In addition to Amazon, the Black Friday promotion season is a peak sales season that all major e-commerce platforms do not want to miss, and the same is true for OnBuy. But the difference is that the platform does not require sellers to pay out of their own pockets in the form of discounts or paid advertising.
Moreover, OnBuy’s promotion will last throughout November, and sellers are advised to start from November 1st. In order to better participate in the event, products must be listed on the platform before the end of October.
OnBuy is a local e-commerce platform in the UK that calls itself a "direct alternative to Amazon" . In the past two years, OnBuy has also grown rapidly. In the summer of 2019, the platform's monthly visits were less than 700,000, but by this year, the monthly visits have exceeded 6 million.
During the Black Friday last year, OnBuy also witnessed an explosive growth in orders, with sales and visitor numbers double that of previous years. According to specific data, in 2019, OnBuy's sales on Black Friday alone exceeded £1 million, five times the sales in 2018, and last year's Black Friday sales reached £2.5 million. This year's Black Friday sales are even more worth our anticipation and curiosity.
As the fourth largest marketplace in the UK, OnBuy has not yet revealed their plans for the fourth quarter of this year, but based on past experience, they will do their best to attract sales for their sellers . OnBuy itself will not sell on its own platform, but is just a platform that provides services to sellers. All sales come from third-party sellers. What sellers need to do most is to seize more market opportunities.
Some time ago, OnBuy also completed a 35 million financing to increase its competitive advantage in the European e-commerce market. The founder of OnBuy also said; "By the end of 2021, the global e-commerce market is expected to reach 4.2 trillion US dollars, and this figure will grow in the next few years. We will also tap into greater potential and take our platform to a new level. At the same time, we will also let more people see, challenge and change the current online market landscape."
As an important local e-commerce platform, we can also wait and see the subsequent development of OnBuy. Europe U.K. OnBuy |
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