Steps to Launch an eCommerce Multi-vendor Marketplace Using a Turnkey Solution

What name comes in your mind when you think of a big and successful eCommerce website?

Amazon, eBay, Etsy, Alibaba. Right?

It’s apparent that you would have ordered products online using one or more of these eCommerce websites. The consumer behaviour concerning shopping modes have evolved and digitalization has a lot to do with it. eCommerce has taken over a huge part of the retail industry.

All the above-mentioned eCommerce websites are functioning on a different business model but do you know there is one thing that is common among all? They all are multi-vendor in nature. A multi-vendor eCommerce website allows multiple vendors/sellers to list and sell their products online.

According to Statista, “In 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. Online shopping is one of the most popular online activities worldwide.”

The multi-vendor marketplaces like Amazon are ruling the eCommerce industry for a long time now. So, how complex is it to launch a multi-vendor eCommerce marketplace in today’s scenario?

Well, that depends on the way you opt to build an eCommerce marketplace. There are 3 ways that you can choose from,

  1. Code it yourself
  2. Hire a website developer
  3. Use a ready-made solution

But, which one is the best way for you? That depends on the following factors:

  • What kind of a marketplace are you building?
  • What is your budget?
  • What are your technical capabilities and resource availability?

It is imperative to choose the right digital capabilities to build eCommerce marketplaces like Amazon or eBay. Even if you don’t know how to code, you can easily own an eCommerce website. All thanks to the advancement in technology! There are numerous turnkey solutions available in the market which can help you launch your eCommerce multi-vendor marketplace within a few days.

Many eCommerce marketplace solutions like Shopify, Yo!Kart, WooCommerce and CS-cart can help you start your eCommerce business. In this blog, we will be reading about the steps followed by Yo!KartMulti-vendor eCommerce Solution to understand the overall process of an eCommerce marketplace platform.

Take a look at the following infographic to quickly go through the process followed by Yo!Kart. Further, we will be discussing all the steps in detail,

Steps to launch a multi-vendor eCommerce marketplace

Why Yo!Kart?

A few years back, building an eCommerce platform similar to Amazon seemed like a complex task. But, in today’s fast-paced and technology-driven world, the process of launching and managing a multi-vendor marketplace should be less complicated and more streamlined.

This is where the tailor-made solutions like Yo!Kart comes into the picture. Yo!Kart is a complete e-commerce marketplace solution to address all your business requirements without any hassle.

Not to mention, it has gained appreciation and recognition from top media houses like Inc., Entrepreneur, Forbes, Business Reporter, and The Telegraph.

Check the following video to see how efficiently Yo!Kart has served 1000+ clients from different industries:

Let’s go through the steps in detail:

Step 1 | Select a Package Based On Your Business Requirements

Yo!Kart offers two different packages tailored for different business needs — GoQuick ($999) and GoCustom ($6999). The cherry on the cake is their special Startup Package ($500). All these packages have different plans and you can choose one that is best suited for you.

What users love the most about the Yo!Kart packages is that all packages come with lifetime validity and flexible payment options.

Step 2 | Get your eCommerce Marketplace Installed

All the Yo!Kart packages except the startup package are self-hosted. You just need a server space from the hosting service provider of your choice. Following is the installation process:

  1. After buying the package, a dedicated project coordinator will be assigned to you
  2. The coordinator will be responsible for coordinating with the technical team for all the requirements
  3. After a pre-installation test, the team deploys Yo!Kart on your server

Step 3 | Configuration of Your eCommerce Marketplace

After the installation of the marketplace, the next step is to configure the settings. It starts with basic settings like logo, country and state information. It also includes the addition of various key tools for efficient website management and administrative features as per your business processes.

Yo!Kart features are classified into various segments and these segments are:

  • eCommerce Features
  • UI & UX Design Features
  • Product Management Features
  • Marketing Features
  • Conversion Features
  • Payment Features
  • Reporting & Analysis Features

Yo!Kart also comes with an interactive buyer mobile application with top features like Multilingual with RTL Support, Voice Search, Social Sharing, Custom Push Notifications, etc.

Step 4 | Adding Products On Your Marketplace

The next step is to add products/services on your eCommerce marketplace. The admin can add products by using the product catalogue feature or he can simply add products in bulk using the export/import feature. The admin can also control if the vendors should be allowed to add the products on the website or not.

On the other hand, the vendors can add additional information to make the website SEO friendly and they can sell physical as well as digital products through the eCommerce website.

Step 5 | Your Marketplace is Ready to be Launched

After all the configurations, your platform is finally ready to be launched. From this point, you can start marketing your eCommerce website using Yo!Kart features like,

  • Adding Blogs
  • Pay Per Click
  • Offers & Discounts Option
  • Rewards on Purchases and much more…

Step 6 | Manage Your Marketplace With Ease

After the final launch of your eCommerce website, all you need to do is manage it effectively. For the easy management of your marketplace, Yo!Kart has pre-loaded features and above all, you can easily integrate third-party applications of your choice using third party APIs.

Want to connect with an eCommerce marketplace expert from Yo!Kart? Fill the contact form here!

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