Small business owners and entrepreneurs are faced with the question of whether or not to sell their products on ”online marketplaces”, given the rapid growth of online sites and sales in recent years.
Today, there are hundreds of “best” sites to sell online one may come across when running an online business with some catering to specific niches like ICT technology and gaming, while others offer a more diverse range of products such as clothing, books, and furniture. The decision of which platform to use can be overwhelming, but careful research and consideration can help ”business owners” make an informed decision.
While there are advantages to selling on online marketplaces, it’s crucial to take commissions and transaction costs into account when choosing the ideal platform for you.
This tutorial will explain some of the top websites for selling online, the advantages of opening your own online shop, and how utilizing both may help you attract new consumers and increase your online sales.
”Top 10 US Online Selling Sites and Marketplaces”
1. Amazon
As the demand and growth of ”online selling sites” increase, it obvious to see Amazon on the list of the largest online marketplaces in the world, they allow individuals and businesses to sell a wide variety of products online.
How has Amazon become the best online selling site?
Most people have come to trust ”Amazon” and the things they buy on its marketplace. Amazon is known to vet sellers and remove fake products. It also delivers items in as little as one day (in some areas) through Amazon Prime. And it has great prices and deals that people really love, which is why they continue to do their online shopping there
Depending on your plan, product category, fulfillment method, and other factors, the cost to sell on Amazon will vary. A Professional seller plan will cost you a minimum of $39.98 each month (plus the additional selling fees mentioned above). If you wish to sell more than 40 units per month, promote your items, be eligible for top placement on product detail pages, and require sophisticated selling tools like APIs and reporting, this plan is a smart choice.
Overall, if you want to sell products online and reach a large, international customer base, Amazon is the greatest option.
2. eBay
A popular online auction and shopping site, eBay allows users to buy and sell new and used items. On eBay, you can sell anything from commonplace products like shoes and watches to unusual items like pillows smelled like popcorn, air cans, and vintage 70s hand chairs (yep, that’s a product category). You’ll be astounded to see what sort of items sell when you look through the what’s sold told.
“Consider eBay’s selling fees when planning to sell on the platform. Each product has a non-refundable listing fee, as well as an additional fee for listing in multiple categories. eBay also charges a final value fee, calculated as a percentage of the total transaction price including shipping and handling (usually between 10% and 12%).
Despite these fees, eBay remains a top choice for online sellers due to its fast and easy process, large customer base, and potential as an additional sales channel for your website, similar to Amazon.”
3.Walmart
While primarily known as a brick and mortar retailer, Walmart also has a strong online presence and allows third-party sellers to list their products on its website.
Walmart is an American multinational retailer that operates a chain of hypermarkets, discount department stores, and grocery stores. It was founded by Sam Walton in 1962 and is headquartered in Bentonville, Arkansas. Walmart is the world’s largest company by revenue, as well as the largest private employer in the world with over 2.2 million employees.
In addition to its physical stores, Walmart also has a strong online presence, allowing customers to shop and purchase products through its website and app.
It also allows third-party sellers to list their products on its platform, similar to Amazon. ”Walmart” offers a wide range of products, including groceries, electronics, home goods, and clothing. It is known for its low prices and focus on providing value to its customers.
4.Etsy
A marketplace specifically for handmade and vintage items, Etsy is popular among small businesses and creative entrepreneurs. Etsy charges a $0.20 listing fee for every item you sell on the platform. Your listings will expire every four months, and you will be charged an additional $0.20 to renew them if they do not sell.
In addition to the listing fee, a transaction fee of 5% of the display price will be applied to each sale, as well as any shipping and gift-wrapping costs. Etsy might be a fantastic place to sell your items if you’re new to [online selling platforms]. A pop-up storefront, an active buyer network, and tools to promote your company on the platform will all be made available to you.
5.Best Buy
A consumer electronics retailer, Best Buy allows third-party sellers to list their products on its website.The company was founded in 1966 and has since become one of the largest retailers of electronics and home appliances in the world.
