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What Is An Online Marketplace?

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You must be familiar with these companies as they are the pioneers in e-commerce marketplace industry.

What is common in all?

They all are Online Marketplaces. Today everything has been digitalized and so the traditional marketplaces. The online marketplace is an e-commerce business model involves buying and selling via the internet.

In an online marketplace, a large number of vendors sell their products and services under one website and app. And the buyers find transparent prices and inventory of the product on the marketplace website round the clock.

However, for revenue, the marketplace website owner takes a percentage of the sales from the vendors on any product sold across the marketplace website.

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