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Why You Should Start Your Marketplace Website | StoreHippo

Marketplace websites are the most popular shopping hub for online buyers. With a host of products to offer along with competitive pricing this online shop is proving to be a lucrative business model for entrepreneurs. However, entrepreneurs planning to build their own online marketplace need to check their multi-seller software solution thoroughly before taking the plunge. <br><br>Get the most informative answer to your questions in a comprehensive guide that is designed to help you with choosing the right solution for your marketplace website. Have a complete guide on questions, features and lots more to help you choose the right marketplace website solution provider. <br>

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Why You Should Start Your Marketplace Website | StoreHippo

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  1. Why You Should Start Your Marketplace Website

  2. Growth And Popularity Of Marketplace Website Customers love Multi-Seller marketplaces for their vast range of products at competitive pricing ● Marketplace accounts for more than 50% of global online sales ● Globally customers spent $1.8 trillion on online marketplaces in 2018 ● 67% of marketplaces are generating more than $50M annually ● 32% of marketplaces are generating more than $100M annually It’s a more promising business prospect for Entrepreneurs than a simple online store. Check out WHY?

  3. Multi-Vendor Marketplace Vs Online Store Online Store Marketplace • It has multiple sellers • It has single sellers • Offers a vast range of products to the buyers • Offers limited products options to the buyers • Large traffic volume • Limited traffic • Competitive pricing offered by • Single price option decided by the store owner multiple sellers • Takes lots of effort to build customer trust over the years • Customer trust for marketplace can be built easily

  4. Online Store Marketplace • Admin/ Owner has no hassle of • Admin/ Owner has to build and maintaining the inventory manage the inventory • Sellers do not need to worry about • The seller or admin has to take launching, running and care of building and maintaining maintaining the technical aspects the online store of the online marketplace • A range of customer and vendor • Policies depend on the discretion protection policies of a single admin The obvious advantages make Marketplace website conversion-oriented and less difficult to manage.

  5. Features To Look For In Your Online Marketplace Software • Performance and Flexibility • Mobile-First Approach • Support for Vendor Management • Product and inventory management • Seller ledger for tracking seller payouts, orders etc.

  6. Features To Look For In Your Online Marketplace Software • Tax and discount engine • Refund and return management • Pricing, Display and Search • Support for SEO and Marketing • Multilingual, multi currency features to go global The ideal solution would be a feature-rich turnkey Multi-Vendor Ecommerce Platform that allows customizations.

  7. Types Of Marketplace Website You Can build

  8. Niche Vertical Marketplace A marketplace of sellers selling a niche product or services

  9. Horizontal Marketplace Brings together sellers selling multiple product lines

  10. Service Aggregation Marketplaces (B2C) Brings together various sellers selling their services Have a custom requirement? Want to build a disruptive Marketplace Website model? Don’t wait to roll out your dream project right away!

  11. Offering feature-rich solutions for a variety of Multi-Vendor Ecommerce Start your 14-days FREE Trial OR Book a Demo Email: binny.joseph@hippoinnovations.com Mob:+91-959-991-6383 www.storehippo.com

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