WHAT ARE TOP 10 ECOMMERCE SITES IN THE WORLD — UPDATED 2023
Due to the development of internet purchasing platforms, people are turning away from brick-and-mortar stores and online shopping. E-commerce will generate more than $6.5 trillion in sales by 2023, accounting for 22% of all global retail sales. If you want to increase sales and reduce cost, selling on one of the top eCommerce sites in the world will be a brilliant idea. Sellers can reach more customers in both domestic and foreign markets. So, what is the best online shopping platform that merchants should invest in?
Let’s find out the top 10 eCommerce sites in the world in this article!
Top 10 eCommerce sites in the world:
1. Amazon
- Established: 1994
- Headquarter: Seattle, Washington, USA
- Monthly unique visitor: 524.47 million visits
Amazon is one of America’s Big Five corporations, as well as one of the most valuable brands. Millions of customers have clearly made Amazon one of the top 10 eCommerce websites in the world due to convenience and diversity. Books, music, technology, and clothes are among the things sold by the firm. Amazon also provides a number of other services, such as cloud computing and internet streaming.
It has six main business models that merchants can use to sell products on the platform: Private label, wholesale, retail arbitrage, online arbitrage, dropshipping and handmade. Besides, the corporation makes money through marketing services in addition to its primary operation. This platform provides hundreds of various product categories uploaded by retailers to customers. It also allows third-party sales on its websites.
2. eBay
- Established: 1995
- Headquarter: Bay Area, San Francisco, USA
- Monthly unique visitor: 819.46 million visits
eBay is a popular online shopping platform that is one of the top eCommerce sites in the world. Buyers can use the site for free, but sellers must pay to post their things with a limited number of free auctions and to sell them.
eBay is a consumer-to-consumer (C2C) and business-to-consumer (B2C) online marketplace where consumers can buy and sell a wide range of products and services. It is one of the largest worldwide online markets, with over 900 million active members. There are six business models for eBay merchants, including reselling, dropshipping, retail arbitrage, liquidation or surplus, wholesaling and deep niche.
Source: https://magenest.com/en/top-ecommerce-sites-in-the-world/
