MARKETPLACES - An Overview

Be part of the online marketplace channel, which is disrupting retail and is the fastest growth sales channel around. Accounting for 52% of global ecommerce sales in 2018.

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THE DEFINITION:

"An online marketplace is a website or app that facilitates shopping from many different sources. The operator of the marketplace does not own any inventory, their business is to present other people’s inventory to a user and facilitate a transaction." - Forbes

There are now over 450 marketplaces which all have nuances:

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THE BUSINESS CASE

6 reasons to get on board with global marketplaces

OUR APPROACH

Marketplaces are popular with consumers and becoming an essential sales channel for brands who want to gain market share, attract new audiences and access global markets.

However, a lack of strategy or internal resource can often prevent brands from taking full advantage of this growing channel. 

Rich Insight’s team of experienced marketplace experts provides you with a proven path to success on marketplace platforms, helping you to: 

  • Create a compelling tailored strategy giving you the best chance of success on marketplaces - assessing your commercial, brand and operational readiness.

  • Launch you on to the right platforms for your product offering.

  • Manage and optimise your marketplace channel to generate maximum revenue.

  • Market your products effectively across global marketplaces.

  • Expand your reach into new international markets.

10 REASONS TO WORK WITH US  

  1. Proven at delivering significant channel growth

  2. Platform agnostic - we start from your needs, not the technologies abilities

  3. Board level retail experience with brands like Joules

  4. Strong relationships with leading marketplaces and software that you benefit from

  5. Experience at supporting stakeholder management at brands from startup to PLC level.

  6. We don't work in a silo - Our recommended marketplace strategies are designed to work with all your channels in mind

  7. We take the headache away from you & your team, so you can focus on your day to day

  8. We already work with top brands at different stages in their journey

  9. We offer both strategy and delivery for your marketplace needs

  10. We have simple commercials, that make us aligned to your growth and ROI