Thursday 22 March 2018

e-Commerce Revolution

Open for business
The real second-hand e-commerce started with eBay.

But the truly global and widespread success e-commerce will achieve with Facebook Marketplace.

Launched in October 2016 in the US, in August 2017 in Europe and in November 2017 in Croatia. Still young but very potent service.

Facebook Marketplace is not a facilitator, but a venue, and all sales details like price, shipping or meeting point are between the seller and the buyer. And, yes, both parts are absolutely free from paying a “rent”.

What user can do:

Search by location (spanning 100 miles away) or browse by a category. If you find something you want, you’ll see the seller’s approximate location, but not their exact address unless they tell you

View items for sale (including basic seller’s profile information)

Make an offer (haggling is also available)

Message a seller (for a meet-up arrangement or payment details as Facebook Marketplace doesn’t provide any payment or delivery options)

Save searches or specific items


How to sell on Facebook Marketplace:

Take photos of your item or add them from your camera roll

Enter a product name, description and price

Confirm your location and select a category

Post it

THE WORLDWIDE RETAIL ECOMMERCE SALES ARE ESTIMATED TO GROW FROM $1.915 TRILLION TO $4.058 TRILLION BY 2020.

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