Online Shopping Marketplace

Online Shopping Marketplace

Online Shopping Marketplace

Online Shopping Marketplace

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An online marketplace or online e-commerce marketplace is a type of e-commerce site where product or service information is provided by multiple third parties, whereas transactions are processed by the marketplace operator. Online marketplaces are the primary type of multichannel ecommerce and can be a way to streamline the production process. In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers often called drop shipping. Other capabilities might include auctioning forward or reverse , catalogs, ordering, wanted advertisement, trading exchange functionality and capabilities like RFQ , RFI or RFP. These type of sites allow users to register and sell single items to a large number of items for a 'post-selling' fee. In general, because marketplaces aggregate products from a wide array of providers, selection is usually more wide, and availability is higher than in vendor-specific online retail stores. Since , online marketplaces are abundant since organized marketplaces are sought after. Not only is the platform for selling online, but the user interface and user experience matters. People tend to log on to online marketplaces that are organized and products are much more accessible to them. Many sharing economy platforms are in fact peer to peer marketplaces. The intermediaries in online environment marketing that offer customers a destination site about connecting online customer with product information, for example, some search engines, like Google, Facebook and MSN. This method is easier for customer to gather information, and have a preview bout the product. Such as the price and the product detail information. Online intermediaries enable customer and online seller maximizes the efficiency and effectiveness. The information would be exchanged though Internet, B2B and B2C are both benefit from online intermediaries. In addition, online intermediaries sometimes provide support for online social networks, which create a social community for supplier and customer in order to directly connecting each other, such as the dramatically increase trend about e-commerce development, online site allow supplier and customer to do business at digital environment. It is different with the traditional method, online shopping intermediaries offer third-party sellers the opportunities to freedom to choose sale prices, and they only charge a percentage of referral fees from the final price. Though the online environment sellers become more efficient, comparing with conventional sells channel, in-store sales, online shopping and intermediaries enable company save from without involve physical store. Customer may have a clear classification to search what are they seeking. Another criticism is that the laws and regulations surrounding online marketplaces are quite underdeveloped. As of consequence, there is a discrepancy between the responsibility, accountability and liability of the marketplace and third parties. Online marketplaces and platforms have faced much criticism in recent years for their lack of consumer protections. From Wikipedia, the free encyclopedia. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. September Learn how and when to remove this template message. Why People Participate in Collaborative Consumption'. Strategy, Implementation and Practice. The strategic design of search Environment'. Retrieved from ' https: Articles needing additional references from September All articles needing additional references All articles with unsourced statements Articles with unsourced statements from September Views Read Edit View history. This page was last edited on 1 December , at By using this site, you agree to the Terms of Use and Privacy Policy.

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