5 Best Global Enterprise Ecommerce Multi Vendor Marketplaces
Do you shop online? The answer to this would be yes for most of the people. Do you order clothes, mobile phones, medicines, food, salon services, entertainment, etc. online? Chances are you would have opted for most of these at one point or the other.
The thing is — ecommerce is one of the biggest industries in today’s time, no matter which corner of the world you are in.
Listing the top enterprise ecommerce marketplaces in the world
Do we really need to introduce this one? Amazon is one of the biggest enterprise ecommerce marketplaces in Asia, Europe, Middle East, the US, and many more parts of the world. It offers products ranging from a needle to electronic motor, from gardening supplies to books and stationery, from apparel to kitchen items, and everything else. The best part about Amazon is that it has one of the biggest communities of vendors that sell on the marketplace.
2. PayPay Mall Japan
PayPay Mall is the largest enterprise ecommerce marketplace in Japan and the second largest in the world. Did you know that PayPay Mall was launched in 2019 and has reached such heights of success in less than a year? This marketplace also sells a wide range of products including apparel, electronics, kitchen supplies, furniture, sports products, etc.
3. eBay Global
When we think of purchasing good quality second hand products, our minds automatically go to eBay. And fairly so. However, now, 25 years since its launch, it is more than just a destination for second hand goods. Today, it is equally well known for selling new products in categories such as clothing, electronics, fashion, entertainment, home and kitchen, collectibles, antiques, etc.
4. Mercado Libre
Well, everyone may not be familiar with the name Mercado Libre, but it is a top enterprise ecommerce marketplace in South America and delivers products in 18 Latin American countries. Founded in 1999 as a marketplace selling electronics products, clothing, home items, garden supplies, etc. Mercado Libre was reported to have a user base of 321 million in 2019.
5. AliExpress Global
This is another name well known for selling a wide range of products at cheap prices. Established in 2010, AliExpress recorded an active user base of 211 million people in 2019. People from over 190 countries order products fashion, home, electronics, stationery, and a range of products from AliExpress.
Do you know what these ecommerce marketplaces have in common? Well, all of these marketplaces are equipped with advanced technology to offer a host of features to their vendors and admin that make work easy. And when running a business is easy, all the stakeholders are automatically driven to deliver their best. If you are planning to build a multi vendor enterprise ecommerce website, follow the lead of the best global enterprise ecommerce multi vendor marketplaces, and pave your way for success.
The Top 8 features of the best ecommerce marketplaces in the world below
1. Multi Vendor
When you’re planning to build a multi vendor marketplace, this one is obvious. But what we want to emphasize on is the ease of conducting business. The enterprise ecommerce platform that you choose should offer features that make running a multi vendor ecommerce business easy-breezy. Features like separate seller pages, approval flow manager, commission and tax calculator, vendor comparison, etc. make the operations easier for the vendors as well as the admin.
2. Multi Store
This is one feature we would recommend you do not compromise with. When building a marketplace website that offers multiple categories of products, make sure that the enterprise ecommerce solutions you choose allows you to create multiple sub-stores within the marketplace. This would help you target different demographics by displaying them different store fronts, based on their interests and preferences.
3. Go Global
A lot of times, when starting a new business, people do not do future planning and opt for ecommerce solutions for their current audience only. Later, they face undue trouble when they decide to expand their market internationally. Therefore, it would be prudent to keep an open mind in the starting itself and opt for enterprise ecommerce solutions that allow you to go global in the future if you plan to expand your business to international markets.
4. Flexibility & Performance
No one likes a slow ecommerce website. Today, there are hundreds of ecommerce marketplaces for people to shop from, and if one of them is slow or technically annoying, customers are likely to shop from another one. Therefore, being flexible and high-performance is not only an advantage, but an important requirement for an ecommerce marketplace in today’s time. The best way to ensure this would be to opt for an enterprise ecommerce platform that is highly flexible and scalable. This way, when the traffic on your marketplace increases, whether during the sale season or with business growth, you are prepared for it.
Every brand has a USP that makes it different from others. Whether it is the brand color or special offers for the customers, each business wants their unique feature to reflect on their ecommerce marketplace website. This is what makes the customization feature so important! When you opt for pre-designed templates or themes to build your enterprise ecommerce website, you do not have to stick to each feature of the template; rather, you can customize it as per your preferences and business needs.
6. Mobile Friendly
If it is not on mobile, it is of little use. Today, a majority of the users make ecommerce purchases on their mobile phones, which makes it essential for ecommerce marketplaces to be easily accessible on mobile phones. Therefore, when building a multi vendor ecommerce marketplace, it is important that you opt for mobile-friendly enterprise ecommerce solutions. Today, many ecommerce platforms use PWAs (progressive web apps) to build marketplaces that look, feel, and function like mobile apps even on a web browser. Additionally, some ecommerce platforms let you build mobile apps from the dashboard itself.
Just like calculators help us make lengthy calculations in a few seconds, integrations help marketplace websites perform many different functions easily and quickly. Some important integrations for an ecommerce website are related to logistics, communication, and payments. These integrations help enterprise ecommerce marketplaces to carry out the essential functions automatically and efficiently.
8. Free Maintenance & Upgrades
Developing an ecommerce marketplace is one thing, but enterprises do not wish to be bothered with the technical requirements such as maintenance and upgrading of the software for time to time. This is what makes it beneficial for enterprises to opt for turnkey ecommerce solutions. How? Well, the right ecommerce platform would provide free and automatic maintenance and upgrades of the enterprise ecommerce platform, so that the business owner can focus on the core functions instead.
These are some features of the best enterprise ecommerce marketplaces across the globe, whether they are B2B or B2C. If you are planning to take your enterprise business online and wish to follow the global leaders in their approach, make sure you opt for powerful enterprise ecommerce solutions that can help you build an advanced, attractive, and efficient multi-vendor marketplace website.
Don’t wait any further — Go for a free trial of your chosen ecommerce platform and get started with your new business today!