Ever thought to get profits from selling without selling it yourself? Is there a choice answering this need?

Certainly, you can do if you choose to go with “Multi-Vendor Marketplace.”

What Is Multi-Vendor Marketplace?

Picture yourself as the owner of a department store in the city, you purchase your empty space, but you don’t need to have your own product to sell. You start off your business by contacting with vendors around your area, see if they’re interested in selling their products in your department store.

Gathering vendors from many fields, you decide to divide all departments into clothes, books, accessories, stationery, sweet, cosmetics, sports, and shoes. All departments now are full with variety of products along with vendors who are happy to sell. Your first business is opened, customers come to you and purchase products from various vendors. You receive all payments from customers whatever they buy from your department store and then you share commissions with your sales assistance later. That’s how Multi-Vendor Marketplace looks like.

To put it simply, Multi-Vendor Marketplace software enables you to become the owner of online marketplace, you can take Multi-Vendor Marketplace to install on your hosting provider and define your categories, which product you need vendors to sell in your ecommerce store. Once categories are set, move to the next step to find vendors who are willing to list their products and sell them for your store. Vendors will be responsible for products based on category you assign, they can add unlimited products to the category and sell all of them to customers who visit your marketplace.

How Does It Help You?

As the owner of online marketplace, you can have a variety of items sold in your place. Things you have to do are setting product categories, promoting your marketplace and then earning commissions from the vendors.

How Does It Help Vendors?

Some new vendors just want to experiment their sale before spending real budgets on their serious business. So, selling products in online marketplace will save their cost from building their own website (hosting, developer, and designer).

Experienced vendors who already have their ecommerce website may need people around the world to know their web presence. If they are a part of popular ecommerce sites and sell their products to millions of people, chances that customers will get to know them better is higher which can result in profits increase in their ecommerce store.