Build an Online Furniture Marketplace – Key Features & Business Model
The furniture industry thriving well with the demand for any type of style and furniture. More than cost-effectiveness attributes like quality and design are the key factors in furniture production.
With large furniture firms such as Ikea, Etsy, Ashley Furniture, La-Z-Boy, and Habitat already selling their furniture successfully in eCommerce stores, consumers are gradually turning to the purchase of furniture products online.
However, not every furniture business has the means to sell its products online. For this reason, most of them are dependent on eCommerce online marketplaces. In an online furniture marketplace various manufacturers and sellers can register and sell their products. As a market owner, you don't even have to maintain an inventory of products.
Business Model And Revenue Model of a Furniture Marketplace
The business model simplifies business operations for vendors and marketplace owners. While vendors sign up on the marketplace platform and download lists to sell, the marketplace owner manages the entire online management and product displays for vendors.
Why Magento Is The Best E-Commerce Platform For Online Furniture Business
We know you'll be amazed at the statistics on Magento eCommerce. There are a number of reasons that make the furniture eCommerce platform. Users who benefit from these distinctive features will always be able to choose Magento eCommerce website development.
Features Of Online Furniture Marketplace
The following features satisfy what we call behavior scripts, in this context, there are many ways that visitors' minds are expected to visiting an e-commerce site. These features will help to improve the overall customer experience and make your brand highly reliable.
Homepage Features
- Navigation bar
- Top selling products
- Search bar
- Sign up/login button
- Shopping cart
- Banner image
Navigation Bar
Navigation bars are the upper stripes that visible on a website. The important thing is they allow visitors to open quickly up the market section. It includes the menu button and major links such as products/categories, gallery, and about us. Also, can use drop-down menus.
Top Selling Products
When visitors to the furniture marketplace willing to know the vendor, who creates the furniture items. Also want to know the latest furniture trends. The top sell products will convey the right information.
Customer Support
The customer support will more the work more comfortable for users to make a purchase on the platform. It includes: Chat support integration, FAQs, and an order tracking system.
Search and Filter Options
The search bar on a furniture marketplace to be easy and simple to find and consistent on every webpage. To simplify the search, you can supply different search filters like Furniture type
wood type, style, brand, dimension, price, and discount.
Sign Up/Login Button
If you want individual user profiles for each customer in your store, then you should consider providing your visitors with a signup and login option with the cart. User profiles are helpful for visitors can create and save items in their wishlist and they are not required to repeatedly enter payment and delivery details to order furniture.
User Profiles
A customer's user profile should give them access to the following features:
- Wishlists
- Pending orders
- Completed orders
- Address book
- Option to change password
- Option to change profile image
- Payment info
- Registered contact number and email address
Mobile App
As mobile devices become the primary source of browsing navigation and online shopping, it has become important for an eCommerce business to optimize their points of contact for mobile devices. A Magento 2 mobile app is a simple way of optimizing the mobile shopping experience.
Register as a Vendor
The vendor should offer correct instructions to help them in entering the marketplace for selling products.
- Vendor name
- Contact details
- Product categories offered
- Payment details
- Business license for verification
- Vendor Profile
The vendor profile features to create categories and upload and edit product lists. In addition, the vendor should be provided with access to the following:
- Completed orders
- Pending orders
- Discount offers
- Sales reports
- Payment information
Bulk Quantity Discounts
Hotels and businesses may require bulk orders of furniture. To gain profit from the opportunity, the furniture marketplace can offer other businesses bulk order discounts.
Checkout Page Optimization
Increase conversion rate and reduce cart abandonment by streamlining one-step checkout processes for customers. Designing the Checkout Page Optimization for better conversions, make sure you get into customers’ needs and make a seamless checkout page process. At minimum efforts and time, the user must place an order without any hassle.
Comment Section
The comment section on product pages is essential for most eCommerce stores. Clients consider the comment section to be a trusted source of information. They are more likely to believe the reviews and ratings uploaded in the comments section rather than the words of the vendors themselves. Thus, adding a comment section helps to develop social evidence for products from an eCommerce site.
Wrapping Up
While these features will help an online furniture marketplace owner deliver a smooth customer experience, they are flexible in nature and not mandatory. The marketplace owner reserves the right to customize his marketplace at his discretion. There is no need for any clarification that Magento would be the right eCommerce website development for an online furniture store to build a scalable, customizable, and efficient online store that can reach your target audience with less effort.