Managing inventories, product descriptions, regular updates, etc. can be a burdensome task for e-commerce owners running large-size online stores. But, creating a multi-vendor marketplace can relieve you from the stress associated with handling the aspects of an e-store. When it comes to setting up such a marketplace, WordPress proves to be the most befitting choice.
Thanks to the tons of pre-built themes WordPress offers, you can easily carry out the WordPress theme development process for setting up a multi-vendor marketplace in no time. Besides this, you can find several plugins that enables you to embed enhanced functionality in your multi-vendor e-commerce model. This post will help you provide valuable insight on what is a multi-vendor online store and what is its use. In addition, you’ll learn about the tools (i.e. themes and plugins) that can be used for building such an online store.
Multi-vendor E-store – An Overview
A multi-vendor online store serves as one stop destination for multiple vendors, where they can display their products for sale. One of the most popular example of a multi-vendor online store is Amazon.com – though the products are sold by Amazon – many other vendors or traders from around the world can sign up and list their products they want to sell on Amazon.
So, while selling you own products on the store that are managed by your company, you can setup a marketplace where multiple sellers can display their products and manage all the tasks of the online store as per their own convenience and requirements.
Why You Should Create a Multi-vendor Marketplace Anyways?
Some of you still might be wondering why you need to setup an online marketplace containing multiple vendors? This is simply because creating such as online marketplace serves as an effective tool to generate good revenue online. Let’s now look at some other key benefits of creating a multi-vendor online store:
Help You Earn Profits: You only need to setup one common platform – where vendors from around the world can list their products – without having to go through the hassle of building your own store. And, the best part! You can even take a part of the profits or charge a fee to the vendor using your platform for selling their products.
Reduce Expenses: Since each of the seller will handling their store on their own, you don’t need to employ people for store maintenance. This helps in bringing down the expenses related to website maintenance. Moreover, this give enough time to your team to look out for ways, for expanding your business reach.
Accelerate Your Growth: Another great benefit you get by creating an online marketplace is the boost it gives to your e-commerce business. Unlike any standard e-store, you don’t just have a few products to list in your site. In fact, you can invite vendors to join your online store and turn it into a full-fledged marketplace selling different variety of products, instead of only a few products in your inventory.
This eventually helps in promoting your marketplace to online buyers spread far and wide.
Hope that till now you would have developed good understanding of multi-vendor marketplace and why you need to create one. So, let’s proceed and have an overview of the tools that proves beneficial for building a WordPress powered online marketplace.
Tools to Build Multi-vendor Online Store In WordPress
1. Dokan Multivendor (Lite)
This a great WooCommerce multi-vendor plugin that helps in starting up an online marketplace in just a matter of a few minutes. This plugin comes loaded with a rich set of features, such as:
Helps individual sellers to start their own independent stores.
Since sellers get their own dashboard, they don’t need to visit the main WP admin area and can manage all of their products as well as order directly from the front-end.
From each sale made on the marketplace, 20% goes to the owner and more.
This is one of the finest WordPress theme that suit your needs to building a multi-vendor marketplace, where users sign-up and can start selling their digital and physical products. The best aspect about this theme is that it works in tandem with Easy Digital Downloads (a free WordPress plugin) and the plugin bundle, giving you the ability to create marketplaces that can sell digital products like photographs, audio files, videos, etc.
What’s more? You can enjoy several other great benefits by using the plugin bundle (plugins extensions that are sold separately). For instance, you can opt for the “Social Login” extension to simplify the registration process.
This is another great WP theme that helps in building a professional-looking online marketplace fully-loaded with tons of e-commerce features. It comes integrated with the WooCommerce plugin, enabling you to manage your inventory and shopping cart features.
The theme helps in extending the default WordPress, as users can edit the profile fields, add favorite products, and so on. Most importantly, it helps to edit settings without having to switch to the WordPress back-end.
Let’s Wrap Up!
Hope that this post will prove resourceful in helping you understand the need of creating multi-vendor marketplace and tools you can use to achieve such an objective. However, there are many other tools (i.e. Plugins and themes) available online, you can choose to create your own WordPress e-commerce marketplace.
Sophia Phillips is a WordPress developer working at WordPrax Ltd.- WordPress web development company. And she also loves writing blog providing useful information about WordPress best practices and benefits it provides.