An eCommerce marketplace is a place or a website where one can find different brands of products coming from multiple vendors, shops or people showcased on the same platform. The marketplace owner is liable for attracting customers and the processed transactions. Online Marketplace streamlines the production process through one simple portal, where the manufacturers sell their products directly to the consumers, therefore, avoiding the stagnant process of stock holding. This kind of supply chain management is usually referred to as the “Dropshipping” method. Using the tailored solutions provided by the best eCommerce marketplace development company can benefit a business in several ways.
The advantages of an online marketplace are the reasons many businesses choose to sell through online marketplaces. Some of the delightful advantages are:
Allow to add, approve, and decline vendors as well as return requests, credit dealings, measure performance, and view the entire information.
Allow approving new products added by the seller or declining the products.
Receive the requests, conclude the dealing, and mark the request as settled manually.
Check complete detail of vendor transactions, invoices, and pending orders.
Efficiently understand inventory and order status, The vendor dashboard is available with the best selling products, order summary, sales report, revenue details, etc.
Allows vendors to increase sales, A rugged and effective products catalog management system
The vendor can find and check order details when needed. Manage orders, shipments, credit, order return, invoices, and exchange requests from vendor dashboards
Add, edit, or upgrade products, Upload products in bulk into the store within a few minutes
With the mobile app, buyers can easily view and purchase items of their choice
It helps the eCommerce marketplace platform to increase online sales, Customers can add one or more products to their wishlist and buy them later
Customers can compare the prices of the product of different vendors
Customers can log in easily with Facebook, Google, Twitter, LinkedIn, etc.
Today, consumers look for a suitable and easy approach when they want to shop products online. They demand a smooth and hassle-free user experience, single-click shopping, and an innholder of other segments such as order tracking, sale alerts, notifications, live chats, and more. Also, they want brands to cater to favorably appropriate and smooth functioning on different laptops, tablets, social networks, smartphones, and stepping into the store. As a renowned eCommerce marketplace development company, we offer B2C eCommerce solutions that are more than just an online selling and shopping cart platform. Instead, it is a robust and multi-faceted eCommerce, management and order processing procedure that can be customized to meet your business needs.