In this blog, we shall share with you a quick recipe to get your own Magento 2 Marketplace. It gets challenging to choose smart extensions for easy Magento 2 extension development. After all, extensions are the keys to a smooth eCommerce app development. Therefore, businesses are advised to have their own marketplace, and we shall help you understand the best Magento 2 marketplace extensions.
Top global eCommerce marketplaces like Amazon, eBay, and Alibaba have a vast inventory as suppliers, vendors, and sellers from across the world do business on these websites. Therefore, these giant companies are known as Magento multi-vendor marketplaces.
Before getting into details, let’s first understand the benefits of Magento and why it is the best choice to build a marketplace or multi-vendor store.
Benefits of having a multi-vendor marketplace website with Magento
- Magento offers great opportunities to invite different vendors to sell their products. After all, the marketplace receives higher traffic than traditional eCommerce websites.
- Magento 2 offers an impressive customer database, which is ideal for developing and fine-tuning marketing strategies for online businesses.
- Magento marketplace website owners expect receiving commissions on the products that the vendors sell on your multi-vendor store via Magento 2 marketplace extensions.
- The platform increases profit exponentially as the number of vendors and products gets increases. Also, vendors can leverage benefits from joining your Magento 2 marketplace stores.
- Magento 2 leverages traffic to reach potential customers, which is an excellent opportunity for small stores and vendors with budget constraints for marketing and customer outreach.
- Magento 2 offers more than 50 payment gateways to make customers feel more comfortable while making the payments
Now that we have given you the major benefits of choosing Magento 2 as a multi-vendor store platform, let’s discuss the top Magento 2 marketplace extensions and how to choose the best extension.
Top Magento 2 marketplace extension
Now, let us look into some jaw-dropping features of Magento 2 marketplace extensions and understand which extension is best for your online business marketplace.
Marketplace platinum package by CED Commerce
This marketplace extension offers amazing features, which makes it one of the most-sought solutions for Magento 2 development services. From a dedicated dashboard to view sales reports, it offers numerous benefits stored for users. The extension helps vendors manage their product orders, create invoices, shipments, and more.
For advanced product creation like configuration, grouped, and bundled product options, this extension is ideal. Another feature of this extension benefits both vendors and admins, with vendors paying to get profit and admins imposing additional commission.
Magento 2 marketplace extension by Land Of Coder
This extension is one of the fastest and most manageable Magento marketplace extensions. It is smooth, responsive, and compatible with various devices to provide a quality response. It allows automation, thus creating opportunities for owners to create a marketplace like Amazon and Flipkart. Another advantage is taking complete control of product sales, invoices, and shipment via Cpanel.
While using this extension, developers need not worry about themes and gateways, as it supports almost every Magento theme and 10+ popular gateways. Also, the extension offers an advanced report option, where it generates reports in chat form. Additionally, you can check for sales, most viewed products, best sellers, last orders, and more.
Magento 2 marketplace multi-vendor module Webkul
Inventory management, shipment, and separate seller profiles are some of the best features of this marketplace extension. Also, it is one of the top-selling Magento extensions, which can help add multiple products as per the choice like simple configuration, virtual & downloadable. Furthermore, it is highly compatible with Magento 2 themes, templates, and web designs.
Since this extension was developed with Magento 2 codebase application programming, it won’t disturb existing Magento eCommerce design. Apart from that, users can create several vendor stores and product stores too.
Magento 2 multiple vendors by Magenest
This Magento extension is one of the highly compatible extensions to convert Magento websites into an amazing marketplace. With all the essential features, this extension helps to maintain the marketplace by creating policies and mechanisms that ensure product quality and customer satisfaction.
The marketplace owner can easily maintain records of each vendor and their product list. If you are an owner and dealing with a variety of products to attract your consumers, you need not worry about the increased list of products. For now, you have the power and control over reviewing vendors’ products for quality maintenance.
Building a Magento 2 marketplace is not an easy task without the help of extensions. If you are looking for a marketplace then it is advisable to use any Magento marketplace plugin to create an online store and primarily focus on business development. It helps save time and money that could further get utilized in a business’s promotional activities and launch events.
Additionally, we have mentioned some valuable Magento 2 marketplace extensions that are rich in features, easy to customize, and most importantly, it is compatible with numerous versions of Magento.
If you are also looking for Magento 2 extension or want to hire Magento developers for quality Magento 2 development services, we are here to help. Connect with us today.
What are the benefits of the Magento 2 marketplace solution?
Some of the amazing benefits of Magento as a marketplace solution include:
- Curated extensions and themes
- High quality and standard
- Product reviews
- Product search and dashboard functionality
- Manage profile
- Build and submit extensions
- Manage sales
Which platform is best for the multi-vendor marketplace?
Some of the best-in-the-market multi-vendor marketplaces include:
- Dokan WooCommerce Plugin
- Mayosis WordPress Marketplace
- Yith WooCommerce Multi-vendor extensions
- Bagisto Multi-vendor marketplace – Webkul
- Magento 2 multi-vendor marketplace – CedCommerce
- Magento 2 marketplace extension – LandofCoder
What is a multi-vendor marketplace?
A Multi-vendor eCommerce store refers to a marketplace where multiple sellers come together to sell their products and services to multiple customers. In multiple vendor marketplaces, customers get a chance to buy products from various sellers and brands.