Be it an eCommerce website, mobile app or a multivendor ecommerce marketplace solution, the success of each lies in the way it is developed and when there are options available in developing them, it is natural to face confusion. So, before you scratch your head more, allow us to make it all clear for you.
Online shopping is no more just a trend today. It has become a habit for all. For any product or service, we wish to acquire, the first thing we do is to look online which is why, as per the statistics, the total amount of retail online sales is growing steadily and is likely to reach almost $5 billion by 2021.
But, even in these online businesses, one that is gaining the limelight is a multivendor marketplace website not just due to buyers and sellers but even budding entrepreneurs too. Reason? It is the most convenient medium of shopping and sale of multiple products from one site for customers, because it is capable of generating high profits for sellers, and for owners – it can be efficiently managed. In short, an online e-commerce multi-vendor website is a win-win situation for all.
Now comes the tough part. A multivendor ecommerce marketplace solution may be a great way for a startup or an e-commerce company wanting to explore new opportunities but, it has to be developed such that positive outcomes are guaranteed. Now, you may think how is that possible? Well, there are two main methods of multi-vendor marketplace development – using a readymade e-commerce platform or building a custom solution from scratch. Since both have their pros and cons, we have our experts’ suggestions portrayed here to clear all your confusion in picking up the best.
Scratch or Custom-made solutions are the ones that are developed according to a client’s specific requirements like marketplace software solution for wholesalers or a marketplace software solution for distributors, while a ready-to-go means Software as a Service (SaaS) which is available to use for a minimum monthly subscription fee or a one-time purchase.
Recommended Blog: Multi-Vendor Marketplace – Benefits and Challenges
Now, let’s see which one is better?
As we said before, both have their pros and cons hence the choice of development method for a multivendor ecommerce marketplace solution may be rather difficult and can be affected by multiple factors. However, if you have a time issue and cannot afford a huge expense then you can go with the readymade marketplace script as it is very cost-effective and user-friendly but, if you wish to stand-out in the market and create a multi-vendor marketplace eCommerce solution that will become your signature and your statement with its uniqueness then, investing in custom software development is the right thing to do.
If you need a more detailed consultation on creating a multi-vendor marketplace or are looking for an experienced Magento marketplace software builder, MobiCommerce is the name, remember it.
If you have a grocery store and you are looking to take your business to the next level, then this is the right time to invest in grocery mobile apps. A report by Oberlo suggests that online grocery sales in the US are expected to reach $160.91 by 2023. Not only this, the revenue continues… Continue reading How to Build a No-Code Online Grocery App in 2023?
Most businesses create an app to establish their business in the digital world. But after some time, these businesses end up investing much more money by creating different versions and similar apps for different operating systems to stay relevant in the market. Later on, this choice of businesses becomes painful as they spend more money… Continue reading How to Build Modern and Offline Progressive Web Apps
As per the reports of GrandViewSearch, the global market size of B2C eCommerce software will increase to USD 7.6 trillion by 2028. The statistics suggest that B2C eCommerce platforms will grow with a CAGR of 9.7%. All of us know that online marketplaces whether you take B2B or B2C are growing at an incredible growth… Continue reading 4 Ways to Build B2C Marketplace Software Solutions from Scratch
Sign up for our newsletter and be the first to receive all the latest updates.
Request a callback from us by filling the form below.
Get your project estimate. Brainstorm business ideas. Book a demo. Get complete support and so much more!