The advent of technology contributed to the growth & development of the world of digitalization. Consequently, technology has nurtured the progression of the eCommerce industry. Recurrently, the eCommerce marketplace evolves with the passage of time. eCommerce continues to provide the community of buyers & sellers state-of-the-art marketing solutions. Seems like, the magento commerce brings about new rays of hope & opportunities for aspiring vendors & sellers.
According to a survey by Assocham-resurgent India, it is anticipated that online sales will cross the 100 million mark along with the e-commerce space jumping to 65% by end of 2018
For the digital marketeers, the magento is simply a web extension. Above all, the sole purpose of such web extensions are to bridge the gap between vendors & consumers. Furthermore, they help in the cultivation of the digital marketplace. Both the store owners & sellers require a business space to display their innovations & products to a larger audience. Apparently, such a business space help the stakeholders acquire a substantial digital exposure.
The evolution of magento commerce
In simple words, the magento commerce is an amalgamation of a bunch of sellers & vendors. The magento extensions provide the buyers a whole new range of products & services in a single enclosed digital space. Serving as an extension of the seller’s original webpage, the magento commerce solutions provides marketing opportunities to small & aspiring store owners. Ultimately, this will help the store owner in the cultivation & growth of their original brand. Interestingly, there are countless great benefits of such an eCommerce marketplace for both the parties. The buyers get to enjoy a one-stop solution for all their personal & professional needs, while the sellers rejoice upon increased effective marketing opportunities. The mutual unification of various distinctive sellers broadens the horizon of marketing platform. Hence, this helps small businesses embark on a newer journey of business & marketing success.
The ultimate beneficiaries
Building a robust multi-vendor eCommerce marketplace is the ultimate goal of the magento ideation. Therefore, this simplifies the integration of the modernized digital marketing strategies. The magento commerce provide an endless array of opportunities for the vendors & sellers with remarkable management and integration solutions. All the more, the magento solutions help you address the ever-evolving needs of a growing business. Importantly, each of the parties involved, enjoy the new levels of business functionality & market flexibility in a unified business space. Presently, the magento commerce had transitioned into a unique marketing concept mutually benefitting all stakeholders. All the more, it reduces the chances of internal collision and marketing failures.
The Benefits for Store owners
The store owner serve as the foundation of such an eCommerce marketplace. Ultimately, the store owners gets to enjoy the highest level of benefits. Every single distinctive successful sale of a seller help the store owners attain a fair share of exposure. Subsequently, contributing to the development of sellers’ unique brand identity. Integrate the magento extensions with a reviewable system of feedback & rating. In turn, this helps in building the all-important trust between buyers & store owners. First of all, the store owner only serves as a middleman and yet achieves the highest level of business exposure & publicity. The magento solutions help minimize the investment cost and maximizes the profit ratio for the owner of such a digital store. As a result, the maximized profit ratios help the store owner continually work on the development & nurture the magento commerce. Eventually, this provides the business an opportunity to create a unique brand of their own.
The Benefits for Vendors
The magento marketplace helps the individual sellers & small-scale vendors in the completion of their professional business startup goals. Interestingly, without having to invest the substantial time & money on designing a distinctive web interface, the vendors get to enjoy all the benefits of a successful eCommerce store. Being a part of such a community allows the business to skip over the phase of acquiring brand exposure and reach directly to sales. As a result, this concept guarantees instant business career success on the deliverance of right quality of services & products. Notably, prior to the development of such an eCommerce marketplace, the aspiring sellers & vendors used to get lost in the seas of programming and continually kept on deviating away from their professional business career goals & success.
The Benefits for Buyers
Last but definitely not the least, the buyers get to enjoy a one-stop digital solution for all their personal & professional eCommerce needs. Enjoying the luxury to select from a large number of competitive sellers, the consumers rejoice the greatest degree of market flexibility. Curiously, the competition among the vendors encourages them to provide the highest caliber of products & services thus benefiting the buyers. Certainly, the feedback & rating system of such eCommerce marketplace reduces the chances of the buyer getting caught up in deceptive sale tactics. Hence, the magento integration with the modernized & secure payment options eliminate the risk of unreliable purchases.
