eCommerce marketplaces serve as another platform in which you can sell the exact same products that are on your website. This means generating streams of sales from multiple sources. Now, who doesn’t want that? Yes, you have to dedicate twice the amount if time and effort to managing these marketplaces but you will not be spending the same amount of money as you are managing your own eCommerce platform. Set the time to plan this venture out and see the results in a matter of months.
As I mentioned before, these marketplaces can potentially be extra streams of sales. But the road to making these sales worth in and seeing your ROI on these marketplaces does take time. For example, customers shopping an Amazon tend to look into the reviews each product has to determine if the product is worth it or not. If you are new to the Amazon marketplace you will have no reviews and no questions answered. It will take a few weeks for you to get good reviews and stars added to your company or product profile. In addition, most marketplaces require sellers to pay a fee for service. This fee differs from marketplace to marketplace but it is something to consider when starting your marketplace venture.