With the rise of e-commerce, online marketplaces have become a vital part of the retail industry. These marketplaces provide a platform for businesses of any size to sell their products to a global audience. In this infographic, we will explore the top online marketplaces, their features and benefits, and how businesses can benefit from selling on these platforms.
Sharetribe Flex and Go are fundamentally different platforms designed to solve certain tasks. Sometimes business owners need to migrate their marketplace from one platform to another. We prepared material where we explained how to migrate from Go to Flex.
Statista predicts that global e-commerce sales will reach $5.7 trillion by the end of 2022 and will reach $6.3 trillion in 2023. There is a positive trend compared to 2021 ($5.2 trillion). It is noteworthy that almost 70% of sales in the industry are related to marketplaces. Good news for you if you plan to create a website from scratch.
To make a prosperous online marketplace platform, you should discover those business models that will be profitable and uncomplicated to manage. Comparing service suppliers and selecting the right one seems challenging: it is essential to determine how effective the concept of utilizing existing templates or open-source marketplace software is.
It is critical for e-commerce businesses to create a convenient and secure environment for online transactions. According to Statista, digital and mobile wallets and credit and debit cards remain the most popular payment methods. If you want to ensure an easy and reliable transfer of funds, choosing the technology-first payment gateway Stripe for a marketplace makes sense.