Start Online Business Whether Single Vendor or Multi Vendor?

Single Vendor or Multi Vendor

 

Success and happiness both are not the same things, similarly there are two different things are present in the regards to online business. There are proper steps for achieving goals similarly there are few important points to understand about any online business development they are as follows:-

You have to decide which business you want to start online whether it is Single Vendor or Multi Vendor?

Now question arise what is Single Vendor and what is Multi-Vendor business?

a.) Single – Vendor:-

In Single Vendor, You can sell your product only. You will not get space for giving any businessmen for developing their business under your shelter. If you are stockholder or wholesale provider, then it will build profit scale for you, otherwise, no profit scale can be built. If you have your own warehouse, then only you will get huge profit in your online business. Otherwise, will not able to get clear traffic on your website.

b.)Multi – Vendor:-

Multi-Vendor means multiple people can start their business under one platform.  But in multi vendor site, you can give e-space to multiple businessmen for developing their business under one roof. In multi-vendor, you need not have warehouse compulsory. If you did not get success in starting time of startup business you can manage your loss by getting a commission from other businessmen by giving space for developing online business under your online space. If you do multi-vendor business, so you can achieve traffic by providing multiple products from different ends.

Some Important Points while starting Single Vendor or Multi Vendor Ecommerce Business:

1. Shipping Facility:

You need to develop shipping facility for your clients for providing them products from your developed site. For providing shipping facility, you need to do a tie-up with shipping providers they take defined amount of money from every end who ever want to develop tie-up with shipping provider companies.

2. Payment Gateway Service:

You need to tie-up with payment gateway providers for getting payment from different bank t your specified bank. There are many users have a different bank account in the different bank and for getting through different account payment clients need a payment gateway. You have to do a tie-up with banks for providing you gateway facility.

3. Hire A Good Company according to your Requirement:

You have to maintenance and updating of your developed website Whether it is Single Vendor or Multi Vendor .

4. Online Marketing:

You need to do SEO (Search engine optimization) for making site famous in every domain. SEO help in getting your site famous and help in increasing ranking of a website. Increasing ranking of website help in getting into search engine database. If a user searches for the related keyword of your site and if your site will become famous and come at top of the search engine you will definitely get huge traffic.

5. Good Technical Support

You need to have technical support 24 x 7. If you want to develop online business definitely you want to make your site famous at least your state or country or other countries. If in case, your site will be worldwide, so you don’t know when and at which time you will get customer or user for your site. So, you need to have technical support at 24 x 7 if by mistake your site will crash or you will not able to entertain your customer at that particular time for that you need technical support.

Final Wordings:

It is not important that, Whether it is Single Vendor or Multi Vendor, you need to develop a website and follow important strategies at a perfect time.

These are few basic points to understand regarding How to start an online eCommerce business. If you are professional, then you can manage every and each basic step of development cycle but if you are not professional hand on technologies to better to search for eCommerce website development company for completion of every step as defined above.

Leave a Reply

Your email address will not be published. Required fields are marked *