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The obvious benefit of expanding to top online marketplaces is the potential to make more sales and increase your sales revenue. Each marketplace has its own audience, and with niche marketplaces (for instance, Reverb, a niche online selling platform for music instruments), you can approach the right customers.

Each online selling platform comes with its own fee structure as well. For example, Etsy takes a 6.5% commission fee, while the commission from eBay ranges from 2.35% to 12.9% plus $0.3 per order. Hence, it’s essential to compare each marketplace’s selling fees and payment systems to find the best fit for your store. In a sales context, understanding eCommerce fraud is also essential. You don’t want your bottom line to be hurt by common payment card scams and chargeback issues, so consider the security of any platform you pick for this reason.

Read more: https://litcommerce.com/blog/top-marketplaces-for-selling-products/