Technology and innovation have changed the traditional way of business. This is the era of online business. There is outstanding development in online business and selling and purchasing occur at the doorstep. Multi-vendor marketplaces have become entrepreneurs’ favorite places for online business.
The online business marketplace platforms like Amazon and eBay have prevailed in the business and have set an achievement on sales and income.
This reality has motivated many hopeful business visionaries to move their physical stores to the multi-merchant platform. Let’s explore more about multi-vendor marketplace platforms and which one is best for you.
Types of Multi-Vendor Marketplace Platform
There are a few types of multi-vendor marketplace platforms available. You should check all the types and know which sort of marketplace platform suits your business well.
- Vertical marketplace - This sort of marketplace software focuses just on one specific help, and you can't track down a wide scope of services in these platforms. For example, Etsy sells only high-quality, unique products.
- Horizontal marketplace - This is inverse to a vertical marketplace where you can track down a few kinds of services in one place. Amazon is an ideal illustration of this kind of marketplace.
- Product-based marketplace - You can track down a wide scope of products in this marketplace. The products can be actual merchandise or digital products. Amazon is a product-based marketplace.
- Service-based marketplace – There are services provider companies, this type of marketplace is for them. Upwork and Fiverr are service-based marketplaces.
Features to look in a Multi-Vendor Marketplace Platform
Your multi-vendor marketplace platform should have a few essential features because they will decide the customer experience and help you to retain your customers for a long period of time. Let’s check these basic yet important features in a multi-vendor online marketplace platform:
- Simple customization – According to the changing practices of shopping trends of customers, the multi-vendor business site should also continue to change over some time. So, customization is a default assumption in any multi-vendor marketplace platform.
- Progressed search and navigation apparatus - The best UI will give simple navigation and allow your customers to track down the product easily.
- Payment gateways - The online multi-vendor marketplace site should have various payment gateways coordinated for easy payment options.
- Safe and secure website - The online multi-vendor ecommerce platform ought to have an SSL (Secure Sockets Layer) setup and all the security features for the customers and the vendors.
- Multi-lingual and multi-currencies support - Your multi-vendor marketplace site should uphold different dialects and currencies for contacting worldwide users.
- Ratings and reviews – There are important features for a multi-vendor marketplace to attract genuine customers and buyers.
- Checkout option - A convoluted checkout process will make the buyers leave the site. You must have bother-free and simple checkout options in your online multi-vendor ecommerce platform.
Now you know what to look for in a marketplace to start your business. Let’s peruse the top marketplace options, and then you choose anyone as per your requirements.
Magento Multi-Vendor Marketplace
Magento is a well-known open-source platform that numerous retailers and brands have used to begin their own ecommerce platform. It likewise gives a multi-vendor marketplace plugin that changes over your ecommerce store into a multi-vendor marketplace, where different vendors can enroll to list their products or services and sell them online.
Is it helpful for you?
For the people who want a basic ecommerce store with marketplace features, Magento multi-vendor marketplace can be valuable for you. It is an adaptable and component escalated platform that will actually suit your necessities.
Shopify Multivendor Marketplace
Like Magento, Shopify is intrinsically a solitary vendor cart platform. To convert your ecommerce store into a marketplace, use Shopify’s multi-vendor app. Shopify offers many elements and APIs for you to alter your interface. It comes with a simplified builder to design the frontend of the site rapidly and effectively with many themes and layouts.
Is it helpful for you?
The Shopify Multi-Vendor Marketplace application will help current Shopify users who intend to scale and construct their own marketplace. This augmentation permits you to add limitless vendors and products. Also, you can synchronize your products from other ecommerce stores too. It is an easy-to-use platform for every type of customer.
Aimeos
It is an ultra-fast PHP open-source platform for ecommerce. Aimeos can be installed in a few minutes to get your marketplace. This feature-rich platform is available in more than 30 languages to cater people across the globe. Performance-oriented, scalable, and reliable Aimeos is becoming developers’ favorite. If you are using Aimeos, then your marketplace can surely achieve speed, quality, and higher ranks in SERP (Search Engine Results Page).
Is it helpful for you?
