What is a multi vendor marketplace platform?
A multi vendor marketplace platform is a unique ecommerce software that offers turnkey solutions to build multi vendor marketplace website and apps for B2B, D2C or B2B2C businesses. The online marketplace software can be open-source, on-premise, or SaaS marketplace software.
Whatever be the type of software and services provided by a multi vendor marketplace platform its ultimate goal is to make it easy for sellers to showcase and sell their products from a common platform and make it easy for the admin(s) to manage the sellmulti vendor marketplace platformers and the complex flows of a marketplace. Also, the multi vendor marketplace software should make it easy for the customers to search, buy and track their orders on the marketplace website and app.
What makes the best multi vendor marketplace platform?
The best marketplace platforms are those solutions that take care of all the current requirements of a brand and also help in growing the brand. It should have provisions to accommodate the future growth of a marketplace brand. Along with this, it should help the marketplace brand to quickly pivot to unique hybrid models to take advantage of the changing market dynamics.
Some of the must have features of the best multi vendor marketplace platform are:
Built on advanced technology which makes it easy to add new features or customer touchpoints
Easy customizations to build tailor-made multi vendor marketplace website
Comes with mobile-first solutions so leveraging m-commerce is easy
Easy to use for the admin(s), sellers and customers
Comes with rich set of features and tools to run the end-to-end business
Native solutions to market and grow the business
Transparent pricing and support to help with technical issues if any
StoreHippo advanced multi vendor marketplace platform built on agile MACH (Microservices, API first, Cloud-native, Headless) architecture helps brands build the most engaging and conversion-oriented multi vendor stores and marketplace app. StoreHippo also comes with an inbuilt mobile apps builder to help brands build marketplace apps for their brand. The fully integrated marketplace solution comes with 300+ inbuilt features and 120+ integrations. Also, it has 60+ integrated payment gateways and integrated logistics solutions to make the fulfilment cycle streamlined and fast.
What are the must-have features of a multi vendor marketplace platform?
Best marketplace platforms come packed with features that streamline and automate everyday business processes and help the owners grow the business. Here is a list of non-negotiable multi vendor platform features that help in managing and growing the business:
Features that help in managing the multi vendor business:
Simplified modules to onboard and manage vendors
Admin dashboard with a completely transparent view of vendor activities along with full control to manage these activities
Easy set up for managing vendor commissions, taxes, payouts etc.
Separate login and dashboard for different vendors
Native features to set-up vendor based sub stores controlled by central admin
Extensive product and order management features
Inventory and shipping management solutions
Seamless integration with best in breed accounting software
StoreHippo multi vendor marketplace platform comes with a comprehensive vendor management module that takes care of end-to-end vendor management and payouts. StoreHippo also has all the above-mentioned features and modules to make it effortlessly easy to manage a multi vendor marketplace website.
Features that help in growing the multi vendor brand
Inbuilt mobile apps solution and ability to convert online marketplace website into PWA stores to leverage mobile commerce
Headless architecture so new customer touchpoints can be easily added using the same backend logic and APIs
Inbuilt support for advanced features like multi store set up, multilingual website, multi-currency payments etc. to grow the business to new markets and product lines
Extensibility and flexibility so as to easily tweak the multi vendor marketplace platform for unique business requirements
Customizable themes and dynamic marketing pages to create personalized landing pages for different buyer segments
Powerful discount engine to set up different levels of product, vendor and order based-discounts
Scalable multi vendor marketplace software that has the ability for peak load tolerance
Mobile admin for the owners of multi vendor marketplace website as well as the vendors and delivery agents so that the whole business can be run and managed from anywhere anytime
StoreHippo multi vendor marketplace platform comes with a rich set of features and modules designed to offer an end-to-end solution for every aspect of building, running and growing a multi vendor business. StoreHippo’s versatile and powerful marketplace builder can be used to build a variety of B2B, B2C, hyperlocal, or hybrid marketplaces. Building custom marketplace is also easy with StoreHippo as it offers decoupled headless architecture which gives greater creative control to developers and marketers.
Why choose StoreHippo Multi Vendor Marketplace Platform
StoreHippo offers battle-tested solutions to build the best marketplace platforms for different business models and industry verticals. With enterprise-grade features to grow the business, storeHippo is the ideal fit for large brands looking to grow quickly in the digital space. StoreHippo’s cutting edge technology and easy to use marketplace features help brands go to market in record time.
Built ground-up on the mobile-first principle StoreHippo multi vendor marketplace software helps leverage mobile commerce and sell more through marketplace apps and PWA stores. StoreHippo is integrated with the best domestic and international payment gateways and also supports a variety of other payment options like digital wallets, store wallets, net banking, UPI, etc. to make checkouts faster and frictionless. Alternatively, you can also use your preferred payment gateway and easily integrate it using StoreHippo multi vendor marketplace platform’s APIs.
Enterprise D2C brands can also leverage their existing dealers and retailer network by onboarding them as their vendors and building their unique D2C marketplace. Similarly, quick commerce brands can build a multi-location hyperlocal marketplace and get started without investing heavily in the inventory based micro warehouse model.
Ready to get started with your custom marketplace? Check our Multi-Vendor Use Cases to get inspired and learn how you can practically use our multi vendor features and tools. Take a tour of our multi vendor features, and book your free demo right away.