Nowadays, e-commerce businesses seek ways to innovate, increase sales, expand, and connect to a broader audience. Therefore, creating a multi-vendor marketplace is the next plan to expand your eCommerce business. The multi-vendor websites are an amazing opportunity for business across several sectors.
According to new research from IBE, a pan-European financial services advisory firm, about half (50%) of all online retail sales happen through marketplace channels worldwide. IBE also forecasts the sales derived from the multi-vendor marketplace will exceed $7 trillion in the next years.
Most companies support multi-vendor eCommerce websites to improve logistics, costs, and operations. Also, helps them to increase product range and make cross-border expansion easier.
Several multi-vendor marketplace platforms are available. They help you build your own without needing coding or getting more help from the developer.
Therefore, are you interested in e-commerce and want to open your store? Or a person who wants to switch platforms? Then, you’re at the right place. This blog post will explore multi-vendor marketplaces and list the best ones that help you.
What is a Multi Vendor Marketplace?
It is an online platform. It helps multiple independent vendors to sell their services or products online. The multi-vendor marketplace platforms are like a shopping mall with various stores. These platforms offer variety, convenience, and competition. Amazon, AliExpress, Flipkart, Etsy, and eBay are well-known examples of multi-vendor e-commerce marketplaces.
The main purpose of multi-vendor marketplace platforms is to:
- Increase sales and revenue
- Manage all the tasks properly
- Help you manage the large number of buyers and vendors
- Help in keeping track of earnings and expenditures
- Promotes transactions between owner and buyers
- Help vendors to get exposure of their products to a larger audience
- Help vendors without building their own e-commerce website
Moreover, the multi-vendor marketplace platforms are designed to help businesses work with multiple sellers. Use a multi-vendor marketplace platform instead of building something from scratch.
For example, if you are looking to buy a new mobile phone. You can simply visit a multi-vendor marketplace platform specializing in mobile phones instead of visiting the physical store or a single brand’s website.
On these platforms, you can browse different vendors selling different mobile phone brands. Also, read reviews, compare prices, and buy the one that matches your requirements.
Best Multi Vendor Marketplace Platforms
We have compiled a list of the best multi-vendor marketplace platforms. Each platform has its unique features and serves different business needs.
So, look at them and choose the best one that best fits your business needs.
1. Dokan
Dokan is the best multi vendor marketplace software. It helps you build online marketplaces like eBay and Amazon. WooCommerce powers it and provides several features that help vendors to manage their stores easily. The installation process of Dokan is very easy. It doesn’t require technical skills, and in only 10 minutes, it is ready to use.
With Dokan, vendors can easily manage orders, add products, and handle payments. Also, its responsive design makes it easy for customers to use and shop.
Key Features
- Different payment gateways
- Frontend product management
- Vendor customizable dashboard
- Multi-language support
- Advanced order management
Pricing
Dokan offers four pricing plans apart from the free plan. These are:
| Plans | Fees |
| Starter | $149 annually |
| Professional | $249 annually |
| Business | $499 annually |
| Enterprise | $999 annually |
2. Enatega
Enatega is another popular marketplace multi vendor platform for food delivery businesses. Customers can browse different menus, place orders, and pay online through enatega. It’s likely designed to connect customers with various restaurants or food vendors. It allows customers to order food online for delivery or pickup.
Additionally, enatega offers a single vendor platform for businesses. With the help of enatega, you can easily manage your delivery operations and streamline the business.
Key Features
- Rider app
- Restaurant app
- User app
- Transparency
- Data protection
- Customize it according to your needs
Pricing
Enatega offers different pricing plans, and they depend on your business requirements.
3. Sharetribe
Sharetribe is another popular no-code SaaS platform. It is used for building a multi-vendor website more easily with minimal technical expertise. This platform is good for transactions, hosting, and online payments.
Further, Sharetribe easily integrates with other applications. Sharetribe’s easy-to-use interface makes sure that the start of a service, product, or rental marketplace goes smoothly.
Key Features
- Mobile optimization
- Good technical support
- Offers a 30-day free trial
- Secure transactions
- Easy to use
Pricing
Below is the pricing plan for Sharetribe.
| Plans | Fees |
| Hobby | $99/month |
| Pro | $149/month |
| Growth | $199/month |
| Scale | $299/month |
4. Spree
Spree is another open-source e-commerce platform that helps you to empower your business. It also helps you to build sophisticated online marketplaces. Spree supports 45 languages and any currency. Plus, it supports any payment or shipping method.
Further, Spree is known for its seamless integrations with e-commerce tools. It could also be used as an e-commerce engine and manager dashboard for native mobile apps on iOS or Android.
Features
- Customizable storefronts
- Multi-currency support system
- Multiple payment gateway options
- Mobile responsive
- Advanced analytics
Pricing
For its multi-vendor marketplace platform, Spree offers customers the ability to choose their own prices.
