11 BEST INTERNATIONAL MARKETPLACES FOR GLOBAL SALES
Marketplaces on the internet were already thriving before to the COVID-19 epidemic, and they have only continued to develop at a quicker rate since then. According to research, foreign marketplaces such as Amazon and eBay accounted for 62.5 percent of global internet expenditure last year.
In terms of selling things globally on the internet, you’re now at a historical high point in terms of potential sales volume. Everything from personal care goods to industrial supplies to furniture has a market and an audience, and you can sell nearly anything if you have a product that people want to buy from you.
In this post, we’ll take a look at some of the top foreign markets for selling your items, as well as some tips on how to maximize the effect of your marketing efforts.
It is time to move on.
How much characteristics distinguish a successful worldwide marketplace?
Choosing the most appropriate overseas marketplace might be difficult since there are so many possibilities. The question is, how can you restrict the field and make sure you’re selecting the appropriate candidate?
Even though there are several factors to consider, the top four boil down to price, target audience, promotional features, and the potential to sell products internationally. Let’s take a closer look at each of them.
Affordability
Consider the costs connected with each overseas marketplace where you buy before making your purchase. In addition to transaction costs, you may be required to pay a monthly membership charge each time you complete a sales transaction. Check to see whether the costs are manageable for you, particularly if you’re just starting out and have limited financial resources.
Audience
In a vast marketplace such as Amazon, you may discover almost any kind of audience you’re searching for. However, this comes at the expense of intense competitiveness.. Selling items that cater to a more narrow niche and consumer base on a smaller-scale platform may prove to be more fruitful than selling on a larger size platform.
Highlights of the promotion
Due to the rapid growth of global ecommerce marketplaces, you will almost certainly be up against severe competition. Is there anything in the marketplace that will position you to be successful in comparison to your competitors? Investigate native marketing solutions that may assist you in increasing your exposure, improving your positioning, and establishing social proof and reputation in the eyes of customers.
You could even come across native advertising, such as that which Amazon provides to vendors.
Exporting skills on a global scale
When selling overseas, you may be shocked at how difficult it can be to keep up with the many regulations and legislation that vary from country to country. Always seek for markets that include elements such as international shipping and carriers, regional payment methods and transfers, and considerations for local taxation, among other things.
The best international ecommerce marketplaces
Having trouble figuring out where to begin your search for the appropriate global ecommerce marketplace? Let us have a look at some of the most well-known names in the business. Even if none of them are a good fit for you, you’ll have a starting point from which to build your study.
1. Amazon is the world’s largest worldwide marketplace.
Amazon is by far the largest worldwide ecommerce platform in the United States, generating more than $125 billion in sales in only the fourth quarter of 2020. Amazon offers a world-class shipping infrastructure and delivers to more than 100 countries globally, offering you a broad delivery range when selling abroad on the platform.
Amazon provides a plethora of tools to assist merchants in their endeavors. Choosing between fulfilling orders yourself or using Fulfillment by Amazon (FBA) to have the corporation handle all of the product storage, packaging, and shipping for you are just a few of examples. You also have tools to assist you handle foreign sales, such as tax collection, at your disposal.
2.ebay.com — foreign marketplace
eBay is the second biggest internal marketplace in the United States. While eBay might not have as large an audience as Amazon, this could work to your advantage if you’re selling specialized items to a certain sort of customer that frequents eBay as their primary online shopping destination. For example, customers between the ages of 35 and 49 make up the majority of eBay’s customer base.
One of the advantages of eBay is that its costs are far cheaper than those charged by other foreign marketplaces, making it an attractive option for businesses on a tight budget. eBay’s fees are typically between 10 percent and 15 percent of the total amount of your transactions.
3. Fruggo.
Fruggo is present in more than 50 countries, with a significant presence in Europe and Asia. Translation technology, which helps convert your listing into more than 25 languages, is also included as an extra benefit to assist boost international sales on the site.
Instead of charging a monthly subscription fee like numerous foreign markets, Fruggo does not charge a monthly fee to use the site. You just have to pay when you make a sale. Furthermore, since it is a UK-based marketplace, it includes built-in capabilities to guarantee that you are always paid in your home currency, as well as features to assist you in managing additional expenses, such as VAT.
4. Cdiscount
Cdiscount is a fast expanding marketplace established in France, with more than 10 million active consumers. A storefront may be opened without any upfront fees or sales restrictions, allowing retailers to expand their business. You have the ability to offer both new and used things in a variety of categories, and there is no limit to the amount of products you may have in your catalog.
Discount also provides fulfillment on demand, which means that you send the things to their warehouses whenever a new purchase is placed by a client with them. Following that, the order is sent via the company’s logistical systems within 24 hours. All of this makes Cdiscount an excellent choice for internet merchants looking to grow their operations into France.
5. Zalando European marketplace: Zalando is an online retailer based in Europe.
With operations in 23 European nations, Zalando is a German ecommerce corporation with a foothold in the United States. Its online markets provide a diverse selection of items in a range of categories, with fashion proving to be the most popular.
