When it comes to taking a traditional business online, many owners are sold to the mystification of specifying what kind of online store suits the business demands. I would say, most of the business persons have lost their game in choosing the wrong resource. Understanding such merchant dilemmas, Valiant Systems have come forth in elaborating the difference between Ecommerce types that are single-vendor and multi-vendor Ecommerce. Many users browse such as Ecommerce vs Marketplace, single-vendor marketplace vs multi-vendor marketplace, online store vs online marketplace, etc but the details listed are the same with names varied. Though in both platforms, selling and buying in the only keen idea, the multi-vendor marketplace differs slightly as it offers the opportunity not just for a single vendor to sell online products but for multiple vendors across countries.
We at Valiant Systems are expertise in providing top-notch Ecommerce Website and multi-vendor websites with fully-fledged features enhancing sales and customer base rapidly. Following we will see crucial differences between single-vendor and multi-vendor Ecommerce.
Online Store- Ecommerce store is a website where a single vendor sells services or products online to multiple customers. Here the owner acts as the admin and manages all orders, sales, inventory, marketing for his business effortlessly. To launch an online store from scratch, Valiant Systems comes handy. With pre-defined customized features and integrations, you can run your online business successfully.
Multi-vendor Marketplace- This is somewhat a special kind of website, where multi-sellers from multi-locations sell their store products or services at a single online platform approved and managed by a single administrator. This in a real-life, is the most fortunate market trick to earn more commission per product sales with just owning a website. In this marketplace flow, three parties involve and they are admin, vendor, and loyal customers.
Here, the admin has the full authority to accept and market products that comes into his website. Admin can choose best selling products or services and promote for better income. Admin can also allot discounts based on vendor business, purchase, or order limitations. The admin can even promote his products on social media such as Facebook, Instagram, and WhatsApp. Well, that comes as separate service integrations.
Multi-store Ecommerce:- There is another kind of Ecommerce that is completely ignored by nature and that’s a multi-store marketplace. This is similar to single-vendor but Ecommerce where the website is owned by single persons but he/she can add multi-location businesses. For Example, a biriyani restaurant owns a website and online ordering mobile application and is located in Chennai, the same restaurant is located in Pune and Kerala. For these, online sellers get the most advanced multi-store Ecommerce solution.
Online Store- Ajio, Puma, Luxepolis, FabAlley, Casio, Apple, Samsung, Lenovo, etc.
Multi-vendor Marketplace- Amazon, Walmart, Flipkart, eBay, Alibaba, Uber, Myntra, Etsy, Bigbasket, Jabong, Snapdeal, Shopclues, Limesroad, Otto, etc.
WEBSITE TRAFFIC RANGE:-
Online Store- The site owner needs to create a marketing strategy and attract more customers to his/her Ecommerce platform.
Multi-vendor Marketplace- Compared to single-vendor stores, the marketplace has a huge audience level to target and there will be co-workers along with the admin to handle the marketing process. As there is huge audience, the product numbers are unlimited, which opens the gates for various offers and discounts, resulting in increased sales.
COST OF LAUNCHING WEBSITE:-
Online Store- Based on features and sales, website rate is described but in comparison to the multi-vendor marketplace, the price of Ecommerce store is less.
Multi-vendor Marketplace- To be frank, multi-selling websites or mobile applications are usually higher than normal online stores, as multiple dashboards, features, and integrations are designed for admin, vendors, and customers. To know more about pricing for your business requirements, call Valiant Systems.
Valiant Systems offer top-class solutions for your online business at the best price. We have served and satisfied 280+ clients worldwide. Do you want to be the next? Join us now!