There are many ways to run an eCommerce business. You can either sell your own products, sell products from multiple vendors, or sell your products along with products from multiple vendors. It is a source to earn additional revenue if you provide your store as a marketplace for vendors to sell their products by charging a commission based on the products and vendors. The WooCommerce Product Vendors plugin will help to switch your WooCommerce store into a multi-vendor marketplace instantly!
As an admin, you will be able to configure the commission payments and grant access to vendors to manage their own products. Through this platform, vendors can sell physical products and virtual downloadable products. And, the admin can decide the amount of commission to be paid to an individual vendor based on the number of products they sell, or based on some other aspects. Also, the admin has the complete control to decide the payment based on the order status and return requests for physical products.
Overall, this robust plugin is a perfect option to switch your store into a multi-vendor marketplace with advanced specifications.
1. Sell Your Products & Vendors’ Products on Same Platform
List your products alongside the products listed by multiple vendors seamlessly. Vendors can register at your store to sell their products. Also, it requires approval from your side to let them proceed with listing.
2. Allow Vendors to Manage their Profile and Products
Let your vendors manage their profile and the products they have listed on your multi-vendor store for better management of products. So, the vendors can login and upload their products without your help. Furthermore, they can add private notes like tracking numbers to the customers.
3. Send Approval Emails
When a vendor is registered to sell their products in your store, let them know regarding your approval through a confirmation email.
4. Configure and Manage Commission Rates
As an admin, you have the complete control to set the vendor specific commission rates. Also, you can incentivise to encourage vendors to join your marketplace as well as set reward points to certain vendors based on the earnings.
5. Manage Payments
The commission can be credited to the vendors account only after the completion of the order. It can be done instantly, manually, weekly, bi-weekly or monthly. The commission can be set as a percentage of the product price and can be set individually, per product, per vendor or store. Also, it will be ideal to delay commission payments till then the shoppers do not try to return the physical products delivered.
6. Efficient Multiple Vendor Settings
Assign roles to vendors as Vendor Admin or Vendor Manager. Vendor Admin will have the complete control to access all vendor settings. Vendor Manager has limited access as they cannot view details like sales tax.
7. Show the Vendor Information Selectively
Selectively show your vendors details on products including their rating, profile photo, and other information on the storefront.
8. Assign Users to Manage Vendor’s Information
You will be able to assign users of your store to manage the vendors’ information like setting up their account, adding their address and logo.
9. Display Vendor Rating
Display the rating of vendors on each product listed by them. This will help customers to pick the products efficiently.
10. Allow to Sell Specific Products After the Approval
In order to let the vendors allow selling specific products in your store, let them take an approval from the admin side.
11. Analyze Reports
View the detailed report generated by the plugin to analyze the overall sales, commissions and earnings through vendors. Also, the vendors can view their dedicated reports regarding their sales.