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Facebook Marketplace isn't a C2C platform, a common misconception. It is more of a B2C platform where businesses can sell their products direct to consumers. It isn't a classified ads model but a complete eCommerce model. Initially, Facebook Marketplace was only offering users to list and purchase items locally. Now Facebook has added more features due to a spike in demand such as processing a transaction through checkout as well as option to offer to ship.
Currently, Facebook Marketplace is open to US-based businesses selling new products online, however, it is expected to be rolled out in more countries pretty soon.
It's a good time to jump to it because it becomes crowded. There are plenty of reasons to try Facebook Marketplace
1. Facebook Marketplace has low selling fees — Commission rate is 5% of the transaction or $0.40, whichever is higher, for any transaction under $8.0. Commission Rates do not change on the basis of the type of product like major platforms are doing. No Listing fee at all, you can upload unlimited products.
2. Facebook Marketplace is simple to move to — The onboarding process is simple and easy. Just input your business info, adjust your shipping, adjust your tax settings, link your payment account and that's it.
3. You can target Instagram as well — You can take your marketplace to Instagram as well. You can use the same catalog for checkout on Instagram. The commission rate remains the same across Facebook and Instagram. This way, you can reach more audiences in just a matter of clicks.
Facebook has such a sophisticated system that we can expect this product can be a major thing in the eCommerce ecosystem. So it is definitely a great deal to go and be among the early birds. Try Facebook Marketplace.
Currently, Facebook Marketplace is open to US-based businesses selling new products online, however, it is expected to be rolled out in more countries pretty soon.
It's a good time to jump to it because it becomes crowded. There are plenty of reasons to try Facebook Marketplace
1. Facebook Marketplace has low selling fees — Commission rate is 5% of the transaction or $0.40, whichever is higher, for any transaction under $8.0. Commission Rates do not change on the basis of the type of product like major platforms are doing. No Listing fee at all, you can upload unlimited products.
2. Facebook Marketplace is simple to move to — The onboarding process is simple and easy. Just input your business info, adjust your shipping, adjust your tax settings, link your payment account and that's it.
3. You can target Instagram as well — You can take your marketplace to Instagram as well. You can use the same catalog for checkout on Instagram. The commission rate remains the same across Facebook and Instagram. This way, you can reach more audiences in just a matter of clicks.
Facebook has such a sophisticated system that we can expect this product can be a major thing in the eCommerce ecosystem. So it is definitely a great deal to go and be among the early birds. Try Facebook Marketplace.
