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How to create a Magento 2 Multi vendor Market Web site Like eBay

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Hardly a 12 months after its international release, Magento 2 is already seen taking its victory lap as the world’s most most well-liked eCommerce platform. Pushing other eCommerce platforms to behind the scenes, Magento continues to solely command 29% of the worldwide eCommerce platform market.
[Image: magento-2-capabilities-2.png]

Whats is Magento 2?

Whats is Magento 2? In simple phrases, It is the second version of Magento’s ecommerce platform. Magento 2 is also the pressure behind the highest Alexa ranking on-line shops. The not too long ago released ecommerce platform is the launchpad for a majority of on-line trend shops adopted by electronic devices, footwear, laptop techniques, bike components, toys, and so on. And the good information is, you possibly can compose all these products under a single storefront utilizing a Magento 2 multivendor software. First Magento 2 stores are detected amongst Alexa 1 Million high-rated websites Magento 2 was released in June 2015, virtually a year as of now. On seeing the current day eCommerce business scene, it is evident that Magento 2 is gaining momentum as the first selection for many online shops. Beforehand Magento 1 based on-line stores are now upgrading to the second version. New on-line ventures are preferring to make use of a Magento 2 Multi Vendor Marketplace extension .
Why Choose Magento 2 for Multi Vendor Marketplace? What Benefits Does it Accrue?
The follow 6 reasons prove why it is makes sense to create a Magento 2 multi vendor website like ebay, etsy, Amazon & Aliexpress:
  • Improved Directory Structure similar to Zend which facilitates flexible programming and advanced theme development.
  • Compatibility with more number of programming platforms including PHO, MySQL, Oracle, etc.
  • Default JQuery library which reduces the burden of developers to find and use default and standard JQuery codes.
  • Heightened Security compared to previous Magento Community and Enterprise versions. Coders can keep their source codes safed from unauthorized access, use or tampering.
  • Overhauled Admin Panel with drag and drop panel for editing page layout and several other functions.
How to Create a Multi Vendor Website?
You can build your own Magento 2 marketplace website like ebay, Etsy, Amazon, Aliexpress or Alibaba using the readymade script from Apptha. Apptha’s Magento 2 ecommerce extension is decked with features that will delight any ecommerce retailer.
Some of its notable features include:
  • Single console seller dashboard with extensive controls

  • Vendor specific URL for branding and marketing

  • Unlimited Product categorization and listing
How Work Multi Vendor Magento 2.0 Website?
Choose a Reliable Domain & Hosting Service
Your website needs to be hosted on a reliable and scalable domain. Trust us, choosing a domain service is not an easy task and demands one to do in depth research. To make things easy for you, we have compiled a list of these criteria you can look into while selecting a domain and hosting service.
  • Amount of web space provided

  • Cost charged for space, domain hosting and upgrades

  • FTP access for global viewership

  • Page loading speed
Keywords & Market Research
Market research is critical to long-term business, be it an online business or otherwise. It is through market research you will come to know of the various customer demographics like age, gender, location, preferences, seasonal demands, etc.

To put the key findings of market research into strategic use, especially for an online store, digital marketing techniques like SEM and SEO are required. Which brings us to the need to find the right kind of keywords that will fetch search queries of customers and put forth your website suggestions as search results.

Branding Your Multi vendor eCommerce Site
If people like your brand they will listen to you. If they trust you, they will do business with you. That is the power of branding. Branding creates a connect with customers and makes them loyal to buying your products. Hence, investing in branding since the early stages of the business is something an online store cannot do without.
Making Money From all of the Above
The Big Question - How does one make money out of a Magento 2 marketplace extension?
An online store can earn revenue from more than 7 sources. We spell out a few which you can try based on your business strategy and revenue goals.
  1. Advertising revenue model where the store can lend its spare space or prime spots for advertising and marketing purposes.

  2. Sales commission model: Perhaps the most popular and much resorted to revenue model in ecommerce is this model. You collect selling commission from vendors for every successful transaction.

  3. Product listing fee: If your business manages to earn a premium position in the market, it becomes possible to collect product listing fee from third party vendors who list their products.
View more document : Magento Marketplace Document

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