How to Turn Your Opencart Store into a Multi-Vendor Marketplace?

As market competition grows, selling alone will not suffice to propel online businesses to the top. Various eCommerce vendors try different approaches to add an income source to their sales channel. The marketplace enables international sellers to list and sell their products on a single platform. The Multi-Seller Marketplace offers a diverse range of products that keep customers interested in the store. To create a seller store on the Marketplace, the store administrator must complete a simple registration form at the store. and obtain admin approval on it Sellers can begin listing and selling at the Multi-Vendor Marketplace once the store admin accepts the registration form. Thus Small-scale sellers can sell a diverse range of products to customers using the marketplace model. Knowband, an eCommerce development company, provides the Multi-Vendor Marketplace Extension, which allows you to easily convert your online store into an OpenCart Multi-Seller Marketplace.

Knowband’s OpenCart Multi-Vendor Marketplace turns your eCommerce shop into a multi-vendor marketplace store where any third-party seller can register their products and start selling from your shop. For the most successful examples using the same strategy, we can consider the examples of eBay, Etsy, Amazon, etc. Sellers can serve a diverse audience without having to worry about website maintenance and development.

Sellers can serve a diverse audience without having to worry about website maintenance and development. The reason behind the success of multi-vendor marketplaces is that these marketplaces offer a variety of products on a single eCommerce platform. For example, if you are a customer looking to purchase products that belong to more than one category, you will always prefer a multi-vendor marketplace like shopping malls over single vendor shops.

The Working Module of the Knowband Opencart Multi-Vendor Marketplace Extension:

The OpenCart Multi-vendor Marketplace Extension allows OpenCart Vendors to list their products on their OpenCart store and display them to their customers. Consider a shopping mall as an example to better understand the working module of the Multi-vendor Marketplace module.

You can see a vast variety of sellers selling different kinds of products like beverages, clothes, shoes, and so on, but at last, the owner of the shopping mall will be the mall admin. Likewise, using the Knowband OpenCart Multi-vendor Marketplace module, the store admins can set up various selling guidelines for the sellers to sell on their OpenCart shop and can even define a default commission rate on every order they create.

The Knowband OpenCart Multi-seller Marketplace module provides the third-party sellers with a separate dashboard to manage their orders and products. Furthermore, online retailers using the OpenCart platform for selling online can easily get the following benefits by turning their shops into multi-seller marketplaces.

Easy Passive Income by Commission Per Sale.

The Knowband OpenCart multi-vendor Marketplace module offers eCommerce merchants the opportunity to add additional income sources to their online business. Moreover, the store owners can set a default commission value on the third-party sellers. Every time a seller sells something from their shop, the commission value will be automatically credited to the OpenCart shop owner’s account.

Similarly, the admin can add variation to the commission module by allowing the seller categories to choose their commission percentage.

Proper Control of the Sellers’ Orders and Payments:

The admins have all the control over the major essentials of the business, like payment and orders. Whereas the sellers will sell the goods from your store and can manage their part, after all, the Knowband OpenCart Marketplace Extension provides the proper and master control to the OpenCart store admins. The OpenCart store admin can at any time update, delete, or add any seller’s profile within clicks with the help of the OpenCart Multi-Vendor Marketplace plugin.

Different Shipping and Payment Methods for the Sellers:

Likewise, on eBay and Etsy, the OpenCart store admins can also offer different shipping and payment options to third-party sellers. The Knowband OpenCart Multi-Vendor Marketplace modules offer the merchants assistance with a PayPal payment option for the sellers selling from their shops. Furthermore, the sellers can choose the best shipping methods at their leisure and deliver the products to the customers at their end.

In the End

To distinguish oneself from the competition and propel one’s online business to new heights, extra effort and hard work are required. Moreover, various additional income sources assist the online OpenCart business and help the merchants grow their eCommerce businesses. Likewise, The Knowband OpenCart multi-vendor Marketplace extension offers merchants the opportunity to provide an open-source eCommerce platform to the sellers for registering products and getting sales from the customers. Furthermore, Knowband OpenCart multi-vendor Marketplace does not require any coding or technical knowledge to convert your eCommerce OpenCart shop to the multi-vendor Marketplace shop.

Along with the module, the Knowband tech team offers free technical team assistance for three months with the Knowband OpenCart multi-vendor marketplace module. Having questions about how to turn your OpenCart shop into a multi-vendor marketplace, please feel free to find us at support@knowband.com.

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