If we ask where and how you prefer shopping, we bet you would say shopping online on marketplace websites.
We know, such is the craze of online marketplaces today.
We all are conditioned to search for products on multi vendor marketplaces for our day-to-day lives.
Who doesn’t want to shop from a marketplace where they get multiple choices?
So how about leveraging common behaviour to align your business for profitability by building an online marketplace?
Still wondering why?
Let us look at the some online marketplace trends in 2023 to validate the idea:
- $8.7 trillion is the expected multi vendor marketplace sales by 2025
- 62% of total global ecommerce sales are expected to be done via online marketplaces by 2027
- 48% of online shoppers prefer to go directly to marketplace websites
- 37% of buyers make repeat purchases on online marketplaces
Source: Statista, Fortune India
With such amazing figures, building your own marketplace website is just the right choice. The growth of multi vendor marketplace stores makes it a lucrative business proposition. However, to build your one marketplace, you need a comprehensive multi vendor ecommerce solution like StoreHippo.
Table of Contents
- 10 reasons to build your online marketplace with StoreHippo
- 1. Comprehensive multi vendor solutions
- 2. Ease of use
- 3. Omnichannel benefits
- 4. Leverage mobile commerce
- 5. Personalized shopping experience
- 6. Support for diverse marketplace models
- 7. Scalable and flexible
- 8. Integrated logistics and payment solutions
- 9. Future-ready marketplace
- 10. Highly secure online marketplace
StoreHippo offers the best SaaS based multi vendor ecommerce platform that is adept in building marketplaces of all sizes across all industries. The StoreHippo marketplace builder is built on cutting-edge technology that helps create highly scalable stores with its modern essential features.
Let us look at the top 10 reasons why you should choose StoreHippo to build your online marketplace:
Onboarding and managing multiple vendors on the ecommerce platform can be a daunting task. However, with StoreHippo, you can seamlessly manage your vendors and overview their businesses in just a few clicks.
StoreHippo comes with an end-to-end multi vendor solution to build and manage a feature-rich multi vendor marketplace for B2B or B2C businesses. It offers a quick and easy vendor registration process while creating a unique vendor account for each seller. The admin can seamlessly manage their vendors, payouts, commission rates, vendor-based taxes, discounts etc. right from their dashboards. With the adaptive payment feature from StoreHippo, you can easily divide a single payment made by a customer into multiple sellers as well as admin. With the plug and play solution from StoreHippo, you do not need additional apps, paid plugins or extensions like the other multi seller platforms which hugely inflate your overall costs.
Building, managing and selling on an online marketplace can become tough if your multi vendor software is complex. The learning curve can be sharp for vendors and internal teams if the dashboard is very technical.
StoreHippo makes it easy even for novice sellers to sell on your marketplace. StoreHippo is an easy-to-use marketplace builder and is designed for everyone- novice or experienced vendors, admin, and customers. It offers an easy-to-use admin dashboard to manage the vendors and their products in just a few clicks, separate vendor dashboards for each seller to manage their own business; and a seamless omnichannel buying experience for quick shopping.
You would be surprised to know that 90% of customers look for consistent omnichannel interactions. Yes, people love brands that offer them multi-channel sales support. StoreHippo helps enterprise marketplace websites add multiple customer touchpoints for social platforms, marketplaces or any type of mobile device in just a few clicks. With the best-in-class omnichannel solutions, enterprise brands can connect, engage, and convert their customers with much ease. StoreHippo also offers 300+ API endpoints to create unforgettable omnichannel buying experiences.
Online buyers prefer to shop on mobile phones for hassle-free quick shopping. And StoreHippo helps you provide just the same. Built on a mobile-first approach, the online marketplaces powered by StoreHippo are PWA that look, feel and work like mobile apps even on entry level devices with poor internet connectivity. Also, the multi seller ecommerce platform comes with an in-built mobile apps builder that helps build Android and iOS apps without any additional cost or coding requirements. StoreHippo also provides built-in apps for delivery boys, vendors and admin to help them manage the business on the go.
With a personalized shopping experience, you can make your customers come back to your marketplace website. Yes, surprising yet quite effective.
StoreHippo with its in-built marketing tools like a powerful discount engine enable the brand to set up multi-level discounts based on the product, vendors, brands or your customer’s order value, location etc. Also, based on your user’s order history and other demographics, you can offer them personalized product recommendations. With StoreHippo you can also personalize your web, push or mobile notifications about the latest arrivals, discounts, etc based on your customers’ preferences.
When you build an online marketplace, you need to future-proof your business and look for a well-rounded solution provider. A marketplace builder that is equipped with advanced features help the businesses pivot their models easily and tweak them for their unique business needs.
StoreHippo helps you build a range of marketplaces in no time. You can build horizontal, vertical, B2B, B2C, D2C, B2B2C, hybrid or custom marketplaces with its advanced ecommerce solutions. Other marketplace builders offer apps, plug-ins or extension-based solutions that require complex coding to scale up your marketplace. Building innovative custom marketplaces is also easy with StoreHippo’s headless architecture.
For a fast-growing business like yours, you need a marketplace builder to help you build a scalable and flexible online marketplace. You need an ecommerce platform that grows with you as you add more products, have more customers, and take more orders.
StoreHippo helps power out-of-box ecommerce solutions across 35+ industry verticals. The scalable and flexible ecommerce platform StoreHippo also gives brands the freedom to experiment, innovate, and scale with the powerful MACH architecture. You can have an extra edge over your competition with the unmatched flexibility, inherent scalability and superfast performance from StoreHippo.
Customers are always on the lookout to get their orders delivered quickly. Is your business on the front foot with logistics and shipping?
StoreHippo enables enterprise marketplaces to integrate with shipping and logistics partners helping them to automate their delivery processes. You can choose from the best-fitting shipping solutions from 30+ integrated shipping partners on the StoreHippo platform. Also, with 60+ integrated domestic and international payment gateways, you can choose from COD, digital payment, card payments etc to offer a frictionless payment process to your customers.
While you build your online marketplace, it becomes imperative to make it future-ready. To build tailored ecommerce solutions and diversify to the unique business requirements, brands need cutting-edge technology solutions.
StoreHippo offers 360-degree enterprise marketplace solutions to brands. Brands can diversify to new geolocations in both domestic and international markets with hyperlocal ecommerce and go-global solutions. The multilingual and multi-currency feature enables enterprises to offer a seamless buying experience to their global customers. The multi store ecommerce solutions help brands to create a chain of multiple storefronts for their targeted audience.
A multi vendor marketplace cannot ignore the security features. It is crucial to provide your customers safety and secure their sensitive information like card and transaction details.
StoreHippo provides robust multi-layer security with an SSL certificate and highly secured payment gateways. You can get a free SSL certificate directly from your StoreHippo admin. You can also ensure payment information and customers’ data safety by building PCI DSS compliant sites built on StoreHippo's secure ecommerce platform.
To build your own online marketplace, you need advanced and unique solutions and tools. With the help of the best ecommerce software like StoreHippo, you can get on the path to achieving a rising sales graph for your business. StoreHippo helps enterprise brands build solutions that match the pace with the changing buyer behaviour and engage better with the customers.
StoreHippo is a SaaS-based platform that helps businesses seamlessly cope with the changing market dynamics. It offers 360-degree solutions to future-proof marketplace websites, irrespective of the business size and genre.
Are you ready to start your multi-vendor marketplace platform? Explore the enterprise-grade features by starting your 14-day free trial.