A study from Statista says, although a majority of grocery shopping still takes place in traditional grocery stores and supermarkets, but the pattern may change in the coming years. The U.S. online grocery market is estimated to generate sales worth of about $14.2 billion in 2017, with sales forecast to reach $29.7 billion by 2021. Online grocers are also increasing at a 3x rate year-over-year to cater the growing customer base.
The stats look promising for new players in the market; however, certain challenges arise due to the perishable nature of grocery products, which makes running an online grocery marketplace more challenging than running an eCommerce website for electronics, home décor, apparels and other such products.
Want to build an online grocery marketplace website like Walmart? Before getting started, let’s take a look at some insights on grocery business model and how it works!
Business Model of an online Grocery Store
The online grocery market aims to cover all the grocery requirements of consumers with its simple and profitable online grocery business model. And, the model needs to:
However, Subscriptions, Repeat orders, discount coupons, friend referral, etc. are some of the other possible alternatives which can help you make money with a marketplace for the grocery store.
So, How to build an online grocery store?
Housing all the marketplace features on your online grocery store is a challenge, which undoubtedly will take a lot of time, effort, and investment. The best approach to build a full-fledged grocery store is choosing a readymade technology solution that offers all these features by default and allows you to add unique and customized eCommerce features quickly.
At Krish TechnoLabs, we have developed a similar product called Rocketbazaar that help entrepreneurs to instantly launch a feature-rich Marketplace for Online Grocery Store with the freedom to customize it and add required unique functionalities. View the demo of this flexible marketplace solution and see how it can help your business to grow and succeed.
Grocery consumption is the basic requirement of humans, and more people have started relying on online shopping. Having said, grocery e-tailing is doubtlessly a capital-in-depth business and industries plow millions into creating such a business from scratch!
Rocketbazaar is a readymade Magento-based multi-vendor Grocery eCommerce platform which is built using robust technology to allow your customers shop groceries at anytime, anywhere from any device!
Build and launch your online grocery shopping website with Rocketbazaar. Let us know your ideas and get in touch to discuss more about Rocketbazaar with experts, click here to view all the features of Rocketbazaar.
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