An Outlook of the MultiVendor eCommerce Business Model

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Online MultiVendor eCommerce Marketplace – What is it and how does it work? An online marketplace is a fleet of eCommerce stores huddled together in a single site. The admin, vendors and the customers constitute the business ecosystem of a multivendor ecommerce marketplace . The vendors sell their products on the marketplace, which is owned by an admin/marketplace owner. So when a customer purchases the products from the marketplace site, the payment is received by the vendor and the admin in turn receives the commission from the vendor. What is the reason for the widespread acceptance of a Marketplace? With the proliferation of smart phones, online access has become simpler. So people no longer prefer to wait in queues and carry beefy […]

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