The ongoing digital transformation of our daily lives, the COVID-19 pandemic, transition to cashless payments — these and other factors make more and more people prefer shopping online instead of visiting brick-and-mortar stores. In 2021, top online marketplaces, such as Amazon, eBay, and Taobao, sold $3.23 trillion worth of goods, and the figure is forecasted to reach $27.15 trillion by 2027. Even in the face of fierce competition, such market size opens tremendous opportunities for new marketplace platforms to fill a niche and build a loyal customer base.

If you wonder how to build a marketplace website, bear in mind that its usability, design, and scalability would largely determine its future success. With over 20 years of experience in creating UX, web & product design solutions, Vide Infra has extensive cross-industrial expertise in the spheres ofeCommerce , real estate, hospitality, and fintech. In the article, we’ll review the main steps of developing an online marketplace, its essential features and share tips on picking the right solution for your concept.