Covid19 has highly disrupted a lot of offline businesses and has given rise to online businesses. This is why most of the retail owners think about how to start a multivendor ecommerce website as they have already turned their mind towards the ecommerce market. Ecommerce has become a compulsory need for many businesses and we cannot ignore its growth. Create a multi vendor ecommerce website with full order management and integration to digitally transform to engage buyers, sellers and distributors.
The multivendor marketplace platform has attained too much attention mainly because of its numerous benefits it has given to the sellers as well as the buyers. One can get a wide range of products and can also compare the prices among the sellers. Also sellers can have a separate page for displaying their products and can easily manage their inventory with the help of the multivendor platform. Apart from sellers and buyers, another key person who gets more benefited through a multivendor marketplace platform is the admin of the store. Let us find out the key features that have made entrepreneurs think about starting a multivendor marketplace.
Most importantly, starting a multi vendor marketplace is not that easy if you have been in this business. There are lots of things that need to consider how to build a multi vendor ecommerce website
- With an estimated global population of 7.7 billion people, more 2.5 billion people are shopping online. 25% shop online.
- 65% of buyers do a price comparison on their mobiles are in a physical store.
- 85% of buyers do online research they do online purchases.
- Mobile e-commerce expected to reach 67% of digital sales in 2020.
Know What is a Multi vendor Marketplace?
A multi vendor marketplace is a reliable platform that connects multiple sellers under one roof. The sellers will sell their products and buyers will visit the multi vendor marketplace ecommerce website and will buy the products of their choice. The admin of the marketplace will promote the platform & will grab the attention of the buyers & handle all payment transactions is done within the platform. If you plan to create a multi vendor ecommerce website, first you need to understand what it is all about.
Multifaceted eCommerce Website Business Models
Our platform supports product & service marketplace that focuses on connecting buyers and sellers under a single roof to provide a turnkey solution that can meet the business requirements.
Whether your startup an established business, to create a multi vendor website, now easy with our features and perfection to build and scale your business model.
Business to Business (B2B)
The transaction that happens between companies can be termed as B2B business. The business is made between companies rather than an individual person. The company manufacturers the spare parts and it sells it to dealers and authorized distributors of that particular brand.
Business to Consumers (B2C)
Selling the product directly to the end-users is termed as B2C business. B2C is more than online retailing. This model includes all banking services, travel services, health services and many more. The purchase volume will be lower in B2C compared to B2B.
Consumers to Consumers (C2C)
The ecommerce that happens between private individuals is called C2C business. The product or the service is shared between individuals through a multivendor marketplace platform and transaction is done between the two.
Types of Products To Sell In Multi Vendor Marketplace Websites
The best part of beginning an online store is that you can sell virtually anything you want. You need to be particular about the type of product you are going to sell through your multi vendor ecommerce website.
All sorts of physical products that can be touched and felt comes under this category. All tangible goods that can be shipped door to door will be considered as physical products. Clothing items, mobile devices, home appliances, etc, are all physical products.
Through multi vendor eCommerce website one can also render services to the end users and these are service based products. Services like plumber, carpentering, home repair services, etc. are termed to be service based products.
Products that cannot be held come under digital products. Digital products like software, logo designs, audio & video files, E-Book, digital artworks, etc. No manufacturing or warehouse is required for digital products. Just simple digital devices will be more than enough to maintain the digital products.
Booking & rental
In this type, no product is sold, rather people can book a room or a table in a restaurant. They can book online tickets on flights, trains, etc. Makemytrip, Goibibo are the examples for this model.
Revenue Models of Multi Vendor Ecommerce Website
Many eCommerce marketplace vendors embark on an entrepreneurial journey with the chain of ecommerce activities following the realistic business model, generating revenue through such business activities.
Revenue models are positively critical in architecting the right strategy on how to build a multi vendor ecommerce website
The following list of marketplace revenue models set the ball rolling by structuring your monetary activities.
Commission revenue model
The vendors will need to pay some commission fee to the admin of the multivendor website at the time of selling their product. For every sale they need to pay the commission fee and this commission slab will be fixed and agreed between the admin and the vendor at the time of registration.
