Online Marketplace Businesses: Key Benefits to Starting One

According to Statista, in 2017 e-commerce sales worldwide amounted to $2.3 trillion. And this number is expected to grow in the coming years. This indicates that consumers and businesses have both moved their interactions online.

SOURCE: STATISTA.COM
Marketplaces are what make these interactions possible. In recent years, their number has increased. These newcomers are functioning alongside such giants as eBay, OpenTable, Uber, Airbnb, and Amazon. According to a research by Internet Retailer, 35 of the current top 75 online marketplaces launched between 2010 and 2015, including physical stores that went online. In this article, we outline how to start an online marketplace business and talk about their key benefits. But first let’s answer the question: What is a marketplace?

SOURCE: DIGITALCOMMERCE360.COM
In this article, we outline how to start an online marketplace business and talk about their key benefits. But first let’s answer the question: What is a marketplace website?

What is a marketplace?
An online marketplace, or an e-marketplace, is a website or app that serves as a mediator between customers and companies or individuals offering products or services in the B2B and B2C sectors. Marketplace owners usually don’t offer any products or services themselves. Their task is to provide a platform where marketplace participants interact.

There are four main types of e-marketplaces:

Vertical marketplaces offer products of the same type from different vendors.
Horizontal marketplaces offer different products that have similar characteristics.
Global marketplaces have no limitations and sell all kinds of products from different suppliers.
Hybrid marketplaces offer their own products as well as products from other companies while providing a platform for participants to complete transactions.
Internet Retailer analyzed the top 75 online marketplaces worldwide as of 2017 and came up with the following statistics:

SOURCE: DDIGITALCOMMERCE360.COM Top benefits of marketplace businesses
Considering marketplace growth and areas yet untapped by this technology, business owners can leverage the marketplace business model and build their own unique solutions. Below are some key benefits of running your own marketplace.

Efficiency
The cost of releasing a marketplace application is almost the same as the cost of launching an e-commerce website. Although the logic behind an e-marketplace is rather complex, its functionality can cater to the specific needs of many different vendors.

8 Tips on Home Storage and Organizing Solutions for Fall from Stacks & Stacks Homewares

As fall days get shorter, leaves put on a glorious show, mornings need sweaters, and our homes and closets practically call out be organized and made cozy for winter.

Somehow, finding home storage solutions and getting organized helps us deal with the transitions in our lives, and Fall’s a great time to cut down on clutter, spruce up your home for winter, and break out the slow cooker for stews.

There’s no one “right” way to get organized, says Stacks & Stacks organizer Harriet Schechter, author of ‘Let Go of Clutter’. “You have to do what works for you. It’s important to come up with a reasonable way of being organized so you and your family can actually find things. I recommend cleaning out first and then getting the storage boxes, containers, shelving units, tools and other storage solutions that will help you stay organized.”

Here are eight home storage solutions and winterization tips from Stacks & StacksHomewares to help you find the best organizational tools and products to get your home in shape.

- Containerize. Stackable containers, storage cabinets, and shelving units are great organizing solutions for the limited space most of us deal with. (So is throwing stuff out, by the way.)
- Get ready for entertaining at home. As the landscape changes, it’s fun to create new spots in your home where friends and family can gather. Think about adding this retro table and chairs, for example.
- Prepare for at-home sports or movie nights. An old-fashioned popcorn machine on the entertainment console means not missing a minute of the show.
- Get cozy. Stock up on with warm throws for nights with a chill in the air.
- Make sure windows and doors are well-sealed so cold air won’t leak in.
- Winterize your garden. Cut back shrubbery, repair hoses and sprinklers and organize your garden tools so you can find them in spring.
- Change the filters in your furnace. Regular maintenance now can save you a bundle for a full-fledged breakdown or repair during the winter.
- Get ready for holiday travel. Holidays are just around the corner, and now’s a great time to update your luggage, organize your car’s trunk (yes, really, some people are that organized!) and get ready to scrape ice off the windshield with the aid of this nifty heated ice scraper.

You can find lots more ways to get organized, cozy, and winterized in the new Stacks & Stacks Fall Living Guide

Core Facts
1. 8 tips on home storage and organizing solutions for Fall from Stacks & Stacks Homewares
2. Home storage solution: containerize with stackable containers, storage cabinets and shelving units to make the most of limited space. (Getting rid of stuff is a great solution too, by the way.)
3. Get ready for holiday travel. Holidays are just around the corner, and now is a great time to update your luggage, organize your car’s trunk (yes, really, some people are that organized!) and get ready to scrape ice off the windshield.

Stacks and Stacks has been a leader and pioneer in offering products to organize and furnish homes, offices, and gardens since 1984. For over 26 years we have searched for, and then tested products to find the best quality at the best prices. We now offer over 40,000 items on our site, with over 30,000 of them shipping for free.

Website: http://www.stacksandstacks.com

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