This guide is all about the strategies used for a multi-vendor eCommerce platform. We will see some of the coolest strategies that will cover multivendor accounts, payments procedures, online stores, shopping carts, and the last thing that you need to do is to check the shipping methods and process. The guide will cover them all.
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This is the most preferred strategy that you can go with. You run a single website (no subdomains) and there are multiple vendors for the same. All the vendors sell on the same website. The name of the vendors can be displayed on the product page.
You will need a super admin who can manage the entire store. It’s not possible to leave all the things on the vendors themselves. They might spoil things. Therefore, you need a super admin who can handle the online store.
Just like you have an individual multivendor account, you can also provide an individual multi-vendor account, you can also provide the panels to them. Within the panels, the vendors can add products and do all the stuff directly from there. The admin panel should include all the things that the vendor will require. You can also add insights and reports to ensure that the vendors know about their store performance. With this, they can increase the sales and you will also get the benefit.
The shopping cart should be the same. One can add all the products from multiple vendors and add them to the cart. The shipping cart should be the same. One can have an individual vendor online store in the subdomain. Even if there are more subdomains, the shopping cart should be the same. With this, the payment should also be the same. Let’s talk about payments.
Just like the shopping cart, payments must be the same. You shouldn’t differentiate between the vendors from the payment methods. In most cases, the payment first goes to the super admin accounts and from there, the super admin will divide the payment. Of course, the process is automated. So, the vendors will get their share directly.
Shipping can be as per the vendor. Here, you get multiple options. You can either have a common shipping process for all. Here, the super admin manages the shipping for the vendors. Alternatively, you can also allow vendors to do their shipping as per their needs. Here, the vendors will have to define the time of the delivery. Therefore, you can have different shipping methods. This should depend on the vendor.
To conclude, this was all about strategies for the multi-vendor. You can always select the best strategy. We highly recommend you to go with MoreCustomersApp to get started with a multivendor eCommerce business.