The progressive of online shopping is changing to a Multi-store shopping cart by eCommerce entrepreneurs. It can be also referred to as the online marketplace. The main benefits of an eCommerce business are there are no boundary lines in concert with nations.
Let’s have a look at the Multi-store:
Every seller or merchant has a separate shop inside a multi-vendor system which he is free to run as he likes. The platform owner only bothers with order processing, tracking, and payments where they are due. This helps merchants increase their sales by promoting new ideas and strategies. Not every merchant have enough resource to establish their own online marketplace. In such instances, the multi-store shopping cart will be benefited for them.
A Multi-store shopping cart software that lets you easily build one or hundreds of multi-brand websites using a single shared database.
Benefits from a Multi-store system:
- No need to set up a store:
The merchants can avoid the cost of establishing a store where a high infrastructure needed. They can simply run their store by creating an account in the multi-store system. Setting up an individual store is fairly cost-efficient.
- Statistics & Analytics:
The shopping cart software can organize the information for all successful transactions. This further ensures that thetransaction runs smoothly. It enables the employer to deliver what the customers orders. So a without shopping cart integration, it would really be a hard task for the business owners to manage their single clients with their number of orders or vice versa.
- SEO friendly:
Search engine optimization is one of the crucial parts of every online system. 93% of online activity begins with a search. A good shopping software cart can ensure maximum SEO follows to the site.
- Business Performance Check:
A good-quality shopping cart offers rich features like Product Catalog Management and over-all simplified business management by producing a wide set of reports to Monitor Regular Sales and provide Opportunities for Customer Service.
- Store admin gets the commission from each sale:
As the owner of the marketplace, you can charge a percentage (i.e. commission) from the vendors on the selling price of an item that is sold on your store site. Hence, it allows you to generate continuous revenue for simply providing a platform to the vendors for selling their products. It is quite important for you to come up with the right percentage of the commission as it should be high enough for you make a decent profile while keeping it low enough for keeping the vendors encouraged to sell on your store.
Such a concept has devised a cost-effective way for the merchants to get listed on the prestigious e-commerce platforms in a cost-effective manner. They don’t need to pay for e-commerce website design, store setup, staff requirements, etc. Therefore, it has proven to be a boon for online retailers.
- Discounting & Coupons:
Back-End Marketing, Discount / Sale coupons, Inventory Tracking, Up-selling, user ratings or reviews, etc makes more attractive to customers and earn more revenue from the website. Hence the Shopping carts act as a Profit Medium between the payment processors and websites.
Let’s look at how it gains customers
- Managing Data
Online shopping cart not only contains data what customers purchased but also customers data and features like credit card processing, order history, and product management. So a multi-system shopping cart should be an easily managing data method.
- Easy Checkout Features – No Waiting in the Queue
With the help of an Online Shopping Cart, you will be able to get whatever you desire in the easiest and the cheaper way. Paying is easy with a shopping cart. Customers don’t need to pay for every single item they select, in fact, the cart easily calculates the amount for all the selected items and creates an automatic order for them.
- A vast range of products
The products sold on a multi-vendor store are featured by a number of vendors. Any e-commerce store that provides a huge variety of products is bound to easily generate traffic and sales.
Would you like to become an owner of a multi-store shopping system? iScripts will help you with the turnkey solution to start your business in the current trend. iScripts MultiCart is an open-source e-commerce multi-store platform that lets you decide how you’d like your site hosted—online, through iScripts Cloud, or on your own servers. With several responsive themes and a package of mobile applications.
iScripts MultiCart is an open-source e-commerce platform that lets you decide how you’d like your site hosted—online, through iScripts Cloud, or on your own servers. With several responsive themes and a package of mobile applications to choose from, iScripts MultiCart is a global e-commerce provider that entered the market by being one of the quality e-commerce shopping platform.
Sometimes everyone makes some common mistakes when starting an online business. We need to be more aware of the mistakes before starting your business. And before starting creating your marketplace website you should be aware of the Peculiarities and Differences of Multi-Vendor Shopping Sites
iScripts MultiCart: Mobile App
iScripts MultiCart comes with powerful iOS and Android mobile applications which thus makes access to a shopping cart more easily. The apps are not just made for buyer’s alone; but also it is well designed to meet the purpose of both the buyers and sellers. In this way, the sellers can easily sell their products even while they are traveling or even during any other activities. It’s thus being very easy for anyone to start or add to just a matter of time.
One of the prominent features coming in the new version is the Recommendation Engine.
Shopping is a necessity of every human being, and when we do shop it’s definitely either the product we like or our friends like. We tend to buy products recommended by people because we trust the person. And nowadays in the digital age, iScripts MultiCart is introducing with the advanced feature, the recommendation engine.
Recommendation engines basically are data filtering tools that make use of algorithms and data to recommend the most relevant items to a particular user. Or in simple terms, they are nothing but an automated form of a “shop counter guy”. You ask him for a product. Not only he shows that product, but also the related ones which you could buy. We have no idea about the future of the eCommerce business. But one thing is sure that, there will be a great change from now.
What if you don’t know How to Use Multi-Store Shopping Cart Software?
Stripe Adaptive Payment:
The Stripe Connect payment gateway is a powerful solution for Multi-Vendor web stores which enables you to accept main credit cards worldwide, automatically split payments to several vendors and save sensitive credit card information in Stripe. By introducing this feature into iScripts MultiCart, now the payments are automatically transferred to the vendor’s account without even an admin approval; hence making the job of an admin easy.
The Stripe Connect add-on and features for Multi-Vendor provides an easy payment, whereas:
- The payment goes directly to the vendor (the vendor should create and bind a stripe account with their store).
- If a user makes purchases from several vendors, the whole cart will be split into several cases by vendors and the whole order will be paid in several steps.
- Allow customers to save credit cards for future purchases. No card details are stored in your database and are fully PCI Compliant.
- Increase conversions by making it easier for your customers to pass the checkout faster and pay successfully.
Fine Tune Your Settings(Admin Panel)
Firstly, set the Payment and Shipping options under the Admin Settings tab. MultiCart comes with a wide variety of built-in payment and shipping options, which are actively running on the current business.
Add Free Shipping Rate
If you’re looking to start an online store, I highly recommend that you offer your products to customers with a free delivery option. You can set this as default from your MultiCart Admin settings. For this, Go to Admin Settings > Shipping Settings. Next, select the ‘Free Shipping’ option.
Connect the Store via Social Networks
MultiCart allows you to share your products across multiple channels like Facebook, Twitter & Google Plus, etc. This can be easily set up through Admin > Settings > Social Media Settings.
Add Products and Categories
iScripts MultiCart comes in an easier way of adding products and finally, it will be just beautifully displayed under the categories, making your customers catch uprightly with the products they are actually looking for. Simply add products to your eCommerce store, and when you receive an order, pay the supplier who will then ship it directly to your customer. There is no need to pay for any extra storage space and no need to worry about what to do with the unsold stock.
Are you stuck to build your own online marketplace?
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.
Have questions about our web software and mobile apps and how it can work with your existing business or online business idea? Call us at (312) 423-6728 with any questions you may have. We’d be happy to explain how our software works, including any additional business, needs you may have. We also offer custom development of web and mobile apps at a reasonable rate.