Online marketplaces and online stores have become a trend that all internet users at least heard of. With the advantages of online selling, it is an opportunity for everyone who wants to capture a piece of the large marketshare and build a business. With these two e-commerce models, droppshiping and Amazon’s FBA, anyone can be an online seller! But what exactly are they and which of them is more suitable for you?
Why online business is popular nowadays?
E-commerce stores and online marketplaces were developed a long time ago and could not be considered a new shopping method. However, ever since the COVID-19 pandemic erupted, it accelerated the digitalization process.
If you’re in eCommerce, then you know that staying ahead of the curve is essential to success. One way to do this is by using reverse sourcing. Reverse sourcing is a process of finding products or services by starting with the desired result and working backwards to find the best supplier.
In the retail world, it’s a clash of the titans: one contender is Walmart which carries the world’s largest network of retail stores. While the second contender is e-commerce giant – Amazon, striving to offer literally everything at one virtual place. Both Titans are cutting-down the prices, while making efforts for an increase in free, same-day delivery options to dominate the market.
