Advantages and disadvantages of using E-Commerce Industrial marketplaces

Online E-Commerce Industrial marketplaces allow you to sell your industrial products by setting up your own online e-store. Selling through online marketplaces provides a flexible business opportunity with relatively low start-up costs. eBay and Amazon are examples of well-established general goods marketplaces while Pneucons is one of the most promising online marketplaces for Industry-specific businesses.

The potential advantages to be gained by joining an online marketplace will vary between industries and businesses, and indeed between buyers and sellers.

Here we have summarized few potential advantages of online marketplaces for your industry-specific business.

• Marketplace provides an added channel to market and sells your industrial products.
• The E-Commerce marketplace platform helps you to reduce your marketing costs compared to other sales channels.
• It enhances your opportunities to sell your products across the nation by applying the same efforts.
• It is more popular and know to customers and offer a convenient way to compare prices and products from a single source.
• It provides a level of trust between you and the buyer.
• It helps with impartial reviews of your products and service may help new customers to buy products from you.
• It offers opportunities to establish new trading partnerships with traders and suppliers, either within your supply chain or across supply chains.
• It provides greater transparency on stock availability, price comparisons and quality of the products that are accessible in an open environment.
• It helps you to operate your business round-the-clock.

Disadvantages of online marketplaces for your business

There are several significant benefits of selling on marketplaces but there are potential drawbacks as well - that may need to be considered, some of them are listed below.

• Marketplaces can charge commission on every sale and fees can vary from site to site. Before selling your products on a marketplace, make sure you understand the marketplace's pricing structure.

Note: When you are selling your products on Pneucons, you won’t have to worry about the commission on your sales. Pneucons offers flat commission charges which allow you to do more business with reduced cost on sales and marketing.

The online stores may impose restrictive terms and conditions in terms of how you can communicate to customers.

• There may be some limitations with the marketplace, as to how your business can brand its online presence.

Note: Pneucons offers you to manage your own branding with personalized ads and helps you to promote your e-store with search engine optimization.

Whether you’re getting ready to launch a new business or have been selling traditionally for years, online E-Commerce Industrial marketplaces should be a central part of your strategy.

Although it may all seem daunting at the outset, trust us: Once you start to experience the profit potential of selling on online marketplaces, you’ll never look back.

Start selling on Pneucons and enter the new generation Online Marketplace designed for Industry Specific Business and designed by Industry leaders.