How to Build an Online eCommerce Marketplace like Amazon & Ebay?

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Digital Strategies To Build An Online Marketplace Online Marketplace Guide


Questions to ask yourself 1. What kind of marketplace you want to build? 2. What is your budget? 3. What are your own technical capabilities & resources?


“Success usually comes to those who are too busy to be looking for it.” —HENRY DAVID THOREAU


Three ways to build an online marketplace 02

01

Build using existing turnkey platforms

Code it from scratch

03 Hire a Web Development Agency or Freelancer


CODE IT FROM SCRATCH You can develop your online marketplace from scratch using the topmost modern programming languages and frameworks.


Code From Scratch: Benefits ● You can build your marketplace exactly as you wish ● You have access to all source codes and are not dependent on other software ● No need for licensing & subscription fees


Code From Scratch: Drawbacks ● It requires a lot of time & resources

● In order to try out features, you have to spend a considerable amount of resources for developing

● Building software is not the tricky part but making the marketplace work is


READY-MADE PLATFORMS VS. HIRING DEVELOPERS Other than coding a website yourself, there are two other ways to build an online marketplace i.e. launching your eCommerce marketplace through a ready-made platform or hiring a team of developers


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON â—? Implementation: Because a ready-made platform can be launched immediately. There is no lag time taken in the form of wireframing, developing, testing or launching. But in the case of hiring developers, it takes a longer span for implementation.


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON â—? User Friendliness: Readymade multi-vendor platforms are built bearing in mind the rendering of ultimate user experience. Hiring a team of developers is done exclusively for high-end users. It is not always user-friendly for common users.


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON ● Affordability: The ready-made platforms come at a fixed price. Yes, there are extra charges for themes, APIs, & other customizations. Where as, the cost of hiring developers differs from project to project. Costs vary significantly as no single order is the same.


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON ● Scalability: Readymade platforms are largely cloud-based programs. They can be scaled to any extent as easily. Hiring a team of developers usually requires users to buy servers & other hosting equipment. The capacity needs to be increased on a fixed basis & has to be paid.


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON ● Free Trials And Demos: Readymade platforms often come with free trial versions & ready demos. Whereas, in case of hiring a team of developers, you won’t able to check demos.


READY-MADE PLATFORMS & HIRING DEVELOPERS: COMPARISON ● Customizations: Readymade platforms are of two types: 100% customizable and stock platform which cannot be altered. Developers are fitted to the older model. There is no concept of stock templates. The entire script is prepared in conjunction with the needs of the user.


Conclusion This comparison proves that launching an online eCommerce marketplace with a readymade ecommerce platform is the best option as compared to other options.


WHY YO!KART IS THE BEST Readymade E-COMMERCE MULTI-VENDOR MARKETPLACE SOLUTION?


Why Yo!Kart? ● Yo!Kart’s team has thoroughly done market & competitor research to create a platform that suits the needs of SMBs, and large enterprises. ● The performance and security of the system have been tested minutely to avoid any lag post-launch. ● Yo!Kart has state-of-the-art features and functionalities.


Why Yo!Kart? ● Yo!Kart comes with multiple payment gateways, multi lingual, abandoned cart recovery, quickbooks, etc. ● Yo!Kart is completely customizable according to the needs of the business. ● Yo!Kart has been trusted by startups & billion-dollar organizations to launch their eCommerce businesses.


Yo!Kart has been trusted by clients from 50+ countries


Thanks! Website: www.yo-kart.com Phone: +1 469 844 3346

CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik.

Source: www.yo-kart.com/online-marketplace-guide


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