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  In 2019, online marketplaces sold $2.03 trillion in goods, accounting for 58% of worldwide online sales. Many companies want to try their hand at building an online marketplace similar to Etsy, Amazon, eBay, Alibaba, and others. But how to create an online marketplace like Esty? Let’s find out the article below to know how to create an online market like top eCommerce platform. What is an online marketplace? An online marketplace, also known as a multi-vendor marketplace, is a platform where a customer can buy a variety of digital or physical products or services from a variety of sellers, suppliers, or stores. Traditional eCommerce websites, on the other hand, sell things from a single brand or niche.  To create an online marketplace provides quicker operations, a more user-friendly buying experience, and a wider range of products. The marketplace’s owner is in charge of client retention, order administration, website optimization, financial transaction management, and thir...