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Thread: Points To Consider While Choosing Multi-VendorMarketplace Ecommerce Models

  1. #1
    Join Date
    Feb 2017

    Points To Consider While Choosing Multi-VendorMarketplace Ecommerce Models

    Multi-vendor marketplace is the new trend when it comes toonline shopping. Marketplaces like Ebay, Amazon, and ******* are making huge effects on their buyers which have turned everyone’s attention towards marketplace platforms. Marketplaces biggest advantage is their multiple vendors selling capability under one roof, huge variety of products, product comparisons, and brand trust. Now a day’s vendors are showing more interest in marketplaces than single vendor ecommerce websites. That’s why various software development companies have readily available marketplace ecommerce models and software’s. In this blog we are going to see the points to be considered before choosing a marketplace model for your business.

    Payment Gateway

    First thing to consider is whether there are suitable payment gateways for sellers and buyers. A marketplace consisting multiple vendors and buyers from different locations should have secured payment processing along with convenience. Choose a marketplace that has capability to integrate various payment gateways and has a wallet system for its vendors to process seller’s revenue.

    Revenue Structure

    How will you charge vendors for selling in your marketplace, i.e., how will your company make a profit? The marketplace should have a well-defined revenue structure or capability to customize the revenue structure as per needs and consequences. There can be registration fee, each transaction fee, monthly/ yearly fee,bulk sales fee and more.

    Fulfilment Options

    By fulfilment we mean the shipping and delivery processes. Is the marketplace going to handle fulfilment or the vendors are responsible for shipment and delivery? Various marketplaces provide fulfilment options upon certain percentage. The marketplace should alsohave capability to incorporate different shipping options when required.

    Customer Review, Ratings And Social Media Sharing

    In a marketplace, there is always a question whether multiple vendors are delivering products that meet customer expectations. To know this the platform should integrate customer review, ratings and social media sharing. With this the visitor can get to know the reviews of the product, seller service experience and get confidence to buy. This builds trust for your marketplace brand.
    After considering the above points and more, you will need an advanced multi-vendor marketplace software solution partner to help make your goals a reality.

  2. #2
    Join Date
    Feb 2017
    I think a good model to follow would be the gaming marketplace G2A, who developed their own payment gateway (G2A Pay). They say they have something like 12m users which means the marketplace and gateway feed off each other.

  3. #3
    Join Date
    Jul 2018
    Just with any design for business with multi vendor shopping site cannot sustain longer in the industry. So you have to hardly think about setting the base right, what all you have to put inside as features for your website in ecommerce business, that could provide satisfying and good experience for your users.

    This idea of ecommerce business is open for all thriving entrepreneurs, so you ought to be unique to stand out among the similar ecommerce crowd. Please Visit Appkodes Website

  4. #4
    Join Date
    Apr 2018
    Starting an ecommerce marketplace is as easy as shopping online. You can build your own ecommerce marketplace with best multi vendor shopping cart software.
    Ecommerce marketplace platform
    Ecommerce marketplace such as multi vendor marketplace script is a website or app that offers shopping from many different sources. The admin or operator of the ecommerce platform present other vendor’s inventory to user and conduct secured transaction. Popular ecommerce marketplace eBay or Amazon are best examples for online marketplace and they sell other vendor products to everyone with types.

    Great user experience & convenience to consumers made online marketplace most demanded business concept over the last few decades. If you are planning to start an online grocery store it’s using concept of “Marketplace” where user access vendor’s products which are not owned by you. It’s a bigger concept than regular ecommerce website as it could offer many advantages. The real time information of each product is presented to users in online marketplace.Consumers don’t like to use app from single retailer and looks for app offers broader product range than single store. This is the major appeal why you should consider opting for ecommerce marketplace instead of regular store.

  5. #5
    Join Date
    Jul 2018
    Nicely written article by exlcart321. I just wanted to add one point into this. Whenever you are considering having a successful multi-vendor marketplace business, you need to be very good in support. This is one area which needs to be very strong because you'll have a lot of issues raised no matter how good you are managing your business. Your support team need to take responsibility on the behalf of your vendors. Your first priority is to satisfy your customers if you are serious about making your business successful. And in this case you have to deal with two types of customers - one who are purchasing from your website and others are your vendors. You need to act a perfect mediator between both types of customers.

  6. #6
    Join Date
    Dec 2018
    A multi-vendor e-commerce site should be used for sending traffic to your main site and you should use every single one of them that doesn’t charge you anything more than a percent of the sales.

    But they should never take the place of your main site.

    The reason being is quite simple.

    1.) We are seeing more and more platforms banning people for political views that were voiced outside their platforms.

    2.) We have seen platforms hoard buyers data and then use that data to launch their own products.

    3.) Having your own platform allows you to offer services to your clients that go far beyond competing for whose got the best price.

  7. #7
    Join Date
    Mar 2019
    This is a very nice posting with the useful points so thanks for it. In my view, The G2A gaming marketplace would be a nice model to follow.

  8. #8
    Join Date
    Aug 2018
    Here you have mentioned very useful points for multi-vendor marketing which are useful for any merchant. For this, you have to have deep knowledge because if you do business without experience, then you may suffer loss.

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