Buying and selling online is big business in 2020 and allows sellers to make some great cash as a career or a sideline as well as providing cost savings for buyers.
When looking to buy or sell online, many people automatically head to Amazon, however, there are some really good alternatives for buyers and sellers and, in this article, we’re going to take a look at some of the best of them.
As I’ve mentioned, there are some great alternatives to Amazon and, in this section, I’ll take you through what they are and, what’s so great about them:
This is one that you will, no doubt, be aware of – and may even have used at some point. Although eBay may have received some bad press over the years, it’s still a fantastic resource for buyers and sellers.
Launched in 1995, eBay is one of the original selling sites and has 167 million active users and 25 million sellers around the world.
Originally launched as an auction site, eBay also offers direct sales from a huge number of sellers.
eBay’s Features For Sellers
- Easy listing and relisting
- Automated payments
- Seller tools
- Automated feedback
- API program
eBay’s Pros & Cons For Sellers
eBay differs from Amazon in that sellers can choose between direct selling and auction-style selling.
As with Amazon, eBay offers a degree of security for sellers along with a comprehensive list of regulations and guidelines.
For sellers, eBay is a good way of making cash quickly and, is particularly effective for sellers of niche items.
eBay’s Features For Buyers
- Millions of items to choose from
- Significant cost savings
- Payment protection
eBay’s Pros & Cons For Buyers
Founded in 2004, Shopify allows sellers to build their own online store from which they can sell products directly to customers.
Buyers are able to find affordable and unusual products and buy directly from the sellers.
Shopify’s Features For Sellers
Depending on the price plan chosen, Shopify’s selling features include:
- Listing of an unlimited number of products
- Unlimited bandwidth
- Unlimited online storage
- Point of sale
- Shopify gift cards
- Discount codes
- Fraud analysis
Shopify Pros & Cons
Although Shopify works in a similar way to Amazon, it does offer more flexibility and freedom for sellers.
Shopify’s Features For Buyers
- A huge number of products available
- Cost savings on products
- Direct contact with sellers
Shopify’s Pros & Cons For Buyers
With a revenue of $1.9 billion per year, Wish is a selling platform for a huge range of products – from household gadgets, clothes, pet supplies to toys.
For buyers in particular, Wish is an increasingly popular platform due to the staggeringly low prices of many of the products on offer.
Wish’s Features For Sellers
- Sellers may list unlimited products
- Sellers may take advantage of selling tools such as Product Targeting Functionality
- Sellers can create a mobile app through Wish’s site
Wish’s Pros & Cons For Sellers
For a seller of low priced products, Wish can be a really good option as long as products are brand new.
Wish’s Features For Buyers
- 200 million products to choose from
- Wide range of secure payment options
- Wide range of shipping options on most items
Wish’s Pros & Cons For Buyers
For a buyer, Wish is a brilliant platform for buying low-end products at incredibly low prices.
It is easy to get notified of new items by browsing on your phone and you can always find what you need from all kinds of its product categories.
A shopping staple for American citizens since 1962, Walmart introduced its online store in 2000 and has never looked back.
Now available to buyers and sellers, Walmart Online has an average of 200 million visitors per month.
Products sold on Walmart Online include groceries, electronics, household goods, and clothing.
Walmart’s Features For Sellers
- Sellers can list products on Walmart and affiliate sites
- Sellers can create a mobile app via Walmart’s site
- Sellers can take advantage of Walmart’s selling tools
- Sellers can upload unlimited photographs per product
Walmart’s Pros & Cons For Sellers
For sellers who have gained a good reputation as a long-term seller, Walmart has the advantage of being a well-known name that customers trust.
Walmart’s Features For Buyers
- Millions of products to choose from
- Low prices
- Quality assurance
- Low shipping costs
Walmart’s Pros & Cons For Buyers
For buyers, Walmart offers the security of a known and trusted brand combined with cost savings on a huge number of products.
In recent years, China has become a force to be reckoned with for buying, selling and manufacturing of products.
Low labour costs and advanced transport systems mean that Chinese companies are able to offer great value for buyers and sellers.
In this section, we’ll take a look at some of the best Chinese alternatives to Amazon:
Launched in 2010, Hangzhou based AliExpress is an online platform selling everything from high end electronics to baby items and household goods.
AliExpress’s Features For Sellers
- Available in 220 countries
- 150 million active shoppers
- Powerful mobile app
- Fast and secure payments
AliExpress’s Pros & Cons For Sellers
For buyers and sellers, AliExpress offers some great opportunities for profit-making and cost-saving.
AliExpress’s Features For Buyers
- Millions of products to choose from
- Wide product range choices
- A number of payment options
AliExpress’s Pros & Cons For Buyers
For the buyer, AliExpress offers a massive range of products at low prices. If you’re able to wait a couple of weeks for delivery, you can enjoy some very real cost savings on great products.
Founded in 2006, Banggood is an online retailer and affiliate seller with millions of customers worldwide.
Based in Guangzhou, Banggood is a one-stop shop for clothing, household goods, electrical equipment and more.
Banggood’s Features For Sellers
- Dropshipping agent
- Affiliate Program
- Selling tools
Banggod’s Pros & Cons For Sellers
Banggood’s Features For Buyers
- Online shopping platform
- A wide range of products available
Banggood’s Pros & Cons For Buyers
One of the less well known Chinese platforms, Lightinthebox was formed in 2007 and is a global online clothing retailer.
Products sold include casual clothing and wedding and bridesmaid’s dresses.
Lightinthebox’s Features For Sellers
- Dropshipping program
- Listed company
- Available in 23 different languages
Lightinthebox’s Pros & Cons For Sellers
For a seller, Lightinthebox is a fairly low-cost, low-risk option for the sale of low to mid-range clothing.
Lightinthebox’s Features For Buyers
- Online shopping platform
- Wide range of products
- Good selection of shipping options
- Good selection of payment options
Lightinthebox’s Pros & Cons For Buyers
For those simply looking for cost savings, Lightinthebox can be a good solution, however, buyers should not expect products to be of top quality.
As an emerging e-commerce market, China has a huge number of buying and selling platforms and, others include:
Often, different platforms specialize in different kinds of products so, it’s well worth doing your research to find the most appropriate platform for you.
Selling products online can be satisfying and lucrative but, it can also involve a lot of time and effort. For this reason, it’s incredibly important that you choose the platform which is right for you and your products.
With increasing complaints about Amazon’s costs and lack of flexibility, China is emerging as the preferred location for sellers and, there are some great companies out there to help you on your way.
Before committing to an online selling platform, always make sure that you read the rules and regulations to make sure that you know what you’re getting into.
For buyers, you really are spoilt for choice when it comes to finding bargains online – as is testified to by the millions of people shopping on sites like Wish and AliExpress every day.
Before shopping on a new site, always be sure to check the reviews – and the fine print – to avoid disappointment. Happy selling and shopping!
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