When aspiring entrepreneurs and brands think about launching a multivendor store, there are a lot of questions that they need to answer. In this post, we will try to answer all the basic questions related to starting a multi-seller store for the first time:
A multi-vendor store is a website that hosts multiple vendors and provides them the opportunity to sell their products on a single platform, generating unique benefits for both store owners, vendors, and customers.
Read in detail about how multivendor business model works
There are three types of multi-seller stores:
B2B: Business to business multi-vendor marketplaces that allows vendors to sell their products to other businesses. Purchases are usually in bulk.
B2C: Business to customer multi-seller stores let vendors sell their products directly to customers. Purchases are usually in small numbers.
A multi-seller online store can be launched using two popular methods:
Option 1: Getting it developed from scratch by hiring a web development firm. This is a time-consuming model of launching a multivendor platform since everything is built from scratch. However, the scope of customization is huge.
Option 2: Using a turnkey multi-seller store builder. Modern online store builders like Swiftkart has made it less time consuming to launch a mega online marketplace. Everything is not built from scratch but still, the scope of customization is huge.
Building a multivendor store from scratch can cost anywhere between 10,000 USD to 30,000 USD depending on the type of features and capabilities you require.
Building with a turnkey multivendor store launcher means you will be spending anything between $1000 to $10,000 USD depending on the customization you request.
People who run multi-seller websites and host vendors have a lot of monetization options available to them. Below are some of them:
Commission on every product sold
Exclusive seller fee
Read the blog to learn everything about the multivendor business model
Above are the frequently asked questions about multi-seller online store development and launch.
Your e-commerce store query was not answered in the above FAQs? Email at firstname.lastname@example.org to consult with experienced multi-seller store builders for free.