What Are Online Marketplaces?
In the late 90s of the 20th century, the development of e-business systems led to the creation of inter-corporate electronic trading platforms and exchanges. A certain prominence was given to the sites that united the giants of the automotive and petrochemical industries to solve problems related to the sale of products and logistics.
The goal of the e-marketplace is to integrate real companies into virtual business communities on a mutually beneficial basis, to create a dynamic information exchange environment and complete transactions in real time. The initiators of e-marketplace creation may be traditional corporations that produce or consume products and services, industry consortiums, service organizations, state or network firms.
List of various types of marketplaces operating worldwide
Nowadays, the marketplace is the place where the offer meets the greatest demand, when compared with the performance of the same activity in social networks of online stores. It’s no wonder that marketplaces are very popular among users. Every day such resources as Yandex.Market, Google Shopping, and others are visited by millions of people. The reason for such popularity is that such services in addition to filtering by characteristics and prices offer a rich base of reviews and ratings of companies. Another important point is pricing. Since hundreds of sellers work in one information space, competition creates favorable offers for buyers. Purchases in offline stores have become not only time consuming, but also not very profitable from the financial point of view.
Summarizing, it is possible to note the following advantages of various types of marketplaces:
- Here the buyer finds a seller on his/her own;
- Information provided to customers is relevant;
- Prices are affordable, and the volumes of trade are very high;
- Businessmen do not need a whole department of employees working on business development online.
These points in many ways characterize Internet commerce in general. In future marketplaces will develop in a similar vein.
Top 25 Solutions for Online Marketplace Development
CS-Cart. This is a professional online store intended to help create a marketplace website. It has a powerful and convenient control panel, high speed of operation, resistance to load and hacking, built-in opportunities for marketing actions, adaptive design and much more.
Screenshot of CS-Cart marketplace website builder
Storbie. This tool allows creating several marketplaces with one center of management.
Screenshot of a marketplace website builder Storbie
MarketplaceInc. It is a platform that consolidates all the main functions that are necessary to create marketplace website.
Screenshot of a multi vendor marketplace MarketplaceInc
Sharetribe. It is a network of online marketplaces where you can exchange goods, services, trips and lodging in a local, trusted environment.
Screenshot of Sharetribe to create marketplace website
PrestaShop. This is a fairly functional content management system for a small online store. It can be installed quickly and easily, in addition, it is also easy to install the necessary complementary modules.
Screenshot of Prestashop to build a marketplace website
Shopify. It is a very popular brand in the field of eCommerce in the West, that allows to easily and quickly build a marketplace website with all the necessary functionality.
Screenshot of Shopify, a marketplace website builder
BigCommerce. This is an online service for online marketplace development that allows you to easily create and configure your own professional online store without knowing and writing code and skills in design.
Screenshot of BigCommerce, which is used for online marketplace development
Arcadier. It is a very convenient and intuitive marketplace website builder for creating trading platforms of any complexity.
Screenshot of Arcadier, a multi vendor eCommerce builder
VirtueMart. VirtueMart is free software and Content Management System for Joomla that allows users to make purchases on the Internet. It is a component for Joomla and it can not be used without this engine.
Screenshot of VirtueMart marketplace website builder
Wave2 Media is a software for creating a multi vendor marketplace and digital advertising platforms.
Screenshot of Wave2, which is used for an online marketplace development
DirectoryPress offers a wide choice of backgrounds for online stores.
Screenshot of Directory Theme for WordPress marketplace development
TalkJS is a built-in messaging system for websites to meet the needs of communicating with customers.
Screenshot of TalkJS, which is used for messaging integrations while online marketplace development
Stripe Connect is an integrated payment system, which is useful in a multi vendor eCommerce development.
Screenshot of Stripe Connect multi vendor marketplace builder
Eventgrid is a tool that allows planning your events and marketing campaigns, such as sales, contests, discounts etc.
Screenshot of Eventgrid, an event registration marketplace builder
NoFraud is a system that protects your marketplace from the fraud in global network.
Screenshot of NoFraud, a marketplace website builder
Spreedly is a tool that allows you to integrate almost all payment systems to your store.
Screenshot of Spreedly, used for secure payment marketplace development
Timekit. This instrument is necessary for service marketplaces as it provides the opportunity to book services and offers.
Screenshot of Timekit, used as online booking marketplace website builder
Imagga is a necessary tool for creating and designing images.
Screenshot of Imagga, image tagging API for online marketplace development
Forest is a database that would manage all your operations and data of a marketplace.
Screenshot of Forest marketplace website builder
IZBERG is a universal instrument for operating marketplace.
Screenshot of Izberg multi vendor marketplace builder
Checkbook allows to send digital checks.
Screenshot of Checkbook for digital checks integration
Wemark provides an opportunity to stay in touch with the customers of a marketplace website and conduct regular campaigns.
Screenshot of Wemark for autopilot marketing campaign integration
Payable is a system for providing payments.
Screenshot of Payable platform used for payments procession
SendBird is a messaging tool to communicate with customers.
Screenshot of SendBird
Shippo is a tool to operate your procurements.
Screenshot of Shippo, a shipping API to build a marketplace website
Do You Need to Create Marketplace Website?
Speaking about Europe, Ukraine is one of the most promising Eastern European countries for the development of marketplaces due to a number of reasons. The main factors here are many high-class IT specialists, profound knowledge of English, close location to any European country, cost effectiveness and the premium quality development, which all together give a lot of opportunities for developing large and dynamic online projects.
Contact our manager right now to start working on online marketplace development in the shortest possible time!
Originally published on Mobilunity Blog