Valerie Dichtl - The Marketplace Queen’s Post

When considering ecommerce platforms, it's essential to weigh the pros and cons of each option to determine which aligns best with your business goals and requirements. Let's delve into the characteristics of #Shopify, #Amazon, #eBay, #Etsy and a self-hosted webshop: 🛒 Shopify: Shopify is a popular all-in-one ecommerce platform known for its user-friendly interface, extensive customisation options, and robust feature set. It offers a range of templates, payment gateways, and integrations, making it suitable for businesses of all sizes. Shopify provides reliable hosting and customer support, but it comes with a monthly subscription fee and transaction fees. 💻 Amazon: Amazon is the largest online marketplace globally, offering unparalleled reach and exposure to millions of potential customers. Selling on Amazon allows businesses to tap into its vast customer base and benefit from its fulfilment services, such as FBA (Fulfilment by Amazon). However, selling on Amazon means adhering to its strict guidelines and policies, facing high competition, and paying various fees, including referral fees and fulfilment fees. 🏷 eBay: eBay is an auction-style and fixed-price marketplace that enables businesses to sell a wide range of products to a global audience. It offers flexibility in listing formats, allowing sellers to auction items or sell them at a fixed price. eBay provides access to a large and diverse customer base, but sellers must navigate listing fees, final value fees, and competition from other sellers. 💳 Etsy: Etsy is a specialised marketplace catering to handmade, vintage, and unique goods. It's known for its supportive community, niche audience, and emphasis on craftsmanship and creativity. Selling on Etsy can be advantageous for artisans, crafters, and small businesses looking to showcase their products to a targeted audience. However, sellers should be aware of Etsy's listing fees, transaction fees, and policies regarding handmade and vintage items. 📊 Self-hosted Webshop: Opting for a self-hosted webshop, such as #WooCommerce or #Magento, provides businesses with full control over their online store's design, functionality, and data. It offers flexibility, scalability, and ownership of the platform, allowing businesses to tailor their ecommerce experience to their exact specifications. However, self-hosted solutions require technical expertise for setup, maintenance, and security, and businesses are responsible for hosting costs and updates. Ultimately, the best ecommerce platform for your business depends on factors such as your target audience, product range, budget, level of control, and long-term growth strategy. Each platform has its strengths and limitations, so it's essential to evaluate them carefully and choose the one that best aligns with your business objectives and priorities. #ecommerce #ecommerceplatforms #ecommercetips #ecommercestrategies

New Post: 30 eBay Alternatives: Best Sites to Buy & Sell - https://lnkd.in/g7kGq3HZ - In the world of online marketplaces, the eBay marketplace has been a household name for decades. However, with the rise of new competitors and the ever-changing e-commerce landscape, it’s always a good idea to have alternative options. In this article, we’ve rounded up the 30 best eBay alternatives to try, giving you a range of platforms to consider for your online buying and selling needs. Let’s get started! Top eBay Alternative Sites Before you dive into our list, discover the top eBay alternative sites with this handy comparison table. It provides a snapshot of key information, allowing online sellers to quickly assess the advantages and features of each platform. #eBay AlternativeDescription 1AmazonOne of the largest e-commerce platforms with a wide variety of products, free shipping, buyer protection, and user-friendly interface. 2BonanzaFocuses on unique items, offers a low commission rate, built-in marketing tools, and integration with other marketplaces. 3EtsySpecializes in handmade, vintage, and unique items, with a strong community of buyers and sellers who value craftsmanship. 4CraigslistAn online classifieds website for local buying and selling, without network or shipping fees (exercise caution with transactions). 5Ruby LaneSpecializes in antique, vintage, and collectible items, offering buyer protection, secure payment options, and fixed-price listings. 6ShopifyE-commerce platform that allows businesses to create their own online stores, offering customizable templates and secure payment processing. 7NeweggSpecializes in electronics and computer hardware, offering competitive prices, fast shipping, and a wide selection of products. 8eBidAn online auction site with low fees and a simple bidding process, offering various product categories. 9Facebook MarketplaceFeature within the Facebook app that allows users to buy and sell items locally, with messenger integration and visibility to seller profiles. 10Walmart MarketplaceRetail giant with a marketplace for third-party sellers, offering features such as free two-day shipping and easy returns. 11eCraterEnables sellers to create their own free online stores with customizable templates and integration with Google Shopping. 12RakutenA global marketplace offering a variety of products, cashback rewards, free shipping, and buyer protection. 13WishFocuses on affordable and discounted products from around the world, with features like free shipping and easy returns. 14eWorldTradeB2B platform connecting buyers and sellers globally, with secure payment processing, verified supplier information, and market research tools. 15OpenSkyOnline marketplace for unique and artisanal products, offering free shipping, buyer protection, and a 30-day return policy. 16ZibbetSpecializes in vintage, handmade, and craft products, offering customiza

