OnBuy Seeks More International Sellers to Meet Burgeoning UK eCommerce Growth
After another successful year, OnBuy.com announced it is looking to recruit more international retailers to sell on its marketplace platform.
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- AI can change your entire social media game today. Learn how you can save time writing engaging content faster. [sponsored]
- How to lower your taxable income and pay less in taxes. [sponsored]
- ‘My Community Made’ is a new marketplace to compete with Etsy and Amazon Handmade.
- EXCLUSIVE: Interview with Chris Prill, VP eBay Motors, discussing the new Guaranteed Fit program.
Opening up more opportunities to access British customers, the announcement follows the company being recognized in The Financial Times’ 1000 fastest growing companies in Europe listing.
According to eMarketer, the lucrative UK consumer market is the world’s third-largest online audience, providing international sellers with an incredibly diverse and responsive consumer base.
Revenues have grown by double digits in the past five years. This is because the nation of online shoppers embraces the convenience of eCommerce and the savings to be realized by sourcing products from other markets.
Online sellers entering the UK ecommerce market can expect to see sustained growth as sales are forecast to continue to rise.
Since its inception in 2016, OnBuy has existed to redefine the marketplace model by vowing never to compete with its retailers.
Instead, the marketplace prioritizes treating them fairly as equal partners, offering them competitive selling fees, PayPal seller protection and dedicated support.
With this seller-friendly business philosophy, OnBuy has attracted more than 11,000 retailers, hosting over 36 million products on the platform.
There is a strong underlying demand for a marketplace like OnBuy worldwide that champions a ‘retailer first’ approach. Following a recent investment round, OnBuy has been able to invest heavily in product improvements and localized payment options.
OnBuy – UK Today, The World Tomorrow
This means the company is in a robust position to offer its services to international retailers looking to enter the UK market and eventually the world as the marketplace is laying down plans to expand internationally.
“We created OnBuy to provide something unique: a clear, level playing field which allows retailers to thrive. We want to take this model and offer it to overseas retailers wishing to take advantage of targeting the profitable UK consumer market. Our vision is to be ‘the best choice for every customer everywhere’, so we’re keen to start building international relationships and expanding our presence, putting us one step closer to making this vision possible.”Cas Paton, founder and CEO of OnBuy
To find out more about the benefits of selling on OnBuy, visit this link here.
Connect with us: Head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Subscribe to Our Newsletter
Business Insights for Your Online Business Presented with a Dash of Humor
We do not share your information and you can unsubscribe anytime.
Editorial Note: This post is from a Company Press Release and may have been modified for clarity.