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The Checklist of How to Start Multivendor Marketplace From the Scratch

After seeing the success of Amazon, Walmart, Airbnb, eBay many ambitious entrepreneurs now wish to launch a similar store. However, to build a marketplace is not a like walk in the park. It needs to build a marketplace that can be able to do balancing between buyers and sellers, keep things running smoothly and create a fluid customer experience. Here we have made a checklist of which things need to be taken care while building multivendor marketplace from scratch. If still confused, ask our expert developers to get detail info: https://www.mobicommerce.net/contact-us/

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The Checklist of How to Start Multivendor Marketplace From the Scratch

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  1. Ultimate Guide to Launch a Multivendor MarketplaceFrom The Scratch

  2. MobiCommerce provides engaging multi-vendor marketplace solution to any type of business vertical that bring a great volume of traffic and increase conversion rate. Our experienced team thoroughly analyze the target audience, understand the challenges of the marketplace better and based on that build the business-centric solution. www.mobicommerce.net

  3. Get a Better understanding of your Targeted Market • Access the market and choose the most attractive niche for your users  • Know your user’s problems and build a two-sided marketplace for buyers and users • The design solution that solve your users and buyers problems www.mobicommerce.net

  4. Choose the Revenue Model of the Marketplace • Sign-up fees Model while vendors join the marketplace • Subscription business model that generate recurring revenues • Collect Listing Fee from your vendors • Selling fees to charge vendors for every successful order www.mobicommerce.net

  5. Plan Your Marketplace Operations • Prepare a list of features as a vendor perception • Prepare a list of features as a buyer perception • Prepare the list of the must-have platform features • Prepare the list of advanced marketplace features www.mobicommerce.net

  6. Define USP of Your Marketplace • Identify a ground-breaking business idea • Figure out how will you differentiate your marketplace from others www.mobicommerce.net

  7. Select the Secure Payment Infrastructure from: Define Payment Infrastructure from below payment infrastructure: • Payment Gateway • Shipment Gateway • Communication Gateway www.mobicommerce.net

  8. Select the Adequate Hosting Solution from: • Shared Hosing • Dedicated Hosting • Cloud Hosting • On-demand Resources www.mobicommerce.net

  9. Select the Right Marketplace Platform based on: • Extendibility of the software • Service included in the software • An intuitive user interface that increase user engagement • The selected model should be aligned with your business needs www.mobicommerce.net

  10. Launch Your Marketplace in Planned Manner • First launch beta version • Get feedback from your prospects • Enhance it based on that www.mobicommerce.net

  11. Thank You

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