Product research on suppliers for platforms like eBay, Amazon, Walmart, and Temu for a TikTok shop in the UK or USA involves several steps: 1. Identify Potential Products: Trends Analysis: Use tools like Google Trends, TikTok Trends, or trend reports to identify popular products. Social Media: Monitor TikTok, Instagram, and other social media platforms for trending products. Marketplaces: Explore best-seller lists on Amazon, eBay, Walmart, and Temu to see what products are popular. 2. Research Suppliers: Amazon: Use the Amazon search bar to find products and look at the "Sold by" section to identify suppliers. Check reviews and ratings of both products and sellers. Use tools like Jungle Scout or Helium 10 to get detailed supplier and product data. eBay: Search for products and check the "Seller Information" section. Look at seller ratings, feedback, and number of items sold. Walmart: Search for products and review the "Sold & shipped by" section. Check reviews and seller ratings. Temu: Similar to other platforms, search for products and review the seller information and ratings. 3. Evaluate Suppliers: Product Quality: Check reviews and ratings to gauge product quality. Shipping and Handling: Look at shipping times, costs, and policies. Customer Service: Review feedback on how the supplier handles customer service issues. Price Competitiveness: Compare prices across multiple suppliers to ensure you’re getting a good deal. Return and Refund Policies: Make sure the supplier has clear and fair return and refund policies. 4. Tools and Resources: Product Research Tools: Use tools like Jungle Scout, Helium 10, and Keepa for Amazon; Terapeak for eBay; and various Chrome extensions for price tracking and competitor analysis. Supplier Directories: Use directories like Alibaba, AliExpress, and SaleHoo to find additional suppliers. Social Media Monitoring Tools: Use tools like Hootsuite or Sprout Social to monitor social media trends. 5. Order Samples: Before committing to a large order, purchase samples from multiple suppliers to evaluate the quality and shipping speed. 6. Negotiate Terms: Contact suppliers to negotiate prices, bulk order discounts, and better shipping terms. 7. Compliance and Legal: Ensure that the products meet regulatory standards for the UK or USA. Verify that the suppliers have the necessary certifications and quality assurances. 8. Integration with TikTok Shop: Ensure the supplier can integrate with your TikTok shop for seamless order processing. Use TikTok's built-in e-commerce tools and features to promote and sell your products effectively. 9. Monitor and Adapt: Continuously monitor the performance of the products and suppliers. Adapt to market changes and trends to stay competitive. By following these steps, you can effectively research and select suppliers for your TikTok shop in the UK or USA.