Advertisement revenue model
Third parties can place their advertisement in the multi vendor marketplace website and you can charge them for placing their ads in your website. This is one good source of income as this will also increase the site traffic effectively.
Subscription revenue model
This model will let the buyers to subscribe with the marketplace and they can enjoy unlimited service by subscribing with the platform either by monthly or even by yearly. Ecommerce stores like netflix, amazon prime are the examples for this model.
Affiliate revenue model
The merchants and the vendors will deal with affiliates and they will pay them on commission basis for the sale they make. This method drives qualified leads to your business. This is more trendy nowadays as even housewives can become affiliates and they can earn from home.
Things to Consider Launching Multi Vendor Ecommerce Marketplace Business
Many entrepreneurs have a common question about how to start a multi vendor website steps needed done launching a multi vendor ecommerce website . Below is the list of things that need to be considered.
- Analyze the market – this is the foremost step that has to be considered. By doing this you will get a clear idea about the competition, your target audience, and the market demand. Without analyzing the market your business cannot survive.
- Marketing strategy – Online ecommerce businesses the competition is heavy, to be apart and get yourself out there is essential your ecommerce marketing strategy focus on attracting people looking for products and actively using various outbound strategies to get people to want to find you. Email marketing is a cornerstone part of the target audience.
- Deal with the sellers – You are going to launch a multi vendor marketplace website you need more sellers. Without sellers, there is no point in launching the website. You need to find out the sellers for your business. Contact them and discuss your terms with them and have a deal with them.
- Choose your ideal e-commerce platform – you need to compare it with many platforms and should come out with the best platform that suits your business. You need to get the right pricing for the platform. Now the software developing company will take care of the rest.
- Get your domain & Hosting – only through your domain, you will be noticed all over the world. Select the domain name that perfectly matches your business and hire a reliable hosting server. To make your website go live you need to have domain and hosting. Keep in mind that domain and hosting need to be renewed periodically.
- Payment Gateway – The Payment option is one of the things you should consider building your Online marketplace Presenting your customers with a variety of payment gateways will ensure customer satisfaction from your store & remove the probability of a consumer being lost.
- Promote your store – to have a great launch, initially you need to make your business be visible to others. Let people know that your business is going to launch. Run effective campaigns on all social media platforms you can get perfect branding.
Following all the points, know how to make multi vendor eCommerce website. This will give you a perfect start for an eCommerce store and you can expect a great turn over within a short period of time.
Select Technological Stack
The multi vendor ecommerce website response time, its stability, comfortable user experience and many more factors depend on the technological stack we prefer for the site development. The whole process of technological stack used to build multi vendor ecommerce website can be divided as front-end and back-end platforms.
Front-end technology stack
the most commonly used platforms for front-end will be Hypertext Markup language(HTML) and Cascading Style Sheets (CSS) as they give a perfect user-friendly interface.
Back-end technology stack
building a multi vendor ecommerce website needs to focus on the scalability, and the database for storing data. The commonly used database platforms are PostgreSQL and Amazon Web Services.
Build a Multi Vendor Ecommerce Website with Zielcommerce
Zielcommerce is a hassle-free multi vendor marketplace platform that can help you to create a multivendor ecommerce website that fulfills all your business demands. Zielcommerce will offer you a new way to buy from your online store and you can easily build a multivendor website like Amazon, eBay and Alibaba.
Zielcommerce comes with power-packed comprehensive features that are essential in starting a multivendor marketplace platform. These features will simplify the complicated tasks and will let you handle the platform efficiently. Also ensures optimum management of processes to the admin and will make you gain complete control over the website.
Highlights of zielcommerce
- Multilingual & multicurrency feature aiming global reach
- Easily customizable and highly scalable platform
- Advanced search and filtering option for buyers with easy navigation
- Dedicated dashboards for vendors and admin.
- Simplified reporting and analytics
- Online tracking with geo location mapping
- Well integrated with reputed payment gateways
- The platform is highly secured with SSL certificate
- Rating & review feature to improvise the product or service.
Zielcommerce Multi Vendor Ecommerce Website Features
Build your unique multi vendor ecommerce website innovation with built-in & custom modules. Marketplace platform is essential to know how to create multi vendor ecommerce website, connects vendors & consumers with one another to perform transactions.
