How To Build A Niche White Label Marketplace in India

A niche white label marketplace is where innovation meets opportunity.

With interesting things happening in the ecommerce ecosystem, with a tailored and branded marketplace you can secure a brand presence and thrive   

So, are you planning to create a bespoke marketplace tailored to your needs? 

Splendid idea indeed! 

But don’t know how and where to start on this exhilarating journey?

Well, to stay ahead of the curve, you need a foolproof execution plan that helps you build an enterprise marketplace in India. 

However, before we explore the “how”, let us dig deeper into the “why”.  

Why should you build a Niche White Label Marketplace in India

With a niche white label marketplace, you can create a unique brand identity and grow your business faster. The branded marketplace can help you leverage trending buying patterns more effectively and strategically. 

Fueled by increasing internet penetration and customers' demand for unique products/services in India, building a niche marketplace and catering to the specific needs of the customers offers a lucrative business opportunity. The diverse cultural landscape of India offers a plethora of niche segments that enterprise brands can explore. 

All you need to do is identify the untapped niches and tailor your offerings with the help of a robust enterprise marketplace platform. You can foster loyalty and drive business growth by harnessing the power of a branded marketplace in India. 

Here is some data that illustrates the buying trends on white label marketplace in India:

• 427 million is the predicted number of online shoppers in India by 2027
• $350 billion is the estimated Indian ecommerce market size by 2030
• 31% of consumers prioritize experience while shopping online
• $150 billion will be spent by online shoppers in India by 2025 
• 21% annual growth in mobile shopping projected over the next four years
• 53% of visitors leave a mobile site if it takes more than three seconds to load

Source: Statista, EY, Business World, Economic Times

With buying habits shifting drastically, brands need to build an enterprise marketplace that helps them offer undistracted attention to the customers. Brands can expand their market reach, drive innovation, and stay competitive in the ecommerce world by creating a niche marketplace for their business. 

How to Build your Niche White Label Marketplace in India

To create a niche marketplace for your enterprise brand, you need an enterprise marketplace platform that not only sets your business apart but also helps build a future-proof marketplace for long-term success. Here is a step-by-step process to build your niche white label online marketplace using a turnkey ecommerce platform. 

Choose a Tech Provider that Future-Proofs your Brand

With the ecommerce world changing at a fast pace, you need to stay ahead of the curve and quickly adapt to the changing market dynamics. Wonder how to stay agile and customer-centric? Choosing the right tech provider with next-gen ecommerce technology not only helps brands build a secure enterprise marketplace but also helps in future-proofing their business. Creating a marketplace tailored to the needs of the customers helps you carve a niche for your enterprise brand. However, creating a secure marketplace is also imperative to build seller-buyer trust and protect sensitive customer transaction data.

StoreHippo is a fully hosted and managed ecommerce solution that offers advanced enterprise-grade features. You can future-proof your business and build cutting-edge ecommerce enterprise solutions with StoreHippo’s next-gen MEAN stack. Built on MACH architecture, the StoreHippo enterprise marketplace platform enables enterprise brands to experiment, innovate, and scale without compromising on the site’s performance. You can also upgrade to the latest trends with StoreHippo’s inherent agility. StoreHippo white label marketplace software is built on a PCI-DSS-compliant platform and comes with built-in security features.  . StoreHippo’s security features like user roles, audit logs, etc. help identify, control, and revert damages. 

Look for Seamless Vendor Onboarding and Ease of Use

Facilitating ease of onboarding vendors requires advanced vendor management solutions. As you build an enterprise marketplace using white label solutions, you need comprehensive solutions that make it easy to onboard and manage thousands of vendors from different locations. Sellers not only look for a seamless onboarding process but also need solutions to manage orders, track shipments, ensure timely deliveries, maintain safety standards, keep a check on vendors’ licenses, etc. Building a niche white label solution requires a comprehensive platform that helps manage all vendor activities seamlessly.

StoreHippo ecommerce solution comes with a feature-rich vendor management solution that offers a seamless onboarding process. The quick and easy vendor registration process from the StoreHippo enterprise marketplace platform helps even novice vendors with no prior knowledge to easily sell on the platform. The separate vendor dashboard created by StoreHippo helps vendors to easily add, delete, edit, or manage their products, orders, shipments, etc. The comprehensive admin dashboard helps the admin overview vendor details from a central dashboard. It helps the admin overview the very fine details like vendor-specific sales, revenue, best-selling products, vendor performance, etc. in just a few clicks. 

