Many attractive survey reports have clearly proved the importance of eCommerce. 230 million people who are the end users are shopping online today. In the US, around 80% of the population visit shopping sites on a daily basis out of which 75% purchase online.
The global ecommerce marketplace sale is expected to hit $4.5 trillion by the end of 2021.
Every eCommerce marketplace is termed on what they sell and to whom they sell. Mainly there are 3 types of multi vendor marketplace.
B2B – also termed as business-to-business where the products are sold to other businesses on a wholesale basis. Eg. Alibaba, Walmart, etc.
B2C – also termed as Business-to-Consumers where the products are sold to the end-users. Eg. Amazon, Flipkart, etc.
C2C – also termed as Customers-to-customers. Here customers can directly sell their product or service to other customers. Eg. Ola, Uber, OLX, etc.
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