Did you know that India’s online shopper base is estimated to increase to 400-450 million by 2027?
Yes! Online shopping is the new age mantra!
And if you are planning to build an online marketplace in India for your ladies' suit and saree business, you have made a wise decision.
But are you wondering how to take this idea forward?
Are you also skeptical if a multi vendor marketplace business model will suit your business?
Well, let us look at the top reasons how an online marketplace will help you grow your business:
- 3X growth in sales on Indian marketplaces from 2022 to 2027
- 48% of online buyers prefer going straight to an online marketplace
- 95% of online shoppers have made a purchase from one or other online marketplace
- 54% of online buyers feel that these marketplaces have changed the way they shop
- Rs 1.7 trillion is the projected growth of the ethnic market in India by 2023
Source: Statista, Money Control
Isn’t now just the right time to take your brick-and-mortar store to the online markets?
Ready to take the plunge?
A multi-vendor marketplace is no doubt going to bring in a surge of opportunities for your business. Are you all set to kick-start your online journey and create your brand value in the Indian ecommerce market?
Table of Contents
- What are the ways to build a multi vendor marketplace?
- How to build a ladies suit and saree online marketplace in India
There are categorically two approaches you can take to build an online marketplace in India:
- Build the marketplace from scratch with the help of a team of high-tech professionals
- Use a SaaS-based turnkey ecommerce solution provider
When you choose the first option to build your ladies suit and saree marketplace, you need to invest a lot of time and money, which can be a taxing job. However, when you build your online store with a comprehensive 360-degree ecommerce solution provider, you can go to the market in record time.
Building an online store helps brands set their businesses on an upward growth trajectory. They can set their foot in the Indian ecommerce market and future-proof their business like never before.
Let us look at the step-wise process to build a ladies suit and saree online marketplace in India:
The very first step towards building an online business is to pick and register your domain name. With a creative and crisp domain name, you can stay on top of your customers’ minds.
You also need to get a SSL certificate to protect your website from malware. StoreHippo gives a free SSL certificate for online stores built on the platform.
Choosing the right ecommerce platform is the most important step in building an online marketplace in India. The kind of features and tools that the solution provider offers can make a great impact on your online store.
StoreHippo is a 360-degree ecommerce platform that comes with a host of in-built features to help you customize your ecommerce platform to the unique needs of your business. You can also offer highly personalized user-experience to your saree customers with the MACH (Microservices, API-first, Cloud-native, Headless) architecture from StoreHippo.
Built on mobile-first technology, StoreHippo helps you create mobile-friendly ecommerce websites and mobile apps seamlessly. StoreHippo offers a gamut of inbuilt tools to help you build a reliable and user-friendly marketplace platform. When you create an online marketplace in India using StoreHippo’s cutting-edge technology, you can go to the market in record time.
Once you have created your online marketplace in India, the next step forward would be to onboard vendors on the online marketplace. While onboarding vendors, it is also imperative to make sure that the onboarding process is smooth and seamless even for novice sellers.
StoreHippo offers an end-to-end vendor management solution that makes the onboarding process easy and seamless for the vendors. StoreHippo creates individual vendor accounts and a simple registration process with a user-friendly admin dashboard.
When you list your ladies suit on the marketplace, you will require advanced tools to add and manage the products seamlessly. To help you do that, StoreHippo comes with:
- Individual vendor accounts and simple registration processes
- End-to-end vendor onboarding and management solutions
- User-friendly dashboards to help vendors manage their day-to-day business operations
- Complete approval flow control with the admin to approve or reject vendor products
- Easy product management solutions
- helping the vendors upload bulk products using CSV
These comprehensive features from StoreHippo makes it easy for the admin to onboard and manage the vendors and do their business seamlessly.
When you create an online marketplace in India, you also deck up the platform for your customers. Online shoppers today are much influenced by the rich look and feel of online stores. They look for clear product images and videos with a 360-degree view.
StoreHippo enables businesses to choose from a rich design theme library and play around to create beautiful online marketplaces for your ladies suit and saree online marketplace. It comes with an easy drag-and-drop feature enabling even novice users to create the most professional-looking designs for their marketplaces. You can also change banners, sliders etc without the need of any coding by simply using the rich set of design variables.
While shopping on a multi vendor marketplace, customers look for flexible payment options. The lack of multiple payment gateways is one of the most common reasons for cart abandonment. How to curb that? The simple answer to this would be by providing a host of payment options to your customers to choose from.
StoreHippo comes with a full spectrum of payment options. It offers 60+ pre-integrated payment gateways including netbanking, credit and debit cards, COD, store wallet etc. When you eliminate payment downtime on your marketplace, you can seamlessly boost your conversions. With the adaptive payment feature from StoreHippo, your ladies suit and saree customers can place a multi product order from different vendors. The payment automatically gets divided among multiple sellers and admin(s).
Did you know that 61% of consumers are willing to pay more to have their products delivered on the same day? Yes, quick deliveries are a thing now!
Have you aligned your business for fast shipping in India? If not, drop everything you are doing and rush back to align fast delivery on your ladies suit marketplace.
StoreHippo offers inbuilt shipping solutions, so you can choose from multiple shipping partners and streamline quick deliveries. StoreHippo also offers a complete delivery management solution where your customers can also track their orders in real time. With the advanced delivery boy management software, you can also manage your own fleet of delivery boys.
Well there’s no doubt that creating an online marketplace in India is not enough. With the cut-throat competition that we have in the Indian market today, marketing your brand is a necessity.
With StoreHippo’s effective in-built marketing tools like a powerful discount engine, SEO tools, blog engine etc. you can market your ethnic wear marketplace quite well. The SEO elements like meta title, meta keywords, alt tags, sitemap etc, can quickly help you rank higher on SERPs. StoreHippo also offers a gamut of marketing tools like a powerful in-built discount engine, coupon code generator, personalized notifications, abandoned cart etc. With the inbuilt blog engine from StoreHippo, you can also publish a variety of content about your saree business and create your brand presence.
Now that you have all the elements at the right places, you can quickly start selling your products in the Indian ecommerce market. There might also be a few operational hiccups, which you can sort out with a test launch.
Once done, you can start receiving and fulfilling orders without any hassle.
Well, we guess now you have a fair idea about how to launch your multi vendor marketplace!
You can quickly start selling ladies suit and saree in the Indian ecommerce market with StoreHippo. You can build a highly scalable and conversion-oriented ecommerce marketplace with the 360-degree ecommerce solution provider in just a few steps.
Create an amazing ecommerce website with StoreHippo. Explore the enterprise-grade features and start your 14-day free trial now.