#freemultivendormarketplace

Multi-Vendor Marketplace:

The multi vendor e-commerce marketplace is an online platform that will connect businesses across the globe with consumers. Contrary to an individual eCommerce application which will be exclusive to a single business, these types of apps will house a wide range of products from different brands.

The multi vendor marketplace platform involves 3 parties namely buyers, sellers and the facilitator of the marketplace themselves with each having their own sets of pros and cons. And they are:

Pros :

For Seller :

The multi vendor eCommerce platform too will attract more users than an individual brand specific eCommerce app. This is due to the fact that there are more products available here

Both the small and big businesses will get equal market share here and this creates a competitive environment.

The multi vendor marketplace software connects buyers and sellers across the globe

For The App owner:

This is a business model that is easy to scale as it mainly relies on the efficiency of operations.

As  they act just as middle men there is no need for them to maintain an active inventory.

The mode of revenue in this business is the commission from the sales made by the vendor so the owner need not worry about margins.

For Consumers:

At the multi vendor marketplace app consumers will be treated to a wide catalog of brands and products empowering them a freedom of choice.

Both the sellers as the multi market place will run attractive deals from time to time which is a great advantage to the consumer.

If they are not able to find a product they are looking for, an alternate product will be suggested to them.

Cons

For Seller :

The buyer needs to pay a  small part of the revenue to the marketplace whenever a purchase is made.

The selling cost of a product is decided by the market factors

For The App owner:

They have to deal with the hassles of shipping and returning a product between buyers and consumers.

There are lots of legal and tax issues that the app owner must deal with to run a smooth business.

For Consumers:

Difficult to avail products that can be personalized.

The consumers can be subjected to fraud or manipulation.

Over the past few years there has been a huge surge in the usage of free multi vendor marketplace. This can be attributed to the fact that the pros for all the parties involved overshadows the cons involved. They are the future of online shopping and it is here to stay.