Create Conversion-Oriented Design

Building a white label marketplace is incomplete without an intuitive and user-friendly interface. You need to create shopping experiences that are tailored for conversions and engagement so that your customers are hooked to your niche white label marketplace. You can make it easy for your customers to shop on your enterprise marketplace by optimizing the load time, rebranding your marketplace with various design elements based on diverse Indian cultures, adding detailed product videos and images, prominently placing CTA buttons, adding buyer reviews and ratings, etc. 

StoreHippo enterprise ecommerce solutions make it easy for buyers to explore, discover, and buy from your marketplace. StoreHippo comes with a rich design theme library to help you create unique conversion-oriented designs. You can choose from StoreHippo enterprise marketplace platform’s 100+ device-optimized themes library to create unique designs for your marketplace. StoreHippo comes with an easy-to-use drag-and-drop tool to help even novice users create professional-looking designs without the need for coding. You can use the advanced search options to help your customers with easy product identification. You can tweak the frontend and the backend of your marketplace to create custom solutions for your customers using StoreHippo’s API-based architecture. 

Add Multilingual Option for Diverse Indian Buyers 

Well, 75% of the customers prefer to buy from sites that offer content in their native language. While building your niche white label marketplace, make sure to engage with your customers in their native language. Since you have customers from different-language speaking groups from all over India, you certainly wouldn’t want to restrict the growth of your marketplace by limiting yourself to a single language. And hence, you need multilingual solutions to customize your marketplace in different languages easily.  

StoreHippo supports 100+ languages including right-to-left languages like Urdu. You can customize the language on your white label marketplace to engage and interact with your customers in their native languages with the StoreHippo enterprise marketplace platform. You can use the easy automatic translation tool to translate your website in just a few steps. StoreHippo also offers you an option to choose between automatic and manual modes of translation or selectively override automatic translations. You can also optimize user experience by ensuring that the page load time of your site does not increase even when you scale to millions of users or increase the number of languages.   

Build Marketplace Apps 

An important part of building a white label marketplace is creating mobile apps to leverage mcommerce. Yes, customers love to shop on their mobile devices which offers them the ease and comfort of shopping from anywhere anytime. As you build an enterprise marketplace in India, make mobile shopping your primary sales channel with a well-crafted mcommerce strategy. With mobile commerce, you can not only tap a wider audience base but also engage better thus boosting your conversions and profits.   

StoreHippo ecommerce solutions are built on a mobile-first approach that comes with a built-in mobile apps builder. StoreHippo helps enterprise brands create Android and iOS mobile apps right from their admin dashboard at zero additional costs and without having to worry about coding. StoreHippo enterprise marketplace platform helps you create PWA stores that look, feel, and work like mobile apps even on entry-level devices, helping you reach the far off corners of India. StoreHippo also offers multiple mobile solutions for various users like admins, vendors, and delivery boys to help them handle their business on the go. With StoreHippo, you can create a seamless user experience on mobile apps.     

Market your Niche Marketplace 

Well, to reach a wider audience, you need a solid marketing strategy. And building a brand image for your white label marketplace requires a host of marketing tools. As you market your niche white label marketplace, you can hack growth and set your business on an upward growth trajectory. You can interact with your customers in real time, and offer quick deliveries, personalized discounts, etc to create a seamless user experience for your customers. You also need the right set of analytical tools to analyze rich customer data and accordingly execute marketing approaches for the Indian market.  

StoreHippo white label ecommerce solutions offer rich marketing tools to help you market your brand to the right audience. The enterprise ecommerce platform StoreHippo has easy-to-use built-in SEO tools to help you create unique URLs, meta tags, meta descriptions, etc right from your admin dashboard and rank higher on SERPs. With the powerful built-in discount engine, you can offer multi-level personalized discounts and coupons for an enhanced marketing strategy. You can also recover abandoned carts by sending personalized messages to your customers in real time.                         

