Defining the Multi-vendor Marketplace:
Varieties of the multivendor marketplace:
- B2B- The business-to-business approach has been grasping by Alibaba, Walmart. They primarily sell the products to other businesses at wholesale prices.
- B2C- Business to customer approach is tackle by Amazon, Flipkart, and other popular multi-vendor marketplaces, which gives a helping hand in selling to the customer.
- C2C- eBay, Craigslist, and much more. Some of the famous C2C multivendor marketplaces allow customers to sell the customers.
The Working Structure of Multivendor Marketplace:
- The sellers should grab the subscription of marketplace free or paid.
- When the sellers upload the products online, they can approach by users.
- The admin can charge the registrations fees or fees on every other transaction.
- Most of the time, the payments are taken by the admin and afterward sellers.
- The delivery of the product is held up by sellers or by the admin.
- If any problem occurs during shipment, there will be contact between the sellers or the admin to resolve an issue.
The Characteristics of Multi-Vendor Store:
- It including handling the massive amount of vendors at the time of selling the number of products.
- Managing and tracking the order until it reaches to customer.
- Make it necessary that the orders deliver to their desire location and the fares are already paid.
- Giving the vendors their shares of the sale, which happens on the website.
Handling the Records:
- Give rights to vendors to add their products
- Include the products on your own.
Supervising the Orders:
Some WOOcommerce offers services that provide a helping hand to vendors to supervise the products and orders. Moreover, Woocommerce plugins such as Dokan get you to manage vendors flexibly on a multivendor marketplace.