It’s well understood that Magento is not only one of the best platforms around for creating Ecommerce webstores, but a prime tool for establishing profitable online marketplaces as well.
And that’s not just profits for whoever builds the marketplace either. A well designed Magento marketplace will help vendors, independent sellers, and store owners all thrive in their own ways.
Vendors will be able to more broadly advertise the reach of their products, and better build their brand reputation both in and out of the Magento marketplace.
Meanwhile, independent sellers can professionally (or even casually) market their own products through digital selling tools that deliver the quality of a fully established webstore.
As for the store owner, while more vendors and independent users flock utilize their digital storefront, their Magento Marketplaces’ total sales conversions and profits naturally increase.
Just think of the most recognizable marketplaces operating online today. While websites like Amazon, Ebay, and Etsy gain sizeable profits from paid services and subscriptions like Amazon Prime, at the end of the day, each earns most their wealth through the vast number of sellers that pay to do business through their platform.
The appeal for well-performing marketplaces isn’t hard to see, and as such, ample tools are available to empower multi-seller platforms. To help narrow down your focus, let’s take a look at some of the best of them.
Comparing 3 of the Best Magento Marketplace Extensions Around Today
Creating an active marketplace via Magento isn’t as straightforward as establishing a default online webstore on the platform. Rather, building a functional and profitable Magento Marketplace requires advanced features that only Magento Extensions can bring.
That said, here’s 3 of the best marketplace extensions for establishing a multi-seller Magento Marketplace.
1. Multi-Vendor Marketplace Extension for Magento 2 by CreativeMinds
This comprehensive extension from CreativeMinds lets users transform their Magento store into a highly scalable multi-vendor marketplace through powerful features and a range of customizable options. As an all-in-one solution, it also allows the sellers of your Magento marketplace to manage their inventory, arrange their shipping methods, and sell their products directly from your website.
Some of the Key Features it Offers Include:
•Automated marketplace store configuration to turn your Magento website into a massive marketplace for online vendors.
•Effortless vendor dashboard panel that lets both vendors and suppliers track and manage products and orders through their own supplier accounts.
•Seller controlled product orders and inventory management to provide users greater control over their price points and shipping methods.
•Option for default or individual supplier fees that administrators have full control over.
…along with an array of others.
Moreover, to ensure the full needs of a Magento Marketplace are satisfied, this Multi-Vendor extension offers additional marketplace modules that can be purchased to further enhance the extension’s features.
From enabling multiple marketplace subscription options for vendors, to adding to powerful dropship notification and inventory updating tools, there’s a range of valuable features to help Magento Marketplaces reach their full potential.
To learn more about what this extension is capable of, check out the CM Marketplace Multi Vendor demo website here.
Base Price: $349 (which includes a full year of extension support)
Vnecoms Magento 2 Marketplace Extension
Vnecom’s marketplace extension operates similarly to the above by providing an encompassing tool that lets Magento users turn their webstores into lucrative multi-user marketplaces through one easy package.
This choice allows vendors to perform their operations through a separate customizable panel to manage their marketplace products, shipments, sales, and invoices from any device. That way, sellers can design a work environment that’s most comfortable and appealing for them when carrying out back-end tasks.
In addition, the platform is designed to market and sell all six different types of pre-defined Magento product categories off-the-bat. Meaning there are settings for Simple, Configurable, Virtual, Downloadable, Grouped, and Bundled products and services.
All the while on the marketplace management end, Magento Marketplace owners can group vendors together, monitor transactions, and even set unique commission rates for each group they designate.
As to Versions and Costs…
Vnecoms’ marketplace extension comes in three different versions, all with a year of free support as defined by their pricing page here.
The basic version comes with everything users need to hit the ground running, but features such as vendor reviews, live chat integration, additional shipping options, and much more won’t be included.
However, it is important to note that those premium features can also be purchased a la cart at a slightly higher rates than their bundled counterparts to allow users the option to pick and choose exactly what they need.
Lowest Price for Basic Version: $399
Highest Price for Platinum Edition: $999
3. WebKul Multi-Vendor Module for Magento 2
Providing a similar, yet distinct, set of features from the other two listed contenders, WebKul’s multi-vendor solution also turns your store into a marketplace with separate seller portals on your website’s front-end interrace.
But unlike some marketplace extensions (like Vnecoms), Webkul also offers vendor reviews as a default feature. Vendors may customize their profiles, shop banners, and logos to distinguish themselves from the crowd, with unlimited product listings available.
Additionally, to a further level of customization and identity, marketplace vendors can also edit their unique store’s URL.
On the administrator’s side of things there’s a variety of customizable back-end management options, including the ability to set unique commission prices for different marketplace vendors.
As to Editions and Prices…
WebKul’s extension comes in two types, community and enterprise, with the enterprise edition offering the choice for a cloud version.
Installation services are available for each version at the cost of an additional $69.80, with 3-month support supplied for free. If desired, options for 6-month support and 1-year support are available at an additional $139.60 and $174.90 respectively.
Lowest Price for Community Edition: $349
Highest Price for Enterprise Editions: $698
Conclusion & Comparison Chart
There’s plenty of good Magento marketplace extensions around, but in the end, it’s bundled toolsets like these three above that will provide the highest performance for Marketplace owners.
But choosing between the best isn’t easy.
Since most these solutions offer the same—or similar—functions, some of the main factors that come down to any user’s choice will end up being cost, and the add-ons that are available to enhance marketplace functionality down the road.
Researching the developer reputation and product reviews of any software before purchase is also always advised, of course. Though if you’re taking our word for it—while some platforms certainly carry more weight than others, these can all be reputable and reliable extensions to use in their own way.
That observation might not make choosing any easier, so as a final note to help reason out your options, here’s a quick comparison chart depicting the extensions and information above.