Purchasing via an online marketplace

 

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What is an online marketplace?

Well, when you go for shopping in your market what you will be able to see? You see large number of sellers, shops with various kinds of their products and the other hand large number of buyers who visits their shops to buy products to fulfill their individual requirements. So, in very simple terms this can be identified as a “marketplace”.

When it comes to “online Marketplace” the only difference is, there are no shops and sellers available in physically. But buyers and sellers meet each other to do their transactions through “internet” in other words “online”. Sellers also have their own online stores for displaying their products and visitors/buyers are able to visit their online stores and buy what they want online through their computer or phone. Not only that but also they can pay online by using their bank cards or other secured online payment options. So, this market structure is called as online marketplace.      

To perform E-Commerce, we need to have an online marketplace and there are tremendous advantages for both buyers and sellers when participating online marketplace rather than traditional marketplace. For more details about E-commerce & benefits, you can read my previous post "why shopping online?"

How does an Online Marketplace work?

Indeed, there are few methods for using Online Marketplace.

The first is for online shopping. Large number of merchants offer a wide assortment of things, So, you'll find what you're searching for. You can think about costs from various venders and have your things distributed directly to your place. You can look for things you need to buy, choose the ones you like be stand add them to your shopping basket. Whenever you've added all that you need to purchase, begin the virtual checkout process. Very much like in the event that you were at an actual stores checkout counter. Enter all your delivery and charging data where to send your delivery and how you need to pay for it. Whenever you've submitted your request, they will send it to your place.

Selling on the marketplace is the second way to use the site. Online marketplaces allow external parties to sell goods. They can assist you in selling a few or many things, depending on your preferences. Anyone can sell whatever, including books, devices, and sporting goods. And finally administration of particular online marketplace will credit your bank accounts based on how much you've sold.

Now I think you have an idea about what is an online marketplace, the benefits of online marketplace and what are the things that you can do it there. So, why don’t you visit such a marketplace and get those nice experience?

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