Aimeos multi-vendor marketplace is an ideal option for small online shops, large scale businesses and complex B2B applications. This multi-vendor, multi-channel and multi-warehouse platform gives you a quickest solution with full-fledged features.
Bagisto multi-vendor marketplace
Transform your ecommerce store into a complete marketplace using Bagisto multi-vendor marketplace. Its features are easy to use. Bagisto made inventory and commission management simple for your vendors. Ad-Ons can be integrated easily to increase functionalities of the marketplace. Bagisto provides search engine friendly URLs to your marketplace to get you always a good ranking in search bots.
Is it helpful for you?
From large businesses to small companies, every entrepreneur can use Bagisto to sell their products.
WooCommerce
WooCommerce is one of the finest multi-vendor marketplace platforms. It is associated with WordPress as a plugin, so you can have all the features of WordPress included in it. It can also incorporate other valuable WordPress plugins, such as WC Vendors, to assemble your multi-vendor marketplace. WC Vendors upholds different WooCommerce extensions to include more features in your ecommerce store. It permits new sellers to enlist in your marketplace by providing a straightforward structure. The sellers can add their products onto your site and check them in the WordPress dashboard. Not limited to this, it will enhance your vendor’s marketplace experience to the next level with using vendor mobile app as well.
Is it helpful for you?
Start-ups, and all other organizations can use it. The vendors or merchants who opt for customization; WooCommerce multi-vendor marketplace is the best option for them.
BigCommerce
BigCommerce is a magnificent ecommerce platform; accompanies a Multi-Vendor Marketplace application to change your ecommerce store into an efficient multi-vendor marketplace. Like other marketplaces, you can allow your vendors to join using your BigCommerce store. You can likewise add the vendors yourself as well.
It permits you to control the vendors and things altogether, implying you can endorse a product before it goes live on your site. It is a great option for those merchants who want to fuel their business with all the enterprise level capabilities.
Is it helpful for you?
BigCommerce multi-vendor marketplace is also ideal for any and every venture, indeed who wants to continually grow their ecommerce business.
OpenCart multi-vendor marketplace
OpenCart is a popular open-source multi-vendor marketplace platform for making small and medium-sized ecommerce websites. To make a marketplace using OpenCart, you'll have to use the Multi-Vendor/Drop Shipper extension. It furnishes every vendor with a protected admin interface. Vendors are sent a notification for each request they get, and payout to a seller is performed naturally one time each month.
Is it helpful for you?
As an open-source platform, OpenCart caters to the needs of small, mid-tier, and large enterprises. OpenCart multi-vendor marketplace is best for the merchants who want to create an optimized marketplace that elevates your brand.
How do you know which multi-vendor marketplace platform is right for you?
To make the best decision about the choice of multi-vendor marketplace platform for your business, you need to ask yourself a few questions like the following:
- What’s your budget? What would be the cost of each multi-vendor marketplace platform?
- What kind of platform are you looking for? Do you also require a hosting provider?
- Do you require it from scratch? Or do you already have an e-commerce store and want to expand its multi-vendor marketplace functionalities?
- What type of features do you require? Does the platform of your choice have all the required functionalities?
- Do you have local vendors or international vendors?
- If you are aiming for international expansion, does the multi-vendor marketplace platform have the localization option?
- What about the payment gateways integration? Does it have a multi-currency option?
Wrapping-up
Well, we have represented the few leading ecommerce platforms for your multi-vendor online business. All of them have their own specialties and features. All you need to analyze and compare with your requirements and the functionalities of choice of platform. Get clear on your goals of business and select the best suitable multi-vendor marketplace. Huge profiles are not far away. Select and take the first step to create your marketplace using secure, efficient and full-fledge multi-vendor marketplace platforms.
Globalize your business with ecommerce multi-vendor marketplace management. Whether you are looking for ecommerce marketplace development, Amazon, eBay, Walmart marketplace management, multi-channel, multi-vendor marketplace management for any ecommerce platform, you are at right place. Our team of ecommerce experts provide end to end ecommerce marketplace management. Get in touch with us to know more about ecommerce multi-vendor marketplace or email us at [email protected] or fill out the following form to request a free quote.
