The eCommerce industry is growing rapidly and multi-vendor marketplaces are playing a significant role. According to Statista and Digital Commerce 360, online marketplaces account for more than 60% of global eCommerce sales. Taobao, Tmall, Amazon, JD.Com and Shopee are the top five eCommerce marketplaces holding a significant share of the global market share. In addition, the way customers are opting for online shopping, these marketplaces will keep dominating the eCommerce landscape.
Let’s not stick to the highlights and potential only.
Considering opportunities, building a multi-vendor marketplace can serve the purpose of entrepreneurs looking for growth in this evolving industry. However, building a marketplace from scratch is a time-consuming and expensive process that requires coding expertise, resources and much more. One of the few reasons why most entrepreneurs drop their ideas of launching an online marketplace.
But you say thanks to no-code eCommerce marketplace software that can help you transform your marketplace idea into a thriving online platform without the need to develop a marketplace from scratch. Today, a large number of entrepreneurs and business owners are launching their online marketplaces using code software. If you are also one of them, this blog will help you. Here you will learn about the best no-code marketplace builders including the best option to launch your platform.
An online multi-vendor marketplace is a platform that brings buyers and sellers together to make online transactions. It acts as a virtual shopping mall where multiple sellers list their products or services in order to serve a large number of customers. On the other hand, customers also access a wide range of products on a single platform. One of the significant advantages of building an online multi-vendor marketplace is it doesn’t limit its offering to a restricted area, unlike a physical marketplace. It connects buyers and sellers worldwide and allows them to trade online using platforms. For marketplace owners, it offers better control and options to scale and grow the platform. With a multi-vendor marketplace, the owner can generate revenue from multiple revenue streams.
No-code marketplace builder or software is a solution that helps entrepreneurs and businesses launch their fully operational eCommerce platforms faster without the need of building a marketplace from scratch. It comes with all the essential features and functionalities and requires no coding expertise to build, operate and grow your platform. The best no-code marketplace builder also provides flexibility to customize your platform using the drag-and-drop feature in order to offer a unique user experience to its users. One can easily align the marketplace fit to their brand tone and requirements.
The no-code eCommerce software supports pre-built templates and comes with pre-integrated plugins and APIs that help in enhancing the look and feel, making payments, delivering parcels and managing accounts with different roles and responsibilities. In addition, a few no-code marketplace builders also provide access to their source code allowing owners to make changes in the source code if needed with minimum effort.
There are several advantages of launching a marketplace using no-code software. These advantages include a quick-to-launch platform, reduced expenses, easily customizable and scalable, no coding knowledge required and many more. Let’s get more clarity on the advantages of no-code multi-vendor marketplace software:
Several no-code eCommerce software are available in the market that doesn’t mean each one of them is right for your business. Therefore, the selection of the no-code marketplace builder requires several considerations. Otherwise, it can lead to challenges in the future in case of not choosing the right platform. Let’s explore key factors when choosing a no-code software:
Reliable technology evidences the use and adoption of technology. It should be scalable and capable enough to handle high traffic and data. For example, PHP is one of the most versatile tech stacks that is widely used for a variety of web tasks including a simple website to complex applications.
Always confirm whether the platform is fully operational or needs some additional customization in code before you launch your marketplace. It will help you get a clear understanding of the features and functionality of the marketplace including whether technical expertise is required or not.
There are several no-code marketplace builders available in the market with different pricing models. Ask about pricing in detail and decide which pricing model is cost-saving and best suits your business.
Popular Pricing Models
The selection of pricing models depends on your preferences. However, the one-time pricing model is more feasible and cost-saving in the long run. It offers complete product ownership and helps you overcome the annoyance of continuous recurring charges.
A user-friendly marketplace works as a success driver for your idea. It enhances user experience, engagement rate, conversion rate and retention rate and creates better brand perception. Therefore, don’t forget to evaluate whether the platform is intuitive for all user types or not.
Drag-and-drop is an essential feature for no-code eCommerce software. It allows users to customize and align the platform according to their preferences without implementing changes in the back-end.
Different business models or niches require different features and functionality. Therefore, before you select no-code marketplace software, always ask the software provider for marketplace references launched for the niche you are targeting. In case the software provider has not worked for that particular niche. You get a demo of how it will work to serve your users.
Scalability is the initial requirement for any business. A scalable marketplace software helps you grow your platform with your growing business’s needs. In case you are not choosing a scalable platform, it will become tough to grow your business.
A few no-code software are quite complex. Also, they required technical expertise to be operational. However, the significant advantage of launching a marketplace using no code is that a non-technical individual with no coding background can also operate. Therefore, always confirm whether a non-technical individual can operate the marketplace before you launch your platform using no-code software.
Multiple payment gateways and multiple payment options are again an important consideration while launching a multi-vendor marketplace. They offer flexibility to customers while making payments, help businesses target a broader audience by allowing customers to initiate transactions using their preferred payment method, help build trust among users
Custom integrations are required to meet changing marketplace needs. It helps to streamline operations, enhance customer experience, and gain a competitive edge by connecting the marketplace with specific tools or applications in order to meet unique business needs.
