Introduction:
They say necessity is the mother of all Inventions. There’s no doubt that online shopping global businesses and local businesses need to reach out to online market platforms to sell their products. If you really want your products to sell like hot cakes, know which is best online marketplace.
The year 2020 has been an aberration of sorts, with the Covid-19 still raging and bringing to halt everyday life worldwide. People have been dependent on the best eCommerce marketplaces online to cater to their essential purchases, including some non-essential ones too.
The fundamental meaning of an Online marketing place is that it is an
an e-commerce site that sells products that belong to different manufacturers to customers online. A few examples of such eCommerce sites are;
- Amazon.com
- Wal-Mart
- eBay
- Alibaba.com
- Google express.
However, these are not niche product platforms.
Niche platforms are confined to serving a few products to a particular segment. Examples of these are:
- Bonanza- For fashion
- Hollar- for fashion
- Zalando- For bargainers
- Fullbeauty- For Bargainers.
Thus, it can be seen there are many marketplaces online, and in that, many types too.
You would want to ensure that you choose only the best online marketplace website, as you don’t want to be ripped off or face an issue with regard to quality.
You have to select the best marketplace to sell online, so that you can the facility of refunds and to ensure that the accessory reaches you on time
1) Amazon:
Indeed this is the top-ranked site and the best online marketplace to sell. They have a selective lot of customers known as ‘Prime Members, which is a staggering 100 million. Almost all these prime members spend an average of $1400 per annum buying products from Amazon.com. It is nothing short of a goldmine for sellers and retailers, as they would enjoy maximum sales in this portal.
2) Desertcart:
Established in 2014, and catering primarily to the MENA region, Desertcart is one of the highly rated and trusted ecommerce players in the Middle East. Serving primarily the countries of the UAE, Qatar, Bahrain, Saudi Arabia, Oman and Kuwait, the company brings to your doorstep, world class products, all over the world from Australia to America
3) eBay:
eBay is a website managed where online auctions and sale of a variety of products take place. There are wide varieties of products to choose from on eBay to sell or buy. The buyers do not have to pay a fee, which makes it the best free online marketplace, but the sellers who place their products have to pay a fee as per eBay rules.
eBay set of rules for selling fees are two:
- Pay an insertion fee when you enter and before creating a listing.
- After the product is sold, a fee is known as ‘final value fee’ based on the value.
There are no other fees attached to eBay, which could be annual or quarterly.
4) Wal-Mart:
Wal-Mart Inc happens to be one of the most popular MNC’s that owns and operates a massive chain of the top class of Hypermarkets and is considered number one in the world of supermarkets. As of 2019, they have 11500 stores, and their total assets are US$236.495 billion, with an income of US$20.568 billion. It’s often known as the best marketplace to sell online.
5) Shopify Plus:
If Shopify is the primary and intermediary level, Shopify plus is the upgraded version of the base provided by the two. They target enterprise-level forms of businesses, and for that, Shopify plus give the platform. In addition to that, they have added services to benefit the MNC’s and large-sized companies.
Established in 2009 by Eddie Machaalani and his partner Mitchell Harper, BigCommerce has its Headquarters in Austin, Texas. Their staff strength is more than 750 now and has offices worldwide. BigCommerce provides its customers with the following servicesL
- SaaS solution
- State of the art- grade functionality
- customization
- User-friendly tools to ensure success and Performance
- Helping hand to establish beautiful online stores.
6) Magento:
Established in 2009, Magneto became one of the largest e-commerce platforms globally, along with gathering popularity. They improved the code base and made it more user-friendly, and stabilized its features, and it was called Magento 2.0. Adobe purchased it in 2018, and this leads to versions:
Businesses that range from small to medium and have been running for some time and armed with demand should avail of the Magneto Platform in 2021.
7. Squarespace
Squarespace from New York, USA, is a software company launched in 2004. It is an eCommerce site that allows people in business to display and sell their products online. Squarespace provides a website to its customers and helps them create their web pages based on their developed templates. The customers have to drag and drop.
Squarespace is most useful for businesses that own small enterprises which require just the basic needs of eCommerce. Entrepreneurs can also avail of service from Squarespace.
8) Wix
A website builder and cloud-based, Wix encourages users by providing tools that can drag and drop, thereby allowing them to create online stores. Wix has a wide range of designs accompanied by templates that could even engage the beginners who are actually resource-strapped but still permit them to construct a functional and compelling website.
It has been recognized in the past that Wix is one of the top E-commerce platforms for starters and businesses that are small as they can ill afford a web designer. Wix. Com comes in with plug-ins, which helps the functions to be extended. It is excellent at a superficial level but not suitable for businesses that have grown large.
9) Volusion
Volusion, which came into the E-commerce market way back in 1999, has weathered all storms and is one of the longest-serving marketplaces globally. The popularity of Volusion has never hit a low despite giants like Wix or Shopify entering into the market. Volusion has 30 000 plus stores globally and has gross sales above $28 Billion.
10) Big Cartel
Known as one of the best online marketplace, Big Cartel has come a long way, ever since its inception in 2005. This Ecommerce site has welcomed creators or artists. It is a site created for artists by artists. Their primary focus has been selling products like Photo prints, jewelry, artwork, and clothes. Big Cartel came up as a competitor to Etsy and promoted artists without complicating the generally part of eCommerce procedures. This allowed the artists a free hand.
Big Cartel is the best eCommerce platform for artists and entrepreneurs looking for an alternative to Etsy. They are a platform that knows their niche and. The builder itself is uncomplicated and straightforward and helps artists put their best foot forward, and the efforts were bettered.
Conclusion:
It should be said that attempting to rank E-commerce platforms is not easy, and one of them to be singled out as the best is impossible. The businesses that approach these online eCommerce sites determine how good the latter can get. There might be constraints in the budget, human resources, short-term and long-term objectives all play a vital role in deciding how far they would go with the online marketplaces. And nowadays we can see all kinds of products being sold on online shopping marketplaces like from books, healthcare to even vegetables.
