We are living in the exploding era of a digital revolution. Everyone now has a smartphone to use. Demand increased, special requirements on purchases increased. Therefore, multivendor marketplace companies have been born and received a lot of success, such as Amazone, Lazada, 1688, Alibaba, … Let’s learn more about a multi-vendor marketplace to know why there is that growth.
Growing of Multivendor marketplace
You can imagine a multivendor marketplace basically is a market fair, where many salespeople gather and selling their product. Buyers will come in and walking around the market to find what suitable for them. Multi vendors can sell products to the customers, receive payment and can ship the product to the customer. Every vendor has their own separate store and customers can directly visit any of their favorite stores. After research, 2018 has an estimated 1.8 billion people worldwide purchased goods online (Statista, 2018) and global e-retail sales amounted to $2.8 trillion. Projections show that global e-retail sales are going to grow to up to $4.8 trillion by 2021. Its mean eCommerce is overwhelming grown and everyone is looking for a place to put their product online. That’s the reason why you should invest in Multi-Vendor Marketplace.
What is Multi-Vendor Marketplace
Marketplace Multi-Vendor Module for Magento 2 turns any Magento stores become a marketplace website. Your sellers will have full fill control of managing their products, sales, invoices, etc through a seller Cpanel. It helps you to build your own dream marketplace like eBay or Amazon-style in the shortest way. Magento Marketplace Multi-Vendor Extension is one of the powerful extensions for people who want to become an online marketplace similar to Amazon. Become a multiple seller marketplace is trending of eCommerce now.
When using our solution, you can use the product for your own website or your client’s website if you are a developer. You are allowed to use this product on an unlimited website while our private support is based on the domain.
Why Multi-Vendor Marketplace?
With a basic E-commerce Website, only one seller who acts as the admin has to cater to the needs of a huge number of buyers on its own. The buyer’s demands are unpredictable. To provide your user with the exact product they are looking out for might become the tedious task with one seller and with a few numbers of products. To cover a large number of audiences, you must be able to satisfy the need of every user and help them find their preferred product conveniently which can be achieved by extending your one seller E-commerce store into Multi-vendor E-commerce store or Marketplace.
By adding vendors to your E-commerce store and transforming it into a marketplace, you can add multiple numbers of products within your marketplace by gathering multiple numbers of vendors. Your vendors will be adding a variety of products thus offering your user multiple options to choose the perfect product.
With the Magento2 Multi-Vendor, the only individual who occupies the role of the admin will control everything at his fingertips. Moreover, multi-vendor multi-seller marketplace software allows using plenty of different methods of receiving payments from customers.
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