The demand for online stores are rapidly increasing and store owners are looking at various ways to make the buying experience more seamless, efficient and convenient. One of the latest trends in the ecommerce space is to convert your single point ecommerce store into a multi-point marketplace. However, managing a marketplace with numerous vendors is no child’s play. Lapses in proper management may lead to the loss of customers and financial showdown. Thereby, to make marketplace management easier, varied ecommerce extensions are available to help you with the smooth transition. One of the most beneficial and highly rated ecommerce software module available in the market is the Magento MarketPlace Multi-Vendor Extension. This extension effectively enables the business owner to run his business across a successful ecommerce platform, with a premier multi-vendor portal management system. Several vendors and their products can be tracked and managed from one place - the marketplace platform.

Vendors are looking at ways to reach their products to prospective customers. They are keenly eyeing marketplaces to market their products and sell their goods. Few of the top notch branded marketplaces include Flipkart, Amazon, Ebay etc. The benefits of a marketplace scenario are aplenty. The marketplace enables more vendors to sell their products thereby increasing the availability and choice of products that are in demand. Marketplace creates a space where more customers can buy their desired products from a plethora of choices and vendors have the opportunity to reach out to more customers. It is a win-win situation for all parties involved, the owner, the vendors, as well as the buyers.

Key highlights of the Magento Marketplace Extension include:

• Management of Vendors - Admin can add, edit, delete, approve and disapprove the vendors. Various vendors can register and sell their products, provided the Admin approves.
• Management of Vendor Products - Admin can approve/disapprove/view the different products submitted by different vendors.
• Management of Commissions - Admin can pay the commission payments to the vendors individually or through bulk pay. Admin can pay commissions by fixed or percentage type for each seller, product and product category.
• Communication - Control and configure all aspects of customer & vendor communication and interaction.

Over 200,000 online store owners are raking in the vast benefits provided by this Marketplace Extension, with several others diligently adapting it into their own businesses. The extremely user friendly interface of the MarketPlace Extension can be easily navigable and used by store owners to manage the varied sellers, seller products, commissions, payouts etc. This Magento Extension software absolutely simplifies multi-vendor management to another level, enabling complete management of the multiple vendors functioning as part of your eCommerce store.

With time, the Magento Marketplace Extension has definitely proven its mettle in the ecommerce world and incredibly continues to do so. If you haven’t reveled in its glory yet, take advantage of it now and power your online business!