Top 7 Online Market To Make Money On The Internet

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Did you know that on a global scale, more than 50% of e-commerce sales were generated from online marketplaces in 2019, contributing $ 1.7 trillion to the economy each year? It is predicted that over the next five years, the meteoric increase will prompt more companies to adopt the market as the best platform to promote online sales.

The online market is definitely a promising field for your success. However, do you know which ones are right for you? Is it an online retail giant like Amazon, eBay, Alibaba, etc., or a newly tapped marketplace?

To help you find the best costume, we’ll put together a list of the top 7 online marketplaces to make money online this year. Depending on what features you need, budget, and goals, use our guide as a benchmark to set yourself apart and earn your massive revenue share.

What is an online marketplace?

An online marketplace is an e-commerce site or application that facilitates shopping from many different sources. The marketplace operator does not own any inventory and, in fact, its business is to present others’ inventory to buyers and facilitate smooth transactions.

There are different types of online marketplaces which can be categorized from a total of over 100 marketplaces. Here are the essential conditions you need to consider when comparing their pros and cons:

  • Site

  • Some products

  • Cost

  • Popularity

  • Competetion

  • Characteristics

  • Accomplishment

The benefits of using an online marketplace to sell products

The online marketplace is a great opportunity for online sellers to profit from the sale of their products. We will give you a brief overview of the exciting advantages of selling in the online marketplaces and how to profit from them.

The online marketplace is a great opportunity for online sellers to profit from the sale of their products. We will give you a brief overview of the exciting advantages of selling in the online marketplaces and how to profit from them.

Launch your store in no time

When you are selling online for the first time, marketplaces can be a great place to start generating income and growing your brand. Once you’ve been approved as a third-party seller, you can instantly download your product and start selling.

Programs already established

If you are new to selling online and can’t afford to build a full website with amazing features for online business, Marketplace is the right choice for you. By running your business in online marketplaces, you can easily navigate marketing, sales, and order fulfillment with a variety of built-in features.

Large clientele

Online marketplaces have a huge customer base with millions of repeat buyers and active monthly visitors. These are also the right places for people to start shopping and search for their favorite item, even without worrying about Google or retail websites. Statistics show that 56% of all product searches now start (and often end) on Amazon.

If you choose to base your business on an online marketplace, there’s a good chance you’ll get a source of potential customers who can find you with just a few keywords in the search box.

Top 7 marketplaces to make money online

In this section, we will give an overview of 7 online marketplaces with their own set of selling fees, commissions, requirements and many more.

1. Amazon

Maybe Amazon is one of the biggest ecommerce marketplaces in the world. It is best suited for mid-to-large salespeople who aim to gain exposure to millions of customers and are ready to handle the influx of traffic when it presents itself.

The most convenient functions currently supported by Amazon are Fulfilled by Amazon (FBA) and an integrated affiliate program. Additionally, ad programs including sharing sponsored product ads, sponsored brand ads, and personalized store pages also help you simplify your ad and reach your target audience.

Overview

  • Active users: 310 million active users and 90 million Prime members

  • Seller’s fees: 6-20% (15% on average) of the value of an item

  • Fee: Professional account: $ 39.99 / month, while selling as an individual will cost you $ 0.99 per item (no additional monthly fees)

  • Page views per month: 2.6 billion

2. eBay

Making money online has never been so difficult with eBay, a large market for 168 million active buyers worldwide who together generate $ 95 billion in annual gross market value. This market is suitable for sellers who sell new and used items and are open to auction their products at a higher price.

The cool thing about eBay is that you don’t need to apply to use it. Just create an account, create your first ad, and get started.

Overview:

  • Active users: 175 million

  • Selling Fee: eBay charges a final value fee of 10-12% on average when you sell an item in an auction or fixed-price sale.

  • Contribution: None

  • Page views per month: 1.2 billion

3. Etsy

Esty is a unique marketplace that primarily helps designers, artists and artisans to easily sell their products online without having to shell out too much money. With 33 million buyers around the world looking for vintage clothing, jewelry and collectibles, this is a promising site for you to find an ideal customer segment to target in your niche. .

The most thoughtful feature of this sales platform is the ability to preserve your brand identity. Your store name is listed on the results page, and when customers click on it in the product pages, they are taken to your personalized Etsy storefront. In addition, tools and applications for effective advertising such as Sponsored Ads and Google Shopping are also supported.

Overview:

  • Active users: 1.93 million active sellers in 2017, 33.4 million active buyers in 2017

  • Seller Fee: Listing Fee: $ 0.20, Transaction Fee: 5% of the price of an item (plus the amount you charge for shipping and gift wrapping)

  • Membership fee: None. Etsy Plus: $ 10 / month

4. Walmart

Walmart is another top market you can consider starting your business with. In 2018, e-commerce sales grew 43%, and that growth shows no signs of slowing down.

Walmart Marketplace was only popular with American sellers. However, it is now growing and starting to use suppliers from other countries. Mid to large sized salespeople may find this to be the best fit for their business.

Walmart’s most attractive benefit is the ability to integrate with various service providers, such as Deliver for Shipping.

Overview:

  • Active users: 363 million

  • Seller fees: 8-15% commission, free to list items

  • Contribution: None

  • Monthly page views: 344 million

5. Jet

Compared to many online marketplaces on this list, Jet is just a new brand, which was acquired by Walmart but operates separately.

What makes Jet different is that it values ​​lower prices over fast delivery. This means that shopping is inexpensive and convenient, which keeps buyers coming back.

If you choose to sell products on Jet, please note that commission is charged on the products sold.

6. Alibaba

Alibaba is Chinna’s largest online marketplace. This is a great platform with huge benefits coming from a country of over a billion people.

Overview:

  • Active users: 488 million active buyers

  • Seller’s fees: 5-8%

  • Contribution: free basic membership. Gold supplier membership at $ 2,999 / year

  • Monthly page views: 126.7 million

7.new egg

This market is specialized in technological products only. Since tech products tend to be in demand during holidays like Christmas and special occasions like birthdays, Newegg is also suitable for seasonal sellers.

With a great execution option, Newegg will snag your inventory and then pack and ship it. This will help you reduce the additional cost of inventory management.

Some essential steps for the success of an online marketplace

We have just completed the list from which you can find a great marketplace to sell and make money. Starting an online business is not easy. Here are some tips we recommend:

Optimize product content

Product titles, descriptions, categories are the things that compel consumers to place orders. The more effort you put into your content, the more likely your products are to be found first on the search results page.

Prepare to advertise

Since the majority of product pages are filled with ads, you need to invest in digital marketing to present your products to your customer.

Diversify your shipping strategy

Buyers today don’t just want fast, free delivery. They are waiting for him. Let’s try to diversify your shipping strategy, make customers happy, and increase sales.

Be ready to expand

If you are serious about growing your business, operating in multiple online marketplaces is a definite yes. And of course, the essential feature that improves the performance of your business is technology. At this point, you can look for app providers, extension providers, etc. which can make your site a wonderful place to sell. Among millions of vendors, we want to introduce you to CedCommerce eCommerce, which has helped thousands of customers expand their business to a wide variety of platforms including Magento, Shopify, Prestashop, etc.

Conclusion

Whether you are a newbie or an experienced seller, online marketplaces should be a central part of your strategy. Depending on your budget, business goal, etc., you can find a suitable solution from the millions of options available. There is no one size that fits all.

We hope you enjoy our article and find useful information that simplifies the process of market research and assessment. Thanks for your reading time.

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