10 Reasons To Build Your Online Marketplace With StoreHippo

If we ask where and how you prefer shopping, we bet you would say shopping online on marketplace websites.

We know, such is the craze of online marketplaces today.

We all are conditioned to search for products on multi vendor marketplaces for our day-to-day lives.

Who doesn’t want to shop from a marketplace where they get multiple choices? 

So how about leveraging common behaviour to align your business for profitability by building an online marketplace? 

Still wondering why? 

Let us look at some online marketplace trends in 2023 to validate the idea:

• $8.7 trillion is the expected multi vendor marketplace sales by 2025
• 62% of total global ecommerce sales are expected to be done via online marketplaces by 2027
• 48% of online shoppers prefer to go directly to marketplace websites
• 37% of buyers make repeat purchases on online marketplaces

Source: Statista, Fortune India

With such amazing figures, building your own marketplace website is just the right choice. The growth of multi vendor marketplace stores makes it a lucrative business proposition. However, to build your one marketplace, you need a comprehensive multi vendor ecommerce solution like StoreHippo.

10 reasons to build your online marketplace with StoreHippo

StoreHippo is the best SaaS based enterprise marketplace website builder that is adept in building marketplaces of all sizes across all industries. The StoreHippo marketplace builder is built on cutting-edge technology that helps create highly scalable stores with its modern essential features. 

Let us look at the top 10 reasons why you should choose StoreHippo to build your online marketplace: 

Comprehensive Multi Vendor Solutions

Onboarding and managing multiple vendors on the ecommerce platform can be a daunting task. However, with StoreHippo enterprise marketplace website builder, you can seamlessly manage your vendors and overview their businesses in just a few clicks. 

StoreHippo comes with an end-to-end multi vendor solution to build and manage a feature-rich multi vendor marketplace for B2B or B2C businesses. It offers a quick and easy vendor registration process while creating a unique vendor account for each seller. The admin can seamlessly manage their vendors, payouts, commission rates, vendor-based taxes, discounts etc. right from their dashboards. With the adaptive payment feature from StoreHippo, you can easily divide a single payment made by a customer into multiple sellers as well as admin. With the plug and play solution from StoreHippo, you do not need additional apps, paid plugins or extensions like the other multi seller platforms which hugely inflate your overall costs.

Ease of Use  

Building, managing and selling on an online marketplace can become tough if your multi vendor software is complex. The learning curve can be sharp for vendors and internal teams if the dashboard is very technical.

StoreHippo makes it easy even for novice sellers to sell on your marketplace. StoreHippo is an easy-to-use marketplace builder and is designed for everyone- novice or experienced vendors, admin, and customers. It offers an easy-to-use admin dashboard to manage the vendors and their products in just a few clicks, separate vendor dashboards for each seller to manage their own business; and a seamless omnichannel buying experience for quick shopping. 

Omnichannel Benefits

You would be surprised to know that 90% of customers look for consistent omnichannel interactions. Yes, people love brands that offer them multi-channel sales support. StoreHippo helps enterprise marketplace websites add multiple customer touchpoints for social platforms, marketplaces or any type of mobile device in just a few clicks. With the best-in-class omnichannel solutions, enterprise brands can connect, engage, and convert their customers with much ease. StoreHippo also offers 300+ API endpoints to create unforgettable omnichannel buying experiences. 

Leverage Mobile Commerce

Online buyers prefer to shop on mobile phones for hassle-free quick shopping. And StoreHippo helps you provide just the same. Built on a mobile-first approach, the online marketplaces powered by StoreHippo are PWA that look, feel and work like mobile apps even on entry level devices with poor internet connectivity. Also, the multi seller ecommerce platform comes with an in-built mobile apps builder that helps build Android and iOS apps without any additional cost or coding requirements. StoreHippo also provides built-in apps for delivery boys, vendors and admin to help them manage the business on the go. 

Personalized Shopping Experience 

With a personalized shopping experience, you can make your customers come back to your marketplace website. Yes, surprising yet quite effective.  

StoreHippo with its in-built marketing tools like a powerful discount engine enable the brand to set up multi-level discounts based on the product, vendors, brands or your customer’s order value, location etc. Also, based on your user’s order history and other demographics, you can offer them personalized product recommendations. With StoreHippo you can also personalize your web, push or mobile notifications about the latest arrivals, discounts, etc based on your customers’ preferences.

Support for Diverse Marketplace Models

When you build an online marketplace, you need to future-proof your business and look for a well-rounded solution provider. A marketplace builder that is equipped with advanced features help the businesses pivot their models easily and tweak them for their unique business needs.

