A study by Forbes informs us that by the end of 2026, the ecommerce market is expected to reach $8.1 trillion. The reason for such a big market could be the ease of selling and purchase feature that ecommerce provides.
If you are planning to launch your own single-vendor marketplace then you are at the right place. Here we have listed a complete guide that would include features, costs, and more that you must checkout.
So, let’s have a look at what this article holds for us-
- What Is Single Vendor Marketplace?
- What is The Cost Of Single Vendor App Development?
- Features To List In Single Vendor App
- How To Create A Single Vendor App?
What Is Single Vendor Marketplace?
On a single-vendor marketplace, you will find products that only represent a particular company and the customers usually visits the marketplace to purchase products of that company. For example, there is a company called London Boots that manufactures shoes.
Now on their website and app, you will only find products of London Boots, and not of any other company.
Benefits Of Single Vendor Marketplace
- No issue with the quality of the products
- Easy inventory management
- You can quickly create new strategies and implement them
- Seamless product delivery
- You can perform target marketing
What is The Cost Of Single Vendor App Development?
The cost of single-vendor app development depends on the features you want to list in your app, the UI of the app, and the mobile app development company you are partnering with. However, you can app can range somewhere between $10k to $50k depending on the above-listed factors.
Here is how choosing the right company can affect your budget-
|Development Time||400 Hours||500-800 Hours||800-1500 Hours|
|India (Appic Softwares)($30/Hour)||$12,000+||$15000-$24,000||$24,000-$45,000|
Features To List In Single Vendor App
Here are the top 5 features that you should have in your Single vendor marketplace-
Seamless Sign-in/Login Feature
Make sure that the first interaction of your customers with your store is easy and it does not require much of their information and time. For example, during the sign-in option, you can simply collect the name, and number/email of the customer and make them sign in through an OTP option.
Now you can choose the following options to make the login of your customer easier-
- OTP Login
- Biometric login
- Face recognition login
- Pin/password login
MultiPayment Gateway Option
Some customers like to make a payment through their credit card, some want to checkout through a debit card, thus you should have a multi-payment gateway in your store.
This feature allows your customers to make payments through their preferred modes such as UPI, net banking, credit card, and more.
Hassle-Free Product Return Page
To build the trust of your customers you should have an easy-to-operate product return page. The page should track all the items that are available in the product return window. You should ask fewer but relevant questions when a customer raises a return request.
We have written a blog on how you can protect your store from return fraud, do check it out-
Collect Customer Rating & Reviews
Collecting customer reviews would help you get to know how your product is performing in the market. Customers usually provide some suggestions related to their pain points which you can use to upgrade your product or app interface.
AI Product Testing
If you deal in accessories and apparel then this feature allows your customers to virtually test them with the help of AI. Either they can click a picture or use any image from their gallery and try out the product.
How To Create A Single Vendor App?
Here are three necessary steps to create an engaging single-vendor app-
Conduct Market Research
Conducting market research on your competitors will help you gain knowledge of what their pain points are and how you can use this to your advantage. Here are some ways by which you can collect customer reviews-
- Read customer reviews on their store, social media accounts, and other review platforms like Google, Trustpilot, and more.
- You can use email marketing to conduct surveys from your potential customers.
Partner With An Ecommerce App Development Company
Partnering with an ecommerce app development company will help you save money which later can be used on marketing or other activities. Partnering with them will help you create an engaging app with the best UI and latest features.
As the company is already in the industry, you might get some add-on features from them that you can use to your advantage.
Choose The Right Tack Stack
Choosing the right tech stack helps in delivering the best experience to your customers. For example, if you want 3D rendering in your store then you should choose React, or if you want a highly customized store then you should go with Flutter.
Now, in the end, we hope that through this post you were able to gain knowledge on how to start a single vendor store.
However, if you are looking for an ecommerce app development company, then you should check out Appic Softwares. We have an experienced team of ecommerce developers that can custom-create your store using the latest technologies like AI, Angular, Flutter, React, and more.
Additionally, we are providing a free app designing service that you can check out.
So, what are you waiting for?