A multi-vendor website builder is a turnkey ecommerce solution for building online marketplaces. With the best marketplace platform StoreHippo you can take your business idea online and build a variety of B2B, B2C or any new disruptive multi-vendor ecommerce model.
The skyrocketing sales graph of popular marketplaces has proven one thing for sure, online marketplaces are here to stay. Research suggests that online marketplace sales are set to exceed $7 trillion by 2024. It is a profitable business model as you can start your own business without investing in inventory. All you need is a multi vendor marketplace solution that can build a future read, engaging and conversion-oriented marketplace website for your business.
You can invite vendors to list on your portal and thus can start earning a commission on each sale. With the best marketplace platform at your disposal, the setup cost is a fraction of what is needed to build a multi-vendor ecommerce store from scratch.
How To Choose The Best Marketplace Platform
The marketplace website software plays a crucial role in the success of your business. While there are many turnkey solutions available in the market, choosing the right one for your business needs some research and planning.
While you can start your business with basic vendor management and product management modules, these features alone might not help in growing your business. So, you need to look for the best marketplace platform that is designed to grow along with your business.
To ensure that you have chosen the best-fit solution for your business, check out whether your marketplace website software offers the following:
- Well rounded solution with inbuilt tools and features that don’t need additional plugins or apps
- Designed for a variety of B2B, B2C and any custom business model
- Built on modern technology that offers fast and engaging portals
- Mobile-ready to help you win the mobile commerce race
- Readymade and customizable themes that can be tweaked easily
- Easy to learn, use and manage so you don’t spend time understanding the platform
- Comprehensive vendor module that gives you full control and visibility of vendors
- Multiple secure payment options which include payment gateways, wallets, net banking and COD
- Integrated and automated shipping solution is also good to have feature in the best marketplace platform
- Transparent plans that allow you to start small and move to higher plans as the business grows
StoreHippo SaaS-based multi-vendor ecommerce platform offers all the above features to help you build a future-ready multi-vendor online store for your business.
Must-Have Modules In The Best Marketplace Platform
Multi-vendor ecommerce is a complex business model and needs a host of modules to run the business efficiently. While there are many modules that are good to have, some of these form the core of your business. These modules automate your business and make it easier for you to run the show.
The must-have multi-vendor ecommerce modules are:
- Vendor onboarding module to register and add vendors to your multi-seller portal
- Vendor approval flow using which admin can approve or reject vendors and their products
- Vendor dashboard that allows vendors to manage their products, orders, shipping etc.
- Admin dashboard that gives complete control to the business owner and gives complete details of business
- Seller ledger to set up and manage rules for vendor payouts, commissions etc.
- Adaptive payments to divide and transfer the payments to different vendors of multi-product order
- Discount engine to plan discounts and promotions at the product, vendor, order or checkout level.
- Tax engine to add various tax-levels based on the rules applicable
- Integrated shipping that automates manual shipping tasks and offers discounted shipping options
- Returns and refunds management to handle the returns and refunds initiated by customers
StoreHippo best marketplace platform comes with all the above modules along with 300+ inbuilt features that can build a variety of multi-vendor online stores. Ou can also customize the platform inside out to suit your unique requirements.
Why Choose StoreHippo Multi Vendor Marketplace Solution
StoreHippo is equipped to build a diverse range of online marketplaces. Our well-rounded marketplace solution has been designed to facilitate business owners and vendors in running and growing their business.
Our best marketplace platform has inbuilt features and hence you don’t need to buy additional apps or plugins to run the everyday operation of your business. Our platform is built on the mobile-first principle which allows you to leverage mobile commerce for higher sales. You can also build Android and iOS apps right from your admin to reach your customers on the go.
StoreHippo offers a fully hosted and managed solution which is auto-scalable and upgradable. This means you don’t need to worry about peak loads. Also, you always get the latest technology solutions without the need to upgrade your software.
Our best marketplace platform gives you additional features like multi-store, multicurrency and multilingual marketplaces to help you explore the global markets. StoreHippo gives you the freedom to start small and grow to any number of users, geographies, product-lines, vendors, distributors and affiliate networks.
StoreHippo best marketplace platform is SEO ready and helps you optimize your portal to get higher SERP ranking. You can use the powerful blog engine and social media integrations to build a brand image quickly. We have everything you need to start and grow an online marketplace platform.
Explore our Multi-Vendor Use Cases to check the unique features and out-of-box models of multi-vendor ecommerce stores powered by StoreHippo DIY ecommerce platform. Explore our features by starting your 14-day free trialnow.