The introduction of online marketplaces have contributed immensely to the popularity of online shopping.
But can someone still make a career out of selling online or eCommerce nowadays and how easily can that be for someone new to 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 phones 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
Gone were days when the 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 history.
Those brands that refused to quickly embrace eCommerce and launch online shopping stores are out of business today.
I think the convenience that comes with online shopping is one of the reasons 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, it offers Super Points™ Program that enables customers to earn reward points every time they shop on the platform.
It lets you set up a store and place your products on the platform but you have to operate within strict rules.
Amazon offers several monthly plans for merchant stores and charges commissions upwards to 25%. Also, it offers Prime Rewards program and free shipping.
With over 170 million active buyers across the globe, eBay.com is one of the pioneers of online shopping and eCommerce. It offers both auction and retail websites 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 jewellery and clothing to toys and art pieces. Creating an account is free and there is no binding monthly payment.
Etsy takes a listing fee and a 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.
Bonanza.com is one of the best places to sell online. It was name one of the “Best Entrepreneurial Companies in America” in 2016.
The platform offers good opportunities for small businesses and entrepreneurs to easily create online shops or stores to sell their products.
It focuses on buying and selling new and pre-owned clothes, accessories, vintage jewelleries, items for home and garden, art pieces, collectibles, and antiques.
Newegg.com is one of the best online marketplaces that offer the best prices on computer products, laptop computers and TVs. Other available products include digital cameras, electronics, office supplies, and others.
Newegg offers a marketplace that was established in 2011 as an expansive business unit. It offers 3rd party sellers a platform to reach their over 30 million customer base.