The multi vendor marketplace is getting a lot of popularity nowadays in the Covid 19 Pandemic situation. There are many successful eCommerce marketplace websites such as Amazon, Flipkart, eBay, etc.
According to the survey, around 48% of the users directly navigate to the reputed online website. Due to the impact of the covid 19, the handcrafted items such as home furnishing and masks increased during the pandemic, As a result, the sales have been increased.
As the technology grows developing a website for an online marketplace is not an easy task.
What is a multi-vendor market place?
A multi-vendor eCommerce market place is where you can search for products from the various vendors on the same platform or website. This is a highly competitive field to stay in this field you should give more features and offers.
In the multivendor websites, where third-party sellers sell at one place. This has many small vendors on the website to sell the product.
How do multi-vendor websites work?
Suppliers (or) vendors will register on the market place website through paid or free based on the website.
The supplier will upload the products to the website and then the customers can start buying it.
The multivendor website manager may charge a fee for each transaction based on their policies.
All the payments will be transferred to the multivendor website admin and then it will be transferred to the seller.
Once the customers order the product, the product has to be packed by the seller and it can be delivered through the seller or by the multi-vendor admin via delivery partners.
If the product has been received defect or wrong items again it has to be picked from the customer to the seller.
Multi-vendor admin may charge a small fee for the returned items.
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Features of Multi-vendor eCommerce websites
Design
Banner images
Content Management System
Branding
Product Management
Orders Management
Discounts, Offers Management
Shipping charges
Inventory Tracking.
These features should attract vendors and they should join the website to earn money by selling the products. Customers always need more control over their shopping experience and a multivendor market place is something that can provide everything that the customer looks for.
Types of the multi-vendor market place
Product-based
Service-based
Booking based
Product-based
Selling products on the website, Examples are Amazon, Flipkart.
Service-Based
Selling services on the website, Examples are Upwork, People Per Hour, Fiver.
Booking based
Booking the services in the platforms like Ola, Uber, Booking.com, Goibibo.
Conclusion.
Multivendor eCommerce websites, the covid 19 has forced the people to purchase in online. The online sales have been increased a lot in this covid 19. The future of the multivendor is bright.
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