E-Commerce with its large potentiality opening doors for
business opportunities across the globe. One can get maximum benefit out of it
with best outreach. But the question arises here, how beginners can increase
their market share? Most of the beginners are generally not having large number
of products to offer. Therefore there is a need to find source which fulfil this need.
One easy solution for this problem is the extension explained below. Magento themes and extensions are considered
as one of the best open source Content Management System tools, which enables
one to upgrade the e-commerce website with the advanced features.
Magento Market Place Extension is one of the magento extensions, which enables an e-commerce
vendor to create their profile and in return sellers will pay fees or
commission and an e-commerce vendor can earn additional revenue
by using market place extension. In this way an e-commerce vendor can create
virtual market place by creating group of the sellers.
Working of market place extension includes following parties,
1.
Sellers
Activities
Sellers are the members of the
market. In market place extension every individual seller is provided
a specific profile and also URL as per seller’s choice. Market place extension
enables sellers to,
- Manage and Update their profile
- Assign category and subcategory to the product
- Display available inventory
- Set the shipping price for every product
- Manage Banners, Catalogue, Shop logo, and can or remove the products from the list
2.
Admin
Activities
Admin at Market Place extension can be the centralize
authority to handle all activities of Market Place described as follow,
- To authenticate seller’s account before activation
- To control the approval or disapproval of products
- To manage details of products as well as sellers
- To manage individual commission rates for individual seller
- To moderate the products added by sellers
3.
Customers
Activities
Customers are the individuals who
will get the maximum benefit out of market place extension. It provides benefits like,
- Wide range of products
- Can purchase from any seller
- Can check the availability(stock) of product
- Can provide feedback about specific product
Thus, this way market place extension helps e-commerce vendor to grab more customers and earn more revenue.
Here, at Xhtmljunkies we are providing various E-Commerce and Web Development solutions with
the advanced tools like Magento, Wordpress, Joomla, etc. And have created the large
group of Valued Clients by providing excellent service and 24/7 support.
In progress of Magento e commerce Magento Extensions are playing important role. And as migration towards Magento 2, I would like to suggest some of Magento 2 extensions with free extensions.
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