Creating powerful online marketplaces
Building a marketplace can seem like a complex, even daunting task. Our new ebook is a practical guide that starts with the big picture and then drills down into different types of marketplace and ends with the really raw details. It simplifies the process for your business.
That's why we’ve prepared a comprehensive book for CEOs, CTOs, and tech leaders.
Online marketplaces account for more than half of all online retail and yet they are still less understood and less easily embraced by businesses than traditional online stores. We’ve built both eCommerce sites and marketplaces for over a decade, so we know the differences and the similarities. We discuss the advantages of modern marketplaces and break down your build into time-specific steps, talking about the individual technologies that you should be looking at.
Ready to see the largest online marketplaces in the world?
What’s in store?
We take a wide view on what makes a good platform and present a list of features you can copy from some of the world’s leading players. Our technical team then take you through the specific steps of building a B2B marketplace and list all the essential technologies you need to include, along with recommendations of which solutions to use.
Divante is a top-of-mind global eCommerce company. We believe in the power of community and so we have augmented the ebook with expert analysis on specific areas you should consider when building, such as delivery, loyalty programs, relationships with your customers, and the specifics of B2B and B2C marketplaces.
We’ve included statistics and quotes for at-a-glance inspiration, as well as a checklist of the key takeaways and a diagram of exactly how the technology in your online marketplace fits together. The ebook is designed so that no matter if you have one hour or one minute of free time, you’ll find something that you can bring into your business to make it better.
This ebook is a practical guide that starts with the big picture and then drills down into different types of marketplace and ends with the really raw details. We’ll conclude by breaking down your build into time-specific steps and talking about the individual technologies that you should be looking at.
Piotr Karwatka, CTO at Divante
A step-by-step guide to building a B2B marketplace
Building a B2B marketplace has 5 distinct stages. You need to understand each one to have the best chance of success.Read more
The B2B marketplace is an obvious opportunity for digital transformation of traditional business models. It creates a unified system that is used by producers, distributors, and end customers and makes processes easier at all stages. It is a huge value-add to even established businesses but building a B2B marketplace is a long-term commitment of time, money, and resources.
It may seem complex and perhaps even overwhelming but it can be broken down into manageable phases. And it’s not just about changing the technology. With a traditional business model, much of the challenge lies in changing the perceptions and habits of your network and your own people. Everything is new and you need to clearly communicate the value of what you are building.
The project can require two years of budget if it is to be a success. It needs to be carefully planned and executed, but it will then set up your business for the decades to come.
Technologies that are under the hood of a marketplace and what we recommend
With so many options available to eCommerce creators, the best advice on what to choose comes from those who build brilliant solutions every day.Read more
An online marketplace is made up of essential elements, technologies that promote growth, and nice-to-have features that you can class as a bonus. It is similar to an online store but there are crucial differences that you need to understand and accommodate.
We look at the key parts like your merchant’s panel, eCommerce, and payment system and explain what each does and then make specific recommendations of technologies to use based on our long experience. We also talk about growth elements like your PIM, search, and personal contact systems, then dig into the nice-to-have features such as product feeds, headless CMS, and marketing solutions. In total, we’ll present more than 25 technology solutions that we’ve tested in our own projects and will show when each is the best option for your business.
What makes a good online marketplace?
5 questions to ask when building a B2C retail marketplace.Read more
Before you commit to creating a new third-party marketplace or expanding your existing eCommerce to include other merchants, ask yourself why you are doing it, who you are trying to reach, and whether you can bring real value.
A marketplace is often a great concept but getting off the ground can be difficult. There are hugely powerful competitors such as Amazon and Alibaba on the market and it is also difficult to overcome the issue of attracting vendors when you have no end customers, and vice versa.
At the end of the day, your marketplace will be judged on your products, prices, delivery, and customer service. The most important indicator of success is doing your research up front, identifying your customers, and delivering something that is not already available on the market from established platforms.
7 great online marketplace features you can copy
No matter the size of your marketplace, you can still take inspiration from the big players.Read more
You can’t take on the behemoths of online eCommerce and win out. Don’t be over-ambitious and think that you will surpass Amazon in years to come. However, that doesn’t mean you can’t build a platform that reaches millions of customers and is highly successful. In fact, the best way to put yourself on that path is to look to the top platforms for inspiration.
Amazon, Alibaba, Zalando, eBay, and others have taken social proof, recommendations, user interfaces, delivery, customer experience and other elements of the eCommerce experience to new levels through constant innovation and calibration. If you are building a new marketplace, look at which features you can replicate without investing millions, and see how you can create a familiar experience on a brand new platform.
Key numbers of the marketplaces ebook
See the 20 largest online marketplaces in the world.
Discover 30+ local platforms that serve European markets.
Learn 25+ specific technology solutions for building a better marketplace.
Meet the industry experts
Co-founder of LovetheSales.com, a marketplace that supports retailers to discreetly clear inventory whilst maximizing the financial recovery from it. It has millions of consumers and a supply side containing 100s of the UK's most well known retailers. Stuart’s career spans over 15 years in digital and eCommerce, across numerous industries.
Vice President of Marketing for Red Stag Fulfillment, an order fulfillment company for online retailers and eCommerce businesses specializing in heavy and large products. Jake’s goal is to show companies how shipping is essential to the customer-seller relationship; it creates a promise you must meet with every purchase.
CEO & Founder of Nethansa, a dynamically growing startup offering sales-increasing services on Amazon. It facilitates the process of entering foreign markets via Amazon as well as manages all sales and marketing operations on the marketplace.
Head Copywriter at Vue Storefront, the world’s fastest growing open-source eCommerce frontend. An experienced journalist, previously managing editor of Interaktywnie.com, which is a website dedicated to technology, advertising, digital media, and economy.
CEO at Open Loyalty, a headless loyalty solution with open source code which offers dedicated loyalty programs with smooth experiences across all digital touchpoints. Passionate about delivering end-customer experiences and developer experiences at the same time through the right use of technology and quality code.