{"id":144727,"date":"2024-10-29T09:00:04","date_gmt":"2024-10-29T13:00:04","guid":{"rendered":"https:\/\/www.rithum.com\/?p=144727"},"modified":"2024-10-30T00:12:52","modified_gmt":"2024-10-30T04:12:52","slug":"3-reasons-why-retailers-and-brands-sell-3p-commerce-marketplaces","status":"publish","type":"post","link":"https:\/\/old.rithum.com\/au\/blog\/3-reasons-why-retailers-and-brands-sell-3p-commerce-marketplaces\/","title":{"rendered":"Three Reasons Why Retailers and Brands Are Choosing to Sell Through Online Marketplaces"},"content":{"rendered":"

Retailers and brands are ramping up their use of third-party (3P) commerce as part of their e-commerce selling strategy. According to \u201cThe State of 3P Commerce <\/span>Report<\/span><\/a>\u201d by Rithum and Wakefield<\/a> Research, 51% of global retailer and brand executives said they have used a 3P business model for less than a year. There are several underlying factors why retailers and brands are including 3P commerce as part of their multichannel selling strategy. Here, we share three key drivers identified in the report:<\/span>\u00a0<\/span><\/p>\n

1. Retailers and brands want to reach more consumers online.<\/span><\/b>\u00a0<\/span><\/h3>\n

\"40%Today\u2019s consumers are shopping online. Retailers and brands need to be present where shoppers already are \u2013 they can\u2019t decide for consumers where they should shop. 40% of executives surveyed said reaching a larger consumer base is a top reason why they\u2019re selling using a 3P commerce business model. <\/span>\u00a0<\/span><\/p>\n

2. Expand your access to more digital marketing opportunities.<\/span><\/b>\u00a0<\/span><\/h3>\n

Retail media advertising allows retailers and brands to reach \u2013 and target \u2013 consumers as they shop online. 36% of surveyed executives said they use 3P commerce to have access to broader <\/span>digital marketing<\/span><\/a> opportunities, such as retail media advertising.<\/span>\u00a0<\/span><\/p>\n

3. Increase cross-border e-commerce selling opportunities.<\/span><\/b>\u00a0<\/span><\/h3>\n

It can be difficult to manage product inventory, product information and catalog translations at scale when selling internationally. Retailers and brands must also consider how to navigate cross-border payments, currency valuations, global logistics, international legal requirements and other factors when selling cross-border. 36% of surveyed executives said that a primary motivation for using a 3P commerce business model is so they can add or expand their cross-border opportunities.\u00a0<\/span>\u00a0<\/span><\/p>\n

How Rithum can help sellers grow profitably on marketplaces<\/span><\/b>\u00a0<\/span><\/h2>\n

Today\u2019s consumer is comparison shopping. Through<\/span>\u00a0its access to<\/span> <\/span>hundreds of channels<\/span><\/span><\/a>, <\/span>Rithum<\/span> can <\/span>help <\/span>retailers<\/span> and brands<\/span> with their efforts to<\/span> maximise growth<\/span><\/span><\/span>. <\/span>Expanding into global marketplaces such as Amazon, eBay, Catch, MyDeal, Kogan, Walmart, Zalando and others, requires managing and updating product catalogues. This manual process takes time and costs resources. By automating the process through Rithum, retailers and brands can make updates in real time through one platform.<\/span>\u00a0<\/span><\/p>\n

Rithum\u2019s platform helps sellers optimise their retail media advertising strategy on marketplaces by adjusting bidding, targeting and budgeting in real-time. By using sponsored product listings, banner ads and video ads, sellers can increase visibility and engagement directly with retail platforms.<\/span>\u00a0<\/span><\/p>\n

Selling cross-border requires managing multiple languages, legal requirements, logistics and other factors. Rithum <\/span>partners<\/span><\/a> with a network of the world\u2019s leading fulfillment and logistics companies to facilitate cross-border e-commerce expansion. Features like Rithum\u2019s <\/span>AI Magic Mapper<\/span><\/a> uses artificial intelligence to help brands reduce time-to-site and can reduce the time it takes sellers to onboard to new <\/span>global marketplaces<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

Download the full<\/span> report<\/span> to learn more about the other reasons retailers and brands are turning to 3P commerce to grow profitably<\/span> <\/span>here<\/span><\/span><\/a>.<\/span><\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Retailers and brands are ramping up their use of third-party (3P) commerce as part of their e-commerce selling strategy. According to \u201cThe State of 3P Commerce Report\u201d by Rithum and Wakefield Research, 51% of global retailer and brand executives said they have used a 3P business model for less than a year. There are several […]<\/p>\n","protected":false},"author":167,"featured_media":144703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[10744,15389,8339,8800,9575,7683,7684,9577],"asset-type":[13744,5380],"audience":[13407,13410],"bio":[],"topic":[15427],"class_list":["post-144727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-consumer-behavior-au","tag-cross-border-au-3","tag-digital-marketing","tag-digital-marketing-2-au","tag-e-commerce-au","tag-marketplaces-au","tag-multichannel-au","tag-retail-media-au","asset-type-blog-au","asset-type-report-au","audience-brands-suppliers-au","audience-retailers-au","topic-3p-commerce-au"],"acf":[],"yoast_head":"\nThree Reasons Why Retailers and Brands Are Choosing to Sell Through Online Marketplaces - Rithum<\/title>\n<meta name=\"description\" content=\"Retailers and brands are ramping up their use of third-party (3P) commerce as part of their e-commerce selling strategy. 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