eCommerce marketplace platforms, especially multi-vendor eCommerce marketplace platforms have disrupted the online retail industry by storm.
During the COVID-19 Pandemic, for example, we all witnessed a massive boom in the eCommerce industry with online sales soaring to 44%, which was the highest ever annual growth in the past two decades.
And multi-vendor marketplaces saw almost equally substantial growth because the overall gross merchandise volume grew by 81% in 2020.
Put simply, multi-vendor marketplace stores represent an astounding opportunity especially post-Coronavirus Pandemic. And this rise is primarily driven because more and more companies across the globe are increasing their product range and expediting cross-border expansion.
So, if you’re looking for ways to enter the online retail business, building a multi-vendor marketplace store is probably the best way to go about it.
What is a Multi-Vendor Marketplace?
A multi-vendor marketplace is basically a large eCommerce store where multiple vendors/sellers can list & sell their products.
An ideal multi-vendor marketplace platform is one that comes with all basic eCommerce features & functionalities and necessary integrations for streamlining and managing your marketplace store operations smoothly.
In this post, we’ve shared the 5 best multi-vendor marketplace solutions that you can consider using for building a successful multi-vendor marketplace store.
Top 5 Best Multi Vendor Marketplace Platforms
Below is the list of top multi-vendor marketplace platforms that lets you manage all aspects of a multi-vendor online store effortlessly.
1. RocketBazaar Multi-Vendor Marketplace for Magento 2
RocketBazaar is the world’s most comprehensive, flexible & enterprise-class multi vendor marketplace solution that is extremely scalable, feature-rich, & allows to build a leading marketplace store like Amazon and Flipkart.
In simple words, it is a complete, fully-automated, & highly-affordable multi-vendor marketplace solution that comes with unmatchable turnkey eCommerce functionalities that allows you to manage vendors & customers seamlessly.
Key Features:
- Vendor portal
- Vendor Membership
- Commission Management
- Vendor Management & Payout
- Smart Search Functionality
- One-Step Checkout
- Intuitive Theme
- Multiple Payment Gateways Supported
Pricing:
Magento 2 Open Source – $1,499 USD
Magento 2 Commerce – $2,999 USD
2. Magenest Multiple Vendors Magento 2 Extension
Magenest’s Multiple Vendors Extension for Magento 2 is another great solution to consider for building a brand new multi-vendor marketplace store or converting your existing eCommerce store into a multi-vendor marketplace store.
The extension comes with a plethora of advanced features and allows marketplace owners to easily manage vendors, customers, their orders, and set commissions.
Key Features:
- Commission Management
- Vendor & Order Management
- Vendors can send questions to the marketplace owner
- Vendor Feedback & Rating
- Customers can buy products from different vendors at the same time
- Multiple Payment Gateways Supported
Pricing:
$249 per year
3. Webkul Multi-Vendor Marketplace Module
Webkul’s multi-vendor marketplace module is highly popular among Magento 2 store owners. It lets you easily convert an existing Magento 2 store into a complete, multi-vendor marketplace store.
You can add multiple vendors/sellers who can further add & manage their products, fulfill orders, shipments, etc. through their vendor dashboard.
Overall, it’s a great option to consider especially if you’re planning to convert your existing Magento 2 store into a multi-vendor marketplace store.
Key Features:
- Vendor Management
- Commission Management
- Product Management
- Order Management
- Multi-Lingual & Multi-Currency Support
- SEO Management
- Multi-Theme Support
- Multiple Payment Gateways Supported
Pricing:
$259 per year
4. LandofCoder Magento 2 Marketplace Extension
LandofCoder’s Magento 2 marketplace extension helps to turn any eCommerce store into a Magento 2 based multi-vendor marketplace store.
Thanks to its mobile optimization & being fully responsive, this multi-vendor marketplace extension makes it possible to display your marketplace store perfectly on all devices and screen sizes.
As a result, it provides a seamless shopping experience and helps to improve sales as well as revenue.
Key Features:
- Fast Marketplace Experience
- Flexible Theme Compatibility
- Advanced Reports
- Powerful SEO Management
- Instant Vendor Messaging System
- Display Customer Reviews/Feedbacks
- Multiple Payment Gateways Supported
Pricing:
$299 per year
5. CMSMart Multi-Vendor Marketplace Module
If you’re looking for a multi-vendor marketplace module that’s best for managing vendors effortlessly, then CMSMart’s Multi-Vendor Marketplace Module is what you should consider.
It comes with a comprehensive admin panel that allows marketplace owners to auto-approve vendors, products, orders, and even offers vendors to up-sell their products.
Key Features:
- Separate Vendor Interface
- Supports All Kinds of Products
- Fixed & Percentage based Commission
- Easy Order Management
- Sales Report
- Vendor Dashboard Management
Pricing:
$799 per year
Wrapping Up
So, these are the top 5 best multi-vendor marketplace solutions available for Magento 2.
Out of dozens of choices available in the market for multi-vendor marketplace platforms, these are the best solutions you can consider using.
However, if you still have any questions or doubts regarding any of the solutions mentioned above, please ask them in the comments below.
And if you need our professional assistance with multi-vendor marketplace store development, feel free to contact us at any time for help.