StoreHippo helps you build a range of marketplaces in no time. You can build horizontal, vertical, B2B, B2C, D2C, B2B2C, hybrid or custom marketplaces with its advanced ecommerce solutions. Other marketplace builders offer apps, plug-ins or extension-based solutions that require complex coding to scale up your marketplace. Building innovative custom marketplaces is also easy with StoreHippo’s headless architecture. 

Scalable and Flexible

For a fast-growing business like yours, you need a marketplace builder to help you build a scalable and flexible online marketplace. You need an ecommerce platform that grows with you as you add more products, have more customers, and take more orders.

StoreHippo helps power out-of-box ecommerce solutions across 35+ industry verticals. The scalable and flexible ecommerce platform StoreHippo also gives brands the freedom to experiment, innovate, and scale with the powerful MACH architecture. You can have an extra edge over your competition with the unmatched flexibility, inherent scalability and superfast performance from StoreHippo. 

Integrated Logistics and Payment Solutions

Customers are always on the lookout to get their orders delivered quickly. Is your business on the front foot with logistics and shipping? 

StoreHippo enables enterprise marketplaces to integrate with shipping and logistics partners helping them to automate their delivery processes. You can choose from the best-fitting shipping solutions from 30+ integrated shipping partners on the StoreHippo platform. Also, with 60+ integrated domestic and international payment gateways, you can choose from COD, digital payment, card payments etc to offer a frictionless payment process to your customers. 

Future-Ready Marketplace 

While you build your online marketplace, it becomes imperative to make it future-ready. To build tailored ecommerce solutions and diversify to the unique business requirements, brands need cutting-edge technology solutions.

StoreHippo is a 360-degree enterprise marketplace website builder that offers next-gen solutions to brands. You can diversify to new geolocations in both domestic and international markets with hyperlocal ecommerce and go-global solutions. The multilingual and multi-currency feature enables enterprises to offer a seamless buying experience to their global customers. The multi store ecommerce solutions help brands to create a chain of multiple storefronts for their targeted audience. 

Highly Secure Online Marketplace

A multi vendor marketplace cannot ignore the security features. It is crucial to provide your customers safety and secure their sensitive information like card and transaction details. 

StoreHippo provides robust multi-layer security with an SSL certificate and highly secured payment gateways. You can get a free SSL certificate directly from your StoreHippo admin. You can also ensure payment information and customers’ data safety by building PCI DSS compliant sites built on StoreHippo's secure ecommerce platform. 

Conclusion

To build your own online marketplace, you need advanced and unique solutions and tools. With the help of the best ecommerce software like StoreHippo, you can get on the path to achieving a rising sales graph for your business. StoreHippo helps enterprise brands build solutions that match the pace with the changing buyer behaviour and engage better with the customers. 

StoreHippo is a SaaS-based enterprise marketplace website builder, that helps businesses seamlessly cope with the changing market dynamics. It offers 360-degree solutions to future-proof marketplace websites, irrespective of the business size and genre. 

Are you ready to start your multi-vendor marketplace platform? Explore the enterprise-grade features by starting your 14-day free trial.

FAQ

1. Can StoreHippo enterprise marketplace website builder integrate with analytics tools to help us track our site’s performance?

Yes, StoreHippo enterprise marketplace website builder helps integrate with multiple analytical tools and software of your choice. You can seamlessly track your site’s performance by integrating with tools like Google analytics, or any other tools of your choice. StoreHippo also comes with a built-in reporting engine that offers rich insights into the customers' most bought products, frequent buyers, number of orders etc and helps make data-driven marketing strategies. You can also create custom landing pages and create forms to capture customer data and track your online marketplace performance.

2. How can I secure my online marketplace from fraud and make sure our transactions are secure?

StoreHippo marketplace website builder helps you secure your marketplace from fraud and keep your customer data safe. StoreHippo comes with robust multi-layer security and offers a free SSL certificate and highly secured payment gateways. When you build your marketplace website on the PCI DSS compliant ecommerce platform, you can ensure payment safety and protect sensitive information like passwords, customer details, etc. seamlessly with StoreHippo ecommerce solutions. 

3. What tools does StoreHippo provide to optimise my multi vendor marketplace for Google searches?

StoreHippo’s offers a host of built-in SEO tools to help you rank your multi vendor marketplace high on SERPs like Google.You can create unique URLs for each of your stores, create unique meta tags, meta descriptions, etc with StoreHippo’s comprehensive SEO engine. You can also create personalized content to engage better with your customers using the built-in blog engine from StoreHippo enterprise marketplace website builder. With the built-in powerful discount engine from StoreHippo, you can implement multi-level discounts on your marketplace. You can also recover abandoned carts using the PUSH notifications feature from StoreHippo and can create personalized discounts and coupons to attract, engage, and convert potential buyers.

