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The world is moving to complete digitalization of everything, and today, we want to download everything from books to audio.
We have seen entrepreneurs selling digital products that have gained them a notable amount of profit. One of the most practical advantages of a digital marketplace is that it does not require inventory; you need not find a place to store your products and get their product immediately upon purchase.
Let’s discuss some of the amazing marketplaces to sell your digital software products. All of these marketplaces focus on different industries like product offerings, building a page, selling digital items like eBooks, music, videos, and even PDF files.
Amazon is one of the most prevalent platforms for selling digital goods online. It is an excellent place for you to reach out to an international audience. You can trade anything from music to games and apps. They also provide a few special programs for the sellers who sell exclusively with Amazon.
For example, the Amazon Kindle Direct Publishing program is built to enhance commissions for authors and writers who only sell on the Amazon Kindle Store for a specified period. Amazon fees for software products depend on the products you plan to sell.
Fulfillment by Amazon (FBA), Amazon Advantage, Amazon Business, Merch by Amazon, Amazon Handmade are some of the extraordinary software designed explicitly for merchants, designers, and creators.
It has been recorded that Walmart had more than 323.6 million visitors on its website in the first half of 2019. While the platform was only open to U.S. sellers in the beginning, they have opened the door of collaboration for China, Canada, and the UK. The users can sell anything from tax software to music downloads, and more on Walmart.
The website receives more than 110 million visitors, which can help in the expansion of your potential target audience. If you are a seller, you only need to pay a referral fee per sale, depending on the product category.
To be a seller on Walmart, you need to register and apply. The company is particular in getting what they are looking for, and so, it only permits the sellers outside of the U.S. to join by invitation. This means that even if you are from the U.S., but if you are not selected, you cannot join this platform.
The platform is best for users who prefer unique product assortment and competitive pricing.
Gumroad is explicitly designed for authors, filmmakers, and musicians. This platform enables its users to sell audio clips, eBooks, and videos with just a click. Moreover, it also provides rentals for your music or videos that incorporate unlimited bandwidth and payments at 3.5% + 30¢ per transaction.
Gumroad provides a clear and straightforward seller interface and provides advanced analytics for projecting your sales into the future. One of the most peculiar characteristics of this platform is that you can quickly share your digital content through email, social media, your website, and various other channels.
AliExpress is an online retail service solution made up of small businesses in China and Asia. This platform exists in 230 different countries and regions, consisting of more than 200 million visitors per month. AliExpress provides an array of digital products such as graphic and digital layouts, computer software, e-learning courses, web-based apps, and a lot more.
The commission fee for AliExpress is only charged on the actual store transactions and comes out to 5-8% depending on different items and categories.
Currently, this platform only allows sellers and suppliers from Mainland China to sell on the platform, although it focuses basically on international buyers in America and Europe.
5. Apple iTunes Store:
The Apple iTunes store includes books, music, apps, videos, and lots of such entertaining stuff. The iTunes Connect program can be considered as the best marketplace when selling books, music, and apps. This platform guides you throughout the free application processes. This platform is free of cost to publish any items that you want to sell. However, once a sale is successful, you are required to pay the commission. The average musician at iTunes earns approximately $0.57 from each single album sold for $0.99.
Apple iTunes store is best for the users who are familiar with Apple products as its backend configuration is similar in all the Apple devices. This platform is primarily catered to app developers, authors, and musicians.
eBay is a well-known marketplace for buying and selling anything and everything. One of the researches revealed that eBay made $7.4 billion in revenue, with 179 million active customers worldwide, and mobile audience reach of 31.2% for its mobile app, in 2018. Selling products on eBay is a very simple and straightforward process where you need to label your software as a “Digital Item” and create the product page. It is advisable to generate your own eBay store to mark yourself as a brand as it helps you to accumulate ratings from buyers.
This marketplace is best for anyone who wants to sell on eBay with no regulatory restrictions.
Udemy is a marketplace for selling video courses online. This platform is the best solution to generate a passive income as it provides you access to all the free hosting and interface tools. Moreover, this marketplace also processes the payments for you, however the payment system is a little complicated on this platform. It also provides the option to claim 97% of the revenue if someone uses a coupon code from you. However, if the customer arrives via organic search, you can claim 50% of the revenue.
If you possess the knowledge & understanding in a specific field and want to curate some videos to sell to other people, this is the perfect marketplace for you.
All the marketplaces listed above are the best if you want to sell any software product. Pick the one that best fits your enterprise's requirements.
eCommerce business is a popular platform and running an online store in today’s world is the best decision as you can attain customers easily. Because this is the successful period of an online industry that provides multiple promoting platforms to advertise your business.
