In the age of digital sales, online marketplace platforms—Amazon, eBay, Walmart, etc.—have disrupted what it means to start a business. Now there are 2.14 billion people worldwide purchasing goods digitally from e-commerce sites, as these online shopping marketplaces offer convenience, competitive pricing, and a variety of products and services to choose from.
There’s no denying that online marketplaces are becoming the favorite destination for online shoppers, whether they’re browsing from Canada or Japan. An impressive 63% of online shoppers go to Amazon to start searching for products.
By 2023, eCommerce sales are expected to account for 22% of retail sales worldwide. How can you use this growth to your advantage? In this guide, we’ll provide insights into online marketplace platforms so that you can leverage these opportunities wisely.
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