Today's digital world is surprising people by providing various advancements on a daily basis which led to the revolution of the whole eCommerce industry. These advancements led to the increased online shopping which is the most precious gift given by the eCommerce industry. The handy technology led many customers to shop online at any time from anywhere which made the shopping process easy for customers saving their time. Being a seller, it's important for them to understand this increasing advancement and they should convert themselves into an online eCommerce store owner.
Due to this advancement, many small sellers converted their physical store into an eCommerce store. This made the competition heat up between different sellers as many retailers were selling the same product which in result leads to a loss in sales and revenues.
Sellers decided to upgrade to the next level according to which they registered themselves as third-party sellers on Marketplace. However, the standardized rules and regulations of Marketplace were the biggest hurdle and making difficult for sellers to achieve their goals. To overcome this situation, sellers finally decided to convert their eCommerce store into a fully fledged marketplace to cut out all the problems and improve their sales. Now the question arises, how will this happen?
KnowBand offers Magento Marketplace Extension which helps an eCommerce store owner to convert their eCommerce website into a marketplace. With the help of this plugin, sellers can easily convert their website into a marketplace without any coding knowledge and technicalities. Admin can charge a commission to all the third party sellers and sellers get a platform to sell their products to a large chunk of customers which helps both of them to take their business to new heights.
1.Generate coupons: Seller is been provided with the authority to generate coupons for their products regardless of what other offers been provided by admin of the Marketplace.
2.Ticket System: Admin can enable ticket system with the help of which customers can directly contact sellers from the front end of the Marketplace via Magento Marketplace Extension.
3.Add social networking profiles: The Magento Marketplace Extension allows sellers to add their social networking profile like Facebook, Twitter, Pinterest, Google Plus, Instagram on their profile from seller’s dashboard.
4.Assign Tax Class: The Magento Multivendor Marketplace Extension allows sellers to assign tax class to the items in order to differentiate taxable and non taxable products.
5.Display cross sell and up sell products: The Magento Multi vendor Marketplace plugin offers sellers to display cross sell and up sell products at the checkout page and product page respectively. This primarily helps sellers to increase the sale of their products.
6.dmin can add or remove the products listed by seller from the back-end of the Magento marketplace Multi-vendor module.
7.Admin can easily set and manage the commission charged to the sellers with the help of Magento marketplace Extension.
8.The Magento store owner can track the transaction and earning at the button click from the backend of Magento Marketplace Extension.
9.With the help of Magento Multi vendor Marketplace plugin, admin has the authority to manage the reviews of the product by approving or deleting them from the backend of the module itself.