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Be the multi vendor Marketplace owner | Knowband

09-15-2020 05:04 PM CET | IT, New Media & Software

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Multi vendor MArketplace by Knowband

Multi vendor MArketplace by Knowband

A marketplace provides store admin the platform to enhance their sale and decrease the bounce rate. With Multi vendor Marketplace by Knowband store owners can allow multiple sellers to sell their services and products. Store owners can earn commission by charging registration commission and per product sale commission. Multi seller Marketplace extension by Knowband offers compatibility with mobile apps, thus bringing the marketplace at the tips of customers. With Multi seller marketplace addons, store owners can allow vendors from anywhere to sell their unique stuff at the same platform, which in turn will catch the customer attention thereby enhancing the customer retention. Interactive UI, easy registration process, user friendly dashboards and mobile app compatibility are some of the top features of Multi seller Marketplace module by Knowband.

Before diving deep into features, let's have a look at the main advantages.

Advantages of that Multi seller Marketplace module by Knowband
1. Availability of a wide field of products: Marketplace like Amazon, Etsy gather large customer attention because of the variety of services and products they offer.
2. Enhanced traffic : An ecommerce store built with multi vendor module extension will drive maximum traffic to the site.
3. Automation: Managing inventory, shipping, pricing and other services requires lots of efforts. However in a marketplace roles and responsibilities are clearly defined thus making it easy for the store owners to manage.
4. Easy Inventory Management: In a marketplace, every vendor is responsible for managing their own products and inventories thus reducing the challenging task for the store owner.

Benefits for Customers:

• Variety of options available at a single platform provides online buyers the greatest advantages.
• Easy Checkout, multiple shipping options and payment options of multi seller marketplace reduces the time and efforts of online buyers thereby providing a hassle free shopping experience.
• Wide range of products allows the buyers to compare a wide range of products.
• Seller reviews and product reviews available at the marketplace makes the deal more easy and quickly.
• Marketplace offers Multiple payment options thus making the checkout process more easy.
Benefits for Sellers:
• Cost Minimization: No need to launch their own websites. Vendors need not to worry about the web development and maintenance.
• Simplified Shipping: Marketplace with its own simplified shipping services lessen the sellers extra efforts for Shipping management.
• Growth in business: With competitors running on the same platform, it becomes easy for the vendors to follow the latest trends by keeping an eye on other retailers.
• Exposure: Marketplace place with its wide range of customers and multiple number of sellers is a profitable platform for small shops / newcomers. As they will get the opportunity to sell their goods / services globally.

Benefits for Owners:
• Commissions: For enrolling a seller owner can earn the commission. For each product sold on the marketplace, sellers can earn the commission.
• Membership plan: Store owners can earn by setting the member ship plan for their marketplace to define the duration for which a seller can sell their goods.
• Flexibility: Store owners have the choice to set a flat fee or percentage of price on the commission.

For any doubt or support, feel free to contact support@knowband
E23, Sector 63, Noida - 201 301,
UP, India

Knowband is a well known company in the field of ecommerce. Knowband offers extensions for various platforms like Magento 2, prestashop, opencart, woocommerce, shopify

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