However, these tools are just a medium to assist you and not a guarantee of high SERP rankings. The final result always depends on the expertise of your marketing team and uniqueness of your products and offerings. 

4. Is it possible to create unique website designs and branding for my marketplace website?

Yes, it is possible to create unique website designs for your online marketplace. StoreHippo comes with 100+ device-optimized themes to help you create unique professional-looking designs for your stores. With an easy drag-and-drop feature, even a novice user can create unique website designs in just a few clicks without the need for any coding. You can also create multiple designs for your mobile apps with StoreHippo. The developer-friendly interface offers heavy-duty programming support that helps you edit the HTML directly to make your existing widgets behave as per your requirements. 

5. Will I need third-party apps or software to run my online marketplace seamlessly?

You might feel the need to integrate with multiple third-party apps or software with some enterprise marketplace website builders. However, when you choose StoreHippo to create your marketplace, you do not need any additional plugins or paid apps and extensions to manage multiple business operations like orders, inventory, deliveries, etc. StoreHippo is a fully hosted and managed enterprise ecommerce solution that comes with plug-and-play solutions to help you build and run your marketplace smoothly. 

However, you can still integrate with the tools and software of your choice using StoreHippo’s headless API structure. You can seamlessly integrate your marketplace website with multiple third-party apps and software like CRM, ERP, analytics, accounting, etc., or with different live chat and chatbots to offer a smooth customer support channel on your marketplace.  

6. Does enterprise marketplace website builders offer customer support solutions?

Yes, a robust enterprise marketplace website builder like StoreHippo comes with multiple customer support solutions. You can offer the best customer support on your online marketplace by integrating multiple customer servicing software of your own choice. However, StoreHippo also helps you seamlessly connect with your customers using its automated tools and features like SMS, push and email notifications, social media integrations, live chat, chatbots, etc.        

7. Are there any hidden fees involved in managing online stores with StoreHippo enterprise marketplace website builder?

No, when you choose StoreHippo online marketplace website builder, you do not need to incur any hidden costs to manage your business and its day-to-day operations. StoreHippo is fully hosted and managed ecommerce platform and helps you manage all your stores, customer data, inventory, etc from a central admin dashboard. With the built-in inventory and order management system, you can manage different product lines through a common database and integrate multiple payment and shipping partners for smooth order processing.                       

8. How can I create a customized multi vendor marketplace with StoreHippo?

With StoreHippo multi vendor marketplace solutions, you can create a customized marketplace quickly. Built on a decoupled headless architecture, StoreHippo comes with various tools and features to help you create a customized online marketplace based on the unique requirements of your brand. You can build multiple sub-stores from your admin dashboard based on locations, audience segments, etc.. 

You can also offer multilingual content to engage with your customers in their native languages. StoreHippo comes with 100+ languages to help you seamlessly translate your website into the language of your choice. You can also customize the shipping solutions, and digital payments, or offer personalized discounts and coupons with the StoreHippo marketplace website builder. 

9. Do my vendors need technical training to sell on websites built usingStoreHippo enterprise marketplace website builder? 

Surprisingly no. StoreHippo enterprise marketplace website builder comes with an easy-to-use vendor dashboard that helps even novice sellers to easily sell on the ecommerce platform. The comprehensive vendor dashboard from StoreHippo offers a separate vendor account for each seller to help them easily manage and perform their day-to-day business activities. Your vendors can easily overview their order summary, sales report, etc in just a few clicks.

However, if your vendors still face difficulty in understanding, StoreHippo online marketplace builder offers a rich help center with detailed answers to all your questions. Our rich help center contains all the information you need about selling with StoreHippo. 

10. Can my vendors choose their shipping methods when I build a marketplace website using StoreHippo readymade multi seller software?

When you choose StoreHippo multi vendor marketplace builder, your vendors can seamlessly choose the shipping solution of their choice. StoreHippo comes pre-integrated with 30+ logistics solutions for you to choose from. You can integrate with more than one shipping solution to optimize shipping costs and streamline a safe, error-free, and quick supply chain. StoreHippo also comes with a built-in-delivery boy solution that helps you onboard, manage, and track your fleet of delivery boys. You can thus create a streamlined delivery solution for your online marketplace.