- Available source code – it is a one-time payment platform. You own the software, you can avail of the source code and it is completely customizable. You expand your business you may need more features and at that time you can fit your application according to the requirement in the future.
- Intuitive UI/UX design – Grab the attention of visitors and make them stay in your website for a long time with the responsive and highly customized UI/UX design. This is the initial aspect that needs more attention where many multivendor marketplace platforms have failed and felt difficult to survive in the market. Zielcommerce will create a multivendor website and will support you to survive well.
- Social login – simple sign-up and login allow the guest to begin buying or selling a product on your website easily. All social media platforms integrated along with the software for easy promotion.
- Device compatible – most of the visitors visit your eCommerce website using their mobile. Our application is totally compatible with all devices. The visitors can get the perfect look & feel of the software use it on any device.
- Convenience – buyers can save the products they shop now & can buy. This will save time and they will enjoy this convenience.
- Dedicated mobile apps – the well-known fact that any marketplace platform gets more visitors through smartphones. Mobile users are more comfortable in using a mobile app rather visiting the website. Zielcommerce has clearly understood the trends and the customers’ buying behaviour and have come out with exclusive mobile apps to push your business to the next level.
- Built-in CMS – you can add unlimited products and categories as it has built-in CMS. This allows you to edit and manage the products.
- Secured payment integration– When you plan to create a multivendor website, you will be expecting more sales and ROI. This factor mainly lies on how well you integrate the payment gateways with your multivendor ecommerce website. There are several payment gateways that are quite familiar among the users. Zielcommerce provides complete comfort to the users by integrating the leading payment gateways in a secured way.
- SEO ready – we understand the importance of digital marketing and we very well know the Google algorithms used for website ranking. We have built our software as SEO friendly software you can easily promote your business digitally.
- Live notification – buyers and sellers will get real-time notifications about the product bought and sold. This will help them to track the order. And sellers can get alerts regarding stock availability. Run out of stock they informed prior & keep the stock updated properly.
- Separate seller panel – retaining the sellers is one of the challenges that every multivendor marketplace faces. Zielcommerce not only helps you to create a multivendor website but also will support you to retain your sellers by providing a separate space that will facilitate the sellers to display their products and will understand the performance of their business through the dashboard.
- Analytical reporting – Analytics is the key to your marketing strategy. It has the integration of Google Analytics the vendors can have detailed reporting regarding their sales & stock. This will help them to analyze the business growth level.
More about Zielcommerce
Zielcommerce is a trustworthy multi vendor marketplace platform is mainly developed to leverage your business. Zielcommerce marketplace belongs to the future for cutting edge features and UX focused interface. To make it globally recognized it has multi-lingual and multi-currency options.
This will allow you to have customers worldwide. It possesses a secured payment integration process that helps the buyers to purchase any product from the site itself.
You will get 24/7 customer care support and you can feel that you are in reliable hands. Installing our zielcommerce multi vendor marketplace platform is high on features, you can increase your product sales generate high ROI with your multi vendor ecommerce website.
Cost of Building Multi Vendor Ecommerce Website
If you want to develop a multi vendor ecommerce website and wondering how much does it cost to build a multi vendor ecommerce , the fundamentals of how to start your own ecommerce Business base on the marketplace model, and the different ways to build your multi vendor ecommerce website, and their cost factors considered
Best ecommerce solution for your store. Grow your business with Zielcommerce, the building multi vendor ecommerce website cost mainly depends on the platform you select, we offer you designed and fully customizable themes with integration of different payment gateway service providers and many more.
If you are a startup it is highly recommended to go for a readymade marketplace software that will have all the inbuilt features of a multi vendor marketplace website. We can customize the solution offered to suit it better to your Business needs.
Let your dream of starting a multivendor platform come true after you analyze and implement all the above mentioned tips. Have a dedicated team that can handle the leads generated through your multivendor ecommerce website and can get you more conversion.
Now it is easy to build your products and grow your business with Zielcommerce. For all businessmen who plan to have the next Amazon or Flipkart, Zielcommerce will be a perfect multi vendor marketplace solution and user friendly. It is time to launch your product with minimum investment. Get ready to rock the floor of the digital market with Zeilcommerce.