Revenue generation is the end goal of any business. No matter whether you operate an online or offline business. Launching a multi-vendor marketplace gives you the opportunity to generate revenue through multiple revenue channels and streams. Therefore, it is crucial to confirm before you launch your marketplace using no-code software if it supports multiple revenue streams.
Technical support is paramount when it comes to launch or operate online marketplaces. It helps deal with unexpected bugs and eros that might cause trouble in case no technical support is available. Therefore, asking for the level of support you get with the no-code software will help you further deal with surprising issues.
No-code eCommerce software is one of the best approaches to launch your multi-vendor marketplace quickly and efficiently. It offers freedom for entrepreneurs and businesses to launch and operate their online platforms without the need for coding knowledge. Here are the top no-code eCommerce software for your multi-vendor marketplace idea:
Yo!Kart is a leading no-code multi-vendor marketplace software. Introduced in 2015, this platform has established prominence in over 70+ countries. This readymade eCommerce solution has powered thousands of entrepreneurs and businesses to launch their online platforms in diverse niches. Especially, Yo!Kart’s out-of-box features and functionalities make it a dedicated solution for multi-vendor marketplaces. It’s also a fully customizable solution that allows an individual to readily tailor the platform to their unique brand identity and business requirements.
In addition, Yo!Kart’s intuitive, improved and responsive UX/UI on different devices ensures easy navigation by making the experience flawless. Likewise, separate dashboards for all its users including Admins, Sellers, Buyers, Affiliates and Advertisers provide ease of operations and control. The platform offers robust tools to easily manage users, listings, orders, shipments, and more.
Alongside, Yo!Kart’s buyer’s mobile apps for Android and iOS also help the marketplace increase conversion rate by offering the convenience of shopping from their mobile devices. Therefore, if you are one of the entrepreneurs looking to launch your multi-vendor online marketplace with end-to-end platform support then Yo!Kart can be one of the best available no-code options.
Key Features:
Additional Advantages of Choosing Yo!Kart
Pricing
One-time Pricing Model (Starting at $499)
G2 Rating
4.6 out of 5
Arcadier is a SaaS-based multi-vendor marketplace software. It comes with a wide range of pre-integrated templates allowing businesses to set up and launch their marketplace effortlessly. Arcadier allows you to launch and manage your marketplace in different industries and types including product, service, and rental marketplaces making it a flexible no-code solution. However, being a fully hosted platform, it doesn’t provide freedom with technical aspects such as hosting, data storage, security and updates as it belongs to the platform.
Key Features
Pricing
Recurring Pricing Model (Starting at $1500/month)
G2 Rating
4.3 out of 5
Mirakl is a cloud-based eCommerce marketplace solution that allows businesses to launch their multiple-vendor marketplace quickly. Being a SaaS-based solution, the platform itself is responsible for hosting, server, updates and maintenance. However, on the other side, the platform limits its flexibility with customization. One can not customize the marketplace fully to align with their unique brand’s tone.
Key Features
Pricing
Custom Pricing model, based on value transacted on the marketplace.
G2 Rating
4.2 out of 5
BigCommerce is a comprehensive eCommerce platform that allows businesses to launch and manage their marketplace. However, fundamentally it is not a multi-vendor marketplace solution but it can be an online store into a multi-vendor marketplace using the BigCommerce MultiVendor Marketplace app. In addition, you can easily operate, manage and grow your marketplace with the basic features of BigCommerce. On the other hand, if you are looking for an extensive feature and functionalities may require coding knowledge.
Key Features
Pricing
Recurring pricing model (Starting at $39/month)
G2 Rating
4.2 out of 5
CS-cart is another popular online multi-vendor marketplace software that allows you to launch a platform without coding expertise. It offers a number of unique features for buyers and sellers on the platform improving overall marketplace experience. These essential features include product listing, inventory management, multiple payment options, catalog management and more.
Key Features
Pricing
Recurring and one-time pricing model (Starting at $3299 with Plus)
G2 Rating
4.8 out of 5
Sharetribe is a SaaS software solution that allows you to build your online marketplace. With Sharetribe’s no-code marketplace builder, you can create your online platform without coding knowledge. It can perfectly align with small-scale businesses. However, in case you want to customize your marketplace with some unique features and functionalities, you need to choose Sharetribe’s developer platform.
Sharetribe’s Key Features
Pricing
Recurring pricing Model (Starting at $39/month)
G2 Rating
4.7 out of 5
Softr is a no-code app builder that allows users to create online marketplaces without coding. However, it is not a dedicated marketplace builder but offers features that enable you to create multi-vendor marketplaces. It helps you build a user-friendly online platform where multiple buyers and sellers can connect and make online transactions. The platform is not suitable for the complex marketplace requirements. In addition, Softr doesn’t have a built-in payment processing feature and it requires integration of other third-party tools.
Key Features
Pricing
The recurring pricing model (starts at $59/month with Basic)
G2 Rating
4.7 out of 5
Bubble is also a no-code web app builder that can help you build a multi-vendor online marketplace. It allows the creation of a fully functional and customizable platform without writing any code. You easily manage user profiles, product listings, inventory, and connect popular payment gateways like PayPal and Stripe with Bubble to make the marketplace operational. To enable advanced features and functionalities, it also allows integration with APIs. In short, Bubble can help you launch your full-fledged multi-vendor marketplace app.
