Yes, we will talk about the Magento 2 Marketplace Extension in this blog. However, let us start with an introduction to the marketplace. The marketplace is the only place where you can get everything you need in one place. Further, similar to eBay or Amazon. The opportunity in the marketplace business is at an all-time high. Moreover, many start-ups around the world are becoming more interested in the marketplace business model. Why? Because of the as a result of the pandemic.
The choice is yours when it comes to creating a marketplace. Yes! In fact, you have two options to do the same. You can either build marketplace software from scratch. Furthermore, this is when you use all the coding and special knowledge. For instance, PHP or others.
On the other hand, you can build a marketplace using the multi-vendor marketplace module. In fact, you can do it for platforms like Prestashop, OpenCart, Magento 2, Shopify, and more. The first one requires a significant amount of money and technical skill. Furthermore, the latter completes without the assistance of a professional coder. If you’re a newbie, the Magento 2 Marketplace extension is for you. Furthermore, it is designed by skilled coders with all the technical competence. In fact, it is the finest solution for creating a marketplace. We’ve incorporated various distinctive properties and designed the extension to meet the needs of the administrator, merchant, and clients in every conceivable way.
In this blog, we will talk about the Magento 2 Multi vendor Marketplace Module by Knowband. Moreover, everything that you should know about the Magento 2 Multi seller Marketplace module.
Aspects of the Magento 2 Marketplace Extension that you should know
Anyone can sell on the Magento 2 Marketplace
The admin can sell. Further, the sellers can sell. In fact, the customers can sell on the platform. Further, the admin can simply sell or choose not to sell. However, there’s a catch. Who sells on the marketplace is completely the decision of the admin. Further, he certainly places the seller registration form on the front end. Additionally, allows them to register as sellers. However, chooses only the ones that fit in the marketplace. He can easily scrutinize the registration forms. Moreover, pick only the sellers that fit the criteria of the Magento 2 Marketplace.
The bulk uploading of products
The Magento 2 Marketplace Module allows for the bulk submission of products. In addition, the seller can effortlessly submit .CSV file from the seller dashboard. This will save you time by reducing the amount of time you spend listing products, and it can be done quickly. Thus, it reduces the problem of uploading products one by one on the platform.
Commission management is a piece of cake
The commission is one of the most important parts of the Magento 2 Multivendor Marketplace Extension. In fact, the commission is one of the three sources of revenue for the admin as well. Furthermore, there are three basic levels of commission in the Magento 2 Marketplace Plugin. They are:
- Global commission: The same commission set for all the sellers available on the platform.
- Category-wise commission: The commission that is set as category-wise. For instance, if the seller is uploading a popular category, he’ll have to pay more commission.
- Individual-seller commission: Here, the admin can decide which seller will pay how much commission on every order.
Thus, this is how the commission aspect of the Knowband marketplace works.
Creating several membership plans
Membership plans are also popular as subscription plans. Further, just like the users have to buy a subscription to Netflix or Amazon Prime, the situation is the same here. In fact, the admin can create as many membership plans as he wants to. Additionally, the sellers can buy any plan from the options available for them. Therefore, they start selling as per the plan they pay for. Then, they also have to renew the subscription plan once it comes to an end. In fact, the admin can notify the seller when the membership plan’s expiration is near as reminders. Thus, the seller can then renew the same to continue selling on the platform.
Seller rating and review management is easy-peasy
It is the rating and reviews of the sellers and websites that matter a lot. In fact, they play an integral role in building new customers. Moreover, every marketer encourages the customers to leave feedback about their shopping experience. Hence, the Magento 2 Marketplace Extension by Knowband has a Seller rating and review management functionality. With this, the customers can simply provide feedback for the sellers on the platform. Further, the review goes to the admin for approval. Then, it is made live on the front end.
Email templates that come in handy for all conversations
Order changes must be communicated to vendors and consumers in a timely manner. Likewise, there are a lot of things that need to go to the admin from sellers. Moreover, from sellers to customers as well. In the Magento 2 Multi vendor Marketplace Plugin, there are multiple preset email layouts that are pre-crafted for sending various updates. In the backend of our Magento 2 marketplace module, we have many email templates that can be used to deliver notifications to merchants and buyers. The admin may update any email template directly from the admin panel with this extension. All of the email templates are available in many languages.
Let us Wind Up!
The Magento 2 Marketplace Extension by Knowband is a stunning tool. Further, it is everything that a marketer needs to succeed in the eCommerce industry. Moreover, stay ahead in the competition. What do you think of the Knowband marketplace? If you are interested, you can always reach out to us. In fact, even if you have any doubts or suggestions to make, you can always do that. Let us know about them all at firstname.lastname@example.org.
You can also head to the Knowband store to gain more information about the module. In fact, you can check out the Admin Demo, Front Demo, and the User Manual for a better understanding of the marketplace module.