the “Best Entrepreneurial Companies in America in 2016, Bonanza.com is one of the best places to sell online.
This platform offers good opportunities to small businesses and entrepreneurs to easily create online shops. It focuses on buying and selling new and pre-owned clothes, accessories, jewelry, items for home and garden, art pieces, collectibles and antique.
Newegg.com is one of the best online marketplaces that offer the best prices on computer products, laptop computers and LED LCD TVs. Other available products include digital cameras, electronics, office supplies, and other home appliances.
Newegg offers a marketplace which was established in 2011 as an expansive business unit. It offers 3rd party sellers a platform to reach their over 30 million customer base.