Creating a multi-vendor WooCommerce website will definitely be extra help during the initial phase or a push for the existing ones while making expanding plans. It creates a mutually beneficial community of both sellers and customers
Let’s see what a multi-vendor WooCommerce website is and understand how it benefits budding entrepreneurs.
Creating a Multi-Vendor WooCommerce Website
A multi-vendor marketplace is a shared storefront for a group of sellers on a single eCommerce website. Also, each member of this community can input, edit and control their set of products.
Multi-vendor benefits for marketplace owners
Multi-vendor marketplaces help you form your own inner circle to get answers to their questions and provide support in your growth journey. Business owners can also pass their expertise on to the next generation of entrepreneurs through multi-vendor WooCommerce market places.
An additional income stream
Bringing in people and building communities can actually earn you additional income. You can take a commission from the sales of the vendors whom you invite to the multi-vendor marketplace. It is always better to set a commission rate based on the factors such as the number of products and established audience.
An expanded audience
As new members join your WooCommerce marketplace, they bring new groups of customers. Each seller might use their own social media accounts, word-of-mouth contacts, and their own customer base to promote your marketplace. The more sellers, the more customers for members.
Full control over members
You can be the full owner of the marketplace and can control what needs to be displayed on your site. Therefore, you can shape the branding the way you want by accepting the eligible vendors only. Such vendors can build their own products in the WooCommerce dashboard. However, you can do the quality control of such products by approving the products before displaying.
Automate the payouts for each vendor periodically. The WooCommerce Product Vendors extension helps you to set up automatic payments through PayPal. Thus, you don’t have to be worried about calculating complicated payouts for each vendor.
You can delegate the responsibilities between the designating administrative users who have control over your WooCommerce multi-vendor marketplace. Therefore, your team of administrators can help you carry out the responsibilities such as approving vendors and products, dealing with password issues, and managing featured products.
Multi-vendor benefits for sellers
The vendors have manifold benefits from multi-vendor WooCommerce websites:
Create their own products and control their own inventory
The vendors can have their own access to WordPress dashboard to add products, upload images, set prices, and describe their creations in the most accurate way. Moreover, they can enjoy the freedom to control their inventory to update the availability of the products real time.
In addition to this, with this access, the users can view their own sales numbers and customer information in the WooCommerce dashboard in order to bring to formulated sales and marketing plans from time to time.
Set their own shipping rates
You can also set shipping rates for products so that you can have flexible rates for heavy or bulky products that requites extra transit charges.
Add customer notes
In order to improve the communication, the vendors can send order confirmation emails with delivery details, instructions, or required disclaimers even without full administrative access.
Multi-Vendor WooCommerce Website gives you the flexibility to sell anything. Yes, you heard it right. You can sell physical items, digital downloads, or both. In addition, WooCommerce Bookings, extension allows you to sell consultations and appointments.
So, do you want to set this all up right now?