PrestaShop marketplace multi vendor - tool & benefits

What is marketplace multi vendor? A multi-vendor online marketplace is a platform which allows multiple vendors (sellers) to create their online stores (profiles) and put up different products for sale.

One of the differentiating features of this marketplace type is that the platform is managed by the only administrator, most commonly - a marketplace owner. Thus, this person provides a single roof for multiple sellers to sell various goods to the customers worldwide.

Today, marketplace multi vendor is growing stronger and stronger, you can easily build a multi vendor marketplace on many platforms and Prestashop is one of them. To turn Prestashop into marketplace with simple set up steps, PrestaShop Marketplace Builder that allows sellers to list their products for sale and pay a percentage fee amount for each sale or a membership fee. So what are benefits that PrestaShop Marketplace Builder module offers:

Advantages for a buyer at a multi-vendor marketplace:

• A huge variety of online stores which provides with an opportunity to compare the prices and select the product that meets their needs and preferences
• One-stop shop. No need to visit multiple vendors’ websites, thus a multi-vendor marketplace provides consumers with the best user experience and convenience.
• An opportunity to establish a long-time trading partnership with a particular vendor. Consumers can agree upon the price, quantity, terms of delivery, etc.

Advantages for an owner of a multi-vendor marketplace:

• Multiple vendors create numbers of online stores thus attracting many customers to the website.
• Huge traffic from around the world which gives an opportunity to generate a big amount of sales (in case of a global marketplace).
• No need for inventory maintenance and management, as it is done by vendors.
• Ability to charge commissions on the products and services sold by the vendors.
• Earn commission whenever a product is purchased successfully. You can also charge sellers for a monthly fee, quarterly fee, yearly fee or one-time fee.
• PrestaShop Marketplace Builder gives you the ultimate control of your marketplace: You can manage sellers, seller products, seller orders, seller commission, withdrawal requests, etc.
• Detailed statistic charts and helpful information on dashboard: provide an overview about your marketplace’s activities.
• Easy for customization, works perfectly with any PrestaShop themes, even the custom ones!

Advantages for a vendor at a multi-vendor marketplace:

• Much smaller risk of creating a small online store on a multi-vendor platform compared to the traditional store. Small-scale sellers have a possibility to start with minimal investments.
• No need to find the buyers. The huge incoming marketplace traffic provides with a big number of customers.

• Full-managed PrestaShop marketplace for sellers, seller is provided with every feature they need on their seller account to run a successful business such as:

• Easy and quick to list products,
• Automated order fulfillment system (manage order, shipping, auto emails, etc.)
• Easy to manage seller fees and commission, manage invoices.
• Easy to communicate with customer though convenient message system.
• Seller can withdraw their balance to their bank account, PayPal, Skrill, pay for orders or convert balance into voucher codes.
• Statistics dashboard
• And many more useful features.

As you see,  Marketplace Builder is the best PrestaShop marketplace module (multi vendor module) to convert your online store into a marketplace so that multiple sellers can list their products on your marketplace and in exchange you can charge a fixed percentage fee amount for each single order they get or require sellers to pay a membership fee (monthly fee, yearly fee, one-time fee, etc.). You can easily download this module by click on the link: https://addons.prestashop.com/en/marketplace-creation/32443-marketplace-builder-multi-vendor.html .