Home ยป What is a Multi-Vendor Marketplace?

What is a Multi-Vendor Marketplace?

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What is a Multi-Vendor Marketplace

A marketplace is a platform that brings buyers and sellers or vendors together in one location. Only the shop owner and customers exist in traditional eCommerce stores.
However, there are a few other entities in an online market:

  • Owners of marketplaces Vendors/Suppliers (in case of B2B)
  • Customers
  • Manager of logistics and warehouse (In case of Big marketplaces)
  • shipping company
  • There are further ones, such as conflict manager (in case of refund and returns).

How do you set up an online market?
You might think that โ€œbuilding an online marketplace is not an easy process right? โ€ in light of the prior debate. Actually not at all.

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