When we go 10 years back, we would have witnessed the sales volume of traditional shoppers i.e 87% and the sales of online purchases which was 5%. What happened in between? How come the E-commerce marketplace has grown extraordinarily reaching 800 Billion profit in market. Let's see the rise of and key benefit of multi-vendor marketplace for your business with Go1 Market on side.

Today the rising trend and demand to own an online platform has increased due to the avoidance of offline shopping patrol. The secret is that COVID pandemic and other climate catastrophes have quarantined people from moving outside to buy groceries, meat, fashion apparels, furnitures, kitchen appliances, etc. The evolution of online shopping have constantly increased forcing traditional sellers to own an Ecommerce store for themself, giving them the opportunity to continue business.

WHY MULTIVENDOR ECOMMERCE?

A multi-vendor ecommerce marketplace is a massive platform that offers numerous vendors the chance to do business and sell their goods and services in this vast online environment. Physical stores generate fewer customers when selling goods and services, therefore this online marketplace is a terrific way to expand your business globally and attract lots of customers.

Numerous manufacturers, distributors, and retailers have benefited from the idea of a multi-vendor marketplace website by selling more products to a larger audience. This platform enables vendors to set up their accounts and include an unlimited number of product catalogues. So it's strongly advised to create a scalable multi-vendor marketplace that is simple to customise if you want to expand your business to every country in the world. We at Go1 Market offer best Ecommerce marketplace solutions (Website and mobile application) at affordable prices, as per customer demands.

Also Read: 10 Reasons to choose Go1 Market to launch online marketplace

FUTURISTIC MARKETPLACE FOR BUSINESS MODELS 

☆ Products Marketplace

☆ Rental or Booking Marketplace

☆ Service-based Marketplace

☆ Subscription Marketplace

BENEFITS OF BUILDING A MULTI-VENDOR MARKETPLACE WITH GO1 MARKET

ENGAGE WITH MORE CUSTOMERS: Realizing that it costs more to gain new consumers than it does to maintain existing ones, our multi-vendor online marketplace system is equipped with numerous primed customer acquisition strategies including conventional coupons, gift cards, reward points, lucky draw contests, etc.

CONVENIENT SHOPPING EXPERIENCE: Our multi-vendor eCommerce platform is home to a huge variety of sellers who offer a wide range of goods. Customers appreciate how convenient it is to shop because they can find a variety of goods under one dome.

COST EFFECTIVE MARKETPLACE SOLUTION: Our multi-vendor eCommerce marketplace solution reduces overall costs for the shop owner because each seller can handle the usual selling expenses and there is no requirement to hire additional staff.

SIMPLE INVENTORY MANAGEMENT: For an eCommerce business, mainly a startup, managing inventory and the related human resources can be a tiresome effort. With the help of Go1 Market multi-vendor marketplace platform, vendors can easily manage the complexity of their warehouse.