What is a marketplace & why do you need one?

With so many vendors selling under one roof, marketplaces are a very interesting place for consumers to go to find cheaper options and new alternatives. A marketplace, done well, can be a huge community of highly satisfied customers. Marketplaces offer their owners surprisingly lean, scalable business models.

What does a marketplace owner do?

The role of a marketplace owner is to bring together the right vendors and the right customers to drive sales through an exceptional multi-vendor platform - sellers have a place to gain visibility and sell their products, and the marketplace owner earns a commission from each sale.

What is an example of a marketplace?

Examples for marketplaces are large companies with huge inventories like Amazon, Rakuten or eBay or niche platforms like Etsy (handmade crafts), Runnics (sportswear for running) or Shop.Surf (Surf & Skate gear and fashion).

What is Facebook Marketplace?

Marketplace is an e-commerce platform that connects sellers and buyers through meaningful interactions and unique goods. Anyone with an active Facebook account can list or buy items with no hidden fees Browse and buy, or list and sell items to other Facebook users across the country Discover unique items, from home decor to trendy fashion.