Perks of Magento Marketplace Extension to upscale your business Marketplaces are the ideal approach for expanding the sales and conversions of an eCommerce website. An online marketplace is much like a physical marketplace. Imagine yourself shopping in a physical market where you are walking past individuals shops and vendors. Let's say, you want to buy a television. You must have come across several shops selling the same brand of television; however, there is a slight variation in the prices of each vendor. An online marketplace is exactly the same where you get an option to browse different vendors and sellers for a particular product on a site. Though, there is a difference that the sales and inventories are all controlled by the individual vendors but the transactions and billings are all processed by the Marketplace operator. Marketplaces have established their roots so deep in the eCommerce market that each and every store owner is planning to shift their way of movement towards it. For a Magento eCommerce site, marketplace extension has got an immense range of functionalities to fit various business needs. Magento marketplace extension has got all you want for small to large eCommerce businesses. You can actually transform your existing eCommerce store into a fully functional marketplace by installing this single module onto your store. It's a feature packed module comprising of various functionalities to allow sellers/vendors to sell and manage their own products on your site.
Acquire a range of functionalities by installing this Magento marketplace module on your online store. Here are some of the benefits of this module : 1. Freedom from managing an inventoryThis module allows the admin to create his/her niche based marketplace where he/she gets freedom from managing his/her own inventory because he/she can now manage
his/her profile through the interactive admin panel of this Magento extension. 2. Allows seller to sign up from the front panelThis module has got an amazing feature which allow sellers to sign up for the marketplace from the front panel itself. The front panel registration process for sellers is similar to the buyers registration process on the site. 3. Freedom to sellers from managing their own websiteAfter a seller registers himself with the marketplace, he/she is no longer required to manage his/her own website as the sellers get an account profile which is much like their own website where they can customize their store and products seamlessly from the front panel only. 4. Sellers get a chance to improve their productivity with the marketplaceThe marketplace is the need of the hour. Each and every online store is shifting towards this particular eCommerce business model. Marketplaces provide an effective way to improve the sales and revenue of individual vendors by extending their reach to a larger population. 5. Works fine with all themesThis module works fine with all the Magento themes and extensions. It also does not hinder with the operation of any other module on the site. 6. Features to provide ratings and reviews for individual sellersCustomers can get an idea about all the vendors and sellers listed on the marketplace through the ratings and reviews of the individual vendors/sellers according to various products and services that they provide to the customers. 7. Can integrate multiple product typesThe module has an efficient feature of managing various types of products in the marketplace. It supports all kinds of simple, easy to download, virtual, configurable, bundled and grouped products on its platform. 8. Supports multiple language and currencyYou can have a seamless experience with this module, irrespective of the location of the customers or sellers. It is equipped with the feature to support multiple languages and currencies across the globe.
So, the Magento multi vendor marketplace is a perfect option for you if you want to put your steps forward towards the eCommerce marketplace model. Equipped with all the contemporary features which are required to convert your eCommerce store into an efficient marketplace, it provides a great range of simplicity and flexibility to its users.