Do you know what`s the best website among eBay and Amazon is? If you guessed Amazon you are right. For a 12 month period ending in March 31st 2021, eBay recorded a revenue of 2.896 Billion Dollars. That is an unimaginable amount of money when calculated in Lankan Rupee. But for the same period, Amazon recorded a revenue of 296.274 Billion Dollars. There is no competition here among them as I see. If you ever wondered what kind of websites eBay and Amazon are? They are Multi-vendor E-commerce websites.
What is a Multi-Vendor E-Commerce Website?
E-commerce is meant by conducting transactions via the internet. Whenever people are buying and selling products through the use of internet, it is E-commerce. So basically, an E-commerce website can be used to buy and sell goods and services in both local and international market. These sites mostly include special features such as internet banking, payment gateways, online auctions and online ticketing facilities. A Multi-Vendor E-commerce website is same as a normal E-commerce website but it acts as a platform for third-party vendors to sell in one place. In simple terms, it is a big shop that contains various small shops that are run by individual sellers.
There are many Multi-Vendor E-commerce sites in the world. Only a few sites managed to win the attention of the whole world. Here are some of the most popular E-commerce websites of the world.
Amazon.com is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook.
eBay is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. It was initiated in the mid-1990s and now it is one of the largest and one of the most used E-commerce website in the world.
AliExpress is an online retail service based in China owned by the Alibaba Group. Launched in 2010, it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers. It is the most visited e-commerce website in Russia and was the 10th most popular website in Brazil.
During the Covid 19 Pandemic, the concept of online shopping was widened. Because of that for the first time ever, the Worldwide Online E-commerce sales rate passed 4 trillion dollars. Considering all these facts, Businessmen are proceeding to create E-commerce websites to sell their products online while declining the traditional physical transaction methods. If you are a Businessman, it is better to create a Full-Fledged E-commerce website from an Experienced and a Creative web designing team. That’s why Dahamya Creations is one of you top choice to get a full-fledged website design.