Magento marketplace is the next-generation online store. It’s a great way to boost sales and profits while doing eCommerce.
Just look at some popular marketplaces such as Amazon, eBay, Etsy, and Alibaba. They are on a global scale and have millions of active buyers and sellers every day.
So in this article, we will suggest 7 best Magento 2 marketplace extensions to turn your website into an automated online marketplace.
What is Marketplace in Magento?
First of all, you need to understand the definition of the marketplace.
A marketplace is an eCommerce website that connects multiple sellers and buyers. It allows them to conduct transactions and exchange goods and services.
In contrast to traditional eCommerce websites where a single seller offers products or services, a marketplace facilitates transactions between various 3rd vendors and customers.
So a marketplace in Magento is a marketplace website built on the Magento platform.
By using the Magento marketplace extension, you can let other merchants and vendors use your website as their own e-store.
Benefits of Magento Multivendor Marketplace
There are several benefits of a Magento marketplace website.
Diverse product range
With multiple vendors selling their products on the same platform, the marketplace can offer a wide range of products, categories, and variations to customers.
It will increase the chances of attracting more buyers.
The marketplace operator can earn revenue through various channels, such as commission fees on sales, subscription plans for sellers, featured product placements, and advertising.
This model allows for multiple income streams.
Multiple vendors on the same platform can drive competition.
This competition among sellers can lead to higher quality products, better pricing, and offers for customers.
Lower setup costs
As a marketplace operator, you don’t need to maintain inventory or directly manage product shipments.
Instead, sellers take care of these aspects, reducing your operational costs.
The marketplace can help your website grow fast.
And since Magento is known for its scalability, you can handle a growing number of sellers and products without compromising performance.
As a marketplace operator, you don’t need to worry about developing and managing individual products.
Instead, you can focus on marketing, branding, and providing a seamless user experience.
Offering a wide selection of products from different sellers enhances customer loyalty.
If customers have a positive experience on your Magento marketplace website, they are more likely to return for future purchases.
A vibrant marketplace can foster a community of sellers and buyers.
It allows them to interact, exchange feedback, and build relationships, creating a more engaging shopping experience.
Top 7 Magento 2 Marketplace Extensions Free & Paid
1. Magento Marketplace Multi-Vendor by Apptha
Apptha’s Magento Marketplace Multi-Vendor extension was a popular solution for converting Magento stores into fully-fledged marketplaces.
It provided a comprehensive set of features and tools that allowed administrators to enable multiple sellers to register, manage their own product inventories, and process orders through a centralized platform.
And the best thing is, it’s free!
- Easy to apply multiple filters
- Fast page loading that is appreciated by the visitors
- Vendor-specific URL is allowed
- Sellers can import YouTube videos
- The bulk emailing option is enabled
- The product sold count is visible
2. Multi Vendor Module for Magento 2 by WebKul
This Marketplace Multi Vendor Module is a Magento extension that can turn your Magento website into a complete online marketplace shop.
It allows sellers to manage their product listings, inventory, orders, shipment, profile page, and collection page.
Plus, it supports all Magento templates and themes.
- Sell multiple types of products (simple, configurable, virtual, downloadable)
- Real-time notification to sellers and buyers during order placement
- Vendors can easily manage the order and can generate invoices
- A clean and modern landing page with enhanced UI/UX
- Low stock notification to help in inventory management
3. Magento 2 Marketplace by CedCommerce
Price: Starts at $60
Magento 2 Multi-Vendor Marketplace by CedCommerce is a one-stop solution to build a multi-vendor marketplace website.
It enables you to transform your website into a rich-featured Magento marketplace platform.
With the help of this Magento multi-vendor solution, you can create a website tailor-made that meets all your specific business requirements.
- Innovative UI/UX design attracts more visitors
- Smart inventory management helps you to maintain the stock effectively
- An advanced reporting system gives you a clear picture of your business
- Mobile optimized and can expect more mobile users to land on your page
4. Marketplace Magento by Landofcoder
Marketplace Magento by Landofcoder has flexible features to convert any store into a multi-vendor marketplace.
It is fully responsive and compatible with all major devices, thus providing an amazing user experience for customers.
And sellers can take full control of products in terms of sales, invoices, and shipments.
- Simple review and rating system
- Multiple payment gateways integrated
- Instant vendor messaging system
- Upload multiple products in bulk
- Powerful SEO management
5. Multi Vendor Marketplace by Bigziel
Price: Contact for the price
Bigziel’s Multi Vendor Marketplace module is a great solution for creating your own Magento 2 marketplace website.
Using this module, you can gain access to the comprehensive features of Magento 2 multi-vendor and get complete control of the marketplace.
Moreover, this solution also offers an enriched feature mobile app for both Android and iOS systems. It will snatch more attention from mobile users on your platform.
- Layered navigation extension that speeds up the buying process
- Exclusive mobile apps that support both iOS and Android
- Supports various payment methods
- More filter options that enhance user experience
- Easy to export orders with any shipping and payment method
6. Magento Multiple Vendors by Magenest
Price: Contact for the price
Magento Multiple Vendors by MageNest will transform your Magento 2 store into a marketplace in a systematic way.
The module provides a series of toolkits to attract, motivate vendors, and boost products.
Therefore, it can increase the traffic and purchases for your Magento 2 marketplace.
- Supervise vendors’ orders efficiently
- Fixed commission for each vendor
- Compatible with any type of device
- Online promotion of the product
- Allow vendors to send their questions to the owner of the marketplace
- Allow customers to give feedbacks and rate vendors
7. Multi Vendor Marketplace by Magebay
Price: Starts at $299
This is a Magento 2 multi vendor extension that supports all business models (B2B, B2C, C2C).
It offers all the needed Magento 2 marketplace functionality and it is highly scalable.
This extension can help your store succeed in growing up the vendors within the Magento website.
- Secured messaging between customers and sellers
- Supports multiple languages and currencies
- Compatible with all smart devices
- A powerful dashboard to manage the overall operation
- Import/export multiple products
- Social sharing and promote online promotion of the product
We hope this article can help you determine the most suitable and profitable Magento marketplace extension for your store.
Thanks for reading!