Zalando also provides a well-trained foreign support team to assist sellers with the registration process. With their assistance, the process of creating a store and displaying products is straightforward and fast. Zalando Fulfillment Solutions allows merchants to take use of Zalando’s worldwide networks, expertise, and markets by using Zalando’s fulfillment services (ZFS). ZFS is comprised of a large number of warehouse facilities around Europe as well as logistics partners in a number of European nations.
Rakuten (number six)
Rakuten is the best Asian marketplace.
Japanese online marketplace Rakuten has more than a billion clients and operates in more than two dozen countries, making it the world’s biggest online marketplace. The country has gained the moniker “the Amazon of Japan” as a result of this. Rakuten has a number of distinguishing characteristics that distinguish it from other worldwide markets.
R-mail, the company’s unique email marketing technology, assists sellers in developing and maintaining connections with buyers so that they may turn them into repeat customers. In addition, the marketplace provides ecommerce advisors to assist you with your individual seller’s journey. Customers may earn Super Points, which are used to redeem cashback on the marketplace. This program serves to enhance consumer loyalty on the site.
AliExpress is the seventh option.
AliExpress, established in China, is present in more than 230 countries and regions and receives more than 200 million visitors every month. With Singles’ Day, which can be thought of as China’s version of the Black Friday shopping event, the site has built up a strong name for itself.
One significant advantage of selling on AliExpress is the cheap cost of doing so: depending on your goods and categories, fees may range from as little as 5 percent to as much as 8 percent of your gross sales. AliExpress is also well-known for the dependability of its products and the quality of its customer care. As a vendor, you will be paid as soon as your clients get their package from you. Furthermore, consumers may be certain that all client queries are dealt with in a timely and efficient manner.
8. Blibli
Blibli is one of the most popular online marketplaces in Indonesia, with thousands of items available to customers from a variety of categories spanning 15 distinct categories. Because it places a strong focus on providing real, branded items, it has earned a reputation for being quite dependable.
Blibli offers a global seller program that is designed to assist foreign merchants in expanding their operations in Indonesia. You may list products for free, but in order to be admitted into the program, you must offer proof of a legitimate company registration as well as proof of a business bank account. In your capacity as an overseas seller, you may ship your items to Blibli’s fulfillment center. Blibli distributes products across Indonesia and provides merchants with local-language customer service assistance around the clock.
9. Flipkart Sell your products in India with Flipkart.
For the month of October 2021 alone, Flipkart made $4.6 billion in sales, making it the most profitable ecommerce website in India. The platform began as an online bookshop, but it has now evolved to include a variety of other products such as apparel, furniture, groceries, and travel.
Flipkart provides a number of compelling reasons for sellers to list their products on its marketplace. It features a simple design and enables you to build a free merchant profile without having to pay anything. A product listing puts you in front of over 200 million potential customers. When you sell on Flipkart, you won’t have to worry about how you’ll get your items to your clients since Flipkart takes care of everything. Flipkart has a robust fulfillment network consisting of 10,000 delivery agents and more than 200 pick-up hubs, ensuring that your things are delivered quickly while also allowing you to protect yourself from losses via its Seller Protection program, which is available to all sellers.
10.Shopee is the most popular marketplace in Malaysia.
Shopee is without a doubt Malaysia’s most popular online marketplace, with more than 50 million visits every month. Shopee is popular among consumers not just because of its large selection of items, but also because it is mobile-friendly and charges reasonable delivery expenses. This ecommerce website meets all of the buyer’s sweet spots in terms of design.
Listing on Shopee is completely free, and international merchants who have completed less than 100 orders are excluded from paying a commission charge. Furthermore, the platform enables you to provide consumers with a range of payment alternatives, including debit and credit card payments, ATM transfers, and cash on delivery, among others (COD). There are several established fulfillment facilities around Southeast Asia that would accept and distribute your merchandise to Shopee clients, making it a breeze to meet customer demands.
Best Latin America marketplace, according to Mercado Libre, is number 11.
Latin America’s most popular online marketplace, Mercado Libre, is the largest. According to a Web Retailer analysis, Mercado Libre gets over 650 million views every month, with Brazil, Argentina, and Mexico accounting for more than 80 percent of those visits each month.
Online shop Mercado Libre is an all-around destination for items of various types and prices. Using it, merchants may offer items in more than 150 categories, including fashion, electronics, sports goods, home & garden, cellphones & accessories, and many more. In order to accept orders in local currency, international vendors must offer their products and collect their payments in US dollars. You must be admitted into Mercado Libre’s Global Selling program in order to get these and other perks.
Discovering the most appropriate overseas market is essential.
However, although selling on foreign markets may be very profitable, it is not without its difficulties. You’ll have a plethora of alternatives to pick from, and you’ll constantly be up against a lot of competitors.
However, if you do thorough study to guarantee that the following items are met:
When you sell your things, you pay modest commissions.
Getting your product or service in front of the proper audiences is made possible by the marketplace
Access to resources that can assist you in increasing your exposure and ability to be viewed by the appropriate individuals is available to you.
And, of course, if your initial choice(s) aren’t producing the outcomes you were hoping for, you can always try another marketplace. First and foremost, making a move must be emphasized.
