Marketplace allows multiple vendors to sell their goods or services on a single platform. Sellers in return need to pay commission to the store admin. This way, the Marketplace platform benefits both the sellers and the store owner. In addition to that, the marketplace allows customers to look for a variety of items or brands on a single platform. Thus saving both customer efforts and time. Nowadays, Multi-Vendor Marketplace is a game-changer in the eCommerce world.
For vendors, the multi-seller marketplace is the best platform to sell their products as the store admin is responsible for all the website maintenance and development activities. Store owners without the need to invest in tons of items can earn a huge amount of profit from seller commissions, seller orders, and membership plans.
In this write-up, we will explain how an eCommerce store owner can upgrade their business into a Multi-Vendor Marketplace in 3 simple steps. All this is possible because of the Knowband’s Multi-Seller Marketplace extensions. Online store owners without any coding knowledge can convert their store into Multi-Seller Marketplace effortlessly.
How does it Work?
The sellers need to register using the sign-in form available at the front end of the store and wait for the store admin approval. Once the store owner accepts the request, the seller can start adding and selling products on the store. Sellers need not get involved in complex coding or the website development for launching the website
Marketplace built using the Multi-Vendor Marketplace module will work exactly like the well-established marketplace i.e. Amazon, eBay, Etsy where sellers register themselves to provide services or products to buyers. Similarly, a separate seller dashboard will be provided to vendors where they can update their profiles, list inventories, manage shipping services, track orders, and monitor the transactions.
Store owners in return can operate and manage all the seller details like orders, listings, reviews, shipping, and transactions from the backend of their store.
Multi-Vendor Marketplace extensions offered by Knowband are:
Prestashop Multi-seller Marketplace plugin
Magento 2 Multi-Vendor Marketplace extension
All of these Marketplace extensions are highly compatible with Marketplace mobile app. Thus bringing the benefits of Marketplace at customers’ fingertips.
Steps To Launch Multi-Seller Marketplace:
Step 1: Purchase the Marketplace extension from Knowband.com.
Step 2: Download and Unzip the folder.
Step 3: Install the Marketplace module available at the backend of your store.
Major Features of Multi-Vendor Marketplace Module:
1. Simple Seller Registration:
From the front end of the store, sellers can send their registration requests to the store admin. The seller can start listing products once the request gets approved by the Marketplace owner.
2. Effortless seller Monitoring:
Store owners can monitor vendors from the admin panel of the Multi-Vendor Marketplace. The store owner can approve /reject the seller request from the backend dashboard.
3. Commission Management
A store owner can charge a commission on sellers for listing their products or brands at the Multi-Seller Marketplace. Store admin can ask for individual sellers commission too.
4. User-Friendly Dashboard:
Both seller and admin can manage their store at the Marketplace from separate interactive dashboards. Sellers can list their products, operate their shipping methods, manage inventories & orders, and change their profile from the dashboard.
5. Add Multiple Categories:
Sellers can add products in allowed categories at the Marketplace. For an additional category, vendors can send a category request to the store owner. The store admin can approve or reject the request from the backend.
6. Product type Compatibility:
Multi-Vendor marketplace built by the plug-in supports all types of products like simple and bundled along with their basic details at the Marketplace.
7. Seller Order and Review Supervision:
Seller commission, transactions, orders and seller review are monitored by store owner from the admin panel.
8. Membership Plan:
A membership plan decides the duration for which a seller can sell on the marketplace. Providing a subscription-based model for your store can turn out a good revenue source.
Various integrators that can connect your store with a well-established Marketplace are available at the Knowband store. Marketplace connector modules to integrate your store with the Marketplace are available for a marketplace like Etsy, eBay, etc. All these integrators are available for different platforms like PrestaShop, OpenCart and Magneto2.
eCommerce trends are changing very fast so if you are looking for ways to boost your business then shifting from traditional e-store to Marketplace is the right solution. In addition to the above features, many more such features are offered by Knowband’s Marketplace plug-ins.
Use our extensions to give your business the right path to accelerate. Having a Marketplace that too with a mobile app is a must now as a Mobile app is one of the best solutions to enhance your reach and growth.
Feel free to connect with us at [email protected] for any query or support.
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