Business

Top 10 online marketplaces in 2023: a guide to leading ecommerce platforms

Published

2 years ago

April 26, 2023

With the growth of ecommerce, online marketplaces are becoming increasingly popular. In 2023, there will be a variety of platforms available to choose from. This guide will provide an overview of the top 10 online marketplaces in 2023 and their features. We’ll look at their advantages and disadvantages, as well as the use cases where they are most useful. We’ll also discuss how these platforms can help businesses reach more customers and increase sales. By understanding the leading ecommerce platforms, businesses can make an informed decision on which platform is best for them in 2023.

The ecommerce industry has seen tremendous growth over the past few years, and this trend is expected to continue in the coming years. As more businesses move online, it is important to know which are the top 10 online marketplaces that will dominate the ecommerce landscape in 2023. This guide will provide an overview of the leading ecommerce platforms and their features, as well as insights into how businesses can leverage these platforms to maximize their success. With this information, businesses can make informed decisions when choosing an online marketplace for their business needs.

What are online marketplaces?

Online marketplaces are the digital equivalent of physical stores and serve as online hubs for buyers and sellers to interact. These platforms offer a wide range of products from different vendors, making it easy for customers to compare prices and find what they’re looking for in one place. With the help of technology, these marketplaces have become an integral part of the modern shopping experience, allowing users to shop from anywhere in the world with just a few clicks.

Online marketplaces: benefits

Online marketplaces are becoming increasingly popular as they offer a range of benefits to both buyers and sellers. Not only do they make it easier to find the products you’re looking for, but they also provide competitive pricing and a convenient shopping experience that can’t be found in physical stores. With an ever-expanding range of products, these marketplaces offer something for everyone – from the savvy shopper to the casual browser.

Online marketplaces offer a variety of benefits to buyers and sellers, from convenience and cost savings to increased visibility and greater choice. With online marketplaces, buyers can easily compare prices, products, and services for a better buying experience. Sellers can reach more customers and create wider brand awareness. For businesses, online marketplaces provide an opportunity to expand their reach and grow their customer base. Online marketplaces are becoming increasingly popular as they offer a wide range of benefits for both consumers and businesses. They provide customers access to a larger selection of products, more competitive prices, convenience, and faster delivery times. For businesses, online marketplaces offer an opportunity to reach a wider audience without the need for extensive marketing campaigns. They also provide an easy way to track customer purchasing trends and feedback in real-time.

Top 10 online marketplaces to sell in 2023

With the exponential growth of online shopping, e-commerce stores have become increasingly popular. With the right platform, even small businesses can reach a wide customer base and generate significant profits. The top 10 online marketplaces to watch out for in 2023 include Amazon, eBay, Etsy, Shopify, Alibaba, Rakuten, Wish, Newegg Marketplace and Walmart Marketplace. Each of these platforms offers unique features that make them an ideal fit for sellers from all industries.

#1 top online marketplace: Amazon

Amazon is the world’s leading online marketplace, offering a variety of products and services to meet the needs of customers from all over the globe. With Amazon, customers can purchase anything from groceries to electronics with just a few clicks. It has revolutionized the way people shop, making it easier and more convenient than ever before. It has become the go-to destination for shoppers looking for great deals on quality items from top brands. With competitive pricing and excellent customer service, Amazon is truly changing the face of online shopping.

#2 top online marketplace: eBay

eBay is one of the most popular online marketplaces in the world. It has been around since 1995 and is known for its user-friendly interface and wide array of products. Additionally, eBay offers a variety of features such as auctions, fixed-price sales, and buyer protection plans that give buyers confidence when making purchases. Another top online marketplace is Amazon which has become increasingly popular in recent years due to its extensive product selection and convenient delivery options. Both eBay and Amazon offer shoppers an easy way to find what they are looking for at competitive prices.

#3 top online marketplace: Etsy

Etsy is one of the most popular online marketplaces for handmade products, vintage items, and craft supplies. It offers sellers a great platform to showcase their talents and reach an international audience. Etsy also provides buyers with a wide selection of unique items that are not available in traditional stores. With its easy-to-use interface and secure payment system, Etsy has become the go-to destination for creative entrepreneurs looking to start their own businesses or find unique and special items.

