Online Marketplace or Online Shop\Store, which one should I go for to create my website this is what I am going to explain you in Hindi.
Both the things Online marketplace and Online store are different in terms of operating and features.
Online marketplace : is a place where you reach different vendors of the products and request them to put in at your site, you do the work of marketing for your site.
In this model you will get profit by earning the commission.
Online Store or Online Shop : is completely different from marketplace websites, in this type of approach you will be placing the products which either you have purchased or using it from various drop shipping sites.
You are earning directly by selling the products there is no commission.
What is Drop-shipping : This approach which you can try to play when you have generated lead of various subscribers or you have many followers. In this model you can have a website and on that website you put the products with increased prices of various sites which allow dropshipping, a list of sites are mentioned below:
When a user visit your site and purchase the item from your site, which has value which you have already increased in background, the order is placed at original site and they deliver the product on your behalf to the user. So you make a margin money here(the price which you have increased for the product)
Please watch the complete video for proper understanding.
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