Coronavirus has hit hard on many retail & b2b industries. Sellers around the world are desperately looking for opportunities to sell online to serve their customers. Demand to start online stores similar to Amazon or Wallmart has grown extensively considering the online sales surge at Amazon and other such marketplaces.

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Why is this the best time to start an online marketplace?

  • Ecommerce has become much bigger now. Following the outbreak of Covid19, many traditional business niches are now looking to sell online. So it is now easy to find the right business niche to start an online marketplace.
  • Since the demand for online sales is high. You will not need to invest so much in marketing for promotion and awareness.
  • Sellers are readily available to sell online. Therefore, the onboarding of the sellers on the online marketplace would be easy for you.
  • Many ecommerce platforms are giving special discounts on set up. So, if you start now, you can save some money.
  • The best reason, you have a good amount of time. So you can use this time to do in-depth research on markets, competitors, and finding the right online marketplace software.

Social distancing is needed for at least for the next 4-5 months. Don’t sit and relax, start your online marketplace today to get the market advantages.

Recommended Read: Coronavirus (Covid-19) Impact on the eCommerce Industry