To answer the question, what is Multi-vendor Marketplace, let’s start with a daily life example. As a customer, if you want to purchase fruits and clothes at a time, you will prefer a single shop which can offer both of the requirements over separate shops.
The Multi-vendor Marketplace is an online mall, where multiple sellers sell their varieties of goods on a single platform. We can consider the example of shopping malls for better understanding.
What do you mean by Multi-vendor Marketplace?
The name multi-vendor stands for the definition of multi-vendor Marketplace. A Multi-vendor marketplace is a place where all the third-party sellers can list their products and sell them to the customers.
In the eCommerce section, eBay and Etsy are the best examples of multivendor marketplaces. So, like these Marketplaces, you can also offer third-party sellers to list their inventories on your eCommerce shops and can get a fine commission.
Benefits of Multi-vendor Marketplace:
The eCommerce merchants have their shops based on the OpenCart, PrestaShop, WooCommerce, and Magento 2 can also convert their eCommerce store into a Multi-vendor Marketplace. Knowband Multi-vendor Marketplace plugins are now available for every near and dear merchant. Let’s have a quick overview of the 3 most amazing benefits of converting your eCommerce shop into a Multi-vendor Marketplace.
Fine amount as commission:
So, as we know about the Multi-vendor Marketplaces then how can you get benefit from allowing third-party sellers to list products. Let us explain. The Knowband Multi-vendor Marketplace plugins offer the eCommerce Merchants to set up the custom commission amount based on the percentages. For example, if a third-party seller registers his shop on your eCommerce store, you can set up the fixed percentage amount he needs to pay on every order. Thus, on every particular order, you can earn a fine amount as commission.
Proper Control of seller’s profile:
Knowband Multi-vendor Marketplace plugins offer the eCommerce merchants to have proper control over the seller’s profile. Furthermore, the store owners can even change the commission amount and the ratings on the sellers’ profiles. The Knowband Multi-vendor Marketplace plugins offer store owners to approve and remove functionality also. The merchant can easily choose which seller to approve and which seller to remove based on their ratings.
Less management cost required:
The multi-vendor Marketplace plugin offers the eCommerce Merchants peace of mind by offering third-party sellers to manage their accounts on their own. The sellers who register on your store get amazing options like the desired price set up and to add the images for the products.
Thus, the multi-vendor Marketplace plugin makes the work minimal for the eCommerce store owners.
How to turn your eCommerce shop into a Multi-vendor Marketplace?
To offer the eCommerce merchants to turn their shops into a Multi-vendor Marketplace Knowband is offering a Multi-vendor Marketplace plugin for the merchants having their shops based on PrestaShop. OpenCart and Magento 2. The plugins do not require any coding or technical knowledge to make your shop a Multi-vendor Marketplace.
Furthermore, the Knowband tech professionals having experience of 11+ years in the eCommerce plugin development took care of every aspect to make out the best UI for the Merchants. The Module offers every required feature at the fingertips of the Merchants.
In the end:
Knowband Multi-vendor Marketplace Plugins are the modern solution to overcome the neighborhood competition by offering your customers a variety of products. Furthermore, the Marketplace Plugins come with a free initial 3 months support period to make the installation and plugin configuration easy for the eCommerce Merchants.