What Is A Multi-Vendor Solution
A multi-vendor solution is an ecommerce platform for building online marketplaces. With the best multi-vendor solution StoreHippo you can build a variety of use cases of marketplace websites like Amazon, Alibaba or any other out-of-the-box model that can disrupt the market.
In recent years the popularity of famous online marketplaces has established this model as the game-changer in the ecommerce industry. Business owners find it to be a lucrative model with low set up costs and higher ROI. The model is easily scalable by onboarding more vendors or sellers who bring in diverse inventory which in turn attracts more customers. This results in better sales and commissions for the owner of the marketplace website.
How To Find The Best Multi-Vendor Solution?
A ready-to-use checklist of features and modules comes handy in choosing the best multi-vendor solution for your business. While you may not need all of the features right away but it is good to have as many of them as you can. This helps in choosing a stay-on platform and saves you from the hassle and pain of migrating in the near future. for a growing business.
Here are the top features to look for in your marketplace website software:
Easy to use and feature-rich solution
It should offer inbuilt features rather than multiple plugins or paid apps to complete the end to end tasks of a multi-seller website. The admin and other features should be intuitive and easy to use.
Comprehensive Multi-Vendor Features
This one is a no brainer. It should offer well-designed modules for vendor management, payouts, commissions, shipping, taxes etc. The aim should be to make it easy to manage the business without spending too much time in manual efforts.
Built on Future Ready Technology
Advanced technology ensures that your business is ready for the future. Also, the best multi-vendor solution ensures you get fast, lightweight and conversion-oriented sites that sell better.
Designed For M-Commerce
Up to 80% of online sales are happening through mobile devices. Your online marketplace solution should be built grounds up on the mobile-first principle. Also, it should help you build Android and iOS apps at no additional cost. Additionally, if you get stores that are inherently Progressive Web Apps it boosts your chances of reaching more customers.
Scalable And Customizable
The best ecommerce platform for multi-vendor should be inherently scalable and customizable. While scalability will take care of your growing business, extensive customizations can help you tweak the platform according to your unique requirements.
Secure and Tested Solution
The best multi-vendor solution should be secure and should take care of compliance norms and offer free SSL for site security. Also, there should be real use cases of marketplace websites built and tested under live scenarios to give you confidence in the capabilities of the ecommerce platform.
Your online marketplace solution should be cost-effective and should not have any hidden charges. It should offer your different plans to choose from so that you easily scale up to higher plans as your business grows.
StoreHippo the best multi-vendor solution offers all the above features that have helped businesses build horizontal (like Amazon and Flipkart), vertical (like Nykaa and Firstcry) and service aggregator (like Swiggy and Zomato) marketplaces for B2B as well as B2C businesses. We have also built out-of-box models using the inherent extensibility and extensive customization offered by our platform.
How Do I Create An Online Marketplace With The Best Multi-Vendor Solution?
Building an online marketplace with StoreHippo is very easy and fast. Here is all that you need to do:
Step 1: Pay for your StoreHippo subscription plan to build your online marketplace
Step 2: Add your vendors and sellers and ask them to upload their products
Step 3: Set up vendor rules for commissions, payouts, shipping, discounts, taxes etc.
Step 4: Promote your across social, digital and any other channels of your choice
Step 5: Test your online marketplace and go live.
That is all, now wait for your first-order and start growing your business and income with the right marketing strategies.
Why StoreHippo Is the Best Multi-Vendor Solution To Build A Marketplace Website
StoreHippo multi-seller ecommerce platform comes power-packed with 300+ inbuilt features. These features are carefully designed for handling every aspect of a marketplace set up. Right from creating a beautiful design layout with easily customizable themes to running strategic marketing campaigns, and delivering orders to the customers’ doorsteps, we take care of everything your business needs.
We offer a host of multi-vendor modules to help you run your business effortlessly. Some of these modules are:
- Seller ledger: Tracks seller orders, payouts, commissions etc.
- Seller Admin: To help the seller keep track of orders and shipments.
- Module to add vendor-specific shipping and discounts
- Adaptive payments to distribute payments of a multi-order product between vendors
- Vendor returns and refunds management
- Unified notifications (email, SMS, push) to notify vendors and admin about orders, shipment etc.
StoreHippo the best multi-vendor solution also offers strong search and navigation, inbuilt marketing tools and an SEO friendly platform to grow your business. Check out the various types of Multi-Vendor Use Cases powered by StoreHippo and explore our platform by starting your 14-day free trial now.