Benefits of E-marketplaces in Qatar

  • By Market Hub
  • •  Dec 09, 2018

Benefits of E-marketplaces

The advantages one gets in joining an E-marketplace, is it acts as Mediator between industries and businesses, and indeed between buyers and sellers. E-Marketplace owners usually don't offer any products or serives to themselves as they provide only the Platform. Some of the benefits are summarised below.

General business benefits

  • E-Marketplace is where Third party marketplaces sellers can do business. Amazon and eBay are popular examples of E-marketplaces. Also known as E-Business marketplaces, such sites may feature individual traders, large-scale manufacturers of goods, or anything in between.
  • Selling on E-marketplaces can do away with the requirement of having a dedicated website, hosting, technology, payment gateway, accounting software, and other necessities for selling online.
  • E-marketplaces can provide greater transparency in the purchasing process since availability, prices etc are all accessible in an open environment.
  • Time constraints and different office working hours for international trade are removed as it is possible to operate round-the-clock 24/7 .

Benefits for the buyer

  • Updated information on price and availability makes it easier to secure the best deal.
  • E-marketplaces offer a convenient way to compare prices and products from a single source rather than spending time contacting each individual supplier.
  • Established e-marketplaces provide a level of trust for the buyer as they are dealing exclusively with suppliers who are members.

Benefits for the seller

  • Regular requests for quotations from both new and current customers are possible.
  • It provides an additional sales channel to market and sell products.
  • E-marketplaces can offer reduced marketing costs when compared with other sales channels.
  • The use of international e-marketplaces can provide opportunities for overseas sales that you would not otherwise be aware of.

1 Comment

Market Place is indeed a very good platform for Buyers and Sellers. Awaiting for full launch in Qatar

By: Farhana
Sep 18, 2018   Reply

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