Online shopping – also known as ecommerce – isn’t new anymore. This has been widely used for over a decade. But the dynamics and the increasing consumer-base has given birth to what is known as a multi-vendor store. Sometimes these are referred to as two-sided marketplaces. An online store features the products or services of a single brand, while a multi-vendor software showcases different brands under the same platform. This means you can create one site and feature multiple products, sellers and brands under one domain. In this case, most of the product management is placed on individual sellers and vendors rather than you. In exchange, you will need to ensure the most visibility for the sellers who sign up to participate in your marketplace.
This option is also more profitable, as it does not need investing in separate domains, along with SEO strategies. Moreover, all traffic arrives at a single site rather than getting diverted to different online stores. Now a multi-vendor shopping cart software is essential to build a multi-vendor website. So what are the benefits of a multi-vendor shopping cart software?
- Higher Traffic
A multi-vendor shopping cart software enables you to develop an online platform that features several vendors. The options are many for customers, which will convince them to visit your site, instead of going to different individual stores. The presence of higher website traffic leads to more sales conversions and as a result, higher return on investment.
- Larger Market
A multi-vendor shopping cart software has benefits for different businesses. The vendors listed on the ecommerce site have a large exposure to customers from all across the world. The chances of sales conversion are much higher as when compared to single-vendor stores. Creating an ecommerce store with such a software is bound to bring business to both vendors, as well as the admin.
- Bigger Inventory
A larger number of products, as well brand-names can be posted on your site using a multi-vendor shopping cart software. A larger space is provided for all vendors on a single platform. This means customers are presented with numerous options while visiting your website. Besides the obvious increase in income, a big boost is given to the reputation of your site.
- Product Updates
Updates to the list of products can be easily made with a multi-vendor shopping cart software. This does not require significant technical skills either. The core benefit of this is that no additional investments are required to make updates each time a new product or service is launched. Hence a multi-vendor shopping cart software as a one-time investment, that brings continuous profits.
How to Start Your Own eCommerce Marketplace
iScripts MultiCart makes starting your own marketplace enjoyable and hassle-free. After purchasing the virtual marketplace script, you will add your logo, site content, sellers, and products directly into the system. This process is very direct and can be accomplished within just a few clicks. If you have your own products you may add them, as well as contact vendors you think will fit well with your marketplace. Make sure you feature products which will fit with your site theme and also interest your target market.
iScripts Multicart is a unique multi-vendor shopping cart software which allows you to easily create your own eCommerce marketplace with multiple vendors in the backend, similar to Etsy or Amazon Marketplace.
As the site owner, you control all main website operations within the iScripts MultiCart Administrator Panel. You can manage sellers, products, payments, affiliates, and buyers while generating reports, sending newsletters and more directly from the backend of your marketplace. You can choose to operate your site in Etsy Model as well as in Amazon Market Place Model.
If you choose to operate your site similar to Amazon, the marketplace sends sellers payments minus commission at the end of every month. The main benefit of this model is that you are in total control of every sale, shipment and transaction. On the other hand, there are a number of sellers who would prefer to be paid when an item sells. At the same time, it can be time-consuming to manage every sale and manually calculate seller profits.
Within the Etsy model, payment and transactions transpire between buyers and sellers directly. Sellers pay the marketplace a monthly fee, a usage fee, a transaction fee or combination of these. The main benefit of this model is that you are not in the middle of every transaction. However, you should be aware that if a return is requested or a bad exchange takes place, you will be required to deal with the situation after it happens.
Regardless of the options you choose, your merchants will have their own page on your site where users can view all available products and contact them directly. They will also have a separate login where they can manage their own products and information.
Ready to create your own multi vendor marketplace? Try it out for yourself right now. See the Free Live DEMO: iScripts Multicart. Experiment with the demo to get a better feel for the site you could own and market. You control the backend of the site and choose the way it will function for your users.
Choose to use the software as-is, add on to your software using our team of programmers, or even select a white-labeled version for your added convenience. This is your opportunity to create your own ecommerce gold mine according to your own business needs and specifications. Choose to use or disable various features, payment solutions, shipping methods, commission structures, operations and more.
If you happen to have complex marketplace and logistics model involving distributors, resellers, retailers, sales agents – we can you help create the platform with our distributed shopping cart platform called iScripts MultiCart Enterprise edition
Do you have a site idea that requires site modification to the existing site? We have the ability to modify and tweak the script and add any additional features or site design changes. Just tell us your thoughts and any budget specifics or limitations. We will work with you to provide the best options!
For more information or questions related to how you can take advantage of the new and improved popular MultiCart platform, contact us at (312) 423-6728 or email firstname.lastname@example.org