If you’re planning to establish a multi-vendor marketplace eCommerce store, you’ve absolutely made the right decision.
Post COVID-19 Pandemic, many physical store owners have built online stores to enter the eCommerce market.
But, multi-vendor marketplace stores have realized maximum benefits throughout the Coronavirus Pandemic.
A multi-vendor marketplace store offers diverse features that benefit not only the store owner but also sellers as well as customers.
And the best part is, you don’t have to add many third-party extensions. The RocketBazaar Magento Multi Vendor Marketplace Solution is a fully-equipped marketplace platform that is easy to install and allows you to build a feature-rich marketplace store like Amazon, Flipkart, etc.
In this post, we’ve highlighted some of the best benefits of building a multi-vendor eCommerce store in 2022.
Benefits of Building Multi-Vendor Marketplace Store
A multi-vendor marketplace store comes with a complete package of all necessary features and functionalities that helps to accelerate your business potential as well as revenue.
Following are the top benefits of a multi-vendor eCommerce website.
1 – Easy Return & Refund
Online stores that do not provide an option to return purchased items usually make customers dissatisfied, which leads to a permanently lost customer.
However, a multi-vendor marketplace not only lets its customers raise return or replacement requests in the smoothest way possible, but it also does so even if a customer has purchased several products from different vendors and needs to return a product of a specific vendor.
This, in turn, leads to providing the best customer experience, increasing the chances of them returning to your store for future purchases.
2 – Bulk Products Upload
Product upload is the most time-consuming & tiresome process when starting an eCommerce store.
However, a multi-vendor marketplace store can replace this entire process with bulk products upload which can save a lot of time & effort.
All a seller needs to do is upload his/her product list in a .CSV file and upload it using the bulk products upload feature. This will upload and enlist all products in a matter of just a few clicks.
3 – Run Multiple Deals
In addition to bulk products upload, a multi-vendor marketplace store also allows sellers to create multiple deals with the aid of discount coupons.
The coupons will help to encourage customers to purchase more products in order to take advantage of the deals.
In addition, sellers can also add their shop logo, banner, and custom content on their individual seller page for enhancing their brand awareness as well as engagement.
4 – Single Invoice
One of the fantastic functionalities that come in a multi-vendor marketplace is its invoice management.
The invoice management functionality in a multi-vendor marketplace store is so simplified that even if a customer has bought several products from different sellers, there will only be a single invoice for the entire order placed in one go.
This, in turn, will eliminate the need to generate too many invoices for separate sellers, which could get really confusing for both you as a store owner as well as for your customers.
5 – Sellers Can Go on Vacation Mode
If a seller wants to take a break, then a multi-vendor marketplace store allows sellers to do that.
To go on vacation mode, the seller only needs to raise a request to temporarily disable their marketplace store and the marketplace owner can so from the admin panel.
This request can be submitted via the seller’s dashboard and after the admin’s approval, the seller’s profile will become inactive for a predefined period of time.
Summary
So, these are the top benefits of a multi-vendor marketplace store.
We hope that you found this post helpful. If you have any doubts, please ask them in the comments below.
