Multivendor online shops, otherwise known popularly as Online marketplaces, are gold mines when done right. Amazon, Etsy and eBay are some of the popular Multivendor sites. The idea behind these Multivendor sites is to allow individuals, or companies, to create their vendor profiles and post their products for sale on a common website.
Unfortunately, some of the more popular standard ecommerce website builders such as Shopify and Squarespace are not able to provide Multivendor ecommerce system as it requires more complex function. So, we list out the necessary features that is required in a Multivendor ecommerce system to build a Multivendor online shop. Let’s have a look.
What is a Multivendor Ecommerce System?
A Multivendor ecommerce system is a software platform that enables you to create an online store where multiple vendors come together to sell their products to earn the profit. An online vendor is the one who sells their products on the internet marketplace.
A Multivendor online marketplace can have an unlimited number of vendors. In a Multivendor ecommerce website, independent vendors can sell their products through a single storefront. Usually, the Multivendor ecommerce marketplace involves three basic entities: admin, vendor, and customer (storefront).
Secret 1: Multivendor Ecommerce System — Storefront
Online storefront is the place where the customers view the products and do shopping.
For example, when customers visit an ecommerce website, they can pick one item from an electronics reseller and another from Company PhilipsX. Then they can process both through the same shopping cart. The Multivendor payment processing system splits the payments behind the two vendors and everyone gets their amount of share. This ecosystem of people selling in one common place helps the customer find a range of products under one roof.
On the storefront, the customers can view the rich product catalogue and the most competitive pricing offered by multiple vendors. With a Multivendor ecommerce site, you can focus on selling niche products as well as products from different verticals.
Secret 2: Multivendor Ecommerce System — Admin Panel
In the Multivendor system, the store owner or super admin gets complete control over the marketplace including vendors, orders, commissions, products and everything. With a disruptive control panel and a user-friendly interface, the site owner easily manages the Multivendor store. Admin gets sales commissions from every vendor based on the pricing plans subscribed by them with monthly fees.
- Admin can invite vendors and set a hierarchy
- Stay on top of everything related to Multivendor store management
- Manage work flow associated with the sourcing, packing and delivery of items
- Handle vendor payment transaction
- Get comprehensive sales statistics with a complete overview of vendor performance
Secret 3: Multivendor Ecommerce System — Vendor Panel
Just like on eBay, every vendor has their own mini store with search, filters, and categories option. The customers can view the vendors’ feedback score and order products from them. On the backend, every vendor is provided with an interactive dashboard with options for order management, product management and delivery management.
- Manage customer orders and respond to order complaints
- Add products with detailed descriptions and high quality images
- View the products added to their customer wishlist
- Get a detailed overview of customer orders and delivery reports
- Choose subscription based monthly pricing plans as per their convenience
Get the right Multivendor ecommerce system
Are you planning to purchase a Multivendor ecommerce system? There are plenty of platforms available for you to choose from. But selecting the right one that fits your business requirement will help your business to grow successfully. With Purchase Commerce , you can empower vendors to choose flexible subscription plans and pay commissions from their sales based on the order, product or category option.