Showing posts with label Magento Multi Vendor Marketplace. Show all posts
Showing posts with label Magento Multi Vendor Marketplace. Show all posts

Tuesday 23 May 2017

5 most popular Magento Marketplace Extensions

Magento Marketplace Extensions

List of five popular marketplace extensions for Magento

If you take a look at the biggest eCommerce sites today, you will see that all these are marketplaces. There would be a no bigger example than Amazon, eBay, and Etsy.  

A marketplace provides a two-sided business model where both B2B and B2C operations can be found on a single platform. The marketplace model of eCommerce adds up an additional entity to the whole site structure- The Seller. 

With the ability to provide a huge range of choices to the customers by leveraging the sellers' offerings, a marketplace in today's context is a more successful online business model. While a marketplace owner benefits from the commission earned from the sellers, sellers also get a reputed platform to sell without a need for having their own site.

Marketplace model

Marketplace model of eCommerce explained
Nowadays, some really easy and effective solutions are available that instantly converts an inventory based eCommerce store to a marketplace. These solutions come in the form of plugins and extensions. If you want to turn your store into a marketplace, then simply install a marketplace extension and gain the required functionalities.

In this article, we are going to present a list of 5 popular Magento Marketplace extensions from different developers. You can also treat it as a comparison to decide which extension is better in your context.

1. WebKul Marketplace Multi-Vendor Module

     Price of extension: $ 349
WebKul Marketplace


The Webkul Marketplace Multi-Vendor module when installed on the Magento platform, converts the store into a marketplace site. It adds the support for accepting seller registrations and provides a separate dashboard to the sellers on the front end of the site.

Webkul Marketplace Multi-Vendor Dashboard

The customers are allowed to rate and review different sellers which are finally approved/disapproved by the marketplace admin. Sellers can customize their profile by uploading a shop banner and a shop logo, and add other personal and business details.

For admin, there is a hassle free option to charge commissions on the different bases. Admin can set a global commission rate for all the sellers, or can also set different commission rates for each seller.

On the whole, it is an efficient marketplace extension which is quite popular because of its advanced features.

2. Vnecoms Marketplace Extension

     Price ranges from $ 399 to $ 999

Vnecoms Marketplace

Using Vnecoms Marketplace extension your Magento store will start allowing seller registrations from the front end. Each seller will have his/her separate panel where he/she can:
  • Manage product 
  • Manage sales and sales reports
  • Manage invoice generation from seller side
  • Manage shipping methods and shipping mapping to different products. 
Every seller has the option to customize the seller panel. Good news is, the seller panel is fully responsive. That means sellers can manage their store on the marketplace from mobile devices too.

Vendor sales reporting

The admin has the full access to group vendors in different sets. With this grouping, the admin can set desirable commission rates for each group of vendors. The admin also has the full access to manage transactions.

For accepting the seller registration, the admin can easily create custom vendor/seller registration forms right from the back office itself.

Managing vendor groups

The extension supports 6 types of products to be uploaded on the marketplace.
  1. Simple Product
  2. Grouped Product
  3. Configurable Product
  4. Virtual Product
  5. Bundle Product
  6. Downloadable
This extension is available in different package forms where the package names include- Standard Edition, Custom Edition, and Platinum Edition.


3. Apptha Marketplace

     Price : $999 with one year support

Apptha Marketplace

Apptha Marketplace is another popular marketplace extension in our list. For sellers, it provides a separate panel in the front office which utilizes the default Magento form to register the sellers. That means the sellers can register using the same form used by the customers to register their user account.

The marketplace admin has the access to set different commission rates for different vendors. The admin can also:
  • View live sales updates
  • Approve/disapprove seller registration request
  • Show labels for popular or new products
  • Show a counter that tells how many products have been sold. 
The ‘Our Sellers' header link allows the customers to browse all the vendors on the site separately. The vendor can share store location on Google Map, share overall seller rating, and all the store products on this seller space.

Social login on Apptha Marketplace

The social login, integrated one step checkout, and access for vendors to run deals on the marketplace for their products make this extension unique from the other extensions in our list.


4. Medma Marketplace 

     Price: $ 229

Medma Marketplace

Medma Marketplace is another extension in our list that has the capacity to convert your Magento store into a marketplace. Like the other extensions, it also provides the sellers with a separate panel where they can manage their shop, add products and much more.

The seller dashboard is a highly dynamic page that shows an updated report of the highest selling products, product collections, and seller profile update. The seller can easily upload a bulk of products at a time using CSV product upload feature.

The reviews and rating system on this extension will help you to guide your customers better providing product reviews and seller reviews. Only the admin is allowed approve or disapprove a review.

