Marketplace Archive

Why do you need a Multi-Vendor Marketplace in 2021?

A multi-seller Marketplace is entirely different from an online eCommerce store. A Multi-Vendor Marketplace success depends on both store admins and sellers. A store admin is responsible for website development and seller management. Sellers on the other hand are responsible for their profiles and inventories. In a Multi-Vendor Store instead of the store admin, multiple …

5 things you must know about Marketplaces vs E-Commerce

The marketplace is the new wave in the business industry while eCommerce has been a part of the business world for two decades. Most people think that selling over an online marketplace and eCommerce are the same things. In reality, the marketplace and eCommerce have a few similarities like the digital platform, of course, both …

How does Commission Model work in Magento 2 Multi-Seller Marketplace?

There are various revenue models popular for the online marketplace and the most effective one is the Commission model. The online marketplaces are considered superior to classic eCommerce websites owned by the individual seller because the marketplaces are a major source of passive income. Marketplaces have a strong network which makes them more potent as …