Top 5 E-Commerce Platforms
E-commerce has given a new direction to the business world which is making many new innovations. Online Shopping, Mobile Apps and Digital Payment Tips Have Bring Innovation to the Retail Industry. In This Article we studied about TOP 5 E-Commerce Platforms. E-commerce is growing rapidly in the past few years so, Online stores are a sure shot proof of such things. As internet access expands globally, there is an increase in the online shopping profits as well.
E-commerce online stores have done trillion-dollar business in last few years. The rising trend of high-speed internet, mobile technology and social media has changed the world of retail marketing. Nowadays people do good business by taking help of social media instead of physical marketing. Because Social Media is Faster marketing platform.
E-commerce is gaining popularity due to its many benefits as consumers can easily buy their favorite items from anywhere at any time of the day. Consumers are provided with a global platform where they can shop anywhere in the world without any hassle. Just like e-commerce is beneficial for consumers, it is also proving to be very beneficial for sellers. It reduces the utility and staff costs of physical stores to a great extent. In the next few years Merchants will prefer Online stores instead of Physical stores.
Due to which nowadays people are increasingly turning towards online Shopping. Be it any social media platform like Facebook, Instagram, TikTok or YouTube, online business is being done everywhere. Now people suggest online platforms for shopping. Instead of spending too much time on physical stores, people can order their favorite things with few clicks at door steps.
List of 5 Top E-Commerce Platforms
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Amazon
Amazon is an American multinational technology company of e-commerce. This is the one of the world’s largest e-commerce platforms. Amazon was founded by Jeff Bezos in 1994. This simple e-commerce platform of Amazon has given the world a new business technique using which you can purchase from anywhere in the world sitting at home in just a few clicks. Amazon provides a worldwide logistics network and its supply chain is very strong. Now Amazon used artificial intelligence to make its logistics even better and increase the speed of work in less time.
Amazon is considered to be the best platform for doing business. You can start from any country in the world and create your own online store and sell your products in that country. Its charges are very low. Amazon charges almost 40 dollars for creating an online store. Now every big company, along with physical business, is also doing online business on Amazon. Its sales are more than that of physical stores. Almost every category of products are available on Amazon like electronics, clothing, groceries and health etc. Amazon’s warehouse keep the record of Amazon shopping. You can return any damaged product to Amazon.
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Shopify
Shopify is a Canadian multinational e-commerce company. In the world of online business, Shopify is one of the top e-commerce platforms like Amazon. where millions of people around the world get help to create all sizes of businesses and manage online stores. Shopify is a platform that provides a variety of tools for website development, creating designs, product management, and payment processing also Provides retailers a powerful interface to manage their business.
This is very easy to understand, even a common man can design an interesting website using drag & drop tools, Because Shopify works as an app ecosystem in which many apps are integrated which brings together marketing, customer support and payment management on a single platform. Any brand can easily list its product on Shopify and advertise it and get orders at very low expenses. This method makes Shopify different from other e-commerce platforms.
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eBay
eBay is one of the world’s largest online marketplaces of Top E-Commerce Platforms. eBay is basically designed for Auction format of online trade goods. But with the passage of time eBay developed a best online business model. eBay provides the best marketplace for Businessmen’s and Individuals. Unlike other online platforms, eBay does not store inventory but connects sellers and buyers directly. eBay provides sellers with many great tools that they can use to improve their sales.
This changes the concept of online Auction which was revolutionary at the time, People can access unique items that they might not found in Physical stores. eBay made a good work in the online payments world by acquiring PayPal, helping users make secure and fast purchases. eBay is accessible in almost every country in the world which makes it one of the top world’s most popular e-Commerce platforms.
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Alibaba
Alibaba is a Chinese online marketplace which connects Chinese Manufacturers with international buyers. Alibaba group started from a small marketplace, with the passage of time this company enhanced their e-Commerce Platform, Logistics with Artificial Intelligence (AI). Alibaba is one of top 5 E-Commerce Platforms has now established its foothold in the online world for manufacturers, now these manufacturers are doing their business in every corner of the world. This company also provides a great platform for buyers where they can order products in large quantity at very low cost.
Nowadays many merchants also order products from Alibaba and sell them physically and online. A large number of products are available on Alibaba in very large quantities at low prices. The best thing about Alibaba is that you can talk to merchants and purchase your products from them as well as get your company’s products made at very low rates in less time.
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AliExpress
AliExpress is a major online retail Platform which is the branch of multinational group Alibaba. AliExpress is famous for their low prices products, which connects sellers and buyers globally. Many users like AliExpress for their wide range & varieties of electronics products, clothes and home goods on cheap rates. AliExpress specially designed for Chinese small businesses to sale their goods to consumers worldwide. This Chinese based company now expanded to include globally sellers as well.
This Platform is very popular in European Countries especially in USA. where consumers like affordable Chinese goods. The success of AliExpress is due to the popularity of online purchasing and Chinese products in overseas countries, which is cheaper than their own products. Many wholesalers buy products from AliExpress and sell them on their other online platforms with great profit.