#4 top online marketplace: Allegro

Allegro is one of the top online marketplaces in Europe. It offers a wide range of products from clothing to electronics and provides an easy-to-use platform for buyers and sellers to interact. With its fast delivery times, user-friendly interface, and secure payment options, Allegro has become an increasingly popular choice for shoppers looking to buy or sell goods online. Allegro is one of the leading online marketplaces in Poland. Allegro offers a wide variety of products, from clothing and accessories to electronics and home decor, at competitive prices. It also provides secure payment methods and delivery options. With millions of active users, Allegro is a great destination for shoppers looking for quality products from trusted sellers.

#5 top online marketplace: Walmart

Walmart is one of the most widely used online marketplaces in the world. It offers a wide selection of products available to buy, ranging from groceries and clothing to electronics and furniture. With competitive prices and convenient delivery options, Walmart makes it easy for customers to shop online. Additionally, Walmart’s customer service is top notch, with helpful staff who are always willing to answer any questions you may have about an order or a product. With its wide selection of products, competitive prices and customer service, Walmart stands out as one of the top five online marketplaces.

#6 top online marketplace: Cdiscount

Cdiscount is one of the top online marketplaces in France, offering a wide range of products and services. It has quickly become a popular shopping destination for French shoppers, with its easy-to-use interface and competitive prices. Cdiscount provides customers with a convenient way to shop from the comfort of their homes or on the go with their mobile app. With its vast selection of products and services, Cdiscount offers something for everyone – from electronics to clothing, beauty to home décor, it’s all available at unbeatable prices.

#7 top online marketplace: Mercado Libre

Mercado Libre is one of the top seven online marketplaces in the world, offering a wide range of products and services. It is a great choice for entrepreneurs looking to start an e-commerce business or expand their existing business. With its easy-to-use platform, global reach and secure payment systems, Mercado Libre makes it easier than ever to buy, sell, and manage products online. Its user-friendly search functions and secure payment methods make it an ideal choice for customers looking for a safe and reliable way to shop online.

#8 top online marketplace: Alibaba / Taobao / Tmall

With the wide spread adoption of e-commerce, it is no wonder that online marketplaces have become increasingly popular. Among the most successful are Alibaba, Taobao and Tmall, three of the biggest online marketplaces in China. Each platform offers its own unique advantages, from Alibaba’s extensive range of products to Taobao’s price competitiveness and Tmall’s focus on quality. Together these three platforms provide a comprehensive range of options for those looking to buy or sell goods online.

#9 top online marketplace: Shopee

Shopee is one of the leading online marketplaces in the world, offering a wide range of products and services to its customers. With its easy-to-use platform and online payment methods, shoppers can browse and purchase items with ease. Shopee also has a comprehensive loyalty program that rewards customers for their purchases as well as offering discounts and promotions. The marketplace also has an array of features such as product reviews, customer service, search tools and more that make shopping on Shopee a seamless experience.

#10 top online marketplace: Craigslist Reno

If you are looking for an online marketplace to buy, sell or trade items in the Reno area, Craigslist Reno is a great place to start. With more than 10 top categories and thousands of listings, it’s easy to find what you need with just a few clicks. Whether you are looking for furniture, electronics, cars or clothes, Craigslist Reno has something for everyone. With its wide range of products and services available at competitive prices, it is no wonder why so many people in the Reno area turn to Craigslist Reno as their go-to online marketplace.

Top marketplaces & choosing the right ecommerce platform: conclusion

Choosing the right ecommerce platform for your business is essential for success. With so many different marketplaces available, it can be difficult to choose the one that will best suit your needs. Fortunately, by assessing the features, pricing and customer support offered by each marketplace, you can make an informed decision and select the platform that is most suitable for your business. As ecommerce continues to grow and evolve, selecting the right marketplace and platform is key to success. It’s important to consider factors such as customer service, security, scalability, pricing plans, and features when deciding on a platform. With the right combination of features and services, businesses can launch their ecommerce store quickly and efficiently.

