What is multivendor Ecommerce & How to Start a Multivendor Marketplace:

A multivendor ecommerce store houses several vendors with each having their own account within the store. Different vendors list their products on such a site and buyers come to the store to buy the products offered by various vendors. There are the multiple ways by which a store owner can earn revenue like:

  • Subscription based model for each vendor
  • By earning commission on every order
  • By advertisement
  • By affiliate marketing

Airbnd, GrubHub, Amazon, eBay, Alibaba, etc. are some of the popular names in the multi vendor marketplaces. A big challenge concerning the launch of a multi-vendor portal is the selection of right ecommerce platform as the available options vary considerably on cost, quality, and performance. There is a couple of ways to build a multi vendor marketplace website:

  • Hire a team of web developers
  • Outsource the freelancers
  • Choose the ready to launch solutions

Personally, I recommend the ready to launch solutions to build an online multi-vendor website. Cost effective, saves time, features rich, free technical support, etc. are some of the good reasons to go for the readymade solutions. YoKart, a popular multivendor ecommerce platform from FATbit Technologies provides a good starting point on these grounds. As compared to other multi-vendor systems, YoKart comes across as the most effective and powerful solution due to its wide-ranging features, user focused design, affordable pricing, and fewer limitations as compared to other platforms. 

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