Marketplace review system in Medma

For admin, the extension provides unlimited functionalities such as:
  • Access to approve or disapprove a seller account request
  • Access to manually or automatically approve a seller account request
  • Access to create different commission rates for different sellers
  • Access to enable or disable seller registration on the marketplace. 


5. Knowband Magento Multi-vendor Marketplace

      Price: $ 219 with free support for three months

Knowband Magento Multivendor Marketplace

Off course, our list wouldn't be complete without mentioning the home team's offering. Our Magento Multi-vendor Marketplace extension is the easiest solution to convert your already functioning Magento store into a marketplace. With the simple installation and user-friendly interface, this extension can be easily managed even by the non-coders. You don't have to be a technical expert to run a marketplace site here. The extension adds various features and functionalities to the Magento store that make it a fully functional marketplace site.
Top features for Marketplace admin:

Top features for seller/vendors
Admin features in knowband marketplace

  • Admin can approve/disapprove a seller registration request
  • Admin can monitor and manage list of vendors
  • Admin has the access to approve/disapprove a seller product upload
  • Admin can set various commission rates for each seller or a global commission rate for all the sellers.
  • Admin can change the order status to update the seller that payment has been done by the customer.
  • Admin can enable/disable marketplace features from the admin panel itself
  • Admin can allow or restrict a seller from uploading products in specific categories
  • Admin can add shipping options for the sellers.
Top features for seller/vendors

features for vendors
  • Sellers can register their account from the same form used by customers to sign up. 
  • A customer can convert his/her account to a seller account anytime by sending a one click request from the customer account.
  • Sellers can manage their profile and upload shop banner and shop logo
  • Sellers get a separate dashboard at the front end itself
  • Sellers can track their sales and manage the orders
  • Sellers can upload multiple types of products supported by the Magento platform
  • Sellers can send category request to admin
  • Seller can show their social link on the seller page on front
The module also supports a number of advanced marketplace features which can be easily acquired by installing the Marketplace addons available for this extensions. You can add the advanced features like:
To conclude 

There are many more magento extensions available in the marketplace. Almost all of them possess similar features and functionalities. The difference is between the price they offer, Number of addons available, and kind of support they provide after sales. 

It's not just about which extension provides more features, it's about which features you actually need and what is the reputation of the developer who has developed it. For example, Knowband Marketplace Extension has been developed by a team of certified Magento developers. Also, make sure the company has the dedicated support team to fulfill the after sales requirements. Moreover, you must also consider the support cost in the long run. So, after considering all these situations, which one do you find best suited to your Magento store ?

Thursday 9 March 2017

Marketplace features that make a perfect Magento Multi Vendor Marketplace



Magento is undoubtedly the best place to start an online store. The abundance the features and functionalities coming inbuilt with a default Magento installation make this platform the first choice of any eCommerce entrepreneur. Magento has been the favorite of online business owners for a long time. Moreover, it's popular sky-rocketed when it evolved itself to acquire the rare B2B functionalities. The new B2B features, provided a base for the third part Magento developers to develop even some more advanced interfaces that are more user-friendly and easier to acquire by anyone.

How Magento Multi Vendor Marketplace fits here?



Magento Multi Vendor Marketplace extensions are the perfect example of the developments that took Magento's B2B feature to a new height. Converting an inventory model Magento site into a fully effective Marketplace site is not an easy task. It's a huge implementation, but when a Magento Multi Vendor Marketplace is delivered to a Magento site owner, it doesn't let him/her about the complexities at all. Just a user-friendly interface for the new added Marketplace structure of the Magento store. That's the efficacy of a Magento Multi Vendor Marketplace extension. 


Here, I am going to discuss the additional features a Magento Multi Vendor Marketplace extension provides to your Magento store to make it a perfect marketplace site. 

Let’s add some sellers to your Magento site- 

The scope for allowing a seller to sell on your website was undoubtedly not present in your Magento store earlier. Now after the addition of a Magento Multi Vendor Marketplace extension, it imparts an interface at the front end for the sellers. Using this interface, new sellers can easily register on your Magento store like all the customers. The difference is, sellers will get a seller panel where they can perform all the seller functions like it's their own website. 

What role the admin has in managing the sellers?-

Now that it's the admin's eCommerce site, it automatically makes him the boss. Whenever a seller will register on the new marketplace site of yours, you will receive a seller account approval request. Here, Magento Multi Vendor Marketplace provides you two options, you can either accept the request or decline it. If you accept the request, the seller will be allowed to upload products on your site from his seller panel. The seller gets a seller panel from where he/she can upload products with all the product details. 

As I said earlier, it's your website so you are the boss. The products uploaded by a seller will not go live until you review and approve those products. Once it is approved, the product gets live and becomes visible to all on your Magento Multi Vendor Marketplace site. 

