Marketplace How it works

Marketplace - How it works: If you want to expand your business your e-commerce, partnering with a Multi-Vendor Marketplace is the next step you need to include in your strategy.

Marketplace shopping is an amazing opportunity for businesses in various fields. The results of the survey by iBe, the pan-European financial services consulting firm, say that currently half (50%) of online retail sales are made through global market channels (MARKETPLACE). The same research also predicts that sales from marketplace purchases are likely to exceed $ 7 trillion over the next five years (compared to $ 1,7 trillion today), leading to a new era in e-commerce. trade.

Marketplace - How it works-marketplace-greece-online-markets-sales-eshops.gr-products

Marketplace - How it works-marketplace-greece-online-markets-sales-eshops.gr-products

This increase is due to the fact that more and more companies are adopting marketplace platforms to increase their product range, accelerate cross-border expansion and improve the supply chain, and reduce operating costs.

However, to operate a market effectively you need a multi-vendor e-commerce platform that is designed to have complete control over the management-supplier relationship, as this is the key to successfully completing the market project.

In this article we will look at the most basic features that a marketplace platform should have and give a brief overview of the top popular marketplace platforms.

 

The basic features of a platform  Online Marketplaces

Choosing the right platform  marketplace It starts with defining the key features that your business model requires from the scenario (business plan or strategy). And although there may be a variety of different business needs and functionality of the marketplace platform, to serve them, one thing to remember is that the capabilities of the script (the platform) must be able to serve the different scenarios (different needs) a system of manager-supplier and supplier-customer relationship. So, below we list non-negotiable search options, while choosing a multi-vendor e-commerce platform.

 

Marketplace - How it works : Multiple Vendor Website Features From a Vendor Perspective

Easy registration for the partner stores. Third-party vendors need to be able to easily register and create their own product listings. If it is difficult for suppliers to "upload" the products, they will go elsewhere. They also need their own profile page to make a presentation of their company and their products. (rep. present (these lists)

Separate mini shop for each supplier and individual admin panel. Every seller should have a "mini eshop store" within the marketplace platform. (anti microwave store right in your market.) Mini eshops stores (anti microcomputer) contain: company description, logo, products, product filter for seller's items. The department store URL contains the name of the vendor company that suppliers can promote as a separate store and attract customers to your marketplace platform.

Marketplace - How it works :

Each vendor should also have a separate management framework. This allows your vendors to manage their own store settings, their own products, and add vendor managers with different levels of access to the dashboard.

Linguistic translations. The platform should include translations into other languages ​​to attract international suppliers.

Supplier locations. The marketplace platform should allow your vendors to define their locations so that they can receive more orders from local customers.

Real-time calculations and manual sending. The default multi-vendor cms functionality should allow vendors to use world-renowned shipping methods (including DHL, UPS, USPS, FedEx) for real-time shipping calculations, as well as to define their own manual shipping methods.

Different vendor products in one basket. When a customer places all the selected products from different suppliers in a shopping cart, the order should be automatically divided into multiple orders with each supplier providing the purchased items separately, while the customer only pays once as a total order. (to be mentioned for the total transport?)

Product reviews and reviews. The multi-vendor scenario should offer feedback and rating system with interactive star rating. Customers can comment and rate suppliers, products, categories and orders.

Loyalty program. Customers will be encouraged to buy more and shop regularly with a built-in "Reward Points" system that allows customers to earn and spend points on purchases.

Supplier account balance, sales reports and statistics. Sellers should be able to see detailed statistics on their sales on the marketplace platform. In addition, suppliers must be able to view their account balance to track all payments and commissions received by the store manager. Vendors can also check revenue and expense statistics: total and per period.

Multiple vendor site features from the perspective of administrators

Multiple levels of administrative access. In addition to the key admin access, you must be able to enroll employees and set different levels of access to the admin panel.

Customizable supplier designs. You need functionality to create subscription programs for vendors with different terms and restrictions.

First of all, in addition to commissions, it will allow you to receive a monthly fee from suppliers for sale in your market.

Second, with vendor plans, supplies are pre-determined for each program and a new vendor simply selects the most appropriate option. Vendor Developer functionality will save you from problems with setting vendor supplies

Marketplace - How Online Shopping Works,

Marketplace - How Online Shopping Works,

Marketplace - How it works. Online shopping and sales in Greece. Marketplace markets. E-commerce e-commerce promotion

My cart
Close Wishlist
Close Recently Viewed
Compare Products (0 Products)
Compare Products
Compare Products
Compare Products
Compare Products
Category