Multivendor stores are one of the most lucrative ecommerce business models in the current web industry. As consumers get comfortable with online shopping, eCommerce business is becoming more appealing to entrepreneurs. If you have been tinkering with the idea of entering eCommerce market by starting an online store, then, this has to be one of the questions occupying your mind.
Readymade or custom multivendor store – Which is the best way forward?
Most entrepreneurs planning to enter this sector have to decide whether to choose a readymade multivendor eCommerce solution or build the store from scratch. This post is aimed at clarifying the difference between the two so that entrepreneurs can make an informed decision based on their requirements.
Let’s take a look at some of the key aspects to keep in mind when it comes to choosing an eCommerce solution:
Readymade multivendor solution offers quick implementation and gets your storefront up and running in a short span of time. On the other hand, when it comes to custom-built eCommerce solution, you have to start from the scratch and develop front end as well as backend completed. Custom design and development takes time, and hence costs valuable time.
Cost of implementation has always been a major concern for entrepreneurs when it comes to launching a new venture. This is the reason why readymade multivendor solution is favored; it does not require expensive software development from scratch. Building an eCommerce website from the ground up would require many months of development & designing, which would naturally increase the cost exponentially.
#3. Trial before purchase
The best thing about readymade multivendor solutions is that you get a trial before you make a purchase. This means that you get an idea about the platform functionality, before making a purchase. The same is not true if you have to build the whole platform by yourself. Even a wireframe of the website would require time and resources. While the result will sure come out exactly as per your dreams, it will cost money from the very beginning.
Recommended to read: Review of A Multi-Vendor Platform with Awesome Pricing for Startups
#4. Ability to undertake tweaks
There is a misconception that a readymade multivendor store comes with a stock template, which can only be used as it is. The reality is that nowadays, readymade multivendor eCommerce solutions are developed in such a way that makes it easy for entrepreneurs to undertake design changes and even feature upgrades. The same is possible for custom developed store as well if you pick a flexible technology.
#5. User-friendly functionality
Readymade multivendor ecommerce solutions are built keeping in mind concepts of user engagement. This means that the users do not need to have an immense technical knowledge for implementation and management. Most are powered with a CMS, and give website owners the ease of product updates. On the other hand, if you need a multivendor store that you can manage on your own, then, let the development team know in advance.
When it comes to an eCommerce website, scalability is one of the most critical aspects for future growth. Readymade multivendor eCommerce solution score in this area as well. At a nominal cost, you can easily scale up your website or even add additional functionality. Proprietary software scalability however could be a time-consuming and expensive proposition.
Readymade solutions are created keeping in mind all the key features necessary for an advanced eCommerce website. In addition to that, there is a dedicated team that works around the clock to evolve new features, upgrades, and plugins. However, if you opt for a custom-built eCommerce solution, you will have to spend countless hours brainstorming on the essential features.
#8. Functional errors
One of the biggest fears of an eCommerce startup is the emergence of functional errors once the website is live. Those who opt for turnkey multivendor solution do not have to worry about the same as they get free technical support which sometimes can extend up to a year. On the other hand, if any functional error emerges in an eCommerce solution built from the ground up, you would have to hire dedicated developers to fix it.
It is important to note that custom eCommerce solution also has its fair share of advantages like unique functionality, long-term feasibility and distinctive brand identity. Though time consuming, eCommerce stores created from scratch can leave a long lasting memory in the minds of visitors. Therefore, the best bet for any entrepreneur would be to choose a solution that offers the best of both sides.
Yo!Kart is a user-friendly multivendor eCommerce solution that offers many features. It is a turnkey solution, which can be customized as per client’s needs. It offers multi-layer security, robust backend functionality and exquisite user interface. Additionally, you do not have to hire a dedicated team as you get one-year free technical support.
Yo!Kart delivers a SEO friendly eCommerce store that can attain good search engine ranking easily. Such unique advantages make it one of the best customizable turnkey solutions in the market.