Top 3 Trending Online Marketplace Platforms in 2021
By: Thapreel Alam
Tags: Startup, Development, Marketplaces, Business, Airbnb Clone

Online marketplace helps to connect both buyers and sellers at one platform. By using this online marketplace platform, buyers can easily identify sellers and connect with them to move further.

The online marketplace is one of the best platforms to buy, sell, and rent anything anywhere.

In an online marketplace, both product or service information is provided and maintained by multiple third parties. Transactions and other inquiries are made possible with the help of third parties.

In the USA, more than 11,444,141 consumers make use of an online marketplace platform, and revenue of the online marketplace which increased up to 50 Billion U.S. dollars.

Here:

Let’s find out these top 3 trending online marketplace platforms which were used by more consumers.

Product-Based Marketplace.

Service-Based Marketplace.

Rental-Based Marketplace.

Product-Based Marketplace:

The product-based marketplace is called as E-commerce marketplace, where people can buy and sell any kind of product.

This product-based marketplace was maintained by a third party, By connecting both buyers and sellers they can earn money. This marketplace only charges to the seller, and the customers can choose the right product and purchase it for the fixed price.

This marketplace can earn more money from business models like the commission model and subscription model. And then customers can be charged little for delivery fees.

Some examples of top product based marketplace are Amazon, Flipkart, eBay, etc,

Service-Based Marketplace:

The Service based marketplace helps businesses to connect with seekers. The services based marketplace it's offering to any kind of customers and provide opportunities for their paid work. This service-based marketplace is also called a freelance service marketplace.

This marketplace platform acts as a bridge for connecting these both ends. You can earn a commission on each successful transaction.

Some of the top freelance service marketplaces are Fiverr, Upwork, Guru, etc,

Rental Based Marketplace:

The rental based marketplace helps rental businesses to connect with customers. The rental marketplace which suits for home appliances, electronics, gears and it has become famous for all rental business.

This rental based marketplace which is giving a huge rise to peer-to-peer marketplaces. And niche-based online rental marketplaces such as vacation rental, Car rental, Co-working space, Event venue sharing, Equipment rental, and more rentals.

They can earn more with business models like commission model, subscription model, listing fee, lead generation fees, and freemium services.

Some examples of the top rental based marketplace are Airbnb, Turo, Peerspace, etc.

If you are looking to build a rental marketplace platform like Airbnb.

I would like to suggest RentALL.

RentALL is one of the best rental marketplace solution providers in the market. They can help you to build a top-notch rental marketplace platform like Airbnb.

It is 100% customizable for any type of rental marketplace platform. It is built with advanced technologies like React & GraphQL to provide a secure & scalable platform. Some of the standard features of RentALL are CMS management, payout management, seasonal pricing & more.

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I hope this blog post can help you to find some ideas about the online marketplace platform.

Thank you for your wonderful time in reading the blog post.

If you have any suggestions,

Please comment below and I’ll be happy to respond.

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Visit: https://www.rentallscript.com/blog/