”Best Buy” offers a wide range of products including laptops, tablets, smartphones, TVs, home theater systems, and more. In addition to its brick and mortar stores, ”Best Buy” also operates an online store and allows third-party sellers to list their products on its website.
The company is known for its knowledgeable sales staff and its price-matching policy, which allows customers to purchase products at the lowest price available.
6.Handshake- online selling sites and marketplace
Looking for a wholesale marketplace to help you connect with suppliers and merchants? Handshake is here to help. With categories like fitness and yoga, jewelry, pets, and food and beverage, you’ll find a wide range of non-mass-produced goods to sell. The Handshake team carefully selects each supplier, making it easy to find unique products in large quantities. Whether you own a physical store or an online retailer, ”Handshake” is a great resource for wholesale purchases.
Plus, if you’re a wholesale creator, you can use Handshake’s integration with Shopify to manage inventory, track sales, and fulfill orders all in one place, without the need for regular updates or excessive CSV uploads and excel sheets. If you’re interested in selling on Handshake, be sure to apply today.
7.Bonanza
Looking for a new online marketplace to sell your products? Bonanza may be the perfect platform for you. Located in Seattle, Washington, this rapidly growing marketplace allows you to sell a wide range of items and is gaining popularity as an alternative to eBay. With over 5.1 million monthly visits to the website, according to Similar-Web, ”Bonanza” is a great option for both unique and handmade products.
If you want to sell popular items like the latest Nike Air Max model or a one-of-a-kind handmade copper necklace, Bonanza has active customers for both. Customers can add items to their carts for a predetermined price or make you a counteroffer. Consider giving Bonanza a try as a compromise between the ”top marketplaces”, Amazon and eBay.
8.Ruby Lane
“Ruby Lane is an online marketplace for vintage and antique items that is quickly gaining popularity among sellers. According to a 2019 Ecommerce-Bytes poll, Ruby Lane was ranked as the top online store to sell on. If you specialize in categories such as dolls, jewelry, vintage and art, antiques and collectibles, you can reach a niche market of customers through Ruby Lane. Setting up and listing your products is free, but there is a monthly maintenance fee of $53 for up to 50 items.
The cost may vary based on the number of items you list. Additionally, Ruby Lane charges a service fee of 6.7% of the total purchase order, with a maximum fee of $260.”
9.Chairish
Looking for top-quality home furnishings and decor? Chairish is the perfect online consignment store for you! The free listing process only takes a few minutes and, depending on your seller plan, you can earn between 70% and 80% of the sale price.
Chairish is completely free, except for its Elite plan, which costs $149 a month. The curatorial staff at Chairish will review your items to ensure they meet the marketplace’s criteria and even provide live product images for you.
Plus, you don’t have to worry about logistics because ”Chairish” manages the shipment process for you. Don’t miss out on this convenient and hassle-free way to sell your home decor and furnishings.
10.Wayfair Marketplace
An online retailer specializing in home goods, Wayfair allows third-party sellers to list their products on its website. ”Wayfair” is an online retailer that specializes in ”home goods”. It offers a wide variety of products, including furniture, home decor, bedding, appliances, and more. Wayfair allows third-party sellers to list their products on its website, making it a popular marketplace for small businesses and entrepreneurs.
The company was founded in 2002 and is based in Boston, Massachusetts. Wayfair has a strong presence in the United States and also operates in ”Canada”, ”Germany”, and the ”United Kingdom”. It is known for its competitive prices and excellent customer service.
“Exploring the Top Online Selling Platforms for Your E-Commerce Business” 2023
As an online business owner, it’s important to research and consider different online selling platforms for your dropshipping or custom goods business. These platforms can offer promotional opportunities and access to a targeted customer base to help your new venture succeed. However, it’s crucial not to rely solely on online marketplaces.
By establishing your own online store, you can avoid paying commissions and fees to individual marketplaces, and focus on growing your brand and engaging with customers. Remember, your own website is the best place to sell on the internet.