Business

NCAA Certifies Elin Group Aircraft Maintenance

Published

4 days ago

September 29, 2025

The Tide

The Nigerian Civil Aviation Authority (NCAA) has certified Elin Group Limited to operate as an approved aircraft maintenance organization (AMO).

Elin Group Limited confirmed the certification in a Statement released at the Weekend.

The Executive Director, Elin Group Limited, Engr. Dr. Benedict Adeyileka, noted the significance of the certification, stating that it recognizes the company’s commitment to upholding high maintenance standards.

Adeyileka also stated that “the issuance of the AMO Certificates and OPSPEC by the NCAA is a landmark for both Elin Group and Nigeria’s aviation industry. This approval empowers us to maintain our fleet and extend services to other operators, thereby supporting the sector’s growth.

“It affirms the standards we have upheld over the years and places on us the responsibility to expand services that strengthen the aviation ecosystem. We thank the NCAA for their confidence in our capabilities.

“This recognition inspires us to keep striving for excellence and innovation in building a stronger, safer, and more sustainable aviation industry.”

The certification follows the company’s recent completion of a 7,800 landings maintenance check on its Bombardier Challenger 604 aircraft and Agusta A109E helicopter.

This type of inspection, similar to a D-check in commercial aviation, was conducted entirely in Nigeria for the first time.

With the NCAA approval, Elin Group is authorized to maintain its own fleet and provide maintenance services to other operators.

The certification is expected to contribute to the growth of local aviation maintenance capabilities.

“PenCom Raises Capital Requirement For PFAs To N20b

…Sets December 2026 Deadline

The National Pension Commission (PenCom) has announced a sweeping revision to the capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the minimum threshold for PFAs tenfold, from N2 billion to N20 billion.

The move, aimed at strengthening financial stability and operational resilience, marks one of the most significant regulatory shifts in Nigeria’s pension industry in over two decades.

In a circular titled “Revised Minimum Capital Requirements for Licensed Pension Fund Administrators and Pension Fund Custodians”, PenCom stated that PFAs with Assets Under Management (AUM) of N500b and above must now maintain a capital base of N20 billion plus 1% of the excess AUM beyond N500 billion.

The revised capital requirements for both PFAs and PFCs would take effect immediately for new licenses, while existing operators have until December 31, 2026, to comply.

PenCom would monitor compliance every two years based on audited financial statements, and any shortfall must be rectified within 90 days.

PenCom emphasized that the review is anchored in Sections 60(1)(b), 62(b), and 115(1) of the Pension Reform Act (PRA) 2014. It aims to support the long-term viability of pension operators, improve service delivery, and ensure the sustainability of the Contributory Pension Scheme (CPS), which has now been in operation for 21 years.

“PFAs are therefore required to maintain adequate capital to sustain the achievements of the CPS, support ongoing pension reform initiatives, and deploy adequate resources to effectively fund operations,” PenCom stated.

PFAs with AUM below N500b are also required to meet the new N20 billion minimum. Special Purpose PFAs, such as NPF Pensions Limited, must hold N30 billion, while the Nigerian University Pension Management Company Limited is required to maintain N20 billion.

“The capital requirement was reviewed in line with global best practice, which ensures that capital is proportionate to the risk exposure of the Pension Fund Operator. The new model aligned the capital requirement with the Pension Asset Under Management (AUM) and Assets Under Custody (AUC) of the PFAs and PFCs respectively”, the circular stated.

For Pension Fund Custodians (PFCs), the minimum capital requirement has been raised from N2 billion, unchanged since 2004, to N25 billion plus 0.1% of AUC.

The Commission cited the exponential growth in assets under custody and the increasing complexity of operations, including technology deployment, cybersecurity, and staff welfare, as key drivers of the revision.

“The operating landscape of PFC business has evolved significantly over 21 years,” the circular noted. “These developments underscore the need to reassess the adequacy of the existing capital threshold to ensure continued financial stability and effective risk management”, it stated.

The announcement signaled PenCom’s commitment to aligning Nigeria’s pension industry with global standards, ensuring that operators are well-capitalized to navigate macroeconomic pressures and deliver secure retirement benefits to millions of Nigerians.

Business

SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Published

4 days ago

September 29, 2025

The Tide

The Corporate Affairs Commission (CAC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are deepening partnership to ease business registration for small business owners in the country.

