Due to the advent of online shopping platforms, people are moving away from brick-and-mortar stores and moving to online shopping. Ecommerce website will generate over $6.5 trillion in revenue by 2023, representing 22% of all global retail sales.
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Selling on one of the world’s best e-commerce websites will be an excellent choice if you want to improve sales while reducing costs. Sellers can reach more clients in both local and international markets. So, which is the most effective online shopping platform should businesses invest in?
In this post, we take a look at the top ten e-commerce websites around the world.
Amazon:
Anyone can set up a virtual store on Amazon and sell their stuff there. There is no need to develop your own eCommerce website, optimize it for SEO, sell your goods or deal with any of the other problems of owning your own online store. However, Amazon is estimated to process around 5,000,000 transactions each day.
What’s the best thing about selling online on Amazon? You have access to every Amazon customer. It all boils down to what to sell because selling on Amazon is simple. Amazon lets you sell both clothes and books.
Therefore, Amazon has the trust of customers and individuals are not reluctant to buy from Amazon. Amazon might be the most successful online store in history. It’s a stupid choice not to sell stuff on Amazon.
eBay:
eBay is a prominent online shopping platform and one of the world’s best e-shops. Buyers can access the site for free, but sellers must pay to display their items and sell them through a limited number of free auctions.
eBay is an online marketplace where individuals and businesses can trade products and services directly with each other. eBay sellers have six business models: resale, drop shipping, retail arbitrage, liquidation or surplus, wholesale, and deep specialization.
Etsy:
Etsy is similar to Amazon. However, it is focused on more independent sellers providing handmade, antique and “one-of-a-kind” items. It’s a shop where you can find unique things.
Art, bath/beauty products, clothing, jewellery, photography, quilts, toys and other specialty items available. You can also sell arts and crafts materials. In other words, it is for artists who want to make money online from their passions and talents.
Etsy has more than 60 million users and more than 20 million active shoppers as of 2015. How much money did Etsy make at the end of 2014?
The platform earned $1.93 billion in product sales. That’s a significant amount of money for anyone who meets their demographic. Making money online has never been easier. Finally, Etsy makes it easy for people looking to branch out beyond the local craft show.
Alibaba:
Alibaba is a global eCommerce and retail platform that operates in both B2B and B2C sectors. Through the platform, exporters from China and other countries can communicate with clients from more than 200 countries.
Buyers include trading agencies, wholesalers, traders, manufacturers and SMEs involved in import and export. On this platform, merchants can offer various things such as books, jewellery, electronics, fashion, kitchen and much more.
In addition, the organization’s various import and export supply chain services include customs clearance, VAT refund, trade finance and logistics services. Sellers can list their stuff on the site for free.
They can also pay for additional services such as increased site visibility and unlimited product listings. Alibaba is considered one of the top ten eCommerce sites in the world due to its ease of use, excellent policies and extensive product offering.
Creative Market:
Creative Market is one of the few e-commerce websites dedicated to asset designs. WordPress themes, fonts, stock images, design templates and other website design items are available at Creative Markets.
How does it work? You submit your articles through your “store” and Creative Market takes care of the rest. This includes product delivery, payment processing, support and “supported marketing”.
However, Creative Market has no exclusivity obligations, so you can sell the same product on Fiverr, Theme forest, or Envato Studio. It works effectively if you want to sell through many channels. You can also use sales information to create pricing.
Finally, for pre-sale inquiries and assistance, Creative Market provides buyer-seller communication. How much money does Creative Market need? You get to keep 70% of the sale. In other words, if you sell a WordPress theme for $100, you will be left with $70. If they can handle most of the work, it’s not a terrible price.
AliExpress:
AliExpress is an online shopping site that is part of the eCommerce ecosystem of Alibaba Group. Through this global shopping platform, consumers from all over the world can buy directly from Chinese manufacturers and wholesalers.
Customers from Russia, the United States, Spain, Brazil, France and the United Kingdom can now buy from the Chinese company on AliExpress, primarily aimed at international merchants. AliExpress is consistently ranked among the top ten e-commerce sites in the world due to its enormous number of visits.
Like other Alibaba e-commerce sites, this portal makes money by collecting commissions based on the transaction value of items sold. Costs range from 5% to 8% of the transaction value. However, there is a one-time cost of $1,500 plus a trade fee to create or upgrade a company on Aliexpress.
Walmart:
Founded in 1994, Walmart, Inc. operates the official Walmart.com website. Products for sale on the site include books, music, technology and clothing. Walmart.com also provides many services such as cloud computing and internet streaming.
Walmart.com is a top ten e-commerce website in the United States. The website is available in some countries and has more than a million active users.
Walmart is a global retail company headquartered in the United States that operates a chain of hypermarkets, discount department stores, and grocery stores. Sam Walton founded the company in 1962 in Bentonville, Arkansas, and you incorporated it on October 31, 1969.
Rakuten:
The official website of Rakuten, Inc., a Japanese global e-commerce firm, is Rakuten.com. Products for sale on the site include books, music, technology and clothing.
Rakuten.com was the thirteenth largest online store in the world in 2015. The website is available in more than 100 countries and has more than a million active users.
RakutenIchiba is the largest B2B2C eCommerce platform in Japan and one of the top eCommerce sites in the world in terms of revenue. Rakuten is an online marketplace and aggregator for multiple categories with cashback options. Product categories include apparel, technology products, mobile phones, footwear, home decor, and more. smart phones.
Target:
Target is a discount retail company based in Minneapolis, Minnesota that was founded in 1902. Target has 1,834 locations in the United States, including 394 full-service brick-and-mortar stores.
Target’s extensive store network and online presence offer shoppers a diverse selection of items at affordable prices while maintaining convenience.
JD.com:
JD.com is a Chinese online store that sells a wide variety of things such as books, jewelry, electronics, clothing, food, and many other items.
The company is based in Beijing, China. It is among the top 10 online marketplaces in China and its neighbors. The company’s global reach and user base are in the millions.
The company combines its business approach with direct sales to ensure it can maintain strict quality control.
It has complete control over the supply chain, with the marketplace limiting the number of merchants. This is used with a number of monitoring approaches to detect suspect products or vendors.
Livre Mercado:
This platform is the most extensive online buying and selling platform in Brazil. Buyers and sellers can share information and conduct e-commerce transactions in person. It also allows sellers to list cars, properties and services in a separate online classifieds section.
Mercado Libre has created a global sales program that allows American merchants to advertise their goods in Latin America and work with foreign sellers.
International merchants can use one account to sell items in Mexico, Brazil, Colombia, and Chile. The ability to post and receive orders in USD without taking into account changes in the local currency is a significant advantage of this service for retailers.
Conclusion:
There are several ways to make money online these days. The main difference between successful entrepreneurs and others is that they do things. All of the eCommerce websites I have listed are easy to set up.
They do all the ground work and give you access to millions of potential consumers, especially in this day and age where we can communicate with individuals all over the world. You would be foolish not to try out an internet business or have great online business ideas. Start making money online with the options below!
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