Similar to Etsy.com, your merchants can choose to list their products in the marketplace. In this model, payment and transactions transpire between buyers and sellers directly. Sellers pay the marketplace a monthly fee, a usage fee, a transaction fee or a 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 sale or transaction goes sour, you will have to deal with the situation after it happens which may require some backtracking.
Another business model you can utilize is one like Amazon Marketplace. Here, buyers will send payments directly to your marketplace. A shipping order is sent to the seller for confirmation and record keeping. The marketplace sends sellers payments minus commissions 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 many sellers who would prefer to be paid when an item sells. At the same time, it can be quite time consuming to manage every sale and manually calculate seller profits.
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.
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Whether you are looking to create a marketplace for the first time or already have an existing e-commerce website, iScripts MultiCart offers the features and functionality you need for a successful online store. While you are probably familiar with the concept of using an online shopping cart to manage orders and payments online, our software extends your website's capacity and profitability by accommodating multiple vendors with various products to sell. Incorporating multiple sellers on your website is an effective way to expand your product offering and increase profits while limiting any extra work required from you, the site administrator. Give your vendors a place to sell their products while they handle all the shipping and product specifics.
iScripts MultiCart makes starting your 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 with just a few clicks. If you have your own products, you may add them, as well as contact vendors you think will fit well within your marketplace. Make sure you feature products that fit with your site theme and are of interest to your target market. When your site contains enough sellers and products, you may begin marketing your e-commerce website to potential customers. As time goes on, you will be the link between sellers and buyers.
After completing the one-time purchase of iScripts MultiCart, the software is installed on your server. Once the software is installed, you have complete control over your distributed e-commerce platform as the site administrator. If you need help, we can install the software for you on your hosting account. iScripts MultiCart is an open source PHP shopping cart software without code encryption. This means you can customize your marketplace at any time in order to fit your specific site needs. To add features or change functionality, you may use your programmer or request an affordable customization quote from iScripts.
By using the multi-seller shopping cart from iScripts, you can create a new website or expand your existing online business. Opposite of typical shopping carts, which are a dime a dozen, you can develop a comprehensive marketplace which will include all the extra features your customers are already accustomed to through large virtual marketplaces and seller communities such as eBay, Etsy, and Amazon.
Separate Mobile apps are available for sellers and buyers. The turnkey buyer app lets customers choose a product made available by a seller and to purchase the product. The seller application is exclusively for sellers to put up their stock online, and it enables all the buyers to view and buy products.