For those who don't know, a multi-vendor online store can host multiple sellers and enable them to manage their product catalog independently. Amazon is the perfect example of a multi-seller store and that's why it makes such huge profits every year.
While launching the next Amazon is difficult, you can definitely build an Amazon-like platform for a specific industry. In this blog, TechoSquare will share the best multi-vendor marketplace business ideas to make high sales and profits in 2021.
The following are the best online marketplace ideas:
Online furniture sales have started taking off in the past decade. The worldwide online furniture sales are expected to hit a market volume of $289.3 billion in 2023. Ever since the coronavirus pandemic started and work from home became the norm, the demand has only got bigger. In short, this multivendor business idea is going to be a hit in the coming years!
In 2020, online US grocery sales jumped 54% to $95.82 million, giving it a 12% share of total US e-commerce sales and 7.4% of all grocery sales. Another report states that global online grocery sales will cross $100 billion by the end of 2021. What can be better than this for your multivendor marketplace business idea?
If you think the grocery niche is competitive, well, think about starting an organic grocery store or a virtual shop that deals only in culture-focused foods (like Indian groceries).
Due to the changing shopping preferences, people have also started buying liquor and wine online. According to ISWR, the value of alcohol e-commerce will increase by 42% in 2021, which is around 24 billion in US dollars. Globally, the market size is even bigger.
That's why starting an online liquor and wine marketplace can help you earn huge profits and sales in 2021.
One of the best multi-vendor marketplace business ideas during COVID times! 5 years ago, the online health and fitness industry was at a nascent stage. But massive growth has been recorded in the online fitness and wellness segment recently.
In the year 2021, the fitness industry is projected to account for $2190 million in revenue sales.
Above are the 4 multivendor business ideas to make huge profits in 2021-22. If you know any online marketplace idea that you think will click but is not on our list, Techosquare would love to hear it and help you make it a reality.
Swiftkart is the most powerful solution to launch a multi-seller store in 2021. Check out its key features:
2021 is the perfect time to launch a multi-seller store to secure big sales and profit. Email us at firstname.lastname@example.org to discuss your multivendor marketplace goals.
Check out how multivendor business model works.
Want to start a regular online store? Well, check out these trending products to sell on the internet!