Marketplace business model

What Is Marketplace Software?

Learn how marketplace platforms built on the consumer-to-consumer (C2C) model work. Explore the ecosystem with examples from Turkey and around the world.

Multiple sellers
Commission revenue
Scalable
Global model

What is marketplace software?

In this context, “consumer to consumer” (C2C) is an acronym formed from the initials of those words. In plain language it means “from consumer to consumer.”

Key point

Many large e-commerce sites in Turkey and globally run on a marketplace software model. In practice, almost all well-known online retail platforms use marketplace-style software.

Types of marketplace software

Marketplace platforms are usually grouped into three main categories:

1

Product sales

Marketplaces that sell physical or digital products—e.g. Trendyol, N11, Hepsiburada.

High competitive upside
2

Service sales

Marketplaces for freelance and on-demand services—e.g. Armut.com, Bionluk.com.

Medium competition
3

Classifieds

Listings where rental or sale is often completed off-site—e.g. Sahibinden.com.

Very tough competition

Market snapshot

Competing with classifieds and pure service marketplaces is extremely hard. In Turkey, sahibinden.com dominates classifieds, while armut.com and bionluk.com lead many service categories.

Monthly visitor stats (March 2024)

sahibinden.com 115M Monthly visitors
arabam.com 7M Monthly visitors
hepsiemlak.com 7.1M Monthly visitors
armut.com 2.7M Monthly visitors

Source: similar.com

Product marketplaces: the biggest opportunity

Winning even a small share from dominant classifieds or service players usually takes very heavy ad spend, while carving out share in product marketplaces is often more achievable. Many buyers today order items they first saw on Instagram or social channels.

Instead of the 20–30% commission large Turkish marketplaces charge sellers, you can attract vendors with commissions closer to around 15%.

Marketplace sites in Turkey

trendyol.com
n11.com
hepsiburada.com
sahibinden.com
hepsiemlak.com
yemeksepeti.com
getir.com
letgo.com
dolap.com
bionluk.com
armut.com

Marketplace sites worldwide

booking.com
etsy.com
freelancer.com
fiverr.com

What these platforms share is that products or offers are uploaded by suppliers, sellers, or consumers; when a sale happens on the site, the party that listed the item earns revenue. The marketplace operator typically earns roughly 15% to 20% commission on those sales.

What a marketplace owner must do

1

Supplier management

Keep onboarding multiple suppliers so new products are added to the site continuously.

2

Merchandising & highlights

Structure the site so visitors stay longer and eye-catching products get prominent placement.

3

Advertising strategy

Define the right ad mix to bring the right audience to the marketplace at sustainable cost.

4

Product compliance

Monitor listings to block counterfeits, illegal goods, and adult content.

5

Communication oversight

Oversee interactions between sellers and buyers where your policies require it.

6

Performance tracking

Track seller performance and step in when shipments are late, wrong, or damaged.

7

Seller incentives

Reward high-volume, highly rated sellers with badges, “trusted seller” status, or commission breaks.

Team recommendation

Few founders can run all of these responsibilities alone while launching a marketplace on marketplace software.

Supplier relations specialist

Someone who can build supplier relationships, onboard catalog data, and keep it up to date.

Graphic designer

A designer (e.g. Photoshop) who can produce sliders and banners to promote trending products.

Instead of a full-time hire, you can source freelance designers affordably through platforms like bionluk.com.

Launch your marketplace project

Fill out our demo form to explore Softomi’s marketplace e-commerce software, or speak with our consultants right away.

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