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Forrester reported that marketplaces are enabling companies to scale and grow by 30 percent.
Revenues for marketplaces doubled in the last few years from $200 billion in 2019 to $390 billion in 2021.
The number of total marketplaces will double in 2022.
With marketplaces showing significant opportunity for growth, many companies and communities are asking how they can tap in. Web Force 5 can help retailers expand what they offer in their catalogs and branch out to new brands and markets with less investment risk. They can also scale more easily than drop-shipping and better manage sellers, and they can bring communities together, connecting like-minded buyers and sellers.
However, as with any new endeavor, it can be hard to know how to plan and build for success. A lot of ideas get thrown at you on how you can and should build, from whether you should build or just join a giant marketplace to simply dropship. Cost and time are certainly big considerations, especially in the decision to custom build or launch on existing enterprise-grade tech.
In this eBook, we’ve partnered with Adobe and Marketplacer to compile commonly asked questions as a guide to help set you up for success in both launching and running your own third-party marketplace.