A marketplace is an online platform that brings sellers and buyers from parts of global and put them together under one roof. Unlike an eCommerce website, a marketplace platform is completely managed by one who owns the site. Here, vendors use online marketplaces to expand their business reach by listing their niche products and services.
Some popular eCommerce marketplaces are Amazon, Craiglist, Alibaba, and eBay.
These marketplaces can be build from scratch or can use the extension to develop an extensive online marketplace platform. Building from scratch can cost you more than you think or more than it should cost, hence many eCommerce store owners have started turning their heads towards the ample tool like multi-vendor marketplace extension to create a powerful and scalable multi-seller platform.
There are many multi-vendor marketplace extensions available in the market with their own pros and cons. It’s up to you to choose the best among them that fits all your business needs seamlessly.
But which eCommerce platform is the right fit for your online marketplace business?
If you would ask, I personally recommend going with the Magento marketplace extension as it comes with full-fledged features, themes, and other add-ons to skyrocket your business.
A well-designed Magento marketplace will offer admin the fullest control over the platform and vendors’ complete independence with broad advertising to reach out to sell products and services online.
Magento marketplace always keeps up the brand reputation promises both in and out of the marketplace platform. This is why Magento’s multi-vendor marketplace extension is the best pick for multi-seller businesses.
So what’s next?
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In order to narrow down your choice, I’d list the top 3 marketplace extension that has had powered 1000+ online stores to date.
List of Magento marketplace extensions to go with the secure future
Webnexs - Magento multi-vendor extension
Webnexs’s Magento Marketplace Extension turns Magento store of any version into an extensive multi-vendor marketplace that works and looks similar to Amazon. As the marketplace owner, you can earn huge revenue by collecting a commission for each order placed on the platform, irrespective of the sellers. This extension is highly customizable and comes with a full control powerhouse called Cpanel to manage their own products, sales, orders, shipments, and reviews.
Customers can have a seamless and secure transaction with a safe shopping experience. It is a great Marketplace extension that acts as the most comprehensive solution of its kind.
Features
- Fast Marketplace Interface & Experience
- Automatic GST details fetch
- Well-organized and attractive marketplace page
- Powerful SEO management
- Approve sellers & products automatically/ manually
- Flexible attribute mapping
Landofcoders - Magento 2 marketplace plugin
The multi-vendor extension is designed by Landofcoder is for businesses to have better collaboration with other businesses - it can go and have huge products, orders and make a significant amount of money. This extension is highly flexible and made to improve the interaction between the seller and buyer to meet both their business goals. Here marketplace admin can approve vendors, products, set commission rates, view quotes, and conversations. You might not find all the features required for your business, but it is a good choice marketplace extension to start with.
Features
- Manage sellers
- Approval configuration
- Multiple Payment Gateways Integrated
- Upload Multiple Products In Bulk
- Manage the commission from the sellers
- Instant Vendor Messaging System
- Customized e-mail templates for notification
- Product management
Vnecoms - Magento marketplace module
Magento marketplace by Vnecom will take your marketplace to the next level by letting multiple vendors register with the platform that transforms your Magento 2 store into a multi-vendor marketplace like eBay and Etsy. It offers vendors a huge functionality that eases the add, manages and sell their products with an ultimate shopping experience to the end users by offering them more choices to choose from numerous products of different categories.
Features
- Flexible Magento 2 Themes Compatibility
- Advanced Report Supported
- Flexible to Setup Commission for Sellers
- Display feedbacks - reviews from customers
- Support Seller Credit Accounts
- Show Seller Info on Product Details
- Manage order, transactions smartly
Wrapping up
As witnessed above, there are various extensions available to build and convert your Magento website into a multi-vendor marketplace, and I’ve showcased only the most prominent ones from my point of view. Arguably, there is no magic in business, so the whole thing is about rational to invest in choosing and customizing the marketplace platform with anyone of the above marketplace extension to effectively control and manage what is happening in your marketplace and introduce advanced functionality.
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