Building an online marketplace can seem like a daunting task. From finding the niche for your business to arranging vendors, building your marketplace website and marketing is a great deal to handle. However, this mammoth task becomes simple if you get the blueprint of a compact 4-phase plan to building an online marketplace.
Get the best tips to create an online marketplace and grow your business. Make an informed and calculated decision about choosing your online marketplace solution.
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Why Your Business Needs An Easy To Use Marketplace Platform
2. Why Build A Marketplace Website
Online marketplaces account for
50% of online sales globally
95% of online shoppers buy on
marketplace platforms
Online marketplaces could be $7
trillion in sales by 2024
3. The Admin
No need to maintain inventory
Full control over
the setup
Earns commission on
every Order
What makes the multi-vendor marketplace so popular
The WIN-ALL model has the following bene鍖ts for the Admin
4. The Vendors
No investment in
multi-vendor portal
Readymade,
high-volume traffic
Focus on selling & product
diversi鍖cation
Multi-vendor Marketplace bene鍖ts for the Vendors
6. Features of an easy to use marketplace platform for the
Admin
No need for
advanced
technical skills
Offers DIY
design tools
Easily
customizable
frontend & backend
Offers easy and
seamless
integrations
Offers a
comprehensive
admin
A mobile-ready
admin
Inbuilt marketing
and SEO tools
Auto scalability
and upgrade
7. Features of an easy to use marketplace platform for the
Vendors
Easy registration
& onboarding
Separate login &
dashboard
Simple & feature-rich
admin
Product management
with import/export
Featured product
option
Integrated
shipping solution
Uni鍖ed noti鍖cations
(email, SMS,push)
Transparent payment &
commission module
8. An easy to use marketplace platform for the Customers
Product review
and rating
Multiple payment
options including
COD
Single-click
checkout
Multiple discounted
shipping choices
Fast loading sites
Mobile apps
Quick search and
navigation
High-quality product
images and videos
10. Niche Vertical Marketplace
A marketplace of sellers selling a niche product
or services. For example, marketplaces like
FirstCry, HealthKart and Nykaa etc.
Horizontal Marketplace
Brings together sellers selling multiple product
lines. For example, brands like Amazon, eBay,
Alibaba etc.
11. Service Aggregation Marketplaces
(B2C)
Brings together various sellers selling their services.
For example brands like Zomato, Swiggy, Ola etc.
B2B Marketplace
Brings together distributors, wholesalers and
buyers on a common platform
12. B2B2C Marketplace
Brings different businesses on a platform that 鍖nally
sells to end customers under one brand name
Hyperlocal Marketplace
Add local stores as Seller on your marketplace
to ace hyperlocal ecommerce
Have a custom requirement? Want to build a disruptive marketplace website model?
Dont wait to roll out your dream project right away!
13. Offering feature-rich solutions for a variety of
Marketplace Websites
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Email: binny.joseph@hippoinnovations.com
Mob:+91-959-991-6383
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