Now, that we know that you are interested in creating a marketplace of your own. In fact, you’ve come to the right place. Well, I am sure you know what the Prestashop Marketplace Addon does. However, do you know how can you get the best out of it? The Prestashop Multi Seller Marketplace Module by Knowband is a one-stop solution that comes in handy while creating a platform for yourself and others to sell. In addition, once the sellers complete the registration and the marketplace is fully functional, you are ready to start generating sales and revenues.
This blog will throw light on 7 things that the admin and seller can do with the Prestashop Marketplace Addon to get the best out of it. Let’s just get down to the list right away.
7 things to do with the Prestashop Marketplace Module by Knowband
Convert your store into a marketplace with the Prestashop Marketplace Plugin
The very first thing to do with the Prestashop Multi vendor Marketplace Module by Knowband is to create your own marketplace. I know that it is the most basic of the things, but if you won’t complete this step, there’s no point in this blog entirely. Hence, with the help of the Prestashop Multi-vendor Marketplace Plugin, you should create a functional platform where others can come and sell their products. Further, you gain the profit every time a seller completes an order. Thus, creating your marketplace using the Prestashop Multi-seller Marketplace module is not a foolish decision. In fact, it is an investment for a successful eCommerce business.
Allow sellers to sell on the Prestashop Marketplace
The new version of the Prestashop Marketplace Addon features an extremely easy-to-understand Admin Interface. Though there are other new and exciting features in the latest version, we’ll focus on the aspects that we’re looking at. Further, one of the features is where you can decide whether the seller can or cannot sell on the platform. In fact, if you really want to earn more, you have to keep more sellers on the platform. Furthermore, having all kinds of sellers will increase the number of different kinds of customers on your Prestashop Marketplace. For instance, Amazon has all kinds of sellers (small, medium, and huge). This way the brand is able to target a wider and more varied audience.
Adjust the commission rate carefully
The Multi-seller Marketplace for Prestashop features different revenue models and one of them is Commission from orders. Further, commissions play an important part in the revenues or the success of any platform. In fact, with the help of the Knowband marketplace module, you can adjust the settings from the back-end. You have the option to charge a fixed commission from all the sellers or choose to have a different commission rate for different sellers. Further, the admin (you) should be very careful of how much commission you charge from the individual sellers. Hence, adjust the rates carefully.
The commission, which includes charging a payment on each deal, is the most often understood commercial income strategy for modern markets. When a consumer pays the vendor, the platform facilitates the payment and charges either a percentage or a flat fee. The nicest part about the commission revenue model is that sellers don’t have to pay anything until their first order is complete. This appeals to the creators. Simultaneously, because you earn money on every transaction, the commission model is consistently the most profitable business model for the marketplace.
Make use of the email templates of the Prestashop Marketplace Addon
The Prestashop Marketplace Module by Knowband features about 30 in-built email templates to ensure obstruction-free communication. The emails available in the Prestashop Marketplace Plugin help out the admin, the sellers, and the customers with the important information regarding anything and everything. Starting from the seller registration notifications to the admin, the emails available in the Prestashop Multi vendor Marketplace Module are many. For instance, order received, order status change, payout requests, and a lot more things. Hence, the emails come in handy for one and all at the marketplace.
CSV/XML Import/Export
This is another feature that was introduced in the latest version of the Prestashop Multi-vendor Marketplace Plugin. In fact, it was certainly long-awaited by the sellers. With the CSV/XML Import/Export feature, the sellers can effortlessly upload the products in combination and bulk. In addition, they can import/export the product details in the respective format right from their dashboard.
Creation of several membership plans
The feature of membership plans came into being as a part of the Prestashop Multi-seller Marketplace module a while back. However, it has been a blessing for marketers. In fact, with the subscription plans included in the Prestashop Marketplace Addon, the feature helps to generate more revenues. The admin can create as many subscription plans as he wants to. In fact, the sellers can choose from the different plans in order to sell on the platform for a specific duration. It’s been mentioned a thousand times, and it’s important: operating an investing marketplace may provide substantial revenue. Sellers pay a monthly (or annual) fee in exchange for the ability to add an unlimited number of items, which ensures that your earnings will continue to grow as you add additional subscriptions.
Tracking and keeping an eye on everything
The Prestashop Multi-seller Marketplace module by Knowband allows the admin to oversee, track everything that happens on the platform. For instance, what orders the sellers receive, the commission received from such orders, and so much more. You can say that the job of the admin finishes after completing the establishment of the platform. However, the admin’s work continues forever. He not only looks after the activities of the sellers he keeps an eye on the orders and other things happening on the platform.
In the End
So, that’s what the 7 things about the Prestashop Marketplace Addon that you should do and be careful about. Knowband is a popular company with eCommerce solutions for its clients. In fact, the Knowband marketplace is available not only for Prestashop but for other platforms as well. You can simply head to Knowband to check them out or drop in a request at support@knowband.com with all queries.
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