eCommerce Marketplace Development Services

There are three leading roles in digital marketplaces:
- Admin(s) – this is the representative of the marketplace owner, who manages & monitors the processes on the platform. They also regulate the relationship between seller and customers and are responsible for transactions (in some cases not), and make critical decisions in the development of the site
- Sellers (or vendors) – supply their goods and services to the marketplace
- Customers – customers who make purchases through the marketplace
Customers place an order through the sellers and the marketplace itself, which can even be directly sent to the internal delivery service. Sometimes the seller may be responsible for shipping, and then they do it themselves.
Sellers have a profit from selling their goods and services, while the administrator's profit depends on the size of the fee/commission, which can sometimes get up to 25%.

A marketplace is a place that benefits all parties involved in it. The marketplace owner is not the seller of the products found there; he is only responsible for the site's appearance performance, and customer experience and is often in charge of the transactions. When a customer, after browsing through all the options and comparing prices, purchases in item or a service, the seller processes and completes that order. Sellers have an additional channel for sales, and for that, they give to the website a commission on each sale.

Today most world-renowned marketplaces provide multi-lingual services, international shipping, and many different products. The most prominent representatives of these are:
- Aliexpress – Chinese Marketplace offers delivery to more than 200 countries at wholesale prices
- Amazon – offers its assortment but allows other sellers to provide their services. Amazon has more than 1.9 million sellers on the platform
- eBay – not only allows companies to offer their products and services, but also allows buyers to buy from each other

A peer-to-peer marketplace is a place that links people who own a product or offer a service to people who want to purchase or rent it. Airbnb is a prime example.
The website's role is to assist these two sets of people in helping them find each other. The site also handles payments and helps build trust between the parties.
Peer-to-peer marketplaces don't need to own or provide any of the products or services offered on their platforms. This makes them relatively inexpensive to run.
In addition to Airbnb, prominent examples include Etsy, the merchandise site, and Uber, the ride-hailing app. Nearly any good or service can be sold through a P2P platform.

Today, there are certain niches that have excellent prospects with the development of e-commerce on digital trading platforms. In particular, we can highlight the following:
- E-learning – the popularity of e-learning has grown more than ever since 2020. However, if you think its relevance will also diminish with the end of the coronavirus, you're wrong. E-learning is an exceptional opportunity to learn something you don't have access to physicians. For example, you want to take a course in tarot reading, but there are no such classes in your city, or they are available, but you doubt their professionalism. E-learning is access to international talent;
- Retail – retail is leading the way in e-commerce, and marketplaces are exquisite outlets for large and small retailers. For example, you sell a variety of knick-knacks and accessories, but creating your online store for it is not cost-effective, and it is not reasonable to rent a space for that either – the trading platform is your ideal option;
- Food delivery – the market for online food delivery is forecast to reach a staggering $200 billion in revenue by 2025, with many more surprises ahead. Today, thousands of fast-food restaurants and casual establishments offer food delivery, and the trend isn't about to go away.

Digital Marketplace Development Company provides services, comprehensive support, and professional assistance in developing your marketplace. Marketplace project development includes the following processes:
- Development of critical functions
- Scaling
- The value-for-money ratio
- Maintainability
- Sustainability
- SEO Promotion
Taking care of online marketplace development process, and so on.

There are several ways marketplaces make money:
- Commissions – the Marketplace gets a percentage of every transaction within its walls. Payment can be charged from both the seller and the buyer;
Subscriptions – The Marketplace charges the user for using the platform. Subscription fees may vary, but the most important thing is to offer the best value proposition to various buyers and sellers;
- Pay per Lead – Sellers pay you for every lead that happens. This can be as an email, call, website visit, and more;
- Listing fees – this collection method involves monetizing from the publication of new provider lists. These can be specific categories of lists, and the percentage of payment can vary.