Understanding multi vendor ecommerce website India
A multi vendor ecommerce website India is an online platform where multiple vendors, sellers, distributors and manufacturers come together to sell similar or different products or services. The Indian ecommerce industry is growing rapidly at an astounding pace. This is the right time to tap into the otherwise considered impenetrable customer base. By building a marketplace website, the enterprise brands can access the Indian market with a huge gap between demand and supply of products and services
The multi vendor business is a zero inventory business model where the onboarded vendors bring the inventory to sell on the platform and take care of the shipment and logistics processes. The admin on the other hand manages the platform and looks after the technical and marketing aspects. The customers enjoy a rich catalogue and differential pricing on the platform.
To build an online marketplace, it is important to choose the right platform that helps brands offer seamless customized buyer journeys to their customers. The multi vendor business model has gained immense popularity and has redefined the online shopping habits of the Indian customers. Today almost all customers have more than a few online marketplace apps on their smartphones for quick hassle free shopping of day-to-day needs.
Top benefits of starting a multi vendor ecommerce website India
The online retail market is growing exponentially only to revolutionize how businesses operate in India. While Indian customers are increasingly embracing online shopping trends, businesses are also innovating their way of doing business. The multi vendor store, being the customer’s favourite, has some obvious advantages over a regular store for all parties involved, i.e. the admin, vendors and customers.
Let us look at the top benefits Indian enterprises can avail by adopting the online marketplace business plan:
Reach new untapped markets by onboarding local vendors
Save on CapEx costs by using vendors' warehouses and inventory
Have complete control and ownership of the online marketplace without having the responsibility for inventory and order fulfilment
Easily generate different revenue streams apart from commissions on each order sold by the vendors
Easily diversify to new product lines by onboarding vendors across different product lines or industries
Become a local favourite by offering faster deliveries using a network of local vendors
Get better market insights from local vendors and easily plan strategic marketing for business growth
Quickly build brand value by connecting customers with the best vendors and offering competitive pricing
The readymade ecommerce marketplace solutions from StoreHippo offer a 360-degree solution to build customized horizontal, vertical, service aggregator or out-of-box marketplace websites.
How to create a multi vendor ecommerce website India
Going online requires careful planning and strategic thinking. It is important for businesses to opt for the best solution provider to create an advanced multi vendor store. They can go ahead with either of the two options mentioned below:
While both the solutions are good enough to start their online journey when brands use a turnkey ecommerce solution, it saves a great deal of their time and resources.
One of the most important factors to consider when choosing the best fit solution to create online marketplace is to look for a customizable solution that can be easily scalable to the future goals of the business.
Here is a list of advantages of choosing the turnkey multi vendor solution:
Cost effective solution as compared to custom made platform
Quick to go to the market as against building the solution from scratch
Little to no technical knowledge needed to create, tweak or design
Advanced technology to stay competitive in the industry
Automatic upgrade options to save businesses from the hassles of manual upgradation
Seamless integrations to build innovative marketplace solutions
Customizable backend and frontend solutions to build a custom online marketplace
The advanced multi vendor ecommerce solution from StoreHippo is built on agile MACH architecture that helps brands create the most engaging and conversion-oriented network of stores. It offers 300+ inbuilt features and 120+ integrations making it easy to build innovative enterprise business.
What makes StoreHippo the best multi vendor ecommerce website India
The battle tested ecommerce solutions from StoreHippo helps build the best online marketplace for multiple business models and various industry verticals. It offers a gamut of inbuilt tools to help implement the online marketplace business plan for brands across industry verticals. When brands create online marketplace using StoreHippo’s cutting-edge technology, they can go to the market in record time.
With StoreHippo's mobile-first approach, brands can leverage mcommerce to sell more through marketplace apps and PWA stores, that work, look, and feel like mobile apps. These PWA stores can work seamlessly even on entry-level devices and with poor internet connectivity. Brands can also run their business on the go with its built-in apps for sellers, admin(s), delivery boys etc. along with customer-facing marketplace apps.
Enterprise brands can integrate the best domestic and international payment gateways on their marketplace website and offer a variety of payment options like digital wallets, store wallets, net banking, UPI, etc. making checkouts faster and frictionless. The built-in global features like multi store, multilingual and multi-currency help brands transition to global markets seamlessly.
StoreHippo offers the best enterprise-grade features to create custom multi vendor marketplaces in a few easy steps. It will help enterprise businesses to chart an even better and more impressive growth trajectory. Ready to explore the multi-vendor features by StoreHippo? Start your 14-day free trial now.