What is Multi-Vendor E-Commerce Script?



Today, our life has become impossible without the use of the internet. Yeah!! The internet is playing an important role in everyone’s life. Starting from paying bills to ordering food online, our life activities depend on the internet. Likewise,  the multi-vendor e-commerce industry is the one that has started blooming. Many Entrepreneurs are interested in and started investing in this industry. 

The next era is going to be all about making an organized change in the unorganized sectors. In the past, when the population was countable it was easy for the public and the business people to buy things and it was not difficult for shopping. But due to the increase in the population, only technology can assist the process of shopping. This was the time, were the concept of online shopping emerged.

What is Multi-Vendor E-Commerce?

It is a type of e-commerce site where product or service information is provided by multiple third parties, whereas transactions are processed by the marketplace operator. Here multi vendors are gathered in a single platform. So that the user can able to find various types of products and a user can buy the best product at the best price by comparing the quality and price with the other vendors on the platform.

International Statistics

According to the statista of 2012, the Asia-Pacific has increased its international sales to 30% and giving them a revenue of over $433 billion. This revenue was $69 billion greater than the U.S revenue of $364.66 billion. And also in 2013, the Asia-Pacific increased its revenue by 30%.

                                Country                      % Retail Sales Online
            
                             The United States                 9.8%
                             Canada                                 2.8%
                             The United Kingdom             20%

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