Today, Amazon, eBay, Etsy, and Alibaba are the most popular global ecommerce marketplaces. These websites have a vast inventory because many suppliers, vendors, and sellers from across the world do business on these websites (that’s why they are known as the multi-vendor marketplaces).
I am writing this blog post to share with you guys a quick recipe in order to get your own Magento 2 marketplace. It isn’t that difficult to do that but you have to be smart enough while choosing the extensions. Yes, extensions hold the key! And, that’s my main focus of today’s quick recipe to have your own marketplace because I will brief you about the best Magento 2 marketplace extensions.
- Benefits & Reasons to have a Multi-Vendor Marketplace Website with Magento
- Magento 2 Multi-vendor Marketplace Solution by CedCommerce
- Magento 2 Marketplace Extension by LandOfCoder
- Magento 2 Marketplace Multi-Vendor Module by Webkul
- Magento 2 Multiple Vendors by Magenest
- Marketplace Multi-Vendor Module for Magento 2 by Cmsmart
- Wrapping Up
Before going into further details, it’s more important to know about their benefits and why Magento is the best choice to build a marketplace or multi-vendor store.
Benefits & Reasons to have a Multi-Vendor Marketplace Website with Magento
There are many reasons why you should have Multi-Vendor Marketplace website on Magento. I will highlight some important ones that also augment the benefits of owning a Magento website.
Magento offers you the opportunity to invite different vendors for selling their products on your marketplace. All you get is a diversified Magento marketplace. Generally, Magento marketplace receives more traffic than traditional ecommerce websites. This results in an impressive customer database which is ideal for developing and fine-tuning marketing strategy for your business.
The second reason that benefits Magento Marketplace website owners revolves around receiving commissions on the products that the vendors sell on your multi-vendor store using Magento 2 marketplace extension(s). The profit will increase exponentially as the number of vendors and products increases. Vendors also benefit from joining your Magento 2 marketplace. They can leverage traffic to reach more customers which is an excellent opportunity for small stores and vendors with little budget for marketing and customer outreach.
Some other benefits that Magento marketplace website owners can leverage to their advantage include:
- Maintain the high performance of Magento marketplace
- Offers more than 50 payment gateways
- Remarkable extensions & module
- Supportive community
- Ease of integration and a lot more…
Now I guess that’s enough justification for why to choose Magento for your marketplace and benefits of using Magento 2 marketplace extensions. Now is the time to time to tell you about the best Magento 2 marketplace extensions.
Magento 2 Multi-vendor Marketplace Solution by CedCommerce
Magento 2 Multi-vendor Marketplace Solution by CedCommerce is a one-stop solution for aspiring entrepreneurs to build a Multi Vendor Marketplace website. This would enable the coming together of vendors on a common platform to market their products, showcase their vendor profile, manage orders from their dedicated vendor dashboard and view sales reports. The Multi Vendor Marketplace solution for Magento offers a multitude of features for transforming your Magento ecommerce website into a workable and feature-rich multi vendor stores such as Amazon and eBay. With the help of various Magento multi vendor modules, vendors owning Magento 2 stores can create a website tailor-made to their specific business requirements.
Cost: $299 – $1600
Compatibility: 2.3.x, 2.4.x
Magento 2 Marketplace Extension by LandOfCoder
If you are looking for fast and intuitive Magento marketplace extension then this extension is for you. It is fully responsive and is compatible with all major devices, thus providing a wonderful user experience for everyone. It assists to automate everything and create opportunities for you to have a similar multi-vendor store like Amazon & eBay etc. You as a seller can take full control of products in terms of sales, invoices, shipments by using a Seller Cpanel.
While using this extension you don’t have to worry about what Magento 2 themes to apply on. Because this extension is capable enough to work flawlessly with every Magento 2 theme. It supports 10+ popular gateways. More importantly, it facilitates the Advanced Report option to generate reports for line chart for sales, last orders, best sellers, most viewed products, etc.
Compatibility: Magento 2.0.0 – 2.0.1 – 2.0.2 – 2.0.3 – 2.0.4 – 2.0.5 – 2.0.6 – Magento 2.0.x – Magento 2.1.x – Magento 2.2.0 – Magento 2.2.x – Magento 2.3.0 – Magento 2.3.x
Magento 2 Marketplace Multi-Vendor Module Webkul
This extension comes with a bunch of great features including inventory management, shipment, separate seller profile and a lot more. The most amazing aspect of this extension is that it won “Top Selling Extension” accolade at Magento Imagine 2019.