Marketplace Software is the important thing that is to handle carefully as it is the place where your online store is to be built.
To create the best eCommerce store and to be successful in this eCommerce business, you can simply follow the 9 hacks of the marketplace software.
Niche is a particular industry where you sell your interesting products and services. The competitor in your field should be analyzed to stand unique from the crowd of the same category websites. The unique store will draw the attention of the visitors.
2. Implement Your Business Brand:
The brand name and the domain name of your business is your identity. Don’t be careless while choosing appealing names. The brand name should satisfy PACE terms (i.e.,) Pronounceable, Attractive, Clear, and Easily Understandable manner.
3. Customize Your Online store to World Class Level:
You have to customize your online store with features like multiple payment gateways, stock management, customer management, multilingual and currency support, etc.,
4. Vendor Management:
Since you are the admin of your online store, creating a perfect brand platform will help you to gain the Vendor's request automatically; so you can choose the vendors to sell their products on your platforms.
5. Tune Your Online Stores:
Adding and removing the products, fee optimization for vendor registration, and providing offers and deals for your online business helps you to reach a higher peak as organic as possible.
6. Build Social Profiles:
Social media are great ways to promote your products to your customers. Hence you have to build a strong social profile like on Facebook, Instagram, Twitter, Linkedin, Pinterest, etc., that should reflect your niche business with appealing images and content.
7. Product Promotion:
Next to social media profile, product promotion is the process where you display your content to your audience. Therefore you have to concentrate on correct keywords by doing proper keyword optimization and also focus on SEO activities to build strong backlinks to your website.
8. Use Right Tools:
There are many tools available online to measure the performance of your online store and customer behavior. You have to analyze these performances frequently via perfect tools to improve your business profit. For example, Google Analytics is one of the best performance analysis tools to know your performance.
9. Customer Fulfillment:
Finally, the customer is everything to your business. Achieving complete customer fulfillment is a great step to move forward in your online business. For this tracking the correct audience and retargeting them is highly appreciated.
To know the hacks in details, read here: 9 Hacks of Marketplace Software
I hope these hacks will help you to get success in your eCommerce business.
I haven’t been into this kind of software so much, yet have found a few that can help you out to move further with your project.
You can check them on your own to explore more. I hope any of them can become the most viable solution for your business.
Renting Multi-vendor Marketplace business is a quick buck idea, which is rapidly growing at pace. This software allows both the admin as well as the marketplace owners the ability to earn a profit. With the help of a rental software, a vendor can rent their most preferred products or the ones they don’t want to utilize anymore. On the other side, marketplace admin can keep a commission fee for providing services, thereby helping both the parties to earn a profit.
If you are thinking to launch an online rental marketplace, then you can create it with the following two options:
Some of the popular online rental marketplace solutions are listed below, which allows the users to launch their rental marketplace swiftly:
Yo!Rent is a well-established and robust multi vendor eCommerce rental platform that enables its users to run their site off as their server. This software also provides full customization according to their requirements with intriguing rent and sell features. Yo!Rent is a content management system, which allows its users to create a marketplace along with the authority to publish, edit, and delete their content to rent out or sell items. In addition to this, the software also performs with multiple payment gateways and multi-layer security for the distribution of payments to vendors. This feature provides a visual dashboard that manages order and understands business expansion. Yo!Rent software is explicitly designed for a wide range of eCommerce Rental Business platforms right from startups and small webshops to significant and multi store online marketplaces. This tool creates white label solutions through subscription-based web applications.
Pricing:- $1,999 Lifetime License(12 months of technical support)
Pricing:- $34 per month (Free Trial)
Sharetribe is a SaaS-based platform explicitly crafted for entrepreneurs that desire to build an online rental marketplace. The software enables its users with full customer support and automatic multistore management feature from a single location. Sharetribe even offers excellent email marketing and SEO management features. Startups and entrepreneurs can build and monitor customer accounts as the tool provides outstanding order management functionalities, that will help the customers to keep track of the orders. Sharetribe’s e-commerce software is a simple, user-friendly, and customizable tool that satisfies every requirement of the user.
Pricing:- $79 per month (Free Trial)
Exlcart is an open-source platform offering an online rental marketplace that provides an option to customize its source code according to its client's requirements. This tool can manage unlimited vendors on a single platform and authorizes them to upload an unlimited number of products to rent out. ExlCart comprises of various in-built themes which can be utilized to represent brands specific to renting services. Additionally, users can even share their products on Facebook, Twitter, and Google plus to increase their traffic. ExlCart enables vendors to utilize multi-level categories to upload products, which helps the customers to find the products easily. In ExlCart, admin and vendors can manage all transaction records. Moreover, if required, they can even utilize them for future references.
Pricing:- Exact information not available