Open market is trading products online also well known as E-commerce. These are web sites for retail, selling directly to consumers that provide a marketplace online. It acts like a third party for business to customer or customer-to-customer sales with a minimal charge plus taxes for the retailers.
Among developing economies countries china has grown a huge market in online trade, Brazil’s E- Commerce is growing quickly with retail E-Commerce sales, in India there is also rapid growth in online open markets, which is impacting offline retailers due to price competition.
There are many open market website in the United States, ebay.com and amazon.com are the very popular open market websites.
EBay is a MNC e-Commerce Company that provides C to C, B to C sales over the Internet. it also works in various countries.
Amazon.com It is the largest Internet-based retailer in the United States, now it’s operating in the United States, United Kingdom & Ireland, France, Canada, Germany, The Netherlands, Italy, Spain, Australia, Brazil, Japan, China, India, Mexico, and is still expanding into other countries.
Difference between Ebay and Amazon
Ebay is as an auction site. However, there are no auctions on Amazon.com
On ebay.com, we buy only from sellers registered with ebay.com – ebay acts only as a mediator, we can get buyer protection to some extent.
On Amazon, we can either buy new items directly from Amazon or from marketplace sellers. If we purchase directly from Amazon, our purchase is guaranteed by Amazon.com, if you buy from a marketplace seller, you have buyer protection too but there are some restrictions.
The visitors trends for ebay.com , Amazon.com And Etsy.com
If you want to sell your products, eBay and Amazon are both open market. The majority items that sell on Amazon will also sell on eBay.