In the digital age, where each and everything is available right on our palms, living without being related to eCommerce is an impossible task. The most advanced technology that the eCommerce industry gifted us is the online shopping which became a boon in just a few years of techno-driven environment. These technical advancements and increased demand for online shopping compelled many physical retailers to convert themselves into online sellers which made them earn a good amount of revenues. The idea of surfing in the digital stream led to the huge number of online sellers which in result increased the competition among them.
To overcome this competition, many retailers registered themselves as third-party sellers on some renowned Marketplaces like Etsy, eBay, Walmart but the complex rules and regulations of these Marketplaces made sellers think again about their decision again as these standardized rules were hampering seller’s profitable goals thus resulting in loss of revenues. This led to many sellers change their minds and convert themselves into a Marketplace owner itself. This strategy gave an advantage to both sellers and admin as sellers were able to earn good profits while admin can charge the commission on the products sold by sellers.
Knowband offers Magento Marketplace Extension which provides the seller a seamless path to convert their Magento eCommerce store into a Marketplace. Without any coding knowledge or technicalities, sellers can easily download and install it on their website and you will be a Marketplace owner in just a few easy steps.
Features of Magento Marketplace Extension:
The Magento Marketplace extension by KnowBand provides a multi-store compatibility feature. It can be used on different sites or domains which are sharing the single Magento installation.
Admin can create and manage the product categories from the back-end itself of the Magento Multi-vendor Marketplace Extension.
The Magento Marketplace multi-vendor is compatible with the latest Magento version and supports all themes.
The Magento multi-vendor Marketplace plugin allows admin to approve or disapprove the seller’s request from the back-end itself of the plugin.
The Magento Marketplace extension allows admin to select the categories to be shown on the front end of the website.
Admin has the authority to add or remove the products from the back-end itself of the Magento Marketplace multi-vendor extension.
Admin can easily set and manage the commission charged to the sellers with the help of Magento Marketplace plugin.
The Magento store owner can track the transaction and earn at the button click from the back-end of Magento Marketplace Extension.
The store admin can manage the reviews of the product by approving or deleting them from the back-end of Magento Marketplace Extension.
- The Magento Marketplace Extension allows admin to set the transaction type for any seller from the back-end itself.
Features offered to sellers by Magento Marketplace Extension:
The Magento multi-vendor Marketplace allows the sellers to register in the online Marketplace.
The Magento Marketplace Extension provides a hassle free experience to the online sellers. Sellers can easily map the categories and products on the Marketplace website to present them in front of a large no. of customers without any hassle.
The Magento Marketplace Extension offers sellers a flawless business experience by providing an uncluttered front end design of the Marketplace which boost up the shopping experience of customers.
The seller’s dashboard makes it easier for the sellers to track and manage their products, profile as well as a sale with the help of Magento Multi-vendor Marketplace module.
The Magento Marketplace Extension allows sellers to request for including a new category. The Marketplace admin has full authority to approve or disapprove the request with the help of the Magento multi-vendor Marketplace plugin.
Advance features of Magento Marketplace Extension:
Generate coupons: Seller is been provided with the authority to generate coupons for their products regardless of what other offers been provided by the admin of the Marketplace.
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.
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.
Assign Tax Class: The Magento Multivendor Marketplace Extension allows sellers to assign tax class to the items in order to differentiate taxable and nontaxable products.
Display cross-sells 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.
Over to you:
Converting yourself into an online Marketplace owner is just the starting towards the immense success of your business. Whether you are a website owner or a Marketplace owner, the sale of your product totally depends on the product type and category. Technical advancements are now a part of our daily lives so it’s important to remain updated with the latest trends and techniques and implement them to boost up your overall business growth.
Today’s technology provides a handy service to users for many online purposes. It’s really important for a store owner to reach the customer’s devices to ensure higher sales and growth. Knowband offers Advanced Magento Marketplace mobile app plugin to build a fully-functional Marketplace and a mobile app at the same time for your store.