Over the past year, there has been a growing interest in the use of Marketplace technology by businesses as part of their digital transformation strategies. Arcadier has been often asked how we are different from other platform companies offering similar marketplace software.
This article serves to highlight the five multi-vendor marketplace software companies in the market that we are frequently asked about and provides our own views of how they are different.
Starting any business is hard and comes with many challenges, but growing is even harder. In building a marketplace, one of the most difficult tasks is to maintain the balance in supply and demand. You want to make sure you have enough buyers and sellers to keep the business running. Problems in scaling a marketplace are unavoidable, and they can take many forms. It could be an angry customer that received a wrong order, or a clash with the local government and traditional industries in operational regulations. …
So you are planning on starting an online business? Great. And you have considered whether you should be starting an e-commerce website or a marketplace. If that’s the case, excellent you are reading the right article.
Well then, what is the difference? Traditional e-commerce websites are usually storefronts letting a person sell their wares. Marketplaces on the other hand are different, letting a lot of people sell their goods side by side.
Here are my thoughts to help make your choice clearer.
1. Branding: A singular focus vs strength in numbers.
Traditional storefront e-commerce solutions have the advantage of focusing on a single brand or business. This both relies…
After you’ve come up with a brilliant idea for a marketplace, the next thing to do is to build it. The good news is starting a marketplace has gotten a lot easier. Whether you’re using an online platform created by a SaaS (software-as-a-service) provider or DIY (do-it-yourself) method, there are some necessary practices that every entrepreneur needs to know. When you’re new in the industry, it’s important to follow appropriate tips and guidance that can help you get started on the right track. Here are some steps that you can follow.
Never forget your powerful story
It’s what your marketplace is all about. You need…
By 2025, the global e-commerce market is expected to hit a net worth of $24.3 billion as reported by Accenture. Across all digital channels, the online marketplace has proven to be a popular choice amongst consumers and businesses. According to the 2018 Pitney Bowes Global Ecommerce Study, 68% of online shoppers prefer shopping on a marketplace as opposed to an individual online store. This comes as no surprise as the pervasive use of technology has made consumers accustomed to instant gratification. …
Arcadier, the world’s leading online marketplace builder, has been named as a Representative Vendor in Gartner’s inaugural “Market Guide for Marketplace Operation Applications”. The guide, published by the world’s leading research and advisory company, looks at enterprise marketplaces, their complexities, features and the different vendors in the space. Marketplace operation applications (MOAs) such as Arcadier, as defined by the guide, are able to “provide the technology to enable enterprise marketplaces by allowing marketplace operators to manage seller onboarding, product catalogs, order routing and management, and seller compliance with marketplace policies.”
Arcadier’s integrated commerce and marketplace platform, as well as its…
Arcadier, the world’s leading online marketplace builder, has been named as a Representative Vendor in Gartner’s inaugural “Market Guide for Marketplace Operation Applications”. The guide, published by the world’s leading research and advisory company, looks at enterprise marketplaces, their complexities, features and the different vendors in the space. Marketplace operation applications (MOAs) such as Arcadier, as defined by the guide, are able to “provide the technology to enable enterprise marketplaces by allowing marketplace operators to manage seller onboarding, product catalogs, order routing and management, and seller compliance with marketplace policies.”
Arcadier’s integrated commerce and marketplace platform, as well as its…
Arcadier is excited to share our latest update: multi-lingual tutorials & guides to help you get started!
With our ever-expanding user base around the world, the need for in-depth walk-throughs of the Arcadier system has become paramount in providing support to our global marketplace users and in a language they are comfortable with.
We are pleased to share with you our first series of multi-lingual tutorials with matching written guides in English, Chinese (中文）, French （Français), Japanese (日本語) and Spanish (Español) on how to Get Started as well as an explanation of features on our Administrator and Seller portals. These…
B2B e-commerce has been steadily gaining traction since the 2000s. As the world gradually shifts online, a process greatly catalysed by Covid-19, the online marketplace in particular has emerged as a popular channel for e-commerce. In 2019, Deloitte reported that marketplace sales amount to 57% of total global online retail sales. With the tidal wave of digitalisation, this figure is bound to rocket, not just in retail but across multiple verticals.
To stand out from the crowd, all entrepreneurs work towards the same goal of rushing to be the first to launch an original and innovative idea. Doing so grants…
Debt has always been a dirty word in the lexicon of Asian households, where frugality is a virtue and extravagance is frowned upon. However, the recent emergence of Buy Now, Pay Later (BNPL) in eCommerce seeks to redefine age old adages. By allowing payment in installments with little or minimal interest, BNPL has fueled a change in consumer purchasing behaviour, largely thanks to what is known as ‘present bias’. …
Arcadier Marketplaces
Arcadier Marketplace technology enables individuals and organizations to develop their marketplace easily. Learn More. www.arcadier.com
