Magento 2 marketplace: Should we create it?

Magento 2 marketplace is gaining popularity in this modern era. People know that marketplace is a platform with e a win-win situation for owners and vendors. Moreover, shoppers will also get a chance to access even more range of products from different vendors, so that they can purchase the product at the lowest price. If you are planning to build in a multi-vendor marketplace website with Magento or if you want to sell your product, this post is perfect for you!

1. What Is an Online Marketplace?

An online marketplace is an ecommerce website that offers many different goods from many different sellers. It allows vendors to have accounts and sell their products on a website under the website admin or  the marketplace owner’s control. Some of the most well-known marketplaces include:

• Amazon,
• eBay,
• Walmart,
• Etsy,
• Alibaba.com
• Google Express.

2. Should we create a Magento 2 Marketplace?

There are many reasons why you should create a Multi-Vendor Marketplace website on Magento. I will show some important ones that also augment the benefits of having a Magento website.

For the marketplace owners:

• Generally, Magento 2 marketplace receives more traffic than traditional ecommerce websites. Since a marketplace with an enormous number of vendors and small sellers will attract extremely large customers with different needs.
• In the case of the global marketplace, the huge traffic around the world help to create a drammatic amount of sales.  This results in an amazing customer database which is great for developing and fine-tuning marketing strategy for your brand. Besides, a huge traffic help to boost the site ranks higher in the search engines
• Lesser responsibilities and expenses : If you run an online website, you have to take care of everything  such as the logistics, pricing , inventory maintenance or management. With a Magento 2 market place, vendors take care of all these things. All you need is a small experienced team who takes care of customer queries and marketing
• As a marketplace owner, you will recieve the commission fee for each product and service sold by the vendors.

For the Sellers:

• Vendors can leverage traffic to reach more shoppers which is a great opportunity for small stores and sellers with little budget for marketing and customer outreach.
• Vendors don’t even need to spend on building a website and marketing. All they need to do is start selling on the readymade website and pay only the fraction of amount on every sale.
• No need to find the customers. The huge incoming marketplace traffic provides a large number of customers.
• Vendors can add and remove items, edit product description, change prices, sett up areas of delivery and do any style of modifications with no coding knowledge requires.

Now that you know how Magento eCommerce multi-vendor marketplace is beneficial to owners as well as vendors, it is obvious that you would want to invest in one. However, remember you don’t a risk of developing it by yourself. Make sure you hire the best Magento development company and get your marketplace built.

3. How does the Magento marketplace help multi-vendor eCommerce business?

1. Product search and dashboard functionality: Magento 2 as a marketplace has an organized search functionality with intuitive product categorization and collection. hence, searching for a product becomes easy
2. Product reviews and customer ratings: Magento 2 marketplace solution offers an improved rating platform that checks for the most relevant reviews to the product.
3. Building a multi-vendor online store is a complex process but the Magento 2 architecture addresses all the hosting requirements and is also very scalable. The support system, maintenance, and reliability are other element adding to the benefits
4. The platform is capable of handling thousands of products and can undertake multiple orders at once. It also offers the capacity to support multiple websites simultaneously.
5. Magento 2 marketplace provides a readymade place for sellers to offer their items for sale. Managing the products is far easier for Magento 2. It supports multiple-pricing-ways for different sets of customers. The functions can be adjusted according to business needs.
6. A multi-language and multi-currency option allows a global presence for the vendor. It also provides multiple payment options, B2B as well as B2C transactions.
7. The SEO feature is one of the top-notch function in Magento 2 that needs to be highlighted. It allows the eCommerce website to rank higher in the search engine results.
8. Design and user experience are the two most crucial things for any online business which is taken care of in the Magento marketplace solution. With Magento, you can have a simple, smooth, and clean design and UX that is easy to navigate and please the viewers also helping them to explore products much quicker and efficiently.
9. Magento offers scalable features like inventory management tools, including management of products, returns, and exchanges

4. What are the best Magento 2 marketplace extensions you can use?

Marketplace Platinum Package by CED Commerce

• Cost: $299
• Compatibility: 2.1.X, 2.2.X, 2.3.X

Magento 2 Marketplace Extension by LandOfCoder

• Cost: $399
• 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

• Cost: $349
• Compatibility: Now, it’s also supporting the latest release of Magento 2.3.x.

Magento 2 Multiple Vendors by Magenest

• Cost: $249
• Compatibility: 2.1.x, 2.2.x, 2.3.x

Marketplace Multi-Vendor Module for Magento 2 by Cmsmart

• Cost: $256
• 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

5. What is the most creative Magento 2 Marketplace Theme?

By using a magento 2 marketplace extension, you can convert your Magento website into a complete online marketplace store like Amazon, eBay, Etsy, Alibaba, Aliexpress, etc. but to make your website more beautiful, you have to use a Magento 2 Marketplace theme

6. Conclusion

In order to develop a strong Magento 2 marketplace, a client needs good extensions. If you want to build a marketplace, you should first create an online store using any Magento marketplace plugin, and then focus on web development. So our Magento 2 Website Development will be the perfect choice for you. By doing this, you can save on a lot of time and money. Because our experienced experts will assist you in any your problems. For that reason, what are you waiting for? Leave your information HERE and our support team of Magesolution will contact you as soon as possible.