Best Multi-vendor E-commerce Marketplace Software to Run Multi-vendor Store

With the massive popularity of websites such as Etsy and ThemeForest, multi-vendor eCommerce marketplaces have become a popular method to market both digital and physical goods.

Clients are happy because they get to choose from a wide selection of products from several vendors, and you’re happy because you have to charge vendors a commission. However, multi-vendor marketplaces require some unique functionality, meaning that you require specific software if you would like to produce your multi-vendor market.
We have already covered the best eCommerce platforms, so today, let us look at the best platforms for multi-vendor eCommerce marketplaces as they relate to the vital criteria of a good marketplace shop.

Essential attributes of multi-vendor marketplaces

If you want to create a successful multi-vendor eCommerce marketplace, you’re likely to want these features, at least: Third-party vendors will need in order to register and make their product listings. If it’s difficult for vendors to list products, they will go someplace else. They also desire their profile site to showcase those listings.

Quality hunt feature

Search is obviously essential for eCommerce, however for multi-vendor marketplaces, it’s doubly important. Customers have to be able to obtain what they need in a sea of third party products (think how busy ThemeForest search could get!) .

Easy testimonials

Because you’ll have multiple vendors, clients will need in order to easily review sellers and goods so that sellers can set a reputation.

Some marketplaces are limited to digital or physical products. You’ll want to pick the option that fits your goals.

Capability to charge a commission

Since the owner of a market, you’re generate earnings charging a commission. Your platform needs to not only allow this but also make it simple for you to handle payments so that you don’t get overwhelmed.
Price

There are some huge variations in price for multi-vendor marketplaces (such as WordPress and otherwise), which means you will need to carefully weigh the platform’s price vs. its attributes when picking one.

Now, let’s take at the 5 finest platforms for multi-vendor eCommerce marketplaces (in no particular order):

Meiosis is a favorite WordPress theme that integrates tightly with Easy Digital Downloads to make multi-vendor marketplaces for electronic products. It’s cheap price-wise and simple to use thanks to its recognizable WordPress interface.

Meiosis makes it effortless for vendors to enroll with a simple form. Once approved and registered, vendors can submit their merchandise listings in the front-end – so that you do not need to be concerned about forcing sellers to utilize the generic WordPress dashboard.
Vendors will also get their profile page which lists All their products plus a short biography:

Meiosis lookup functionality:

The basic Mayosis search function is fairly bare-bones. Users can search by keyword and then type by category:
But, if you purchase something like Search & Filter Guru, it is possible to greatly extend this functionality.
Meiosis review system:

Verified clients can easily review goods by means of a front-end form. Meiosis automatically adds schema markup to all reviews and sellers can quickly view all their testimonials from their dashboard.

Meiosis digital or bodily products: If you’d like to sell physical products, you’ll need a different platform.
*You can use EDD to sell a few physical goods in a pinch – that is not what it’s best suited to.

Meiosis lets you set commissions for your entire shop, as well as custom commissions for individual vendors. Additionally, it creates a.CSV of all unpaid commissions that you are able to upload to PayPal’s mass payment method to make paying commissions simple.

Meiosis pricing:

The Meiosis motif itself prices $64 in ThemeForest. BUT, if you want a functional marketplace, you’ll also need to purchase the Easy Digital Downloads Professional Pass for an extra $299. The Professional Pass gets you to access to each of the market functionality, as well as all the superior EDD payment gateways.
Overall, you’re looking at $363 for your own motif plus essential Easy Digital Downloads functionality.

Author Bio:

Salman Ahmed is a Business Manager at Magneto IT Solutions – an eCommerce development company in Bahrain that offers quality b2b eCommerce solutions, Magento development, android app development, Magento support, mobile app development services. The company also offers eCommerce solutions for the grocery store at a very affordable price. He is a firm believer in teamwork; for him, it is not just an idea, but also the team’s buy-in into the idea, that makes a campaign successful! He’s enthusiastic about all things marketing.