Ever found yourself torn between the vast world of e-commerce platforms and marketplaces? But hang on, the decision goes beyond features – it's about finding the perfect fit for your business strategy. 1) E-commerce platforms: Platforms like Shopify, WooCommerce, and BigCommerce offer you the opportunity to take control of your online business and shape your store's destiny. Providing you with design features, it's your canvas. But, with great power comes great responsibility; you need to manage hosting, security, and updates. 2) E-commerce Marketplaces: The gateway to built-in traffic, marketplaces like Amazon and Etsy open the door to ready-made audiences. List your product, and you're ready to go with existing traffic; let the platform handle technicalities. But be ready to dance to their algorithm tunes and the competitive landscape. 3) Cost Considerations: Platforms often come with subscription fees, but the control you have over your brand is worth it. Marketplaces are likely to charge transaction fees, impacting your bottom line. Look at your budget, long-term strategy, and growth potential. 4) Branding: Having a store on a platform, your brand takes center stage. On the marketplace, you share the spotlight. Decide whether you want full control over your brand story or are comfortable riding on an established platform. 5) Scalability & Flexibility: Marketplaces may limit your freedom but provide a swift entry into the market. However, platforms offer scalability with room for customization. This will be up to you if you are in the long game or aiming for a quick market presence.

https://amzn.to/3KDjUO5 Knowledge is power. The more you understand the marketplace, the better decisions you can make. Several critical aspects of online marketplaces. Here are some key points: 1. **Third-Party Sellers**: Many products on marketplaces like Amazon and eBay are sold by third-party sellers, not the platform itself. This can affect the quality, shipping speed, and return policies. 2. **Dynamic Pricing**: Prices on marketplaces can fluctuate frequently due to algorithms that respond to demand, competition, and other factors. 3. **Fake Reviews**: Some reviews may be fake or biased, either posted by sellers themselves or by paid reviewers, which can mislead consumers about the quality of products. 4. **Counterfeit Goods**: The presence of counterfeit products is a significant issue, especially for high-demand items. It's crucial to check the credibility of the seller and product authenticity. 5. **Data Collection**: Marketplaces collect extensive data on consumer behavior, preferences, and purchase history, which can be used for targeted advertising and influencing purchasing decisions. 6. **Seller Fees**: Sellers on these platforms often pay various fees, including listing fees, transaction fees, and shipping fees, which can affect the final price consumers pay. 7. **Return Policies**: Return policies can vary widely among sellers. It’s important to check the specific return policy of the seller before purchasing, as some may have strict or costly return processes. 8. **Shipping and Handling**: Estimated delivery times are often just that—estimates. Delays can occur, especially with international shipping or during peak seasons. 9. **Buyer Protection**: While many marketplaces offer buyer protection programs, the coverage and ease of claiming can vary. It’s important to understand what protection is available and how to utilize it. 10. **Product Information**: Product descriptions and specifications can sometimes be inaccurate or misleading. It’s beneficial to cross-check information from multiple sources. 11. **Influence of Sponsored Products**: Search results and product rankings may be influenced by sponsored listings, meaning the top results aren't always the best or most relevant options. 12. **Environmental Impact**: The convenience of online shopping often comes with hidden environmental costs, such as packaging waste and carbon emissions from shipping. Understanding these factors can help consumers make more informed decisions and navigate online marketplaces more effectively. #manddi #ecommerce #onlinecommerce #onlineshopping #onlineselling #marketplace #how #where #what #when #if #MarketplaceSecrets #ConsumerAwareness #HiddenFacts #MarketplaceInsights #ConsumerKnowledge #MarketplaceMysteries #BuyersBeAware #MarketplaceTruths #ConsumerEducation #HiddenMarketplaceDetails #MarketplaceTips #UnseenMarketplace #BehindTheScenes #MarketplaceRevelations #ConsumerSavvy #MarketplaceAwareness

