Multi-vendor shopping websites
Earn more by doing the same thing!
As the name suggests, a multi-vendor website or store is a platform for third-party vendors to sell in one place. In simple terms, it is a big shop that contains various small shops that are run by individual sellers.
To make it more clear, think of it as a mall (owned by you) that delivers to people’s homes. As the concept is clear, your mall contains many small shops. The responsibility of running each shop lies with the individual shop owner whereas the more significant burden of storing the products, delivering them to people’s homes, and collecting payments lies with you.
Now, imagine this mall in an online e-commerce setup. Your mall becomes a marketplace, the small shops are the seller’s stores, and you are responsible for the order processing, shipping, and payments (if there are any due). This is what a multi-vendor e-commerce website/online marketplace looks like.