Real estate marketplace
Introduction
An online marketplace (or online e-commerce marketplace) is a type of e-commerce website, in which information about products or services is provided by multiple vendors. Online marketplaces are the main type of multi-channel e-commerce") and can serve to streamline the production process.
In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by participating retailers or wholesalers. These types of websites allow users to register and sell individual items to many items for an "after-sale" fee.
In general, because marketplaces aggregate products from a wide range of vendors, the selection is typically broader and availability is greater than in vendor-specific online retail stores.[1] Since 2014, online marketplaces have become abundant.[2] Some online marketplaces have a wide variety of general-interest products that cover almost all consumer needs, while others are more specific, catering to a particular segment of consumers.
The physical distancing policies established in many countries during the COVID-19 pandemic favored this type of business. Companies like Amazon, which had a 40% increase in profits during the second quarter of 2020, compared to the same period of the previous year. Which was reflected in an increase in the value of its shares "Action (finance)").[3] During the first three months of 2020, Alibaba Group's sales increased by 22%;[4] while during April of that year alone, Mercado Libre's sales rose by 76%.[5] However, the outlook was not so favorable in Africa, where the penetration of online sales is hindered by the lack of consumer confidence. Between 2019 and 2020, Jumia increased its profits by 19%, but this only served to halve the losses generated annually by this company.[6].
B2B Online Marketplaces
Some of the first online marketplaces were geared toward business-to-business (B2B) commerce. Early examples of online platforms that enabled business-to-business e-commerce include VerticalNet, CommerceUp, Commerce One, and Covisint. Contemporary B2B online marketplaces focus on a narrow range of products (Product (economy)) or services (Services (economy)), such as EC21, Elance, and eBay Business, and have not achieved the dominance that online marketplaces have gained in B2C retail. B2B purchasing requires online marketplaces to facilitate complex transactions,