Tag: magento multi vendor marketplace

B2b ecommerce Marketplace

Multi-Vendor Marketplace Solution to Take Your Ecommerce Business Next level

89% of the Businesses that present in Multi-vendor Marketplaces are successfully able to retain the clients well.

It is also anticipated that sales through eCommerce solution to reach $4.5 Trillion by 2021.

Looking at the growth, current trends and consumer satisfaction ratio there will be high rise in the sector in upcoming years.

Multi-fold features of Marketplace Solution –

  • Complete Omni channel solution
  • Customizable and scalable
  • Fully tested and ready to go-live
  • Multiple payment gateways
  • Social media friendly
  • Integrated Analytics and SEO friendly
  • Easy to manage admin and vendor panel

MobiCommerce offers personally-tailored, power-pack, Marketplace solution perfectly suitable for your business needs be it Hyperlocal or Generic, Retail or Wholesale, Rental or Booking or on-demand services.

Watch this video to know more about MobiCommerce’s feature-rich Multi-vendor Marketplace Script and Solution that helps to level-up sales and revenue.

multi vendor marketplace infographic

Infographic – Importance of Multivendor Marketplace for Retail Industries

A lot of changes have occurred in the eCommerce industry since its origin. Ecommerce nowadays has taken a faster pace. Selling own products solely to offering products from multiple-sellers is a trend e-commerce/business owners are adopting. Online stores are taking a quick shift towards Marketplaces.

Reasons of E-commerce shift to Marketplace

  • In 2016, Amazon generated 22.99 billion U.S. dollars in third-party seller service revenues, up from 16.09 billion U.S. dollars in the previous year. Seller-service revenues account for the second-largest revenue segment of the online retail platform.
  • Customer Retention: In comparison to single ecommerce stores, a multi-vendor marketplace helps in retaining up to 89% of the customers.
  • Revenue Boost: Sales through Multivendor marketplaces will account to almost thrice as compared to online stores by 2021.
  • Huge Traffic: Multi-vendor stores helps in grabbing more traffic in comparison to single online store.
  • High Conversion Rates: Multi-vendor marketplaces offer a variety of products so that your customers need not look in to the other stores thereby increase in loyal customers and high conversion rates.
  • Earn High Commissions: More varieties, more offerings, more sales, therefore more commissions in your pockets.
  • Take a sneak peek to the Custom Writing’s Infographic below to know the Importance of Multi-vendor Marketplace for Retail Industries.

    Multivender Marketplace - Mobicommerce