There are countless marketplaces available in the world. Based on our research here are some of the marketplaces that have a huge user base and easy to launch your store.
Amazon
Amazon is one of the biggest marketplaces you can take benefit of. It has around 150 million prime users. Once you start selling on Amazon, you will have many other factors to consider. But now you have to decide which selling plan is best for your business.
Amazon’s plan is enough for most third-party sellers who immediately want to get started. But if you are selling in a category like fine art, then you will need to apply for the professional plan and appeal for permission.
The price of a Professional selling plan is $39.99 a month, plus;
- Per item selling fees based on categories, and
- Variable closing fees and referral fees
eBay
Don’t want to sell on Amazon, yet you have another powerful platform to get started. eBay is the platform we are talking about. It has a vast global market that gives you access to 168 million active buyers worldwide. Together they generate around $95 billion as annual revenue. eBay operates in around 180 countries, so you have plenty of opportunities to expand and grow your business.
If you want to sell on eBay, here are the two types of selling fees:
- Insertion fees when you create a listing, and
- A final value fee on the selling of your items
Also, they have a complex selling fee structure based on various factors, visit this blog for detailed information.
Facebook Marketplace
Facebook Marketplace is another great option to get started. The Major benefit of using this platform is that you don’t need to pay any kind of registration fees or other fees. According to this report, Facebook Marketplace gets visited by 800 million active users monthly – as per Facebook CEO Mark Zuckerberg.
Selling on Facebook Marketplace is very easy, which makes it more attractive for new and established sellers alike. You just need to sync your store and let Facebook review your products.
Walmart
Around 265 million unique customers visit Walmart each week throughout the world. This is the great benefit of selling online with Walmart. Also, Walmart only charges commission fees, there are no annual, monthly, or initial setup costs.
However, you can’t just get started selling on Walmart like other platforms. You need to fill out the request application. This means you need to wait some time to launch your store till they invite you to sell.
Alibaba
Alibaba is an eCommerce giant based in China. Once, it was a startup employing only 18 people now, there are more than 22000 employees. The Sum of the quarter’s revenue revealed that Alibaba had reached a revenue of $94.6 billion.
Alibaba is an excellent platform for suppliers. But keep in mind if you are a new vendor, then it will take time to rise to the top of Alibaba search results. If you have decided to sell on Alibaba, then you will need to create your account, establish your company profile, and list your products.
Now it’s time to have a word on pricing.
Pricing depends on the type of product you are selling and the portal you need to sell on. They will also charge subscription and transaction fees in some cases.
There are two types of pricing plans for Alibaba
- Basic Plan – You need to pay $2399 per year
- Premium plan – You need to pay $4199 per year
Check out this page to learn more about it.
Above are some of the popular marketplace in the world. You have to decide which marketplace is best for your business based on your budget and goals. IF you have any doubt feel free to contact us, we will be happy to help you out.
