Yes! this is a very justified question.
We already have Amazon, Flipkart or Jet than why should we start a new online marketplace.
The answer to this is simple and it is something you will need to ponder upon.
Why you should start a marketplace?
Is is because everyone else you know is doing one and you also want to do it. If this is the thought that comes to your mind, I will pass and you dare not think about starting one for yourself cause you will be bad at it.
but if you think that
You can create value to a niche set of products, you can disrupt the market, you can make it easier for buyers to buy and sellers to sell Phew now you are taking and making sense. I can make out you are full of energy.
YES THIS IS WHAT IS NEEDED.
Many people come and ask us why they should start a marketplace while there are already many with deep pocket the answer is simple
- Do you think they have solved all the problems in the buying and selling process of an online user?
- Do you think there is nothing to innovate or disrupt in online business space?
and the answer is always a NO!
A marketplace is a platform for buyers and sellers to collaborate, to sell more effectively and increase revenues leading to better profitability. It saves a seller from the agony of unsold inventory and lower sales volumes. It increases the reach and profitability to a business while providing better collection to choose from to a buyer.