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Everything You Wanted To Know About Online Marketplace

Online marketplaces are the most popular shopping hub for the new-age online buyers. Riding on the wave of booming ecommerce online marketplace is a virtual goldmine for entrepreneurs and brands alike. However, starting your own multi-vendor portal needs a bit of consideration and asking the right questions so you do not end up with the wrong solution. <br><br>Check out the complete guide that answers all your queries about starting an online marketplace. Make informed decisions and choose the best online marketplace solution for your unique business idea.<br>

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Everything You Wanted To Know About Online Marketplace

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  1. Everything You Wanted To Know About Online Marketplace Ecommerce Guide

  2. What Is An Online Marketplace Online Marketplace is an ecommerce website where Multiple ● Sellers sell their goods or services. The Admin/Owner manages the portal and gets a commission on ● each sale. Customers love Online Marketplaces as they get a range of ● products at competitive pricing Looks like a promising Business idea? Want to know why it's so popular?

  3. Advantages Of An Online Marketplace Admin/Owner Sellers Customers ● No need to maintain inventory ● No setup cost for taking the business online ● Rich product catalogue to choose from ● Earns commission on each sale ● Gets the pre-built traffic of the marketplace ● Get products at competitive prices offered by various sellers ● No need to spend on SEO, marketing and brand building efforts ● Full control of vendor management ● Additional benefits due to large scale operations of the online marketplace

  4. Advantages Of An Online Marketplace Admin/Owner Sellers Customers ● No hassle of maintaining technical team, support staff etc. ● Provides an additional online sales channel for brick-n-mortar shop or own website ● Can buy multiple product, brands etc. in a single order ● No hassle of maintaining logistics, products upgrade, etc. ● Easier automation with efficient business management ● Guarantee and trust of the marketplace brand ● Gives the flexibility to explore free shipping and returns, discounts etc. ● Freedom to test buyer acceptance for new products ● More discounts and deals

  5. Features To Look For In Your Online Marketplace Software Admin and Vendor dashboards ● Vendor Management and approval flow ● Product and Inventory management ● Seller Ledger for tracking Seller Payouts, Orders etc. ● Seller page on frontend to help Customers ● Order and Shipping management by Vendors ● Vendor-specific Shipping and Discounts ●

  6. Features To Look For In Your Online Marketplace Software Adaptive payments to pay different Sellers of a Multi-Product order ● Returns and Refunds management ● Integrated Logistics and Payment channels ● Tax and Discount Engine ● Refund and Return management ● Multiple Notification channels to notify vendors, admin and ● customers The ideal solution would be a feature-rich turnkey Multi-Vendor Ecommerce platform that allows customizations.

  7. Types Of Multi-Vendor Marketplace You Can build Niche Vertical Marketplace Sells a niche product or services

  8. Types Of Multi-Vendor Marketplace You Can build Horizontal Marketplace Sells multiple product lines

  9. Types Of Multi-Vendor Marketplace You Can build Service Aggregation Marketplaces (B2C) Sells services of various sellers What’s your business idea? Choose any of the above or go for an out-of-box business model to disrupt the market!

  10. 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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