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2019-05-26 15:02:35

Search Google for the highest revenue-generating e-commerce stores, you’ll find names like Amazon, eBay, Walmart, Airbnb, etc. All these online stores work on different business models but the one common thing among them is that they are all multi-vendor marketplaces.

Considering the popularity of multi-vendor marketplaces, many aspiring entrepreneurs now want to launch similar stores like Amazon, eBay, or Airbnb. However, starting an e-commerce marketplace is not a walk in the park. In this post, I will try to explain each and every thing about online multi-vendor marketplaces.

What is a multi-vendor marketplace?

An online multi-vendor marketplace is a platform where various merchants from different locations sell their items or products under a roof. The owner of the marketplace handles the transactions work, whereas inventory is managed by the sellers.

Interesting Stats about Online multi-vendor marketplaces:

Based on gross merchandise, Taobao is the most popular online marketplace in the world.Amazon is the leading marketplace in the USA.More than 300,000 third-party sellers started selling on Amazon in 2017.A better price is the leading reason why people prefer to buy on online marketplaces.31% of first-time shoppers prefer to buy on online marketplaces.Revenue cut by marketplace operator is the leading reason why merchants prefer to have their online stores.

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