A marketplace is largely understood as an ecommerce website. Here sellers come together over a common platform to showcase their products to a much larger audience. Sellers on a marketplace get to manage their stock themselves. A larger inventory coming from multiple sellers most obviously means a huge product catalog presenting before the customers a multitude of options.
Without requiring a large investment as is the case with conventional ecommerce websites the profit margins are better with marketplaces thereby allowing increased chances of scalability. Marketplaces are experiencing exponential growth which is predicted to be only increasing in the times to come. In order to drive great profits it’s important to constantly make sure shopping on your site turns out to be an enthralling experience. Ecommerce extensions give you the flexibility of playing around with different features on your marketplace or ecommerce store to bring to the table exceptional shopping experiences for your customers.