System Nepal a leading Software Company in Nepal for Website Development, Ecommerce,Mobile Application Development, Digital Marketing, SEO.

The importance of e-commerce can be listed as below: 

– More convenient to sellers as well as buyers

– Provides more marketing opportunities to the sellers

– Helps the business go global rather than being limited to the local customers

– Direct feedback from customers increases scopes of improvement

– Reduces extra cost and effort

– 24/7 open to customers 

– Provides better shopping experience to customers

Types of E-commerce

Did you know that e-commerce can be divided into 2 sections based on the number of vendors?

Multi-Vendor E-commerce

Multi-vendor e-commerce can be compared to a shopping mall. You must have realized that a shopping mall consists of different vendors who sell different products produced by different brands, including different brand’s clothing items, food items, beauty products, personal care, kitchenware, and so on. 

In the same way, multi-vendor e-commerce consists of different vendors showcasing and selling different products or services from multiple brands. So, customers get multiple choices of brands, products, and services in multi-vendor E-commerce. It involves three entities: website administrator, vendor, and customer.

Single-Vendor E-commerce

Moving on to single-vendor e-commerce, it is a marketplace where a single seller sells its products or services to its customers.

Unlike multi-vendor e-commerce, single-vendor e-commerce doesn’t provide a huge range of products, services, or brands. Only two parties are involved in the transactions of single-vendor e-commerce, i.e., buyer and seller.