All this because of the strong impression of online marketing that cannot be avoided for promoting their business online.Now before starting a multivendor e-commerce site, the big question is how much it will cost or what will be the overall budget is required to opt for a multivendor marketplace?Simply like any other project the basic is the same that the cost of launching a Shopify multivendor marketplace depends on the features and the type you are going to develop.Of course, the budget can be different for startups and well-established companies.
For startup companies, basic features that are important for your online store the cost will be minimum.
For well-established firm costing depends on what kind of features they require and ready to pay for as per their e-commerce site?Now here’s a list of the most common marketplace platform features we ensure in our multivendor e-commerce store:Admin Panel Admin: Only admin can use the dashboard to manage the product & user.Admin will be able to add sub-admin and users on the websites.Admin can assign permission to manage products & other modules.Sub-Admins can perform the tasks as per the permission of Admin.Super Admin can perform all the tasks and hold all authorities.Admin can do setting & configuration for the whole site.Manage Product and Customer: Admin has rights to manage the product and customerProduct Description: It contains all information on uploaded products such as price, images, color code, & quantity so on.Category Wise: The application contains the data & relevant information category wise.Product Notification: While selecting the product, the application will have product notification from the selected user option.Manage transaction: Customers should get a secure server by managing the transaction.Add/Remove Product: Admin will have the right to add or remove products as per performance & quality services.Review and Rating: Based on experience Admin can easily rate & review the items or products.Promo Code: Admin can also permit to provide free purchase when there are some offers for a limited period.Seller Panel Seller dashboard:Seller login / RegistrationEdit profileManage Seller ProfilesReview & rating displaySeller Profile:Customize Seller ProfileManage Products for SellerManage FeedbackSeller ConfigurationManage Products:Import ProductsProduct TypeProduct TagsProduct CustomizationManage Order:Order ConfigurationManage Invoice:Invoice ConfigurationInvoice CustomizationUser Panel User Registration: Users can easily register through social media such as Google or Facebook, email, phone number through verification code as OTP.Home page: Here users can access many features such as Menu, categories, coupons, cart, recommend, etc.Select Item: By selecting the item to the user all the information will be displayed so that they can easily buy or add the item to Wishlist for later.Payment gateway integration: Through payment integration, a user can easily get Refund & Cancellation of ordered products.Review and Rating: Based on experience users can review & rate the items.Sorting and Filter: Users can simply customize filters as per their requirements such as pricing, quality, brand, etc.History: Users can keep track of their purchase history by day, week, or month.Wishlist: Users can add products to the Wishlist cart module for future purchasing.Schedule deliveries: After placing the order, the user will get every small information regarding product delivery through notifications & SMS integrations.Promotions: Users get offers and discounts every now & then weekly, Hot, Midnight, Daily, etc.The estimate on multivendor e-commerce marketplace development in hours:So now you know why the development of a multivendor e-commerce marketplace is expensive and time-consuming.
However, the cost goo from $3.000-$50.000 depending on the feature list you want to implement in your site.Overall here we will discuss what benefits a multivendor e-commerce solution have for all size of business?Digital Presence–Today, every business is booming with digital marketing, and that’ why people are more interested in a multivendor e-commerce marketplace platform.
You can customize it as per your business requirement and expansion.Reduces the cost –As compare to a physical store, the maintenance cost of inventory management is highly reduced.Global access –Multivendor marketplace provides you a global platform so that anyone from the world can access your site and order your products online.The Technical Essentials for High Performing Marketplace Platforms: It is an adventure to start a multivendor e-commerce marketplace because its success relies on the right choice of components.
Here your customers will share their quires with you through brief chats so that you can help them out.Integration with payment gateway – Not every customer will prefer to pay through visa cards, in this case, your site has to provide them multiple payment methods integrated into your marketplace.Rating & Reviews – Many users like to review & rate your brand, product, & services.