A good summing up Nice and clear. Thanks! One advantage to Marketplaces is that they handle the EU VAT if you want to sell into EU countries. It started in July that one way or another you have to charge an EU customer extra VAT. This is something that keeps me on eBay rathre than than selling elsewhere
Thank you and that is good to know that Ebay have started doing that (I haven't sold on there since 2019). I've known a few people who have had issues posting things to the EU since we left so it is good that marketplaces are doing what they can to make life a bit easier.
What liked about this video is most youtibers go one way say website is best and markplace is rubbish. And vise versa. But you not. You shared both ways. You touched on mutichanel selling. Maybe you can expand on that going forward. Be it integrations etc reviews etc. As their so many out their and ways to do it. And not many youtubers cover this.
Thanks Mark, I do try and be different from the rest and give my perspective on thing and thank you for the suggestion, I can definitely look into doing a video on multichannel selling in the future.
Thank you. The easiest way to get started is as a sole trader as this requires less admin and basic bookkeeping. Ltd company isn't a requirement but may offer some advantages depending on your situation. Having a chat with a chartered accountant is always worth it as they will be able to provide you with specific advice.
Hi, thanks for the explained video 😊 I have a question please.. If I want to build my own marketplace (and have different sellers) When a client places an order of many products from different sellers.. How does the logistics go? Every seller sends to the client his own product? Thank you :)
Could you share more insight on the deliver aspect of an Online Marketplace. Currently I’m working on project, an online marketplace but the delivery process is somewhat confusing! If you reply I’ll elaborate more!
@@EcommerceGold Building an online marketplace, is it possible to get your email. I have series of varying questions and thoughts and I would appreciate your intake on it. Thank you.