Let’s receive some order now-

Now, when the Magento Multi Vendor Marketplace has already assisted you in approving your sellers and approving the products of those sellers, it's time when you will receive the orders. Any effective Magento Multi Vendor Marketplace extension provides the visibility of all the approved seller products on the store front. Customers can place an order for any product from any seller on the marketplace site. These orders are received by the marketplace admin as the payment options, shipping options all the managed by the marketplace admin itself. So, how the sellers come in the picture now?

Whenever an order is placed on a Magento Multi Vendor Marketplace site, both the admin and seller can see the order details from their respective interfaces. The role of the admin here is as soon as he/she receives the payment from the customer, he/she changes the order status to indicate the successful payment by the customer. Now, the sellers come to the picture when they have to fulfill the order by shipping the product to the customer's delivery address. 

The Big question- Commission?- 

Commission management is the most important feature that drives the existence of any marketplace site. If any Magento Multi Vendor Marketplace says, it cannot manage the commission, just scrap it and look for a better one. Because you cannot do a marketplace business without managing the commissions. 

A perfect Magento Multi Vendor Marketplace extension manages the commission by:

Providing an option to the admin to set commission rates on different products, sellers, and categories at least. 


  • Admin should be able to set a global commission rate or different commission rates for different sellers. 
  • Admin should be able to easily see how much commission earned on different products or different orders.
  • Sellers should be able to track the commission paid to the admin

So, these are the very basic marketplace functionalities that should be present in any Magento Multi Vendor Marketplace extension you are opting for your Magento store. Missing out any of these basic features would make sure that the particular extension is not a perfect Magento Multi Vendor Marketplace extension at all. I would suggest the Knowband-Magento Multi Vendor Marketplace extension which necessarily has all these features plus a huge range of other useful marketplace features. 

Thursday 29 October 2015

A Magento E-Commerce Plugin That Can Bring Buyers And Sellers At A Single Platform

It would definitely be a great help to numerous buyers and sellers community if your eCommerce store can provide them a single platform for buying as well as selling products online. But, this is not just a wish as now any Magento store can act as a marketplace effortlessly by installing this amazing Magento Multi Vendor Marketplace on their eCommerce store. All this has been possible because of our business organization, Knowband  that has been dealing in the field of eCommerce plugins or extensions for various platforms like Magento, PrestaShop and OpenCart. It is a wonderful plugin for everyone be it the community of buyers, sellers or store admin. Let us explain you why this e- commerce extension has been hugely lapped up by various business organizations of the world.

A perfect place for store admin to explore their creativity- With the help of this plugin, store admin can effortlessly perform various crucial tasks on their Magento store without any hiccups. Here is the list of few tasks that can be performed with the help of this extension without any trouble.

- Seamless monitoring and management of the sellers accounts.

- Power to approve/disapprove any request made by the sellers for adding products.

- Effective maintenance of the commission amount, rates or percentage for the seller community.

- Complete analysis of the seller transactions.

- Easy enabling or disabling of the seller account by store admin through admin panel of this module.

- Impose restrictions on sellers about adding products on the allowed product categories only.

A vast godown of numerous features for the huge community of buyers and sellers- This multi purpose Magento plugin has huge opportunities and features for the vast community of buyers and sellers also. Due to this, buyers as well as sellers will love to engage on this eCommerce platform for improving their business fortunes. Take a look at the various features that are being provided by this Magento module to its buyers and sellers.   

Sellers

- Quick registration of the seller through the front end of the plugin with the help of the “Register as Seller” option.

- Highly user friendly interface for sellers to manage their account profile and product details like quantity, price, product addition and other such features.

- Easy account maintenance for sellers due to the front end login facility.

- Seamless tracking and analysis of the sales information for sellers with the use of graphs.

- Hassle free addition of the banner, shop logo and other custom HTML content on the vendor page under the separate product collection.

- Effective customization of the product category for adding multiple products, special price, enabling/disabling of product and other such actions.

- Interactive interface for sellers for getting easy access to their sales report, income information, revenue per order and sold items.

- Faster integration of the social media links on the sellers page.

- Facility of making category and sub category request through seller admin panel.

Buyers

- Allow buyers an easy access to the sellers list available on the marketplace along with the ratings.

- Easy search facility for buyers to locate sellers.

- Seamless access to the complete details of each and every seller.

- Facilitates quick viewing of the related products from the same seller on each and every product page.

- Effortless transformation facility for buyers to turn into sellers.

- Customizable email subject and body content through back end.

By making a close analysis of the various features and services provided by this Magento marketplace extension to store admin, buyers and sellers, it can be easily interpreted that this eCommerce plugin is a win- win situation for everyone. So, don't wait to transform your Magento store into a marketplace and surf our eCommerce website, www.knowband.com to purchase this module so as to avail its rich benefits for your eCommerce organization.

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