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About
Marketplaces - The Future of Online Retail
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Online shopping has become a common thing for a modern person. It is where marketplaces have played their role.

 

Marketplace is an online trading platform, where buyers and sellers initiate transactions. The platform provides a variety of goods and services for the clients and helps the suppliers to promote their products.

 

Depending on the type of a marketplace, it uses different monetization models: fees for listing of a product, transactions fees, membership fees etc. Amazon, eBay, Airbnb are great examples of successful marketplaces.

 

Marketplaces provide benefits both for vendors and buyers:

 

Vendors:

- create their own store, which is based on a working online platform

- introduce their products to the online market

- get an access to a wider audience of customers

Buyers:

- have a bigger variety of products

- save time on the search and purchase of a needed product

- get a guarantee of the best price

 

Further development of marketplaces will connect buyers and sellers even more, which brings us to a convenient and reasonable time and money spending.

Tags:
MarketplacesOnline Retail
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