An online marketplace is an eCommerce site that sells products and services from multiple sellers. In contrast with drop shipping, marketplaces operate through a revenue-sharing model and allow the customer to interact directly with the maker. Site owners curate and develop strong relationships with their sellers without having to hold and manage inventory or product listings.
Enterprise-level marketplaces can easily cost over a million dollars to develop. And, once they’re built, a team of developers and operational staff is needed to keep it running. MakerPlace, on the other hand, is an affordable eCommerce platform tailored specifically to regional and niche eCommerce needs.