For any online marketplace, it is essential to have a smooth and streamlined process for vendor onboarding. This is the process of bringing in new vendors to sell their products or services on the platform. Vendor onboarding typically involves a series of steps that enable vendors to create a profile, upload their products, agree to terms and conditions, and start selling.
It's important to ensure that the vendor onboarding process is as simple as possible, as this will encourage a greater number of vendors to join the marketplace. By making the process easy to follow and providing the necessary resources and support, online marketplaces can attract high-quality vendors and improve their overall sales performance.
Here's an example of a vendor onboarding process once due diligence has been done:
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