How does the Marketplace module help eCommerce Merchants grow more?
As the eCommerce industry has grown with 5 gears in the last few years the competition has also grown along with it. The new merchants are shifting their offline business to online eCommerce shops rapidly. The eCommerce merchants are shifting to new trends to provide something different to their customers. Because of the same reason, various modules are taking place of old eCommerce ways.
Nowadays, buyers prefer a single platform for purchasing the products they are hovering for. Because finding every needful product in a single place always saves time and effort with faster results. But it is a critical task for eCommerce Merchants to add every kind of category to their eCommerce stores. So, how to overcome this scenario with a proper solution. Multi-Vendor Marketplace Module by Knowband is the perfect solution for the same. The Multi-Seller Marketplace module is the modern creative module that allows the eCommerce shop owners to add the desired categories to their online store.
What is a Multi-Vendor Marketplace?
The Multi-Seller Marketplace place is a hybrid version of an eCommerce shop where the third-party seller can list their products and sell the same. In other words, it’s like a shopping mall that contains small shops owned by third-party sellers for every different category.
In detail, the Multi-Vendor Marketplace store is an online store where the actual owner of the store will have the proper control over every third-party seller, their reviews, listed products, and everything. The store admin will be earning not only by selling his own goods but also from the seller commissions.
Working Module of Multi-Vendor Marketplace:
The Multi-Vendor Marketplace Module works extremely smoothly with the third-party sellers and the store owners. The coordination and the transaction flow smoothly without any confusion with the Multi-Vendor Marketplace Module. In brief, starting from the very first point of working Module of Multi-Vendor Marketplace Module.
- At the very first step, the third-party sellers register on your eCommerce shop by using paid/free registration Module.
- The Multi-Vendor store admins can approve/reject the listing request of the sellers.
- The products offered by the third-party sellers become available for the customers after their request will be approved by the eCommerce shop owners.
- The eCommerce store admin can also set a commission fee for every product the sellers make sold from their shop.
- The payment will be received by the Multi-Vendor Marketplace shop owner and the delivery can be either managed by the sellers or the shop admins.
- The eCommerce shop owner can look at all the positive/negative reviews provided by the customers and coordinate with the third-party sellers regarding the same.
Benefits to the Multi-Seller eCommerce shop admins:
As we have discussed the working procedure of the Multi-Vendor Marketplace shops, let’s have a quick look over the reasons why eCommerce Merchants should turn their eCommerce shop into a Multi-Vendor Marketplace.
Multi-Vendor Marketplaces offer a variety of products:
The major advantage of turning a simple eCommerce shop into a Multi-Vendor Marketplace eCommerce shop is that the eCommerce Merchants can offer a variety of products to their precious customers. As there will be multiple different sellers’ shops available on a single platform, the chances of customer engagement will boost for sure.
Seamless Process:
The other amazing advantage of the Multi-Vendor Marketplaces is that the Marketplaces offer a seamless and hassle-free process to the store admins. The Third-party sellers are all their shop managers. The Multi-Vendor Marketplaces module offers the seller to manage the delivery, orders, product attributes, and inventory management. The same concept takes away all the headaches of Multi-Vendor Marketplace shop owners.
Fixed Commission and subscription Module:
The eCommerce Merchants can also apply the fixed commission amount on every particular seller. Moreover, the Multi-Seller Marketplace Module offers the eCommerce store admins to allow third-party sellers to register only after paying the subscription charges.
Transparency in whole Procedure:
The most amazing and most attractive fact about the Multi-Vendor Marketplaces is that the whole process is transparent. The coordination between the third-party sellers and the store owners becomes very up-to-date. The sellers can keep the track of their income from the product listing at the same time the eCommerce store admins can also keep track of their income from every individual third-party seller.
Benefits of Multi-Vendor Marketplace to the sellers:
The amazing fact about the Multi-Vendor Marketplace Module is that the module is equally beneficial for the eCommerce store admins as well as the sellers. We have discussed some of the benefits to the store admins, let’s have a quick overview of the benefits of Multi-Vendor Marketplaces to the sellers
Separate Seller Dashboard:
The Multi-Seller Marketplace Module offers the third-party sellers a separate admin dashboard. On the dashboard, the sellers can easily track their product reports, add more products, see their ratings, attributes to products, and much more. The dashboard gives a premium feeling to the sellers that encourage them to engage more with your eCommerce shop.
Various Plans for listings:
The Sellers can choose various plans to register their products. The Multi-Vendor Marketplace module offers 4 different premium segments to the sellers which are Silver, Gold, Platinum, and Diamond. The Sellers can choose their desired plan and enjoy the listing on the eCommerce store.
Coupons and Social Accounts Link:
This is not all for the sellers. The Multi-Vendor Marketplace Module allows the Sellers to add the coupon codes to their shops which will be only applicable to the products from their store. The sellers can anytime add or delete the coupon codes from their seller dashboard. Furthermore, the Knowband Multi-Seller Marketplace also offers the merchants to add their social profiles to the shops and make the customers aware of the same.
How to transform eCommerce shops into Multi-Vendor Marketplaces:
Do you know that you can also transform your eCommerce store into a Multi-Vendor Marketplace store? All you need is your store and our Multi-Seller Marketplace Module to make things real. Knowband offers the Multi-Vendor Marketplace Module for the merchants having their shops based on OpenCart, PrestaShop, and Magento 2.
OpenCart Multi-Vendor Marketplace Plugin:
The Knowband OpenCart Multi-Vendor Marketplace plugin offers the OpenCart eCommerce Merchants to easily convert their eCommerce store into a Multi-Vendor store. The merchants do not require any coding or technical skills for the Knowband Multi-seller plugin implementation. Furthermore, the Knowband OpenCart Multi-seller plugin offers merchants to access every control at their fingertips.
PrestaShop Multi-Vendor Marketplace Module:
Knowband PrestaShop Multi-Vendor Marketplace addon helps the PrestaShop store owners to grow their eCommerce store. It upgrades the business by turning their eCommerce Shop into a Multi-Vendor Marketplace.
Magento 2 Multi-Seller Marketplace plugin:
Magento 2 shop owners can also easily convert their eCommerce shop into a Multi-Vendor shop just by an ingredient, and that is the Knowband Magento 2 Multi-Vendor Marketplace module.
Conclusion:
To benefit from a trend the easiest way is to follow the trend. The eCommerce business owners are following the trend of offering multi-vendor shops. Knowband Multi-Vendor Marketplace module offers the eCommerce store owners to easily turn their shop into a multi-seller store. Furthermore, the Knowband Modules come with a one-time payment and lifetime availability module. The modules have free initial 3-month support. Knowband allows the merchants to enjoy peace of mind.
Book your free demo today and enjoy various additional benefits. Find us at Knowband.com for more information or get in touch with us at support@Knowband.com
