How to Convert Magento 2 Store into Multi-Seller Marketplace?
.\As eCommerce grows, it encourages more and more vendors to register their business online and expand their customer base. There are two ways of selling online. The first one is to sell from your eCommerce shops. Next, is to sell from multi-vendor marketplaces like Amazon, eBay, Etsy, Alibaba, and so on.Starting with point 1, there are a variety of platforms that offer online retailers the opportunity to set up their eCommerce shops online and present their products to customers. Magento 2 is one of the top-ranked platforms that offers retailers the ability to have their personalized eCommerce websites. In this article, we are going to talk about the Magento 2 Multi-Seller Marketplace extension that offers eCommerce merchants using Magento 2 as their web platform the opportunity to convert their shops into marketplaces like eBay and Etsy.
Knowband Magento 2 Multi-Seller Marketplace Module:
The Knowband Magento 2 Multi-Vendor Marketplace addon offers the Magento 2 online retailers the ability to offer product listings to the third-party sellers on the Magento 2 shops.
Likewise, in mammoth marketplaces, in exchange for allowing the sellers to sell on the Magento 2 shops, the shop owners can set up a default commission amount for the third-party sellers.
Why is the Magento 2 Multi-Vendor Marketplace Module a Must-Have Plugin?
In this modern business competition, just selling is not enough. If as an eCommerce merchant you are looking for your business’s success, you should always be trying something different with your customers to engage them. It is always necessary to add as many income sources as you find for your online eCommerce business. Furthermore, the Knowband Magento 2 Marketplace Extension allows online retailers to convert their eCommerce store into a multi-seller marketplace, which adds an income channel to the selling module of Magento 2 shop owners.
Moreover, if we talk about why multi-seller marketplace online shops are required, let’s see an example customer. For example, if a customer wants to purchase groceries along with fashion wear, he will prefer a single platform where he can easily find both of the required essentials rather than two different shops.
For the same reason, nowadays customers’ mindsets are turning towards purchasing from multi-seller marketplaces in comparison to single-vendor ones.
Advantages for Magento 2 Multi-Seller Marketplace Admins:
Subscription Module with a Default Commission Rate:
The very first and most amazing benefit of the Magento 2 multi-vendor marketplace module is that the store owners can set up a default commission per sale for the sellers. Whenever the third-party sellers get an order, the commission amount will automatically be credited to the merchant’s account.
Along with the commission, the other earning module of the Knowband Magento 2 Multi-Vendor Marketplace module is subscription-based. From the Magento 2 storefront, vendors can set up the rates for subscription plan categories like Gold, Silver, and Platinum according to the settled conditions from the admin back-end. For example, the online store admin can choose the product limit according to the seller’s plan by using the Knowband Magento 2 multi-seller marketplace plugin.
Seller Profile: Management Control:
The administration has complete control over the key operational components of the Magento 2 eCommerce shop, including orders and payments of third-party sellers. After all, the Knowband Magento 2 Marketplace Extension gives the Magento 2 store admins the proper and overall control, while the sellers will sell the products from your store and can manage their part. With the aid of the Magento 2 Multi-Vendor Marketplace plugin, the OpenCart store administrator can at any time update, delete, or add any seller’s profile with just a few clicks.
However, the Knowband Magento 2 multi-vendor Marketplace module offers the sellers the ability to have a personalized admin panel to manage their orders and products, but the plugin offers the Magento 2 admins the ability to take the final call on all of the major components like ratings and seller approval or disapproval.
One Invoice for Orders:
The Magento 2 Marketplace module’s invoice management features are very helpful. The admins can share the default invoice every time the customers make orders from either of the sellers.
The Magento multi-vendor marketplace plugin streamlines the invoice management process because receiving so many invoices can be confusing for them. For orders placed in one sitting, the customer will only receive one invoice. This is one of the key features of the Knowband Magento 2 Marketplace module. Thus, it adds value to the business of Magento 2 store owners.
Sellers can create Coupons for their Products:
On the Magento 2 Multi vendor Marketplace, vendors can create coupons for discounts on their goods. The seller will be able to persuade customers to purchase more by offering them coupons so they can get discounts on their favorite products. On the seller’s page for a different product line, the seller is free to add banners, the shop logo, and customized HTML content. The seller incorporates banners, logos, and shop information to increase brand exposure. Along with all these beneficial features, the sellers can offer coupons that will apply only to their products.
In the end,
The Knowband Magento 2 Multi-Seller marketplace module is a no-code solution for converting single vendor shops into multi-vendor marketplace stores. Moreover, Magento 2 marketplace module comes with free 3 months support period. Furthermore, in case you are having suggestions or queries about the multi-seller module, please find us at support@knowband.com.
Recommended Read:
The PrestaShop Multi-Vendor Marketplace Gold Plan by Knowband – Know more
