With E-Commerce making deep inroads in the Indian society and MultiVendor Marketplace helping the cause, the number of people joining the bandwagon will increase. India is about to witness a paradigm change in how the Indian shops. The factor that would contribute most to the paradigm shift is India’s demography. India is the youngest country in the world and youth is the breeze of change.The Corporate world has smelled it. Fueled by the success of Indian startups Flipkart, Snapdeal, Paytm and Shopclues, Jeff Bezos infused billions of dollars in the Amazon.in. His expertise and market position helped him not only inject large sums of money but also provide uber cool customer experience. The result is evident. Amazon is directly competing with market leader Flipkart.
The Corporate world has smelled it. Fueled by the success of Indian startups ike Flipkart, Snapdeal, Paytm and Shopclues, Jeff Bezos infused billions of dollars in the Amazon.in. His expertise and market position helped him not only inject large sums of money but also provide uber cool customer experience. The result is evident. Amazon is directly competing with market leader Flipkart.
The Retail Sales for 2016 in India is approximated to be staggering $941.08 billion dollars whereas the e-commerce retail sales for the year is $23.39 billion dollars. The change in the retail sales is 15% up from the last year whereas it is 75% up for e-commerce retail.
Read : India’s Retail E-commerce Sector Is Small but Still Growing
The Numbers present an exciting case. Though there has been the increase in the offline retail sales, the increase in the e-commerce retail sales has been 5 folds. The two most significant factors that are responsible are ACCEPTANCE of e-commerce and more and more retail shop owners joining the internet for selling.
This is what making sellers look for the e-commerce marketplace; some join other whereas some open theirs. The gap is so huge that it’s not winners take all condition rather it offers an opportunity to multiple players to grow, and grow exponentially.
The gap is huge to be tapped so is the efforts required. Starting a marketplace is no joke. It requires experience, expertise, brilliant marketing skills to attract customers and vendors and retain them. It requires great management skills. No wonder many get a headache.
BUT
Here is a shortcut. Not exactly a shortcut but a great asset per se.
The Magento MultiVendor Marketplace by CedCommerce. The Basic Versionis FREE. And no free doesn’t mean its just hollow or a demo with no life. 5000+ vendors are successfully selling using this extension. The extension converts your website into the MultiVendor Marketplace where customers can come and buy and more like vendors can gather under the same umbrella to sell their products.
The BASIC marketplace helps users understand the marketplace dynamics, makes him familiar with the working of the extension or It helps users establishing their foothold. It has proved to be an effective instrument for users to sell smartly. However, it is that MultiVendor Marketplace Platinum Package that really enables users to take off.
Now comes the part how does this extension make the selling fun and less stressful. To understand the success of e-commerce marketplace, following metric could help
1. Number of repeated customers
2. Number of sellers
3. Customer services
If the marketplace fulfills above three criterion, it is considered to be successful. This is exactly what
CedCommerce MultiVendor Marketplace Platinum Package does. It helps clients excel on aforementioned metrics.
1. A number of repeated customers.
The marketplace platinum has features that compel users to visit again. It is a parameter that decides whether customers like your website or not. The product addon and review addon helps vendors add all sorts of product information – videos, docs, presentations etc. – and review addon helps customers to write their review which educates the vendors about areas to improve. The transparency and comprehensive nature of product information are the two greatest virtues of this extension
2. Number of Sellers.
The success of the MultiVendor Marketplace can also be determined from the numbers of sellers selling on the platform. It indicates whether sellers find the MultiVendor Marketplace find useful or not. The marketplace enables each seller to have their separate shop page. Also, it takes care of shipping with the help of multi-shipping add-on. For Indian MultiVendor Marketplace , it is two important feature – representation and shipping.
3. Customer Satisfaction:
Vendor Social Login enables end customers as well as vendors to login in the single click. The easy to log in and check out, product information make customers happy. Whereas the product assignment addon enables admin to remove the products from vendor’s store. The customer is satisfied. For us you, and for you the vendors and for vendors the customers. Therefore we ensure no one in the chain remains unsatisfied.
There are other Addons also that can be purchased. One such addon is CMS add-on for managing the content. The content helps admin climb the ladders up in the SERP (Search Engine Ranking Pages). The Marketplace Platinum Package consists of Basic Marketplace along with it 9 most important add-ons that make the basic marketplace more vibrant.
Thanks for your interest !
Team CedCommerce