Top 5 of the Best Ecommerce Marketplace Applications

Have you ever shopped online? Well, of course, all of us have shopped online and gotten addicted to many online marketplaces. The credit goes to the Internet that has transformed the approaches of retail businesses. However we see to it, the real fact is that Online Marketplaces have made our shopping life easier.

Why do people prefer Online Marketplace?

According to Statista, in 2016, it is estimated that about 1.61 billion people worldwide purchase goods online. In 2017, during a survey, it was found that 11% of online shoppers stated that they shopped online via smartphone on a weekly basis.

Less variety of options for the products or services in offline marketplaces. Going to different shops frequently and making a lot of effort to find superior products. As per money is concerned, for that also you have to contrast prices from different shops which is a monotonous task.

The patron can acquire items or products effortlessly by phone without getting stuck to the physical stores within their geographical location. Patrons can contrast products more smoothly with easy modes of shipment and payments, more diversity of options for the products with tenable price.

Let us take a look at 5 popular Online Marketplaces today, and what build them the finest in the industry.

5 popular Online Marketplaces

Amazon

Amazon is the big-boned online marketplace worldwide that trades all categories of goods, including food, toys, books, electronics, art pieces, groceries, and much more. Amazon is the fourth most valuable public company in the world. Amazon.com has a number of products and services procurable like Amazon Prime, Alexa, Amazon digital game store, Echo, Amazon web service, etc.

Amazon Go app, their recent introduction, is a creative class of shopping store in which no checkouts are required and you don’t have to wait in a queue to pay the bill. With our Just Walk Out Shopping experience, classically use the Amazon Go app to enter the store, take the products you want, and go!.. The bill will pop on your mobile.

Why do people prefer Amazon?

• Offers largest and extensive product range with categories.
• User-friendly, easy to navigate and browse.
• Customized offers and suggestions to customers, based on their shopping and browsing history.
• Easy shipping and other goodies.
• Firm star ratings and reviews.

eBay

eBay is a multinational Ecommerce corporation, facilitating online consumer-to-consumer and business-to-consumer sales. eBay substantially deals with automotive, electronics, apparel, etc. eBay has its sister company like eBay Classifieds Group, which helps users to find necessary things within their local communities, and StubHub, the world’s largest platform for online tickets.

What makes eBay a popular choice?

• Wide range of selection of goods and services for sales.
• Ample range of payment options like PayPal, PaisaPay, Payment upon pickup, etc.
• Amazing tutorials and tips.
• Assorted shipping options like free, flat-fee, calculated, etc.
• Offers security and easy return policies.

Etsy

Etsy is a website focused on handmade or vintage products and supplies, as well as unique factory-manufactured items. Etsy encapsulates a wide range of products like art, photography, clothing, jewelry, food, bath and beauty products, quilts, knick-knacks, and toys. Many sellers also sell craft supplies such as beads, wire, and jewelry-making tools.  Etsy goes along with the tradition of open craft fairs.

Etsy unique features:

• Substantial listings of unique handmade products, hard-to-find items, and vintage goods.
• checklist of boutiques and flea markets to shop.
• easy-to-use navigation system with the explicit search system.
• marketing tools for vendors comprises of Google Analytics and Facebook integration.
• Gives good feedback.

Bonanza

Bonanza consistently comes on the blogroll of the top 5 Online Marketplaces and with a good reason. Additionally, more than 25,000 sellers offer fashion, collectibles, home décor, art pieces, collectibles, antiques, etc.

The name “Bonanza” comes from miners in estimate to a large vein or deposit of ore. In 2007, It got named “The Best eBay Alternative We’ve Seen” by  Ecommerce Guide. It offers good opportunities for entrepreneurs and for small businesses to create their own online startups smoothly without any difficulties.

Advantages of Bonanza:

• Offers free listings and has an absolute posting period and lower fees as compared to Amazon or eBay.
• Advantageous batch editor for editing groups of items.
• Good advertising facilities and communication mediums.
• Tremendous customer service and customizable merge chat function.
• Offers higher share for vendors and free allotment services.

Sears

Sears is one of the top-grade Online Marketplaces, which deals with automotive, appliances, clothing, electronics, etc. In 2005, American big box chain Kmart bought this company and got renamed itself as Sears Holdings upon completion of the affiliate. Sears is one of the noticeable brands in the United States. Sears is just like Amazon which offers fulfillment services.

The reason why people go for sears:

• Offers a wide range of products at a reasonable price.
• Easy to navigate and browse.
• Excellent communication mediums.
•  Adds a nice little bonus for newer merchants.
• Provides best opportunities to sell broad assortments.

Tip for Potential Investors

We have only explored some of the key points that make these five forces to reckon in the global Online Marketplace. This catalog could change in the future, considering how many Online Marketplaces are being inaugurated and how the existing ones are making every attempt they can to boost their services and be more competitive.

This could be your great chance to establish an empire and join the bandwagon to launch a unique marketplace application.

How IndiaNIC can Help You Set Up Your Online Marketplace App?

IndiaNIC is a top software app development company delivering successful solutions to global clients since 1997. We bridge the gap between sellers and buyers of all kinds through bespoke digital marketplace solutions. We help you develop a platform that makes any product or service available for end-users instantly.

The team holds unmatched expertise in custom marketplace apps development such as vertical and horizontal marketplace, eCommerce marketplace, B2B/B2C/C2C marketplace apps with basic and custom features depending upon your vision, business goals, and user needs.

Our team has skilled designers and programmers who are well equipped to develop customized applications to fulfill your needs. Our service marketplace journey so far has been consistently in line with clients’ expectations.

Get in touch with our experts now!