E-commerce business models refer to the different ways in which online businesses operate and generate revenue. There are several types of e-commerce business models, including: 1. Business-to-Consumer (B2C): This model involves businesses selling products or services directly to consumers through online stores or platforms. Examples include Amazon, Walmart, and various online clothing retailers. 2. Business-to-Business (B2B): In this model, businesses sell products or services to other businesses through online marketplaces, wholesale platforms, or direct sales. Examples include Alibaba, ThomasNet, and various software as a service (SaaS) providers. 3. Consumer-to-Consumer (C2C): C2C e-commerce involves consumers selling products or services to other consumers through online marketplaces or auction platforms. Examples include eBay, Craigslist, and Facebook Marketplace. 4. Peer-to-Peer (P2P): This model involves individuals or businesses providing goods or services directly to other individuals or businesses through online platforms. Examples include Airbnb, Uber, and TaskRabbit. 5. Subscription-based: Some e-commerce businesses operate on a subscription model, where customers pay a recurring fee for access to products or services. Examples include streaming services like Netflix, subscription boxes, and software subscriptions. 6. Marketplace: This model involves providing a platform for multiple sellers to list and sell their products or services. Examples include Etsy, eBay, and Amazon Marketplace. 7. Dropshipping: In this model, the e-commerce business sells products to customers without holding inventory. Instead, the products are shipped directly from the manufacturer or wholesaler to the customer. These are just a few examples of e-commerce business models, and many businesses may operate using a combination of these models or develop their own unique approach to online commerce.

I have long admired Mokobara's backpacks for their sleek design, durability, and countless innovative features. Naturally, I ordered one from their website, and it’s safe to say the backpack is as good as it gets. So much so that even my dad wanted to buy the exact same one. But when it came time for him to purchase it, he headed straight to Amazon instead. This got me thinking. In today’s competitive e-commerce landscape, it’s no surprise that the majority of consumers are inclined toward giants like Amazon and Flipkart for their online shopping needs. These platforms offer convenience, more options, and most importantly, trust- all under one roof. But what about brand websites? Why do they get overlooked, and what can be done to change that? Brand websites are often perceived as less convenient, with limited product ranges, fewer payment options, and sometimes slower delivery times. Trust is another significant factor, customers have become so used to the reliable service and easy returns provided by platforms like Amazon that they hesitate to buy directly from less familiar brand websites. Even my dad said, “The returns are always a hassle with these brand websites.” So, how do we solve this? The solution isn’t about directly competing with let’s say, Amazon. It’s about offering an experience that consumers won’t find on marketplaces. At devx, we work with e-commerce brands to ensure that their websites offer not just a purchase but an experience. This includes optimizing site performance for speed, enhancing user interfaces, and integrating advanced features like personalized recommendations and exclusive offers. Additionally, we believe in building trust, whether it's through secure payment gateways, brand authenticity or clear communication. By creating a seamless shopping experience, we’re on a mission to help brands convert visitors into long time customers. If you’re a consumer brand looking to make an impact in the e-commerce world, I’d love to connect with you. P.S: Eventually, I made him buy the backpack from the brand website and safe to say, we’re both happy with it! #ecommerce #d2c #shopify

Are there any other e-commerce platforms similar to Amazon that generate revenue through online product sales? Yes, there are several e-commerce platforms similar to Amazon that generate revenue through online product sales. While Amazon is one of the largest and most well-known, other platforms cater to specific niches or regions. Here are some examples: Alibaba: Based in China, Alibaba is a global online marketplace that connects buyers and sellers. It operates through various platforms, including Alibaba.com for global wholesale trade, and Taobao and Tmall for online retail in China. eBay: eBay is a popular online auction and shopping website that allows people and businesses to buy and sell a wide variety of goods and services worldwide. Walmart Marketplace: Walmart, a major retail corporation, has an online marketplace where third-party sellers can list their products alongside Walmart's own offerings. Shopify: Shopify is a platform that enables individuals and businesses to create their own online stores. It provides tools for website building, payment processing, and inventory management. Etsy: Etsy is known for its focus on handmade, vintage, and unique goods. It provides a platform for artisans and sellers of craft and vintage items. Rakuten: Based in Japan, Rakuten is an e-commerce platform that operates globally, offering a range of products and services, including online retail, travel, and financial services. Newegg: Newegg specializes in electronics and technology products, providing a platform for sellers to reach a tech-savvy audience. Target+: Target's marketplace allows third-party sellers to list their products on Target's website, expanding the range of products available to Target customers. Flipkart: Based in India, Flipkart is one of the largest e-commerce platforms in the country, offering a wide range of products. MercadoLibre : Operating in Latin America, MercadoLibre is a popular e-commerce and online auction platform that provides services in multiple countries. These platforms vary in terms of their target audience, product focus, and geographical reach, so sellers often choose the platform that best aligns with their business goals and the nature of their products. #export #import #globaltrade

