Multi-vendor script enables the participation of different individual vendors in a common platform to sell their products. You can provide that platform for setting up your own multi-vendor E-commerce site and can generate good revenue from there. First, you have to be clear in what all ways you can bring users to your site. Revenue can be generated only by sellers selling their products through your sites and buyers showing interest to buy it through your site. So first you have to concentrate on features that your users would look upon your site. Retaining users in your website mainly depend upon what kinds of features are there on your website to help their purpose. So by having a quality and purposeful features you can hold your users on your site. And upon earning a reliability among users you can generate more revenues from your business.
Fulfill the requirement of users
A satisfied user could generate you more revenue. So fill your website with features to satisfy your users.
Features that will help your user buyers:
• Social login: Provide your users an easy way to login to your site with logging in with their social media account.
• Advanced filter option: Help your users in your website to reach the kind of products exactly they need.
• Follow seller: if a user is interested to buy any particular seller then they can follow the product and updates of that particular seller.
• Invites and credits: Users can invite their friends in social media circle and can earn credits for successful invites on their wallets.
• Group gifts and gift cards: Users can share and pay among them for gifts and can send gift products with a gift card.
• Multiple payment options: Provide your users with multiple payment options like COD, pay through their credit card or receive straight from their bank account.
Features that will help your user sellers:
• Multi-vendor: where any number of sellers can sell on your website.
• Product details: You provide your sellers a space with banners for an image to describe their products in detail.
• Merchant dashboard: Provide every seller on your site with an individual dashboard where they can easily view their products listed to sell, total revenues for them, new orders and much more useful quick information.
• Multi-language: Support your sellers to target different buyers.
• Seller app: Provide every seller on your website with an app to easily manage their sales without always looking upon a website.
With all these features you can attract the sellers and buyers to your website. Which in turn increases the sales on your website and so you can generate more revenue.
Way this script generates revenue for you
This script generates revenue for you in couple of ways
• Seller basis commission: You can earn revenue from fixed or percentage wise commission from sales made through your site. You can fix the commission amount with the seller or based on the price of sale you can deduct the percentage wise commission from the seller.
• Ad banners: Revenue by providing a space for ad. You can help your sellers to boost their sales by providing them a banner space to promote their products for a specific time at particular cost.
Appkodes has a readily available app named Fantacy- multi-vendor script with all above-mentioned benefits and features to turn your just ideas into a real profitable business. Fantacy can be easily customized upon your any additional requirements for business.