Did you know that the birth rate in India is 34 births per minute? Surprised, how this fact can be a business idea for you? Well, it shows that there is no better time to start the business of selling baby products.
The need for baby products is not running out anytime soon. Even during difficult times, parents need to continue shopping for baby essentials. They might cut back on their essential items but buy products for their children.
The online market of baby care products started way back in 2010 with Firstcry.com and since then, many other players have entered in this category.
Let’s have a look at the top 5 baby products multi vendor marketplaces in India
It is the largest online store for baby and kids’ products in India and Asia. The online store maintains all kinds of baby, kids, and maternity products. The company owns over 380 stores across the country.
It is an India based ecommerce store and provides access to exclusive baby and kids products across the world. This startup has shown a consistent business growth of 700% year after year.
Being in the A listers of fashion brands, Myntra has expanded into a wide range of baby products in India. It has over 40 dedicated brands and 100 national brands in baby wear products. The company is also planning to onboard organic clothing brands for infant wear products to gain more traction.
Amazon has already aced the world of ecommerce with the concept of a multi vendor marketplace. In 2018, it has launched a dedicated online baby product store with a wide selection of baby products.
Soon after the popularity of baby products online, Flipkart has entered into this segment with dedicated brands like Gini & Jony, Crocs, US Polo kids, Miss & Chief, and more. The company has also launched a parents club program to scale up the baby wear product segment.
Well, just like Lego has replaced the conventional wooden building blocks while barbies have taken over the traditional cloth dolls, multi vendor marketplaces have replaced the brick-and-mortar stores to sell baby products.
Are you also thinking to open an online marketplace to sell baby products? Here is everything you need to know before starting your online marketplace.
How to Create a multi-vendor website?
The success of top players in the baby products segment has proved the potential in this industry. If you are also inspired by their success stories and finally decided to start your own multi vendor marketplace.
Here is the A-Z plan to build your own marketplace website:
Step 1: Choose a domain of your choice and register it
Step 2: Decide your ecommerce platform. Choosing the best platform like StoreHippo sets your online business foundation in just the perfect manner
Step 3: Choose a beautiful readymade website theme or use drag-and-drop features to create your customized theme with StoreHippo
Step 4: Ensure high-end website security with the FREE SSL protection
Step 5: Build your site ready for mobile and get going with PWA stores and mobile apps (iOS/Android) directly from your admin panel of StoreHippo
Step 6: Ensure multiple payment channels to accept customer payments and send varied payout to your vendors
Step 7: Onboard vendors in just a few clicks with StoreHippo easy-to-use platform. Setup payment, commission and tax rules for individual vendors
Step 8: Start optimizing your multi vendor marketplace for enhanced online traffic
Step 9: Promote your business with automated marketing tools even before the website is launched
Step 10: Go Live and start earning
Must-have features for your online marketplace
Quick vendor onboarding process
Attracting vendors is one of the most difficult jobs when you open your multi vendor marketplace. But a quick and easy vendor registration process can make a big change. StoreHippo eases the vendor onboarding process in a few clicks and also helps the vendors with products, payments, orders, and customers.
Multi-tier tax management system
Nobody wants the endless accounting hassles in business. To help you manage the tax management issues, StoreHippo has come up with a multi-tier tax engine that calculates the tax at multiple levels based on products, location of the sellers.
Automated marketing platform
Start leveraging the power of marketing with the automated marketing tools and powerful discount engine. StoreHippo offers personalized marketing features and an automated marketing engine to help you create a variety of coupons and promotions based on customer insights. You can help vendors create their customized discounts based on products, seller, order, device, time etc.
One-stop logistics solution
Shipping integration is the lifeline of a multi vendor marketplace. Without an end-to-end logistics solution, it is impossible to run your online store successfully. We at StoreHippo understand it and help you manage the complete shipping process from a central dashboard sitting at the comfort of your place.
Adaptive payments for multi-vendor orders
Managing an online marketplace is as easy as pie when you have the right tools and technology at place. Say for example, a customer places an order for 10 products and every product belongs to a different seller. Now, you cannot ask the customer to make payment 10 times. Here, the role of the adaptive payment feature of StoreHippo comes into the play. You can process seamless payments between admin and sellers directly from the payment gateway without any hassles.
Comprehensive seller ledger
Every business and vendor have their own set of rules and procedures. So, the order volumes, transactions, products, and payment conditions also work differently. Of course, it does not make sense to set up these rules manually for every vendor. Here, StoreHippo comes to the rescue and allows the multi vendor marketplace owner to set up vendor rules for payment, commissions, etc. easily. With the comprehensive seller ledger, it is a cakewalk to track the vendor transactions, payments, invoices, pending orders, and more.
Why is StoreHippo the best multi vendor marketplace solution to sell baby products online?
Be it FirstCry or Amazon, they all have leveraged the market trends. And there is no better time for you to start growing your business by selling baby products online. As we said earlier, choosing an ecommerce platform builds the foundation of your online marketplace.
So, don’t compromise and build your top-class marketplace with StoreHippo. It comes with 300+ inbuilt features to serve your B2B as well as B2C online store needs. Our turnkey solution has been trusted by many multi-vendor websites for out of box models and made it possible to become the best in the online world. Check out the extensive features of our multi vendor marketplace solution by starting your 14-day free trial today.