Here's a round up of the 2023 eCommerce figures for the major marketplaces Summary: Amazon still experiencing strong growth, Etsy and Walmart are growing but more slowly, eBay is in decline and TikTok is in the ascendancy! **Amazon - Amazon's ad business brought in $10.7 billion in Q2, a 22% increase year over year. According to Insider Intelligence, Amazon’s ad business accounts for 7.3% of the global digital ad market; Meta and Alphabet have more than 20%. - Make Amazon an indispensable place for reaching customers. Brands which haven't been there will now be considering it - Small businesses in the UK saw 23% of their sales, on average, driven by Amazon Ads. - Around the world, close to 2 million small and medium-sized third-party businesses engage in selling on Amazon. As of 2023, approximately 70% of these sellers operate as independent third-party (3P) sellers, utilizing Amazon’s Seller Central platform. - Amazon was responsible for 37.6% of US eCommerce spending in 2023 - Amazon’s net revenue increased by over $40 billion year-on-year, from $513.98 billion in 2022 to $554.02 billion in 2023. **eBay - Gross merchandising volume on eBay was $73.9 billion, down 15% on 2021 - Revenue pretty flat since 2014 which is a decrease in real terms - Gross merchandising volume on eBay was $73.9 billion, down 15% on 2021 **Etsy - Sales up in 2022 from £2.3 bn to £2.6 bn - The number of users has stayed fairly constant over 2021/22 **TikTok - Sales of $4.4m from a standing start in 2022 - Aiming for $20bn in 2024 **Walmart - Walmart U.S. online sales grew 24%, and global online sales grew 15%. - Revenue grew 5.2% to $160.8 billion. DM me if you want to talk about expanding you busienss through marketplace in the UK and internationally.

"The future of online marketplaces is incredibly promising. Currently, 63% of all e-commerce transactions take place through a marketplace, highlighting the significant role these platforms play in the digital economy. Importantly, these sales are not cannibalizing site sales but are additive. They provide an additional avenue for retailers to reach consumers and can significantly boost overall sales volumes. Take, for example, a small boutique clothing store. Their website might attract a loyal customer base, but by also listing on marketplaces like Amazon or Etsy, they can reach a much larger audience without detracting from their site sales. In fact, it can often drive new customers back to their own website, increasing overall sales. Another exciting development is the rise of cross-border selling. Marketplaces have simplified the process of reaching international customers, opening up entirely new markets for retailers. A UK-based retailer could easily sell to customers in the US, Europe, or Asia, thanks to these platforms. Localization – offering products in the local language, accepting local currencies, and understanding local customs and regulations – is key to tapping into this potential. Let’s consider a US-based electronics company that starts selling on Alibaba. They can now effortlessly reach millions of potential customers in Asia, without the need for physical stores or local distribution networks. This opportunity for global expansion was unthinkable a few decades ago. Online marketplaces are driving a new era of retail, one that is global, inclusive, and customer-centric. They offer unparalleled opportunities for growth, diversification, and innovation. For retailers willing to embrace these platforms, the future looks bright indeed." Insights shared by Chris Timmer, CEO at Linnworks, from our annual #ecommerce round-up, where we asked industry leaders to offer their vision and strategies for 2024 that can propel your #onlinesales. Discover more actionable perspectives by other contributors in the link below. #Entrepreneurship #OnlineBusiness #SalesGrowth