While using this extension as a seller, you have an option to add multiple products like Simple, Configurable, Virtual & Downloadable. It is compatible with all Magento 2 templates and themes with responsive web design.
It won’t disturb the performance of your existing ecommerce store because it has been developed on the codebase of the Magento 2 application programming. It supports entire standard Magento 2 cache handler. Moreover, there is no limit to vendor and product levels, as you can create a number of vendor store and product listings.
Compatibility: Now, it’s also supporting the latest release of Magento 2.3.x.
Magento 2 Multiple Vendors by Magenest
Magento 2 multi-vendor extension by Magenest is much capable of transforming any Magento website into a thriving online marketplace. It offers all the core features that are essential to set up a Magento 2 marketplace. It helps you to maintain the quality of your marketplace and vendor by creating policies and mechanisms that assure to balance the vendor quality and customer satisfaction.
With this extension, you can easily maintain the records of each vendor as well as their list of products. As it is obvious that the variety of products attract the customers, therefore by using this extension, you don’t have to worry about dealing with a huge list of different products. Besides, marketplace owners have the authority to review and approve vendors and products which is a great feature to have for your Magento 2 marketplace.
Compatibility: 2.1.x, 2.2.x, 2.3.x
Marketplace Multi-Vendor Module for Magento 2 by Cmsmart
This extension assists you to turn any ecommerce store into a great Magento 2 marketplace by connecting a bunch of sellers and vendors at a single platform. It helps them reach out to their customers and start selling in no time. It facilitates with a bunch of interesting options and complete range of customizable options, where you have full control over your products, invoices, and other crucial aspects that make Magento 2 marketplace up to the mark.
It comes packed with some extraordinary features that are really notable. First, you can avail three unique individual landing pages. It also offers a separate interface for sellers/vendors so that they can look after their account’s settings, transactions, sales reports, and other essential operations.
A customer can also become a seller easily with their own account. It is easy to use and install, which is an added plus for this extension. It also supports multiple themes and templates to make it more professional and attractive.
Compatibility: Magento 2.0.x, Magento 2.1.3, 2.1.4, 2.1.5, 2.1.6, 2.1.7, 2.1.8, Magento 2.1.x, Magento 2.2.0, Magento 2.3.0
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Building a Magento 2 marketplace wouldn’t be that easy without these extensions. If you want to have a marketplace then I highly recommend you to use any Magento marketplace plugin to create an online store and then focus on business development. This will save time and money that could be better utilized in business’ promotional activities. I have mentioned some valuable Magento 2 marketplace extensions that are rich in features, easy to customize and most importantly, they are all compatible with different versions of Magento.
If you think I have missed any of your favorite extensions, or want to be a part of this blog, then let me know in the comment section.
1. How do you market to vendors?
As a marketer, it can be an overwhelming job talking with vendors and business partners. Also, you have predefined budget and list of goals to help the business to move forward. If you’ve ever faced trouble to meet your targets under budget then, it’s time to reassess your planning with a different approach.
Here are some effective ways to execute your plan(s) in order to market the vendors.
- Be a Finance Savvy: It’s important to have someone in your marketing team who is well-educated about financial principles and terminologies.
- Incentives and Prefered Commissions: Providing incentives is an excellent approach to market a vendor that should consider at the time of collaboration. Furthermore, it is also beneficial for long-term business partnership.
- Approach Venues: Attending events provide you with an opportunity to meet relevant people and vendors under one roof. It leads to linking up with the vendors who look for new suppliers or product to sell.
- Pitching to Vendors: Deliver the presentations by highlighting the points what you are offering and what vendors have to work on. Agenda should define why to prefer you and how are you going to benefit their customers.
- No-risk Consignment: Offering no-risk consignment allows the vendor to stock, display and sell your products with no up-front cost. Such an offer attracts the vendors and align them with your product.
2. What are the Three Best Magento 2 Marketplace Themes?
Free VES Evolution
A great choice for Magento 2 marketplace that augments modern design with drag and drop functionality. It imparts eight unique digital homepages and 15 child themes so your store looks more impressive.
Flashshop Magento 2
Flashshop Magento 2 theme is compatible with Bootstrap 3x that means your product will display in all sorts of devices. Other than that, it offers high-speed loading, modern design and comfortable use for the developers.
The Xtremo theme is responsive to and compatible with every device resolution. It allows you to manage multi-image banner with URL links. Besides, it brings all the popular categories on the homepage.
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Fayyaz, a passionate Motorbike tourist, works as a Team Lead — Magento Community at Cloudways - A Managed Magento Hosting Platform. His objective is to learn & share about PHP & Magento Development in Community. You can contact him at [email protected]