Importance of PrestaShop Marketplace Addon for your eCommerce business

Having an online marketplace enable the admin to boost both the sale and traffic of the store. A multi-seller marketplace with multiple third-party sellers offers an “N” number of goods to the users. At a Marketplace, customers get a variety of products to choose from and that too at a single platform. A Multi-vendor Marketplace owner in return for a fixed amount of commission allows the sellers to sell their services/ products. The amount of commission charged by the store owner at the marketplace can be both global as well as individual. Sellers at a Marketplace doesn't need to worry about the development of the store. All they need to do is focus on their inventory, orders and shipping services.

A PrestaShop addon, by Knowband, can upgrade the eCommerce store into a fully functional Marketplace in 3 simple steps. Using the PrestaShop Multi-Seller Marketplace module a store owner can effortlessly allow multiple third-party sellers to sell their goods at the store. The Multi-Seller Marketplace addon offers mobile apps support. Using the PrestaShop Mobile app addon, the store owner can provide both iOS and Android apps to its customers. Thus using the apps the store can bring their online store to the customer's fingertips. Thus Multi seller marketplace addon helps the admin to catch the customer attention thereby decreasing the bounce rate.

PrestaShop Multi-Vendor Marketplace Addon: https://www.knowband.com/prestashop-marketplace

Major Highlights of the PrestaShop Marketplace Addon are:

1. PrestaShop Multi-Seller Marketplace enable the admin to list a variety of products at the store.
2. Listing a range of products enables the admin to catch the customer attention thereby driving maximum traffic to the store.
3. Multiple third-party sellers can get their store registered at the Marketplace by following a simple process.
4. Both seller and admin have a separate dashboard to manage and monitor their profiles.
5. Inventory, shipping services, pricing, new category requests, social profile links etc can be easily updated by the vendor from the individual dashboards. However, in the marketplace roles and responsibilities are clearly defined thus making it easy for the store owners to manage.
6. In a marketplace, every vendor can manage and monitor their own orders and inventories. Low stock alert if the Marketplace keeps the seller notified about the low stock and thus helps the seller to keep the inventory updated.

Customers benefits from PrestaShop Multi-Seller Marketplace Addon
1. Multi-Vendor Marketplace offers a variety of options to choose from. Offering a wide range of products increases the customer retention rate.
2. Availability of multiple shipping services and payment options of the online store makes the shopping experience smooth for the customers.
3. Provision to share the reviews at the front end of the store increases the transparency. Customers reviews and ratings available on the product page increases the conversion rate.
4. Multiple payment options available at the Multi-Seller Marketplace makes the checkout process smooth.

Seller Benefit of PrestaShop Multi-Vendor Marketplace Addon:

1. Vendors listed at the PrestaShop Marketplace need not worry about the website development and maintenance.
2. Sellers can add custom shipping services from the seller dashboard. Simplified shipping services reduces the extra efforts and offers a hassle-free shopping experience.
3. Sellers enrolled at the Marketplace can keep themselves updated by keeping an eye on other registered retailers.
4. Marketplace offers third-party sellers a global exposure to sell their goods to a wide range of customers.

Store admin benefit of PrestaShop Marketplace module:

1. Store admin can charge the seller commission for listing products at the Marketplace. Store admin can earn a commission for each order placed. Store admin can charge global or individual commission on sellers.
2. The newly added feature of the PrestaShop Multi-Seller Marketplace offers an additional source of income to the admin. Sellers need to buy the subscription service plan to list and sell the goods at the Marketplace.

For further information refer to the below links:
http://www.knowband.com/blog/user-manual/prestashop-marketplace/

For any doubt or discussion related to PrestaShop Multi-Vendor Marketplace, feel free to contact at support@knowband

E23, Sector 63, Noida - 201 301, UP, India

Knowband, an eCommerce company offers amazing plugins for platforms like Magento 2, Prestashop, OpenCart. One of the best selling plugins are Marketplace, Mobile app builder, One-page checkout, Spin and Win addon and so on.

This release was published on openPR.