Online marketplace

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An online marketplace (or online e-commerce marketplace) is a type of e-commerce site where product and inventory information is provided by multiple third parties, whereas transactions are processed by the marketplace operator. Online marketplaces are the primary type of multichannel ecommerce.

In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers (often called drop shipping).

In general, because marketplaces aggregate products from a wide array of providers, selection is usually more wide, availability is higher, and prices are more competitive than in vendor-specific online retail stores.[citation needed]

Examples of online marketplaces are Amazon.com, etsy, eBay, Snapdeal, Flipkart, and Rakuten.

Online marketplaces for services and outsourcing[edit]

There are online marketplaces for the online outsourcing of services like f.e. IT services[1] like search engine optimization or crowdsourcing or skilled crafts and trades.[2]

See also[edit]

References[edit]

  1. ^ "Leveraging offshore IT outsourcing by SMEs through online marketplaces". U.L. Radkevitch, E. Van Heck, O. Koppius, University Rotterdam, Journal of Information Technology Case and Application, Vol. 8, No. 3, Date posted: August 23, 2006 ; Last revised: November 24, 2013
  2. ^ Head and Hands in the Cloud: Cooperative Models for Global Trade to be Murray, Kevin, RMIT University, Melbourne, Australia, 2013