Which are the best online marketplaces for selling your products globally?

Posted on 09 February by Simon Gomez in Online marketplaces


Online marketplaces continue to grow at an extraordinary pace and lead the world in online spending. According to Digital Commerce 360, 62.5% of the world’s online spending came through online marketplaces. So, if you are a seller, this is the best time to start selling at these places. Why? As stated by Statista, 47% of digital purchases worldwide happened via online marketplace platforms.    

Before we dive into the best marketplaces to sell your products, these are some of the things to consider before you choose an online marketplace. The first thing is the fees you got to pay the marketplace every time you make a sale. Make sure you can afford them. The second point is the audience. The marketplace you pick must have a lot of people. Bear in mind that might come to haunt you because that means a lot of competitors. The last one is the capacity to sell internationally. Look for marketplaces that have features for international shipping and carriers. 

1- Amazon 

The United States-based company is the third-largest online marketplace in the world. Research by Statista confirmed this ranking. The advantages of selling here are the number of buyers they have and the shipping infrastructure (ships to more than 100 countries).  

Amazon has the Fulfillment by Amazon (FBA), where they store your products, and they pick, pack, ship, and provide customer service for these products. 

2- Mercado Libre 

If you are interested in selling in Latin America, Mercado Libre is the marketplace you must choose. Why? Because they have 650 million visitors per month (Brazil, Mexico, and Argentina make up 80%). Also, Latin America had the fastest retail eCommerce growth worldwide with 36.7%, according to eMarketer  

 

Source: eMarketer 

Similar to FBA, Mercado Libre has its own program called Mercado Libre Global Selling Program. You only have to ship their products to Mercado Libre’s warehouse, and they take care of everything else (storage and preparation to shipping on the same or the next day). 

3- Bol 

Bol is the biggest online marketplace in the Netherlands and Belgium. The advantages of selling on Bol? More than 10 million customers buy via their site, and about 3 million people visit the website every day.  

With Bol, you only pay when you sell a product, and they offer a logistics solution like Amazon and Mercado Libre. They handle the storage, shipping, and handling of returns of your products. 

4- Zalando 

This German online marketplace has a presence in 23 markets across Europe. The majority of their products are in the fashion category. Zalando has its fulfillment program called Zalando Fulfillment Solutions (ZFS).   

The ZFS consists of many warehouse locations and helps you reduce costs and help you deal with international orders. Zalando takes care of the entire process, from purchase to delivering the product to the customer.

5- eBay 

eBay is the second-largest online marketplace in the US behind Amazon. On this site, you can sell used products. But eBay is known for its auction-style model. That created a niche category, and that is why many people go to eBay to shop. Unlike other online marketplaces, eBay does not have fulfillment centers, but they have one of the lowest fees compared to other international marketplaces. 

Conclusion 

Selling in online marketplaces brings many advantages for you as a seller, but you will face fierce competition. But you cannot offer your product on every marketplace there is. You need to analyze and decide which is the best for your company. PriceTweakers offers you the best tool to sell on online marketplaces. We have the Bol Repricer, and with this tool, you can monitor the prices of your competitors and modify the prices of your products. Also, the program helps you win the Buy Box. Why choose our repricer? Because we are the only Bol repricer to be featured on the Bol Partner Platform.


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Posted on 09 February by Simon Gomez in Online marketplaces