Why is it worth it to create a two-sided marketplace platform? This business format is a mutually beneficial decision for all parties – customers, merchants, and the platform owner. Customers get access to a huge variety of products from multiple vendors. They can securely buy assets online and get them delivered at their doorstep. Manufacturers and sellers can achieve a large consumer outreach, raise their brand awareness, and boost sales via a streamlined mechanism of booking, ordering, and payment processing. Marketplace owners generate profit through implementing monetization whether it сan be a subscription-based, commission, or flat payment model.
When it comes to creating a multi-vendor marketplace, you have a variety of opportunities. You can foster the competencies in-house or team up with Upsilon – an experienced marketplace development company that will save your time and take care of cost-effective solution implementation.