Looking at the huge success of top honchos like- Airbnb, Uber, Alibaba, and Amazon that are bathing billion dollars, the new fishes are trying to play catch-up with them with two-sided Ecommerce marketplace development. The popular Ecommerce marketplaces have started with small but scored high popularity because the values were clear from the beginning.  

For instance, Airbnb resolved the chicken and egg problem of the real estate market where the pool of customers looking for a cost-effective rented house or apartment for a few weeks, days, or months are connected with local people who want to rent the extra space in their apartment or vacant house. The USP of the app helped in matching the customers’ demand for easy and inexpensive rental houses with owners of properties.

If everything goes right, the rewards are in abundance.

What Is a Two-Sided Ecommerce Marketplace?

It’s a business model that provides a platform to the two different user groups where they can get benefited from the economic exchange on a large network. The website act as an intermediary that allows buyers and sellers to meet, connect, identify products, facilitate the transaction, and so on… The owner gets the commission on every transaction that occurs on the platform with no need to maintain or manage inventory.

Uber is the best instance of it that connects riders and drivers and gets a percentage of the transaction amount after every ride. Uber owns no car or drivers but builds a platform where riders and drivers can collaborate and connect. Also, the company sets rules, terms, and conditions, and enforces some regulations that drivers have to follow for the seamless functioning of the business.