Streamline Payments and Shipping

With the recent advancements in the digital world, preparing your marketplace for a seamless payment process becomes a must. Building a niche white label marketplace requires you to offer quick payments and a frictionless payment process. Off late, the payment methods have shifted to smarter channels like mobile payments, store credits, digital wallets, etc. You need to offer multiple payment options to your customers that help eliminate payment downtime and convert better. Once the payments are sorted, make sure to create a seamless and fast shipping process for your orders. Customers today do not like huge waiting periods and expect their brands to offer easy tracking and streamlined supply chain management. 

StoreHippo enterprise marketplace platform helps streamline your payments and shipping seamlessly. StoreHippo comes with 60+ domestic and international payment gateways that make it easy and simple for your customers to make payments. They can choose from their choice of payment methods like COD, netbanking, digital wallets, store credits, etc. StoreHippo also offers 30+ pre-integrated logistics solutions to pick and choose from. You can create a smooth supply chain reaching far corners of India with 30+ pre-integrated logistics solutions from StoreHippo. You can also integrate your custom hyperlocal shipping provider or manage your fleet of local delivery agents in different locations using the inbuilt delivery boy management solutions. As you integrate with multiple shipping solutions, you can also optimize shipping costs and ensure quick deliveries on your niche white label marketplace. 

Experiment with Various Business Models 

Well, rigid business models do not serve the purpose today. Enterprise brands need to accelerate their growth and keep up with the changing market trends. You therefore need an ecommerce solution that is equipped with advanced features to support various business models. A well-rounded ecommerce platform that can accommodate the business growth and pivot to different business models can help enterprise brands disrupt the Indian ecommerce market. 

StoreHippo ecommerce marketplace helps build a range of enterprise solutions in record time. As you build a niche white label marketplace with StoreHippo, you can switch from one business model to another seamlessly. StoreHippo’s plug-and-play solutions and headless architecture make it easy for you to create custom solutions as compared to other software providers that offer apps, plug-ins, or extension-based solutions. You can build horizontal, vertical, B2B, B2C, D2C, B2B2C, hybrid, or custom marketplaces with its advanced ecommerce solutions. 

Analyze Customer Insights for Innovation

To excel in the Indian ecommerce market, you also need rich customer insights apart from the right marketing tools. As buyers tend to look for real-time interactions and expect continuous offers and quick deliveries from their niche white label marketplaces, you need access to customer insights that help you plan innovative marketing strategies. To do so, you need a rich set of analytical tools that provide you with customer insights from all across your sales channels. 

StoreHippo ecommerce solutions are built on decoupled headless API, that helps you create personalized landing pages, and custom forms using the built-in form builder. It helps you capture rich customer data and thus craft innovative marketing strategies. With StoreHippo enterprise ecommerce solutions, you can also seamlessly integrate with several data tools like Google Analytics, Zoho, etc. that provide rich customer data. With the StoreHippo enterprise marketplace platform, you can also integrate with the analytical tools of your own choice.     

Offer Multi-Channel Customer Support 

Customers love attention. And when you offer multi-channel customer support to your customers, you win them for life. Yes, a quick customer support channel is the roadway to your customers' hearts in the Indian ecommerce landscape. All you need to do is listen to their grievances and resolve them quickly. As you build an enterprise marketplace and establish a customer-oriented business, you can boost your conversions manifold. 

StoreHippo helps you offer the best-in-class customer experience with easy customizations and built-in tools. You can create the best customer experience by seamlessly integrating with multiple channels to connect with your customers at multiple touchpoints. You can also integrate with the best live chat software and chatbots on your white label marketplace. StoreHippo helps you add various chat apps to your website and be available for your customers around the clock. You can also seamlessly integrate your niche white label marketplace with the best CRM software to cater to various customer queries about their order or delivery status. 

Conclusion

To build a niche white label marketplace in India, you need an advanced ecommerce solution that comes with various features and tools. Since you are planning to create a customer-oriented marketplace, it is wise to also create a marketplace that can match pace with the evolving buying habits of customers in India.

StoreHippo enterprise marketplace platform in India is a robust solution provider that comes with 300+ enterprise-grade features and helps enterprise brands go to the market in record time. You can create futuristic marketplaces for high-volume businesses like yours with StoreHippo solutions that are equipped to handle the complexities of various business models. The inherent flexibility and adaptability help create custom solutions and offer a personalized user experience to your Indian customers.

Are you all set to build an enterprise marketplace with StoreHippo? Explore the wide range of enterprise-grade features from StoreHippo by starting your 14-day free trial now.