Top 5 eCommerce Platforms for Creating Multi-Vendor Marketplaces
The success of Amazon, Ebay, and Etsy like online eCommerce stores have made the multi-vendor marketplaces famous worldwide. It enables people to sell goods to the customers at their doorsteps. Vendors register themselves on these platforms and then sell their products through these eCommerce stores. The success of these online stores has encouraged many entrepreneurs to start a robust multi-vendor marketplace. However, such development needs a right eCommerce platform that can handle numerous vendors with their many products without any hassle. Many eCommerce development platforms offer to create online multi-vendor stores, but only a few of them provides the best user experience.
How to choose the best online multi-vendor marketplace?
Check the below essential features that every robust multi-vendor marketplace should offer:
- It should have an open and straightforward registration process for the sellers
- Proper navigation functionality is a must for handling countless products
- It should provide customer convenience to write & edit reviews and ratings for the products they purchase
- The payment process methods used in the platform should be simple, secure, and safe to protect the money of the user
Top 5 eCommerce platforms for creating an online multi-vendor website
1. Magento with Marketplace
Magento is an open-source eCommerce platform similar to WordPress. By using the Marketplace extension, Magento can be a fully-functioning multi-vendor online marketplace solution. This extension allows multiple vendor profiles on the website to log in and manage their data. They can edit their product information, images, logos, and more through the user-friendly dashboard. Moreover, the admin can customize the commission plan for every vendor using the Marketplace extension. The Magento eCommerce platform is priced $349.00 for the Marketplace extension. The Magento Community Edition is available for free. More than 4400 other extensions with individual prices are available on the Magento platform for the users.
2. WordPress with Marketify
WordPress is a free, open-source CMS that helps to create stunning websites as per the user purposes. The Marketify theme in WordPress helps to build a multi-vendor system quickly. This beginner-friendly theme is affordable and comes with excellent support from the theme creator. This fully-customizable theme contains the drag-and-drop interface which allows the admin to edit the pages visually. It has a simple vendor registration feature to enable new sellers to register themselves easily. Once the admin approves their applications, they can upload and manage all the product related data from the front-end. The admin has to pay $69 for the Marketify theme, which also includes 1-click demo importer, automatic updates, and long period technical support.
ShareTribe is a fascinating online marketplace builder which helps users to create multi-vendor websites. It also helps to build an online marketplace for services and rentals that makes it unique from the other eCommerce solutions. The easy setup process and global payment methods like PayPal make ShareTribe even more popular. There are four plans to choose from to create a multi-vendor marketplace with no setup or transaction fees and anytime cancelation facility. The hobby plan allows having 100 vendors by paying $79 per month, while the scale plan allows managing 100,000 members for $239 per month. The admin can also build a custom landing page by paying a monthly fee of $99. The 30-day free trial provides a full overview of the marketplace.
Shopify is a popular platform that converts an eCommerce shop into a multi-vendor store. Its drag-and-drop design allows users to manage functionalities quickly & easily. It will enable users to add unlimited vendors and products. Product management is straightforward, and users can even synchronize products from other eCommerce stores. Shopify contains global commission, category-based commission, and individual vendor commission plans. The basic Shopify plan is billed $29 per month, and advanced plan costs $299 per month with a 14-day free trial. The multi-vendor marketplace app costs $10 per month.
5. CS-Cart Multi-Vendor Edition
CS.Cart is a robust eCommerce software which allows users to sell their products on a self-hosted platform. The CS-Cart Multi-Vendor Edition helps to create a full-fledged multi-vendor online marketplace. After the successful registration, vendors can access the dashboard to view statistics, order details, income status, tax details, and more. Adding product information, including pricing and quantity, is quite easy. It has a simple commission process for each vendor, which will be managed by the admin. Moreover, admin doesn’t need to pay for monthly subscription plans as CS-Cart is available for a lifetime with a one-time price starting at $1450.
Each of the above online marketplace solutions has a unique selling point. Choosing the right multi-vendor software or tool is vital to scale your business most beneficially. Users can pick up the most-suitable eCommerce platform depending on their business size, budget, and technical expertise.
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