In the present age and time, doing business is a tricky activity. Whether you sell offline or online, there are certain basic principles which you must adhere to. A fundamental principle of running a profitable business is to keep a balance on sale prices with respect to demand and supply. Continue reading “Bullying Tactics and Price Gouging”
The most innovative marketplaces don’t simply replace contemporary models with usual technological features. Instead, they make new unique types of products and services available to their users. The best situation is when the supplier already has the products/services and is willing to convert them into revenue with a handsome profit margin. Continue reading “Peddlo: A True Hybrid Global Marketplace”
Selling or buying on an online marketplace should be a very pleasant and a peaceful experience. In practice, with almost all famous marketplaces sometimes this is not the case. There are various scenarios and incidents described by buyers or sellers who are using these online marketplaces.
Online shopping is an extremely convenient and time-saving aspect of modern life. Nowadays, you can buy or sell anything online. There are numerous online stores and online marketplaces presenting a variety of products for sale.
B2C, B2B, C2C & C2B is puzzling jargon in the world of ecommerce. Famous ecommerce platforms, like Alibaba, Amazon etc. have developed separate platforms to deal with business to customer (B2C) and business to business (B2B) categories of users. On the other hand, platforms like eBay, Etsy, Craigslist etc. are examples of customer to customer (C2C) and customer to business (C2B) business models. Many other ecommerce platforms can be cited which would fall under one or more of these headings.
There are several online marketplaces which offer numerous benefits and selling tools to sellers in return for monthly fees. Some marketplaces are very popular like Amazon, eBay, Alibaba etc. and others are not very famous. From a seller’s perspective, a good marketplace is one which offers the best online selling tools with the lowest costs to sell their products. As a marketplace grows outwardly by gaining more and more sellers and buyers, naturally it offers more tools for sellers to facilitate the sale of their products and for buyers it introduces more offers and buying programmes. All these are offered at a cost to the marketplace which it recoups from the monthly fees from sellers as well as sales commissions. A time comes when a marketplace is grabbing nearly 40-60% of the revenue under the heading of different costs such as monthly fees, advertisement costs and others.
Behind every success story there is a great deal of effort and endurance. Being your own boss in the real sense is only possible in your own business. Not everyone is born with a silver spoon in their mouth. These are a few realities of life. In the old days, street hawkers would sell their goods on the streets. As time passed on, businesses evolved as owners became cleverer and sharper in the ever-evolving business environment.
All online sellers dream of huge growth of their online businesses with low competition to face and a handsome profit margin. This whole paradigm of selling goods online sounds like a very interesting business model. But there are many hidden pitfalls which many sellers overlook.
The first and most important decision to sell products online is to choose a suitable medium to offer and sell products online. A seller can launch their own website or they can choose to sell via an online marketplace website. There are pros and cons attached to both of these options.
It is quite natural when we see a new business that there are many questions in our mind to know more about it. Here are some common questions visitors to Peddlo marketplace ask us.
There are many online marketplaces that offer their sellers the opportunity to list their products in their global network of marketplaces in different geographical regions. But there comes a catch! This catch is in the form of paying an extra monthly fee or a charge on each new listing added to any other geographical region of the marketplace platform.