Consumers have moved to digital outlets for items ranging from necessities to packaged merchandise from restaurants, supermarkets, and shopping malls.
A change in customer behaviour in favour of digital has taken place, impacting tastes and purchasing decisions. The globe-wide lockdown laws and buyer reluctance to go outside and browse for vital products have tipped the globe towards e-commerce.
Myntra’s application model ideal for a beginner company.
To have an ecommerce application such as Myntra, you must be well aware of the business models present in the industry. Choosing the most appropriate applicatoin model that meets your business’s requirements is the first step towards launching a successful marketplace.
The popular application model of myntra can be explained through 4 main stakeholders:
The administrator is the sole trader who has full control of most business models’ market and is responsible for validating account formation requests by different customers.
Four of the key duties of the administration department are to monitor company practices and handle transfers. The network owner will also handle the material to be released on the food distribution website/app using the admin panel. Using the dashboard, the admin will keep track of orders and their status, purchases, profits, and client feedback.
Specialists from Myntra still collaborate with the vendor to take their product to live as soon as possible. So, the vendor can quickly upgrade the products and begin to accept orders from the wide customer base of Myntra. This simplifies the procurement of goods in which the retailer has to keep their products available. Myntra will collect the items and distribute them to consumers as quickly as possible. Regular settlements and funding for working capital cause the reputation of the vendor to expand quickly.
Clients must have the option of establishing accounts on the network or placing orders upon the website or app as guest users. The order placed by the client is obtained directly from the website. Using any of the various payment options provided by the site, clients can choose to pay. The whole income stream must be under the admin’s supervision as to when the transfers can be credited to the merchant’s accounts.
By building their accounts on the website or smartphone app, distribution agents are registered on the portal. The admin regulates the execution of the order. As per their availability, the distribution agents approve or deny the order. If the delivery agent does not approve the order, the delivery solution may include the admin’s option to send an order to the relevant delivery personnel.
- The seller uploading the product
- Administrator`s responsibility for the Approval of listing
- Customers see the listing and click on the buy button to order the item.
- Approves the order after checking the details filled by the customer and verifying it.
- Once the order is approved, the Delivery agent send the ready to ship request o the merchant
- Merchant or seller fulfills the ready to ship request and print label
- Order is delivered and there is a return option available to the customer panel.
We, Techvanto, a fast-growing software company for e-commerce applications, understand the industry’s evolving market trends and shapes business concepts into reasonable solutions accordingly. When a major shift is formed in customers’ buying habits, we master the importance of supplying each business enterprise with a good mobile solution. We have intelligent solutions to your complicated market problems, whether it is a start-up idea or an e-commerce app for your brick-and-mortar shop.