Key Features
Pricing
Recurring Pricing Model (Starts at $32/month with an MVP)
G2 Rating
4.4 out of 5
Webflow is a popular no-code marketplace platform that allows users to create visually appealing and functional marketplaces without coding expertise. The solution is popularly known for its flexible content management system and the drag-and-drop feature. However, building a full-fledged multi-vendor marketplace platform requires third-party integrations as Webflow is not natively designed for it.
Key Features
Pricing
Recurring pricing model (Starts at $29/month)
G2 Rating
4.4 out of 5
Shopify is another well-known eCommerce marketplace platform that can help you launch your multi-vendor marketplace using the Shopify multi-vendor marketplace app. No coding skills are required to launch and operate your marketplace. As Shopify is a cloud-hosted platform, you can simply start using the platform with an internet connection. It also allows you to customize your platform and change the look and feel to fit your brand and customer’s preferences.
Key Features
Pricing
Recurring subscription-based pricing model (Starts at $39/month for online stores)
G2 Rating
4.4 out of 5
Yo!Kart is a no-code multi-vendor marketplace builder that can help you launch your full-fledged eCommerce platform. It allows you to build, launch, operate and grow your platform without writing a single code. With Yo!Kart, you also get complete flexibility to customize your multi-vendor marketplace platform. Let’s launch your platform with Yo!Kart in just four easy steps:
Step 1: Get Your License
Choose your package according to your multi-vendor marketplace requirements and get a license for a lifetime at a one-time payment starting at $499.
Step 2: Set-up & Installation
Once you are done with the licensing process, to accomplish the next step you will be assigned a dedicated project manager who will guide you through installation and setup. In addition, our dedicated professionals will also help with technical support after installation for one year.
Step 3: Add Listings
After installation and setup, now you can onboard sellers on the platform allowing them to add listings.
Step 4: Marketplace Launch
Now, you can launch your multi-vendor marketplace and start generating revenue through multiple revenue streams.
No code or low code marketplace software is on the rise. Businesses are launching their online marketplaces using these readymade solutions in large numbers. No code marketplace software provides opportunities to create an online platform with little or no coding skills. In addition, they offer several features and functionalities including drag-and-drop features and readymade templates that allow a non-technical person to build unique and brand-centric multi-vendor marketplaces effortlessly.
For entrepreneurs or businesses looking for a no-code multi-vendor marketplace solution, Yo!Kart can be one of the best options. It Allows you to launch, operate and grow your multi-vendor marketplace effortlessly without having coding knowledge.
Q 1. How can I build a marketplace without coding knowledge?
Ans. You can build a marketplace without writing a single code with the help of no-code marketplace software. No-code software is a readymade solution that comes with pre-integrated features and functionalities that allow businesses to launch their fully functional marketplaces. In addition, you can also use pre-built templates and drag-and-drop features to create a unique platform without coding knowledge.
Q 2. How long does it take to launch a marketplace using no-code software?
Ans. That’s the right question, launching a marketplace using no-code software is very easy. You can launch your marketplace within a few days or weeks. However, to make the marketplace operational requires several more than just launching such as sellers and buyers. Therefore, onboarding and sellers and attracting buyers may take time. Although, it all depends on your marketing strategies and planning.
Q 3. Which pricing model is best to launch a marketplace, recurring or one-time?
Ans. The pricing model and its importance lie in various factors. However, before we proceed further, let’s understand them first.
The recurring or subscription-based pricing model means you have to pay monthly or yearly fees. On the other hand, in a one-time pricing model, you only pay once in a lifetime.
A recurring or subscription-based pricing model is good if you are launching your platform for a few months or years. However, if you have planned it for a long time, that is very obvious, then the one-time pricing model is cost-saving. Again, in the subscription-based pricing model, you are often challenged with limitations but on the other side, you get complete product ownership with no limitations in a one-time pricing model. There are several more considerations that can give an explanation as to why the one-time pricing model is more advantageous in the long run.
All innovation starts with an idea to solve real-world problems. At FATbit Technologies we are passionate about driving digital transformation to prepare businesses for a digital-first tomorrow. Let’s discuss your BIG idea NOW.
Disclaimer: The Blog has been created with consideration and care. We strive to ensure that all information is as complete, correct, comprehensible, accurate and up-to-date as possible. Despite our continuing efforts, we cannot guarantee that the information made available is complete, correct, accurate or up-to-date. We advise - the readers should not take decisions completely based on the information and views shared by FATbit on its blog, readers should do their own research to further assure themselves before taking any commercial decision. The 3rd party trademarks, logos and screenshots of the websites and mobile applications are property of their respective owners, we are not directly associated with most of them.
Vishal Tiwari is a writer with a passion for crafting engaging and informative content on diverse topics. With a keen eye for detail and a knack for storytelling, he brings a unique perspective and expertise to adapt his writing style to suit various audiences and industries.
