Multivendor Model Solves Challenges Faced by Standalone E-commerce

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Single vendor (or standalone e-commerce) stores, by their very nature, remain limited to a single market or niche, unlike the multivendor model. The future of e-commerce retail sector is bright and full of opportunities. But with thousands of entrepreneurs pushing their way forward to seize these opportunities, the competition in the sector is also getting intense. As a result, in the current e-commerce dynamics, growth is the only way forward — the only means of survival. This is why more than eight in 10 e-commerce start-ups fail within first two years. Opinions expressed by Entrepreneur contributors are their own. […]

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