You have successfully launched your ecommerce store on the internet and you are all set to start your business. You can easily convert your ecommerce store and make it a market place for multiple vendors. Multi vendor extension can be utilized to turn your store into a multi vendor marketplace, which is currently the super power tool used to convert ecommerce stores into marketplace. The ecommerce store is also empowered with a wide range of significant features thanks to Addons. Magento marketplace is also available for the latest in web platforms.
Multi vendor extensions like magento marketplace help you to alter your store to your advantage and you can manage sellers from within your ecommerce store.Some advantages of magento marketplaces and multi vendor extensions are listed below.
- Your ecommerce Magento store is transformed into an online shopping mall and you now have access to more and more seller services and products
- Different sellers now have access to your store and they can register with you to sell their products and services
- The interface for your webstore is simplified and you can manage your marketplace more easily
- You can control all sellers and their products, you can manage sellers
- Products can be managed on the move with the help of the responsive seller panel
- Simple as well as configured products can now be managed
- You can set commissions for every product, product category, each seller, each customer group and also every product type.
- Payments can be made in bulk to sellers and also for an independent seller
- You can view or approve or disapprove a product, you can delete or update details for a product which is requested by the seller
The multi vendor portal management helps to change an already existing magento shop into a shopping mall. There are specialised attractive designs made for each seller to manage his portal. Orders, catalogs, manifests, invoices, payments, etc. can be easily managed within the magento marketplace. Both, the store owner as well as the seller, stand to benefit from this new marketplace system which is in place in your ecommerce store. The store owner can view all orders placed by the customer in one spot.
A standard tax or global commission tax can be set up for all sellers. Seller registrations can be approved or not approved. For his part, the buyer also has many advantages. He can look at the profile of the seller. He can have a look at all the products put in a cart and grouped by the seller. He can get to know the product details. The buyer can even configure products aided by the key attributes and features. He can be aware of available stock of a particular product from a particular seller that he may be planning to buy. Prices can be viewed and compared for many sellers selling the same product. All this does make online shopping exciting!