Multi-vendor marketplace stores are on the rise.
According to an Emarketer study, retail eCommerce sales touched over $5 Trillion USD last year.
More importantly, more than 50% of the American retail eCommerce market is dominated by multi-vendor marketplace stores.
All these data clearly prove that the future of eCommerce is indeed multi-vendor marketplaces.
But the important question is, whether Magento 2 is a good platform for multi-vendor marketplace store development or not.
In this post, we’re going to discuss why Magento 2 is an ideal choice when it comes to developing your own multivendor marketplace store.
1 – Ease of Development
Taking into account the statistics mentioned in the beginning, it is clear that businesses nowadays are eager to tap into the multi-vendor marketplace potential.
But, what’s even more interesting is the ease with which multi-vendor marketplace stores like Amazon can now be created. Of course, you can add your own USP elements or introduce your own unique revenue model, but the point is that it is extremely easy to develop a multi-vendor marketplace store on Magento 2 platform.
2 – It’s Simply The Right Platform
Magento 2 is highly reputed for being the most powerful, robust, and reliable eCommerce platform. And in its latest version, there are already some essential features required for a multi-vendor marketplace available by default.
This, in turn, makes it the right platform to build a multi-vendor marketplace store and provide an incredible mix of intuitive shopping experiences while also matching all vendors’ needs.
For example, Magento 2 can handle the comprehensive management of orders and tracking them. It also offers a versatile set of features for inventory management and communication features including order notes, delivery updates, and customer emails.
Below are some of the key advantages you can enjoy by choosing Magento 2 as your multi-vendor marketplace platform:
- High performance
- 50+ payment gateway integration options
- Highly scalable & easy customization
- Easy third-party API integration
- PWA support to achieve sky-rocketing performance & unmatchable mobile experience
3 – Magento is Superior Compared to Its Rival WooCommerce
WooCommerce can definitely be installed and used with more ease when compared to Magento 2 platform, but the latter is simply a better suitable option at the enterprise level.
However, Magento 2 does make a heavy demand when it comes to hosting. As a multi-vendor store needs to have multiple vendors with a large amount of traffic & SKU, Magento 2 platform will demand a dedicated server that is reliable and robust.
WooCommerce, on the other hand, makes minimal demand on the hosting and server environment. But at the same time, WooCommerce is only suitable for building a small online store.
If you’re planning to build a large, multi-vendor marketplace store, then WooCommerce simply won’t be able to handle it.
Magento 2 platform, on the other hand, is created especially for fulfilling every need of an eCommerce store, making it the right platform to build a multi-vendor marketplace store.
4 – Readymade Solution
Magento 2 is a complex and complicated platform and it’s why most Magento 2 merchants hesitate in customizing the code and appearance to turn their store into a multi-vendor marketplace.
Fortunately, there are now a plethora of solutions available in the market that you can simply integrate to turn your Magento 2 store into a multi-vendor marketplace store.
RocketBazaar, for instance, is one such multi-vendor marketplace solution that has helped dozens of brands from all over the world to transform their Magento 2 stores into a multi-vendor marketplace store without making many changes to the appearance and code.
Summary
As you can see, there is no better fit than Magento 2 platform for building a multi-vendor marketplace store today. In fact, the platform’s open-source nature, customization, and performance is one of the main reasons it’s being adopted among merchants as well as entrepreneurs.
In a nutshell, Magento 2 is an ideal platform to fulfill all your multi-vendor marketplace store needs. But, if you’re still confused and need professional help, feel free to reach out to us for Magento Multi Vendor Marketplace Solution.
