Before discussing why eCommerce shops are being turned into Multi-vendor Marketplaces, let’s know about the Multi-vendor Marketplace’s definition. Multi-vendor marketplaces are the open-source platforms that offer third-party sellers the to list their products and sell from the platform provided by the Marketplace. Furthermore, a variety of sellers can list their products on the Marketplaces.
As the eCommerce industry grows rapidly, the behavior of the customers is also changing day by day. The reason behind this is that various sellers/eCommerce shops are offering the same products even at lesser prices. So, how do overcome this competition? The answer is the Knowband Multi-seller Marketplace plugin. Knowband offers the plugin that allows the eCommerce merchants to turn their shops into Multi-vendor Marketplaces. The Knowband Multi-vendor Marketplace Plugin offers the service for the OpenCart, PrestaShop, and Magento 2 merchants.

There are various amazing facts about the strategy behind the Multi-seller marketplace.

1. Offer your customers a variety of products:

The major and most reasonable fact that is behind the Knowband Multi-vendor Marketplace plugin is to offer the eCommerce Merchants to have a variety of products in their eCommerce shops. For example, if you visit an eCommerce shop for purchasing multiple categories of products and you are only able to see a few of your desired products you will prefer to shop from the same eCommerce shop. Whether take another example where a Multi-seller Marketplace shop is offering all of your desired products on a single platform, you will consider purchasing from the same even on a penny more or two.

2. Easy Commission Flow:

The other and the main benefit of the Multi-vendor Marketplace is the earning without putting any extra effort. The eCommerce Merchants having their shops based on OpenCart, PrestaShop, and Magento 2 can set up the commission rate for every particular third-party seller that registers on their shop. In other words, the Knowband Multi-seller marketplace Plugin offers the eCommerce Merchants to set a particular percentage commission amount for every seller. In this way, every time the products of sellers get sold you will get the fixed amount of commission you settled up from your admin panel. Thus, the Knowband Multi-vendor Marketplace plugin allows the eCommerce Merchants to enjoy the commission amount without putting any additional effort.

3. Proper control of sellers’ profiles from the admin panel:

The OpenCart, PrestaShop, and Magento 2 store admins can easily manage the sellers’ profiles right from the store admin panel. The Knowband Multi-vendor Marketplace plugin offers the Merchants amazing features such as changing the commission rate anytime, adding a separate registration page for sellers, tracking the seller’s overall records and ratings, and even the store admins have the full authority to approve/disapprove any seller. Furthermore, the eCommerce Merchants can approve/disapprove the categories registered by the third-party seller.
Thus, the Knowband Marketplace plugin offers every required control at the fingertips of the store admins.

4. Benefits to the sellers:

The Knowband Multi-vendor Marketplace plugin offers the seller an interactive and easy-to-use interface. In the easy-to-manage dashboard, sellers can easily track their earnings and orders. Moreover, the sellers can also add coupons, particularly to their seller profile to provide additional offers to the customers. Furthermore, the sellers can add n number of categories to their seller profile.

We are offering a Multi-vendor Marketplace plugin for
The Knowband Multi-vendor Marketplace plugin is now available for the [url="https://www.knowband.com/opencart-multi-vendor-marketplace-plugin"]OpenCart[/url], [url="https://www.knowband.com/prestashop-marketplace"]PrestaShop[/url], and [url="https://www.knowband.com/magento-2-multi-vendor-marketplace"]Magento 2[/url] platforms. The eCommerce Merchants having their shops based on the above platform can enjoy the amazing benefits of the Multi-vendor Marketplace plugin. To know in detail about your multi-seller Marketplace Plugin, please drop an email at suppprt@Knowband.com.