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What Is Online Marketplace?

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By Author: Subho Chowdhry
Total Articles: 457
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A marketplace is a platform that allows buyers and sellers to exchange goods and services. An online marketplace is a digital platform that connects buyers and sellers to exchange goods and services over the internet.
There are several types of e-marketplaces, including:
Consumer-to-Consumer (C2C) - C2C stands for Consumer-to-Consumer. It refers to an online marketplace where individuals buy and sell goods and services to each other, without the involvement of a business. Examples of C2C marketplaces include eBay, Craigslist, and Facebook Marketplace.
Business-to-Consumer (B2C) - B2C stands for Business-to-Consumer. It refers to an online marketplace where businesses sell their products or services directly to consumers. Examples of B2C marketplaces include Amazon, Walmart, and Alibaba.
Business-to-Business (B2B) - B2B stands for Business-to-Business. It refers to an online marketplace where businesses sell products or services to other businesses. B2B e-marketplaces serve as a platform for companies to trade goods and services with each other on a large scale. Examples of B2B marketplaces include Alibaba, ...
... ThomasNet, and Global Sources.
Consumer-to-Business (C2B) - C2B stands for Consumer-to-Business. It refers to an online marketplace where consumers offer their products or services to businesses for a fee. The businesses can then choose to purchase or license these products or services. This type of marketplace is less common than the other types, but examples include freelancer platforms like Upwork and Fiverr.
Government-to-Business (G2B) - G2B stands for Government-to-Business. It refers to an online marketplace where government agencies buy goods and services from businesses. This type of marketplace can streamline procurement processes for government agencies and increase transparency and efficiency in government procurement. Examples of G2B marketplaces include FedBizOpps in the US and Tenders Electronic Daily in the European Union.
Business-to-Government (B2G) - B2G stands for Business-to-Government. It refers to an online marketplace where businesses sell their products or services to government agencies. This type of marketplace can provide businesses with opportunities to sell to large government customers and improve the efficiency and transparency of government procurement processes.

The main elements of an online marketplace are:
User registration and login
Product or service listings
Search and filtering functionality
Shopping cart and checkout
Payment processing
Order management
Review and ratings system
Customer service and support
Marketing and advertising tools
Analytics and data reporting.

More About the Author

Ambit Technologies (P) Ltd. is a front-line full spectrum web and mobile development company providing result-oriented cost-effective solutions to enterprises - big, medium and small - spread across the world. It is also a reputed IT outsourcing solution provider having catered to customers spread across 78 countries of the world. Ambit Technologies (P) Ltd. strives to keep abreast of the latest of technologies and bring in innovative ideas constantly in the projects it undertakes.

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