mobileappA multi-vendor ecommerce app is an online marketplace platform where, many sellers can get registered, create their profiles, and add products they want to sell. The top examples of multi-vendor platforms are Amazon and Flipkart.
For e-commerce entrepreneurs, the multi-vendor marketplace option is cost-efficient as it allows them to sell a wide range of products to a larger audience without maintaining an inventory. The operations on such a platform go hand-in-hand as sellers give way to more customers and a growing number of customers demand more sellers. For the owner, it’s a complete win-win, as they can focus on accelerating their business growth and not be worried about losing the business at any given time.
A multi-vendor eCommerce app is a true win-win for all stakeholders. Sellers, buyers, and business owners – everyone stands to benefit from the e-commerce platform. Sellers get access to the technology and customers, while sellers get loads of product options to choose from and business owners do not have to worry about keeping inventories, they just need to focus on the marketing and technology side.
Let’s delve deep to find the benefits of multi-vendor e-commerce app for each stakeholder in detail.
Benefits For The Sellers In Multi-Vendor eCommerce App
Sellers have the opportunity to create seller accounts on the marketplace to sell their products. Already, some of the big players like Amazon, Flipkart, Zomato among others have 100s of 1000s of sellers on their platform. These sellers gain access to the best technologies, flawless payment integrations, and a huge customer base. Internet is full of amazing stories of how people from small towns across India have made it big and continue to create wealth by selling the products on these established platforms.
- Sellers can create their own stores with personalized logos, banners, and custom navigation tabs.
- Sellier able share it on social media or send a message directly to the customers.
- Can declare different price of the product for wholesale or retail according to their choice.
- They can easily analyze sales and product performance report
- Sellers can easily manage their inventory through the seller's console
- Custom catalogues to their app is possible.
- Sellers can manage and customize product tax rates as needed. The seller simply enters the tax rate and the cost of the item is adjusted accordingly.
- Can respond quickly to each user, track all orders, and increase conversions
What benefits does multi-vendor e-commerce app bring to buyers?
These days, most users prefer to access the store through mobile apps and make purchases instead of buying from the websites. Consumers are free to choose from a wide range of products according to their needs and demands. Since customers get access to a wide range of products or services within the app, the purchase decision becomes easier and more convenient for the user.
- Due to the fierce competition between vendors in the store, users have the option of purchasing products at a discounted price
- Users are given the option to purchase products based on smart recommendations, facilitating the purchasing process.
- Users have the option of providing product reviews and ratings. This helps distinguish product pages from other pages and build trust among new customers.
- Easy return options.
- Streamlined checkout process.
- Administrators can introduce special birthday discounts and perks to encourage further purchases.
- Product zooming options among many more.
What do You get With Multi-vendor eCommerce app?
Admin panel is for the business owners/admins. Through these features, one can have total control of the entire business processes
Helps in monitoring and functioning of the entire business through this interactive and live dashboard which shows all the critical business parameters
To add, modify, delete the products and showcase the product lines effectively
This is to ensure the goods are delivered on time, every time.
Admins can create special offers for their vendors or the customers (as the case may be) through this feature
This feature is to manage the vendors who sell through your eCommerce mobile platform.
This helps in business intelligence as well as for future reference, including handling litigations, if any
Admins can generate and access all the relevant business reports for further analysis and necessary action.
Add-on Features:
These optional features could also be deployed on your custom eCommerce Mobile App
- Social Integration
- Export of bulk product
- Wallet options
- Customized user dashboard
- Daily deals
- Reward Points
- Store pickup
- Credit facility
- EMI facility
- Live location
- Loyalty card
- Bulk Product Listings
Wish to build your own multi-vendor ecommerce app?
The market size is too big to ignore. If you had been pondering to build your own multi-vendor app in any niche, it is high time you get this done. Just look at the projections: by 2023, the world e-commerce market will swell to USD 6.54 trillion, which is huge.
Going for the multi-vendor ecommerce app at this juncture makes sense. We encourage you to get in touch with our engineers today for a detailed project discussion. After understanding the scope of your project, we will be happy to offer you a free quote. You can reach out to us here.
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