We are living in a challenging period. To survive in this challenging era, an online presence is a necessity. It is very difficult to survive without going online.
In the past few years, we have witnessed huge growth in the eCommerce industry by creating a website, listing products and creating a marketplace.
The marketplace is the prime option when it comes to the most popular and trending concept. Marketplace accompanied benefits not only for the owner but also for the small vendors and customers. Many store owners have switched to the marketplace from a single vendor store.
The online marketplace brings huge success opportunities that can’t be ignored. It caters necessities of users by providing a large number of products and services at competitive prices.
For small vendors, surviving in the market where big giants have taken the most of the market share is nearly impossible. Marketplace allows small vendors to get register and sell their products to gain great visibility, enhanced traffic and increased conversion rates.
Marketplace offers huge inventory as multiple sellers sell their products. Customers also get benefitted because they get numerous options to choose from at a competitive price.
Opening a marketplace is a great idea from the customer and vendor prospect. But what benefits the marketplace owner get?
Neither do marketplace owners need to worry about the inventory nor about sales and delivery. Marketplace owners enjoy the commission they get for every sale.
Now, which platform is to choose for Marketplace?
Magento 2 is considered one of the best platforms for eCommerce. With Magento 2 marketplace extension you can easily convert your default eCommerce website into a marketplace.