5. Yo!Kart
Yo!Kart is a cloud-based customizable multi-vendor eCommerce platform. It is best for startups, small and medium-sized businesses. It helps you to launch your own marketplace efficiently and easily. The best thing about Yo!Kart is that it allows you to launch any online marketplace like eBay, Amazon, etc.
Further, Yo!Kart is self-hosted, and you install it on the server of your choice. No need for any plugins. It has complete solutions for B2B and B2C niches. Also, it has been tested by more than 1 million products and 250 concurrent users.
Features
- SEO-friendly architecture
- Support for digital products
- User-friendly mobile and web apps
- Multiple storefront themes
- Flexible payment options
Pricing
The pricing plan for Yo!Kart is mentioned below:
| Plans | Fees |
| GoQuick | $999 (lifetime ownership) |
| GoQuick Boost | $2499 (lifetime ownership) |
| GoCustom | $6,499 (lifetime ownership) |
| V10 | $149 (lifetime license) |
6. Arcadier
Arcadier is a no-coding platform. It helps local communities, enterprises, SMEs, and government agencies easily build and manage multi-vendor eCommerce platforms. In addition, it provides several features that help users grow their marketplace. Its user-friendly interface allows users to create their marketplace in simple steps easily.
Arcadier is best for those who can use one of their numerous pre-made templates or one of the many built-in features if they do not require something unique or do not wish to spend the resources necessary to create it.
Features
- Email management
- Custom domain
- Social media marketing tools
- Affordable monthly fee
- No transaction fees
Pricing
The beginning price is $79 per month ($68 per month when billed semi-annually or $60 per month when billed yearly). Every package comes with a free trial period of thirty days.
Magento Multi Vendor Marketplace
Magento is a powerful tool. It helps you to turn your websites into an automated marketplace. It helps to boost profits and sales. Several e-commerce startups have integrated it into their systems.
Below is a list of the best Magento multi-vendor marketplace platforms.
1. CedCommerce
CedCommerce is the best choice for entrepreneur who wants to build a multi vendor online marketplace. It is a powerful tool that helps you grow your online business. With CedCommerce, vendors can easily promote their goods. Also, monitor sales figures, handle orders, view sales reports, and more.
This platform offers several customization features, which include:
- Commission rates
- Vendor registration process
- Shipping rates and more
Moreover, CedCommerce helps to make it possible for users to build a multi-vendor marketplace on top of their current eCommerce setup. It is easily integrated with other ecommerce plugins such as Shopify, Magento, etc.
Key Features
- Separate vendor profile
- Secure payment gateways
- Support for several currencies
- Import or export goods in a bulk form
- Responsive mobile and web interface
Pricing
CedCommerce offers various pricing plans, such as:
| Plans | Pricing |
| Basic | $60 |
| Platinum | $299 |
| Advance | $1600 |
You may have to pay extra to add an enterprise package to either of these deals.
| Plans | Pricing |
| Basic | $60 + $100 for enterprise |
| Platinum | $299 + $200 for enterprise |
| Advance | $1600 + $1000 for enterprise |
2. Webkul
Webkul is a unique solution for businesses who want to create and manage multi-vendor marketplaces hassle-free. This platform caters to several startups and established companies. In addition, it allows you to add many vendors. You can also give them control over various things, such as:
- Manage shipping
- Manage inventory
- Create seller storefronts
- Manage orders
Each vendor may add numerous commodities that can be delivered by:
- FedEx
- USPS
- DHL
- PayPal
- Stripe
- Aramex.
Features
- Review and feedback system
- Simple and fast user interface
- Customizable storefront
- Responsive design
- Easily manage multiple sellers and their products
Pricing
Webkul has a variety of add-ons that you can buy for a fixed price to make your store better or more unique. By choosing and buying certain add-ons, you can change how your marketplace works to meet your specific needs without exceeding your budget.
3. LandOfCoder
Customers worldwide are becoming more interested in e-commerce platforms, especially Magento. As a result, Landofcoder has been slowly expanding its services to offer useful digital solutions to customers.
LandOfCoder helps you to transform your eCommerce site into a fully functional multi-vendor marketplace. It allows you to upload products in bulk and easily control everything. With the help of LandOfCoder, you can take your eCommerce store to the next level. Moreover, it supports both customers and sellers.
Features
- Competitive price
- Easy to use
- Easily integrate multiple payment gateways
- 30-day money-back guarantee
- Show feedback and consumer evaluation
Pricing
The LandOfCoder pricing plans are:
| Plans | Pricing |
| Single License | $299 |
| Standard | + $249 |
| Premium | +$899 |
| Agency | +$2999 |
4. Magenest
Magenest is the popular Magento 2 multi vendor e-Commerce tool. It provides several features to its users to boost their products, purchases, and customer traffic. With this, you can systematically manage several vendors.
