Sunday, October 4, 2015

features of online websites called as marketplace
1. It helps in reducing the risk of trading with unknown partners
2. Provide the ability to overcome discrepancies 
3. Promotion of products
4. Payment gateway facility
Online stores commonly use credit and debit cards, gift vouchers, cash on delivery, PayPal, etc as their main payment system
5. Buyers interact with sellers via computer networks making transactions that are no longer geographically bound. When there is a problem however, customers would more likely prefer to have someone they can talk with.
6. Apart from trust marks, a clear design, convenient menus, detailed product descriptions and user reviews are also important for creating better online reputation. Just note that trust plays an important role in a customer’s willingness to part with their money.
Spend some time away from the computer and build your idea
1.      What kind of products will you be selling? Are there any competitors in this niche?
2.      It will also help a lot to build a brand name in these early stages of development

Start with multi-vendor sites for sale of your products. And after gaining experience start selling through your own website also, you need to be visible at a lot of other places too. Selling your products on online marketplaces will help you achieve 2 very essential things as an entrepreneur:
1. It will increase your brand visibility and engagement.
2. And it will keep getting your  new customers time and again.
So you can be sure that a repeat customer will definitely come to your online store the next time he wishes to purchase something.

List of Online Marketplaces

Pros of Selling on Amazon & eBay

1. Increased Sales 2. Customer acquisition.   3. Marketplace Infrastructure

Cons


1. Marketplace Fees

1 comment:

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