A marketplace is a platform that brings buyers and sellers or vendors together in one location. Only the shop owner and customers exist in traditional eCommerce stores.
However, there are a few other entities in an online market:
- Owners of marketplaces Vendors/Suppliers (in case of B2B)
- Customers
- Manager of logistics and warehouse (In case of Big marketplaces)
- shipping company
- There are further ones, such as conflict manager (in case of refund and returns).
How do you set up an online market?
You might think that โbuilding an online marketplace is not an easy process right? โ in light of the prior debate. Actually not at all.
