Whitepaper Overview

The use of marketplace technology can go beyond the typical "many-to-many" marketplaces. You can create a direct-to-consumer (D2C) business, leverage marketplaces for procurement processes, or communicate with resellers more effectively. The key to successfully commercializing your services is choosing a marketplace business approach that meets your specific business requirements.

There are several marketplace business model examples, such as Standalone Marketplace, Marketplace Extension, Indirect Sales Solution, Sourcing Platform, Auction Platform, and Multi-Brand Store which will all be covered in this whitepaper.

IN THIS WHITEPAPER YOU WILL LEARN:

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Standalone Marketplace

Marketplace Extension

Indirect Sales Solution

Sourcing Platform

Auction Platform

Multi-Brand Store

Who should read this whitepaper:

Business Executives

CIOs

Businesses building a digital presence

CEOs

Get a preview of the whitepaper below

The Potential of Marketplaces

Digital marketplaces are where buyers and sellers converge in a regulated and exclusive setting. In most cases, marketplace operators don’t keep any form of inventory on hand; instead, they help buyers and sellers complete transactions.Marketplaces have the potential to become one of the most efficient ways for large enterprises to conduct international business

Marketplace sales now make up 62% of all online retail transactions worldwide. On the top 100 markets in the world, $2.67 trillion was spent just in 2020.

— Digital Commerce 360

The B2B sector has tremendous development potential for businesses to scale more quickly while taking on less risk. According to Gartner, by 2023, 15% of companies with medium to high gross merchandise value will have established their marketplaces, thus developing an entirely new digital ecosystem.

Definition

The Potential of Marketplaces

Marketplaces have the potential to revolutionize the way goods and services are bought and sold. They lead to lower prices for buyers and higher profits for sellers. Additionally, marketplaces can offer a wider selection of goods and services than traditional brick-and-mortar stores, and they can harness the power of data and technology to provide personalized recommendations, improve search and discovery, and facilitate efficient transactions.

Download the Whitepaper to learn more today.

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