What is marketplace software?
Marketplace software is a platform for starting a multi-vendor website. This software can be on-premise or cloud. On-premise marketplace platforms usually have a lifetime license with one-time payment. Cloud platforms are subscription-based.
How does marketplace software work?
Marketplace software has a backend, a storefront, and a vendor panel. An admin manages the marketplace in the admin panel: manages sellers, helps them upload products, set up promotions, payment options, and logistics. Customers shop on the marketplace storefront by browsing the catalog and adding products to the cart from different sellers. Once the order is placed, a marketplace seller sees it in the vendor panel and starts to process it.
How do I start an eCommerce marketplace?
You basically have two options: develop an eCommerce marketplace platform from scratch or build a marketplace on a ready-made platform. There are pros and cons of both options. For example, the development of an eCommerce marketplace from scratch can cost you a lot of money. But in this case, you can tailor it perfectly to your business processes. Building the business on a ready platform is way more affordable and quicker but you can face some limitations, which you will have to overcome with custom development.
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