According to statista, the Fashion industry is the largest B2C ecommerce market segment and its global size in 2019 was estimated at $528.1 billion. Amazon, eBay, Asos, Myntra are the leading fashion ecommerce marketplaces where multiple sellers sell clothes, shoes, accessories, & other luxury items.

So the business idea of ​​the online fashion and apparel marketplace is an attractive one and many aspiring entrepreneurs want to start with a similar business idea. To start your own fashion & apparel multi-vendor marketplace, continue reading this post:

Business Model for Online Fashion & Apparel Marketplace:

  • Sellers list on the website to sell their products. Registration can be paid (monthly or yearly subscription) or free.
  • Every seller will have a different storefront that they can customize.
  • Admin creates products in catalog and sellers can add inventory to their stores from the catalog. If a product is not available in the catalog, sellers can add a product in the catalog after admin approval.
  • Buyers while buying products can see the listing of other sellers’ products.
  • The admin takes care of the delivery part, however, sellers can also take care of delivery if admin is not providing the delivery in a certain region.
  • Products returns are managed by Sellers

Revenue Generation Channels in an Online Fashion Marketplace:

  • Monthly or Yearly seller subscription fees
  • Per commission charge on every order
  • Features listing on the top spots
  • Banner ads and other advertisement channels.

To know regarding must-have features & functionalities of online fashion marketplace & how to start, read this in-depth guide: https://www.yo-kart.com/build-fashion-multivendor-marketplace.html