Do you have an idea for creating an eCommerce store? Want to make an eCommerce store like Amazon? Big eCommerce stores are known as Multi-vendor eCommerce marketplaces.
If you want to create an eCommerce store that scales as your business grows, then choosing Magento 2 extensions is the right option. With Magento B2B marketplace extension, convert your eCommerce store into a multi-vendor eCommerce marketplace solution with ease.
As a leading eCommerce marketplace solution company, we decided to write an article to share the benefits of integrating Magento 2 multi-vendor marketplace extensions.
So, how does Magento 2 multi-vendor marketplace extension benefit?
In this blog, we’ve covered all the advantages that Magento 2 multi-vendor marketplace extension offers to its users. Let’s get started.
1. Advanced Invoice Management Functionality
The invoice management functionality of Magento 2 is extremely helpful to users who purchase products from different vendors. It is obvious that customers aren’t likely to buy all the products from a single vendor. Therefore, when a customer purchases different products from multiple vendors in the marketplace, then gets multi invoices, which makes them confused.
For such cases, Magento B2B multi-vendor marketplace extension works as a solution. It offers single invoice generation for users. So, users get a single invoice for all the placed orders in one go.
2. Advanced Discount Management Functionality
With a multi-vendor marketplace extension, you get an advanced discount management system. It allows sellers to create discount coupons for their stores. With the feature of discount coupons, sellers are able to attract more customers and make more sales of their products.
This way, sellers establish their brand in the market by running discounts offers for customers. So, you don’t need any external integration of add-on features to incorporate discounts in the shop. In addition, sellers can easily manage the discounts via the seller admin panel.
3. Bulk Products Upload from Seller Dashboard
Want to add multiple products to your store? We know it’s tiring and frustrating to add a single product to the store. It takes you a lot of time and effort for this task. But, Magento’s multi-vendor marketplace extension makes it easy for you. How?
This marketplace extension has a bulk products upload feature that makes it easy for sellers to update multiple products at a time. Sellers just need to add all their products to an Excel sheet. Then, they can upload their CSV file into the store with a few clicks. So, your store sellers can save their time and efforts for other critical tasks of the stores.
4. Manage Shipping Pricing
Sellers can easily manage the shipping pricing of products based on their weight, size, and amounts. So, they can make sure their sales are profitable for them in the end.
The site admin can enable this feature for sellers to ensure their business is profitable in the marketplace. In addition, it also allows sellers to get statistical reports for their store to know which products are performing well, who the customers are, and where the most shipping is done.
Ultimately, this Magento 2 multi-vendor marketplace extension enhances your eCommerce marketplace. You get complete control and advanced features for sellers to offer.
5. Complete Vendor and Product Management
This feature allows you to manage your vendors and multiple products without confusion. The dashboard of admin offers you complete power to manage all the vendors of the eCommerce store. Additionally, you have control to display products in the store and have ultimate rights to manage vendors and customers.
To easily manage vendors and multiple products, you have the option to categorize both vendors and products specifically. Overall, you can track every shipping package and have complete details of the eCommerce marketplace.
6. Return and Refund Functionality for Your Store
Having refund and return functionality for your store is essential. The reason is it allows you to manage all returns and requests with ease. If your eCommerce store doesn’t have a refund or return feature, then it may lead to a decrease in trust for your store. So, this functionality ensures you don’t need to shut your store for a poor experience.
Refund and return functionality of Magento multi-vendor marketplace extension allows your customers to raise tickets for the same. So, your customers do not need to make the return and refund requests through a critical or manual process. With this feature, you can classically manage such requests of your store. You can also easily manage returns and refunds when your customers purchase from different vendors and return a product from a specific vendor.
7. Advanced Dashboard for Admin to Manage Complete Store
You are an admin of the store so you should have complete control of it. Right? Yes, and you get complete control but a few more things. With an admin dashboard, you can have administrative rights and some advanced ones. For instance, you can apply permanent features for sellers and customize each seller’s features individually as well.
Divide your sellers into groups as per their product category. Get advanced reports of your buyers and sellers to make intelligent decisions for your store. This way, you can make your store successful in the entire eCommerce business world. In addition, get a graphical view of the reports and an instant report view feature in the dashboard for better store management. You have the option to filter to optimize report duration and get reports of particular products. Enhance your store with intelligent decisions by accurate reports of the store.
Let’s now check the best Magento 2 extensions available in the market that offer the above benefits.
Which are the Popular Magento 2 Extensions?
There are several Magento 2 marketplace extensions available in the market. Here’s the list of popular and essential Magento extensions.
- Webkul – It’s a multi-vendor marketplace extension offered by Webkul company.
- LandofCoder – It’s a store of LandofCoder that offers extensions to companies.
- Magenest – It’s a marketplace extension offered by Magenest company.
- CMSmart– It’s one of the leading eCommerce companies that offer add-ons for open source platforms.
We hope integrating any of these extension marketplace extensions will take your eCommerce store to the next level. So, you can make effective decisions, easily vendors and product management, and have complete control of your eCommerce store.
So, in this blog, you learned about the benefits of multi-vendor marketplace extension. If you are planning to upgrade your eCommerce store, contact us. We are a leading online marketplace software development company. Get in touch with us to build an upgrade or build custom eCommerce marketplace software for your business.