The agreement would provide the framework for free registration of 250,000 Micro Small and Medium Enterprises (MSMEs) across the country.

The Registrar-General, CAC, Hussaini Magaji, revealed this during the signing of a Memorandum of Understanding (MoU) between both organisations, in Abuja, at the Weekend.

Magaji said that the framework provided under the Renewed Hope Agenda of President Bola Tinubu’s administration would eliminate cost barriers by waiving all statutory fees.

According to him, entrepreneurs would now be able to obtain certificates seamlessly, without delays or middlemen, through the CAC portal.

He said, “Formalising a business is more than obtaining a certificate.

“It provides entrepreneurs with a legal identity, improves access to finance and markets, enhances record keeping and strengthens compliance with tax or regulatory obligations.

“For the government, it expands the tax base, improves policy design and reflects the two sides and contribution of our MSME sector.

“By formalising an additional 250,000 enterprises under this initiative, we are helping to create jobs, foster innovation and build a more inclusive economy,” he said.

The registrar-general, while commending SMEDAN on the partnership, urged the MSMEs to take advantage of this opportunity to formalise their businesses, access new opportunities and become part of Nigeria’s growth story.

Magaji also appealed to the media to Partner in amplifying this message to ensuring that every deserving entrepreneur is carried along.

On his part, the Director-General of SMEDAN, Charles Odii, hailed the initiative as a milestone for small businesses, describing it as one of the “big wins” of the current administration.

Odii explained that SMEDAN would mobilise, profile and guide eligible businesses for registration through its dedicated online portal.

He insisted that the platform would eliminate the role of middlemen, who previously inflated registration costs, sometimes charging between N30,000 and N100,000 against the official CAC rate of about N11,000.

Odii said the initiative would complement the President’s N200 billion economic assistance programme, which provides N50 billion in grants for nano businesses, N75 billion in single-digit loans for SMEs and N75 billion for manufacturers.

He said that the interventions demonstrated the resolve of government to ease the cost of doing business and expand opportunities for entrepreneurs.

The director-general said that the MoU was timely, especially as CAC prepared to review its fees by October, reiterating that the initiative ensures 250,000 businesses will benefit from free registration before the review.

According to Odii, many businesses collapse within their first five years due to a lack of structure, noting that registration was the first step to building resilience.

The SMEDAN boss assured that beyond registration, SMEDAN would continue to support entrepreneurs through business clinics, advisory services and linkages.

He said this would be done in collaboration with other agencies such as the Standards Organisation of Nigeria (SON) and the Nigerian Export Promotion Council (NEPC).

Odii also commended the President’s move to raise the tax exemption threshold for small businesses with N25 million to N50 million annual turnover, saying it will reduce the burden on enterprises and encourage compliance.

He thanked the Registrar-General of CAC, the Federal Ministry of Industry, Trade and Investment and the Chief of Staff to the President for their support in bringing the initiative to fruition.

Business

Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Published

4 days ago

September 29, 2025

The Tide

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.

Coordinating Minister of the Ministry,
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.

The Permanent Secretary of the ministry, Olufemi Oloruntola, stressed that the funding gap must be closed to move from policy to practice.

“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.

He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.

Oloruntola argued that the sector’s potential goes beyond trade, pointing to the surge of diaspora spending every festive season. With the right coastal infrastructure, he said, the marine economy could capture a slice of those inflows as foreign exchange and revenue.

The Chief Executive, Nigerian Exchange (NGX), Jude Chiemeka, said blue bonds, which are loans raised through the capital market, but tied specifically to projects that protect or develop marine projects, could unlock huge sums of much-needed capital.

He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”

The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.

Seychelles, he pointed out, raised $15 million from a blue bond to support its fisheries industry, a scale Nigeria, with over 853 km of coastline and significant freshwater bodies, could surpass.

Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.

“Even the most innovative financial tools and private investments require a solid public funding base to thrive.

“We therefore call on the relevant authorities, most especially the National Assembly, to prioritise the marine and green economy sector.”

“Nigeria must match ambition with resources” and “strategy into execution”, he said

It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.