a multi vendor marketplace is a site containing offerings from multiple sellers (vendors, suppliers). All suppliers pay a wise commission for selling in the marketplace. They have their own seller accounts where they manage their inventory themselves.
In the current business world, trading platforms bring together suppliers dealing with similar products, i.e., suppliers under the same Webcontractor. However, the Webcontractor are of medium and small size because of the range of the limited products. Perfect examples of e-commerce marketplaces include Fiverr, which is a freelancing site, and Airbnb, which offers global accommodations. But then, before you set up an online marketplace, you must have the answers to the following questions:
- What will be sold?
- who will sell?
- how the products will be sold?
- who are the buyers?.