Fundamentals of Online Marketplace App Development

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You must be already aware of the fact that online shopping has entered a cloud-nine stage! In its entire history, it is probably the most relevant and necessary thing today as the coronavirus pandemic made it entirely inevitable. Companies like Amazon and eBay have reared their ugly head and today act as the major examples of ramparts of online shopping. They also serve as an inspiration for anyone looking forward to basking in the glory of the online shopping wave. And when it comes to harnessing its potential at best, what could be a better tool than a marketplace application development?


Defining Marketplace App


A marketplace app basically acts as an online extension to an original conventional marketplace. Users may take advantage of it by availing the listing and payment features of the app so as to enable smooth and easy  exchange of goods. 


In general, the items are either made available for pickup or delivered straight to the doorstep of the customer. Although, as there are different types of marketplaces apps today, this process is just a general overview. However, almost any kind of transaction could very well fall under the all-encompassing category of such types of apps. 


Note that an app marketplace should not be confused with marketplace apps. App marketplace, in general, is a platform listing the apps as the goods themselves. 


Types of Marketplace Apps 


Almost any kind of eCommerce app or platform targeting eCommerce business can be regarded as a marketplace app. The three prime forms of transactions - B2C, B2B, and C2C, fall under this category as well. 


Just like e-marketplaces sell wide-ranging or specialized products that could either be categorized as horizontal or vertical, respectively; In the same manner marketplace apps can also focus on catering more to either suppliers or buyers. 


Finally, there are also independent e-marketplaces that generally adopt an open marketplace which is managed by a third-party entity. Sellers and buyers working in the same industry may use it in order to seek what they require easily, items and clients alike. 


Why is the Marketplace App Important?


Having witnessed the devastation wrought by the pandemic which is still being inflicted, there’s no doubt why online shopping via marketplace apps is gaining such outstanding traction. Such apps bring out the best of shopaholic in all of us and research also suggests that it is very difficult to resist the urge to purchase an item we love. Marketplace apps always make sure that the goods are always within our arms’ reach. 


However, most significantly, marketplace apps provide a far safer way for people to get what they seek without the risk of getting infected when they visit conventional marketplaces or shopping malls. Furthermore, it also keeps the economy alive by providing retail stores or almost any business dealing in physical, goods or otherwise, a feasible or even better alternative so as to continue their respective ventures in spite of the limitations ingrained in this new normal state of things. 



BottomLine:


Hope this blog post provided you with the basics to understand everything regarding online marketplace app development.
Location: United States

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