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fared20
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fared20Begginer
Asked: February 9, 20222022-02-09T17:22:22+00:00 2022-02-09T17:22:22+00:00In: E-commerce

What is an e-commerce marketplace?

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Are E-commerce marketplaces the same as e-commerce stores? Someone explain to me like a 3-year-old. Thanks

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  1. Dedeva63
    Dedeva63 Teacher
    2022-02-10T14:05:41+00:00Added an answer on February 10, 2022 at 2:05 pm

    An e-commerce marketplace refers to a platform that allows multiple users to sell products through one storefront. Ecommerce marketplaces are homes to many stores, and outlets, just like a mall. E-commerce marketplaces are more patronized now than ever, considering that most people prefer to buy their things online. E-commerce marketplaces offer many benefits to sellers, one of which is having your products readily available. There are many online marketplaces where people can sell their products, each uniquely different. What marketplace you choose ultimately depends on the features you need, the products you want to sell, and your budget. There is hardly anything one cannot sell on an e-commerce marketplace, from simple household appliances to complex factory gadgets.
    Furthermore, if you’re looking to sell products online via these stores, you don’t have to stick to one product. You can discover hundreds of highly-demanded products to sell to your target audience. E-commerce platforms are a lifesaver for merchants who want to open an online store either from scratch or add to a physical store.

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