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Top 5 benefits of a multi-vendor E-commerce marketplace

E-commerce has redefined the way of doing business while multi-vendor E-commerce marketplace has set a new trend in the sphere. A multi-vendor E-commerce marketplace is where the customers can buy numerous products all on a single platform.  Many vendors switch to a multi-vendor e-store to sell their products easily while witnessing better profitability. Here are the perks of an E-commerce marketplace.

Exposure

Once the customers login into the multi-vendor E-commerce store, they can get access to a plethora of products and brands on a unified platform. Therefore, vendors and their products are exposed to a wide range of audience and thereby bringing in more business opportunities.

Cost-Effectiveness

An online E-commerce marketplace is synonymous with minimum investment and massive returns, meaning it is highly cost-effective. Every time a product gets on the platform, the marketplace and the corresponding vendor reap mutual commercial benefits.

Adaptability

This business model is highly adaptable where all the vendors involved can easily fix the pricing, update product information, and manage business activities. This way, the marketplace helps online vendors to be a step ahead of the traditional players while engaging more customers.

Accessibility

The multi-vendor E-commerce marketplace is accessible and user-friendly for anyone to set up their online store in no time. Moreover, it is suitable for every business irrespective of its size.

Approachable

An E-commerce marketplace eliminates every issue relating to conventional business practices from resource handling to ineffective inventory management. Here, the vendors can create individual profiles and sell their products through a sleek, single storefront.

An E-commerce marketplace holds a promising scope as a majority of vendors today choose to move their businesses to a reliable digital platform in order to make the selling- buying process seamless and hassle-free.

Want to build your own E-commerce marketplace for online vendors? Get in touch with us at Nearly today.

[nearly-store-blog]

Introducing Nearly: A one-of-a-kind hyperlocal ecommerce platform

In recent times, the ecommerce market has seen a resurgence of hyperlocal business. Where big brands are now focusing on reaching their audience through localization, home-grown stores are stepping up their online game to establish their presence. The rising demand for on-demand products and services and the glocalization of brands reaffirms that hyperlocal businesses are here to stay and we are here to ‘help businesses sell locally and grow globally’.

Nearly is a one-of-its-kind ecommerce platform built specifically for hyperlocal businesses. Our innovative suite offers everything your business needs to launch, manage and grow your ecommerce brand. With Nearly, you can:

1. Build a platform for your hyperlocal dream – whether it is launching your on-demand food, groceries, pharmacy, home services brand or creating a hyperlocal marketplace for multiple offerings.

2. Create location-specific stores to target your audience effectively.

3. Sell anything, from anywhere with our web and mobile online storefront.

4. Sell better with business intelligence that offers insights into your sales, products, merchants and more.

5. Find the right shoppers, reach a wider audience and increase purchases using effective marketing channels.

What’s more, Nearly provides access to all the tools you need to manage your ecommerce operations with last-mile delivery management software integrations. With multiple integration opportunities, Nearly helps you to do more and grow faster.

Whether you are looking to expand your existing store online or launch a multi-merchant marketplace, Nearly is the right ecommerce platform for your business. Ready to go hyperlocal? Ask for a free trial today.