Convert your existing WooCommerce Shop into a Multi Vendor Marketplace and allow users to register as vendors and sell their products.
Benefits
Low Operation Cost
In a Multi Vendor environment, the cost of operation would be less compared to a regular Online Shop because the site Admin doesn’t have to maintain inventory since the product inventory will be handled by the Vendors.
Product Variety
When Multiple Vendors register themselves and add their products to the marketplace, the product list on the site will increase and hence the users will have a lot of products to choose from.
Offer Competitive Pricing to your Customers
When multiple Vendors sell the same product(s), the Vendors will start to price their products competitively and customers will purchase from the Vendor who is offering them the best price.
Key Features
1. Single Product Multiple Vendors
You can allow multiple vendors to sell a same product on your Multi Vendor Marketplace
2. Frontend Vendor Dashboard
A dedicated frontend dashboard for your Vendors using which they can perform the following actions,
Create Products/Modify Products
Create/Modify Coupons
Manage Orders
Request for Payout
3. Vendor Profile management
Option for the Vendor to display the following information on their Dashboard,
Store Logo
Store Banner
Store Description
Terms & Conditions
Vendor Address
Vendor’s Social Profile Links
4. Staff Management for Vendors
Option for the Vendors to create Manage their Vendor Account by creating Staff Members.
5. Subscription Fee for Vendor
You can charge a recurring subscription fee from your Vendors for allowing them to sell products on your Marketplace. This feature requires WooCommerce Subscriptions Extension
6. Additional Product Controls
You can offer/restrict the following product related capabilities to your vendors,
Product Creation
Product Modification
Published Product Modification
Manage Inventory
Product Deletion
7. Order Capabilities for Vendor
You can allow your Vendors to Modify the Order status of the Orders
8. Coupon Creation Capabilities for Vendor
Option for the Vendors to Create/Manage WooCommerce Coupons which can be used by the users
9. Product Enquiry
Customers can directly post their questions to the Vendors and can receive a reply.
10. Store Reviews
Customers can post their reviews about the stores from which they purchase the products.
11. Commission Withdrawal Charges
You can charge a fee from the Vendors for withdrawing their money to their account
12. Generate Payout and Payout Log
Option for the Site Admin to Pay Multiple Vendors at once using the Generate Payout option and a Payout Log to keep track of the payments made to the vendors.
13. Option to Calculate Admin Commission on the Price after applying the Vendor and Site Admin coupon Discount.
Extensive Feature List
Vendor Application can be Submitted by,
Guest Users
Users with an existing account on the site
An Option for the Site Admin to automatically approve the Vendor Application.
An Option for the Site Admin to customize the following capabilities,
Product Management
Order Management
Coupon Management
An Option for the Site Admin to customize and display the details displayed on the Vendor Profile.
An Option for the Site Admin to customize the Order Status on which the Admin Commission is calculated.
An Option for the Site Admin to decide when they should start receiving commissions. The following options are available,
From Vendor’s First Order
After Vendor Reaching Specific Number of Orders
After Vendor has Earned more than a Specific Amount
If Vendor’s Product Price is more than a Specific Amount
An Option for the Site Admin to set the commission value as,
Fixed
Percentage
An Option for the Site Admin to decide who should be receiving the tax amount. The following options are possible,
Only for Vendor
Only for Admin
Shared between Admin and Vendor
An Option for the Site Admin to Calculate the Commission after applying the Admin created coupons.
An Option for the Vendors to request for a Withdrawal. The following Payment Methods are supported,
Bank Transfer
PayPal
An Option for the Site Admin to allow their Vendors to Automatically Withdraw their Earnings. The Withdrawal frequency can be customized.
An Option for the Site Admin to set the Minimum Commission Amount the Vendor should earn before requesting a Withdrawal.
An Option for the Site Admin to customize the number of days the vendor must wait to request for a Withdrawal after order completion.
An Option for the Site Admin to charge a withdrawal fee from the Vendor. The fee can be a fixed value or a percentage of the withdrawal amount.
An Option for the Site Admin to allow their Vendors to manage their shop by assigning Staff Members.
Separate Table for the Admin to Manage their Vendors. Site Admin can manually add new Vendors.
An Option for the Admin to allow users to post their queries directly to the vendor who is selling the product.
An Option for the Admin to allow users to post reviews about the store from which they purchased the product.
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