Amazon and Flipkart enable multiple sellers to sell their products and services through their online marketplace platforms and they are India’s largest online retailers and marketplace. Many e-commerce sellers use these platforms to sell their products and services in addition to their own websites. Amazon & Flipkart processes sales and the payments processing is taken care of by the individual sellers.
A multi vendor marketplace is an online platform that facilitates multiple sellers to showcase and sell their products. They act as a bridge between sellers and buyers without manufacturing goods or maintaining an inventory and earn commissions for each sale. The individual sellers focus on building and growing their customer base whereas the marketplace owner focuses on building their storefront to accommodate more sellers and balance supply and demand.
Post-pandemic the ecommerce industry especially the multi vendor marketplace model has seen a surge in growth. The benefits of the multi vendor model have led to an increase in entrepreneurs and sellers taking their businesses online.
The multi vendor marketplace giant Amazon generated a whopping revenue of $470 billion in the year 2020-2021 making it the world’s largest online retailer and marketplace and third-largest company in the world by revenue after Walmart and China’s State Grid. All we are saying is that now is a good time to start your multi vendor marketplace.
Do you have a multi vendor business model idea? Then you are in a safe place! Yourstore multi vendor ecommerce platform lets you launch your marketplace within a day and helps you to scale it with its powerful tools.
If you are thinking “Why should I choose Yourstore when there are many other multi vendor marketplace software?”, we have an answer, Yourstore has robust features that are essential to building a successful marketplace website and has affordable plans for everyone.
Some of the top-notch features Yourstore offers:
Now let’s see what it takes to create a multi vendor marketplace website like Amazon and Flipkart:
1. Think, strategise and plan your business model at a smaller scale to get started
2. Sign up and create an account with Yourstore and get a 7-day free trial
3. Add your business logo or create one instantly with our powerful free logo maker tool
4. Select and customise a theme for your website
5. List all your products on the product dashboard and give your website life
6. Set up convenient shipping and delivery methods
7. Configure payment gateway and integrate payment methods
8. Choose a plan according to your business needs and turn your multi vendor marketplace idea into a reality.
Congrats! You are all set to launch your multi vendor marketplace website.
You can breathe a sigh of relief because you have launched your marketplace website successfully, but there’s more to level up and scale your business. Think of your website as an MVP which means this is the basic version. At this stage, you have to gather feedback from end users and improvise to give them the best user experience. Build, improvise and scale steadily with Yourstore.
Growing your marketplace is not a one-day task, it is a process that requires time, effort and the right tools. Yourstore enables you to improve and grow while it takes care of the maintenance and security of your website. Market and promote your marketplace to attract more vendors and buyers.
Creating a multi vendor marketplace website like Amazon & Flipkart can seem like an impossible task but it doesn’t have to be. Flipkart, one of the biggest multi vendor marketplaces in India was created by former employees of Amazon. You just need to have a clear picture of your marketplace idea and trustable multi vendor marketplace software to make it work.
Get started with Yourstore Multi Vendor Plan and create a multi vendor marketplace website like Amazon and Flipkart with exclusive features. Yourstore’s multi vendor marketplace platform software is built for multi vendor marketplace owners to empower multiple vendors to sell their products and services. Yourstore has simplified the process of setting up a marketplace with its no-code ecommerce website builder making it easily scalable even for new entrepreneurs. It has many advantages for the marketplace owner as well as the independent sellers.
Read our other blogs to learn more about ecommerce and grow your online business globally.
Get in touch with us if you need more information, we’d be more than glad to help!
, Yourstore
31st October 2022