What are the Best Platforms to Sell Products Online?
Finding places to sell products online, especially without a proper plan, can be extremely challenging.
But, if you’re looking to find the best platforms to sell your products online, then you’ve come to the right place.
In today’s digitally advanced world, there are lots of platforms to choose from for selling your products or services online.
However, not all of them will be the right fit for your needs.
Therefore, we’ve put together a list of the best platforms to sell products online based on specific requirements.
Whether you’re looking for a platform to build your own eCommerce store or an existing marketplace to sell your products, we’ve covered everything in this post.
So without any further ado, let’s get right into it!
5 Best Platforms to Sell Products Online in 2021
Thanks to the internet, the lack of a physical shop is no longer a barrier to sell products nowadays. There are many different types of platforms available where you can almost instantly start listing your products online.
Below are the 5 best platforms where you can sell your products online in 2021.
1 – Your Own eCommerce Store
The first and the obvious choice for hundreds of thousands of retailers to sell products online is setting up their own eCommerce store.
Sure, building your own eCommerce store has its own set of challenges. But it can be extremely profitable & rewarding if done right.
And the best part about starting your own eCommerce store is that not only you’ll have complete control over every aspect of your retail business, but it will also give you global exposure.
On the downside, though, setting up an eCommerce store will require initial as well as recurring expenses.
But, on the bright side, there are plenty of eCommerce platforms in the market today that will help you to build & run your eCommerce store with minimal costs.
eCommerce platforms like Magento 2 & Shopify are the most popular choices around the globe for building eCommerce stores.
Recommended: Magento vs Shopify: Difference between 2 popular eCommernce platform
2 – eBay
eBay is one of the oldest online marketplaces with over 24 million users, which is an enormous market to tap into for selling your products online.
Started way back in 1995, eBay allows anyone to sell anywhere in the world.
And the best part is, you can sell almost any kind of product on eBay, thanks to its open platform nature.
On the downside, because eBay has been around for decades, it is a super-competitive marketplace today.
Plus, the company also takes 10% of whatever you earn, which needs to be kept in mind when listing your products to sell on eBay.
3 – Amazon
Amazon is another biggest player when it comes to online retail marketplaces.
Started in 1994, Amazon also allows you to sell almost any kind of product online to anywhere in the world.
According to a recent report, Amazon ships over 1,600,000 packages every day, which is a staggering number.
And the best part is, selling through Amazon will also give your products a stamp of trustworthiness that can take a good amount of period to achieve on your own eCommerce store.
On the other hand, though, like eBay, Amazon also takes a cut out of your profits and you’ll also have to pay a monthly fee if you’re selling products in high quantity.
4 – Facebook
Although Facebook is originally a Social Media platform, they also recently launched their own retail Facebook marketplace.
What makes Facebook is a great platform to sell products online is mainly because Facebook has one of the largest communities with over 2.80 billion monthly active users as of 2021.
This is a massive potential reach because people are already used to buy & sell stuff on Facebook by joining Facebook groups.
And now that Facebook has created a fully functional marketplace of its own, it is a great opportunity to sell your products on the marketplace.
And the best part? – listing products for sale on the Facebook marketplace is free and the by default settings are also set for members of the local community, so there is a high chance of making sales.
5 – Etsy
The last best platform to sell products online is Etsy.
The platform has been around since 2005 and has around 81.9 million active buyers as of 2020.
However, unlike eBay & Amazon, Etsy is best for selling niche products which mostly include vintage, hand-made, or quirky items.
In other words, Etsy is a special marketplace for the creative-minded and the platform also allows you to personalize your listings better than other similar platforms.
As far as costs are concerned, the platform will take a small part from your profits for each sale and if your customers are paying via Paypal, you’ll have to take Paypal’s fee into the account as well.
So, which platform is going to be your choice to sell products online?
If you’re starting out, a mixture of these options can work great if you’re just starting out.
In simple words, you can start by listing your products on multiple marketplace platforms and build your own eCommerce store on the side.
Magento 2, for example, is the most preferred eCommerce platform to build a flexible and scalable eCommerce store.
And as far as the development part is concerned, there are tons of Magento 2 Development Service providing agencies in the market to get help.
Overall, selling products online, especially in 2021, can be extremely rewarding, fulfilling, and most importantly, profitable for your first retail business journey.