Companies such as Amazon, Etsy, Flipkart, Alibaba, eBay, etc. operate a competitive eCommerce business model with a multi-vendor marketplace that encompasses both b2b and b2c. Not only was this multi-vendor business model strategy popular, but it has also been the most effective model in the history of eCommerce sales.
It is important to think big and go for a major store overhaul when you have a limited number of customer base and sales. Having just a PrestaShop store when there are other players in the race won’t guarantee you full conversions. As there is a golden opportunity to turn your PrestaShop store into a marketplace store, you don’t have to fall behind now.
If you are willing to start a marketplace and want to convert your existing e-commerce website into a full-fledged marketplace then you can do it effortlessly with the PrestaShop Multi-vendor Marketplace extension. With its alluring marketplace benefits and fully configurable features, the PrestaShop Marketplace Module improves your business chances.
#1. Easy Installation:
The PrestaShop Marketplace module is easy to install and configure. It is curated to meet the demands of the store owner, sellers, and customers.
Steps to integrate the PrestaShop Multi-vendor Marketplace into your PrestaShop website:
1.First, Download the Prestashop Multi-vendor Marketplace module from the Knowband store.
2.Second, unzip the module in your Prestashop Store’s directory and locate it for the next step.
3.Third, to install, click on the Install link.
4.Finally, the module is now successfully installed in your PrestaShop store and is ready to configure.
Why you should start a Marketplace?
1. Many customers on one platform
The Multi-Seller Marketplace hosts a number of vendors offering a wide range of products. Customers can buy different kinds of products under one roof. The well-established online setup and a wide range of customers will attract the sellers.
2. Effortless inventory management
Each vendor is responsible for managing its store inventory in an eCommerce Marketplace. Sellers can easily manage the inventory, add products in allotted categories, and manage the inventory from Seller’s Dashboard of PrestaShop Marketplace.
3. Membership Plan
Admin can offer multiple membership plans based on the number of product upload and subscription days. The membership plan feature of the PrestaShop Multi-Vendor Marketplace Addon attracts many sellers and is a way to earn commissions from the sellers other than product wise commission.
4. Easy Management:
The PrestaShop Marketplace Module allows the store owner from the back end itself to easily manage and monitor seller accounts. Using the PrestaShop Marketplace Add-on, store owners can easily access and manage the list of sellers, track orders, and product lists.
5. Seller Transaction:
Using the PrestaShop Marketplace Add-on, store owners can monitor the total transaction process. The admin will verify the entire seller and earnings transaction from the PrestaShop multi-vendor marketplace extension interface. It allows admin to monitor seller earnings and commission earned on every purchase.
6. Compatible Modules:
There are many PrestaShop Marketplace Extensions that are a must for any online store. You can refer to the blog post to know more about the list of most recommended compatible modules. The speed and web loading time will not be affected.
It can be a Herculean task to build a competitive online marketplace website on the PrestaShop platform, but start-up enthusiasts and entrepreneurs can have a smooth sail if they are well prepared with the requisite knowledge and resources needed to build one. Turn your eCommerce store into a cash cow and start earning profit. The Multi-Vendor Marketplace extension is also available for OpenCart, Magento, and Magento 2 Platforms.
For any marketplace, related queries drop us a line or drop an email at firstname.lastname@example.org. Let’s help you embark on your road to success.