Now leverage the benefits of a marketplace via Magento 2 Marketplace Extension

When it comes to selling online, Marketplace is the first name that comes in our mind. Being a seller, it's important to understand the increasing demand for online shopping and should set up an online eCommerce store. The marketplace is the professional seller community that provides many sellers with a platform to sell their products and earn a huge chunk of profits. Sellers who already sell on the marketplace are frustrated from the standardized rules and regulations set for them so they are converting themselves into a Marketplace owner. Being a marketplace owner makes them free from the responsibility of stock of inventories, or maintaining a warehouse, etc. In fact, admin can charge a commission on the products listed by the seller accordingly while small store owners get a chance to sell on a Marketplace in between a huge number of audiences.

Now the main question arises, how will this come into action?

Knowband offers Magento 2 Multivendor Marketplace Extension which enables sellers to convert their Magento store into a renowned marketplace. It enables sellers to easily convert their store into a marketplace without knowing any coding language or technicalities. Sellers can easily download and install it on their website without any hassle.

Features offered by Magento 2 marketplace extension are as follows:

1. Generate coupons: Seller is been provided with the authority to generate coupons for their products regardless of what other offers been provided by the admin of the Marketplace.

2.Ticket System: Admin can enable ticket system with the help of which customers can directly contact sellers from the front end of the Marketplace via Magento Marketplace Extension.

1. Add social networking profiles: The Magento Marketplace Extension allows sellers to add their social networking profile like Facebook, Twitter, Pinterest, Google Plus, Instagram on their profile from seller’s dashboard.

2. Assign Tax Class: The Magento Multivendor Marketplace Extension allows sellers to assign tax class to the items in order to differentiate taxable and non-taxable products.

3. Display cross-sells and up-sell products: The Magento Multi-vendor Marketplace plugin offers sellers to display cross-sell and up-sell products at the checkout page and product page respectively. This primarily helps sellers to increase the sale of their products.

Some other features offered by Magento 2 Marketplace Extension are:

1.Charge Commission: Admin can charge a commission on the products accordingly listed by sellers on the Marketplace from the back-end itself of Magento Marketplace Extension.

1. Manage Seller Request: Store admin can easily monitor and manage the list of vendors by approving or disapproving sellers request. Admin can also manage existing seller accounts from the back-end of the Magento multi-vendor Marketplace extension. The store admin has full control to view the list of sellers and manage them accordingly.

3.Inventory Management: The products listed by sellers can easily be monitored by the admin by adding or removing products accordingly from the back-end itself of Magento Marketplace Extension.

4.Tracking facility: The admin can easily track the products listed on the marketplace. It even allows admin to approve or disapprove the products listed on the site. The Magento store owner can track the transaction and earn at the button click from the back-end of Magento Marketplace Extension.

5.Email Notifications: The store admin can stay in touch with the sellers via emails. The Magento Marketplace plugin offers an automated interface to the store owner to notify the sellers about the various aspects of the online marketplace. Admin can also use this functionality to send a low-stock notification to the sellers via the Magento Multi-vendor Marketplace module.

6.Shipping Methods: Admin can add or remove the shipping methods and can keep a track on the same. The Magento Marketplace plugin offers the same authority to vendors also to manage their shipping methods. Vendors can also their transaction methods too.