An online marketplace (or online e-business marketplace) is a kind of e-trade website where item and stock data is given by numerous outsiders, while transactions are prepared by the marketplace administrator. Online marketplaces are the essential sort of multichannel ecommerce.
The online marketplace is essentially a spot (for our situation a site) where you can discover items originating from various merchants, would they be brands, shops or persons, in the same stage. The marketplace holder is in charge of drawing in client and staying informed regarding cash transactions, while the outsider merchant is managing assembling and transportation. Along these lines, the marketplace abstains from holding stocks, and the producer offers straightforwardly his own particular items. This sort of production network administration is typically called drop shipping.
Regarding income, the marketplace takes a rate of offers on any item sold on its stage. There are different sorts of online marketplaces:
C-to-C (Customer to Customer) marketplaces are centered around building groups on purchasers and merchants
B-to-B-to-C (Business to Business to Customer) offer a typical offering stage for smaller business to offer their merchandise