However, there are about 700 marketplaces active worldwide. Private marketplaces have had the earliest success and will likely win out, according to a consensus of analysts. Private marketplaces allow buyers to control costs without hidden fees and markup products, he says. Buyers are able to find the best prices. Sellers off-load excess inventory.
All participants meet new prospective partners.
And it has worked that way in some cases. Part of the distrust stems from how marketplaces garner revenue. Buyers pay in some instances, sellers in others, and sometimes both. Some marketplaces also charge advertising and subscription fees. Even if companies are willing to shell out the cash to participate, other questions remain.