Features
- Easily manage orders, products, and vendors
- Allow customers to provide feedback
- Vendor verification system
- Allow customers to buy products from multiple vendors
- Fixed commission for each vendor
Pricing
The Magenest offers various pricing plans according to your requirements.
5. Magetop
Magetop is one of the most amazing Magento 2 multi-vendor platforms. It provides many features that turn your website into a functioning e-commerce website like Alibaba, Etsy, etc. You can easily manage your products hassle-free.
You only pay once to use Magetop for life. Also, it’s a risk-free investment because their support policy gives you a 30-day money-back guarantee, one year of free help, and free updates for life. Magetop will keep making your goods better and coming up with new ideas.
Features
- Charge commissions for each seller and vendors
- Responsive seller panel
- Helps a large number of sellers and vendors
- Flexibly manage your products
- Manually or automatically approve vendor products
Pricing
Magetop can be purchased for a starting price of 299$. However, it is based and varies according to your requirements.
Multi Vendor Marketplace Shopify
Shopify is the number one e-commerce platform for all businesses of several industries. You can easily grow your business with Shopify. It meets your business demands whether you’re in electronics, beauty, fashion, or another industry.
Here are some great multi vendor marketplace Shopify platforms.
1. ShipTurtle
ShipTurtle helps you transform your e-commerce store into a marketplace in minutes. With the help of this platform, you can easily expand your product range by partnering with brands. It is trusted by more than 1,000 D2C brands and marketplaces worldwide.
With its white-labeling solution, you’ll put your brand in the spotlight and eliminate Shipturtle’s from all unique pages, including vendor registration, vendor login, and shipment tracking. Not only that, but vendors can change the URL they use to access the app from the default app.shipturtle.com to whatever URL best fits your brand.
Each “Vendor page” has an option that lets customers email the vendors if they have any questions. The customer and the vendor can both communicate through the Chat feature in the Shipturtle app.
Features
- Payout integrations
- Shipping profiles
- Order managed by several stages
- Complete scalability
- Easily set up many shippers
- Inventory management
- Data security
- Vendor onboarding
- Warehouse automation
Pricing
The ShipTurtle pricing plan is as follows:
| Plans | Pricing |
| Startup | $19 |
| Business | $29 |
| Enterprise | $69 |
2. Onport
Onport automates your multi vendor marketplace. The Onport marketplace plugin integrates all main platforms, automates merchant payments, and syncs inventory. Integrate effortlessly with vendor online shop CSV or XML feeds. Automatically sync inventory, orders, and payments after publishing. Vendors can log in to a customized site to send orders, verify payments, and verify customer information.
Features
- Payment automation
- Order routing
- Inventory syncing
- Catalog management
- Integrations with certain vendors
Pricing
The Onport offers three pricing plans, which include:
| Plans | Pricing |
| Standard | $1000 per month |
| Advanced | $2000 per month |
| Plus | $3500 per month |
3. Marketcube.io
Marketcube.io is a multi-seller management solution. It helps marketplace operators run and automate their businesses efficiently. It also helps to manage inventory, shipping, payouts, and order splitting.
Marketcube.io helps over 1,500 companies run multi-seller marketplaces globally, from real estate to fashion to art and pharmaceuticals.
Features
- Product management
- Time-based services
- Drop-shipping
- Accounting & payouts
- Allow integration to third-party platforms
- Order and return management
- Seller management
Pricing
The app only costs $10 per month, and some of its benefits cost extra.
4. Duoplane
Duoplane is an automation dropship software for vendors and retailers. It allows you to strengthen relationships and scale your business operations. Plus, it lets you connect your Duoplane account to your Shopify store. So, you can communicate with all your dropshipping suppliers and 3PL warehouses automatically.
Features
- Automate orders to multiple vendors
- Automate accounting and payments
- Manage supply chains of e-commerce businesses
- Streamline the tasks
- Easily integrate with other plugins
Pricing
You can automate your eCommerce operations with Duoplane. Below is the pricing plan for Duoplane.
| Plans | Pricing |
| Standard | $299 per month |
| Professional | $599 per month |
| Premium | $1199 per month |
| Enterprise | Price according to your business plan |
5. Vendor Consignment
This great tool could make a big difference in handling vendor commissions and reports. You can easily keep track of vendor fees and see payment records with vendor consignment. Since payments are made through PayPal, you can be sure that the money going to your vendors is safe.
You can also monitor how much sellers are paid and automatically track commissions. There are download choices that let you change the data and pull out useful information for analysis when you want to get the information into a third-party program.
Features
- Automatically calculate vendor commissions
- Override the commissions on an order-by-order basis
- Allow the vendor to view their own orders
- Easy to use
- Helps you to automate your consignment business
Pricing
They offer a 14-day free trial. The prices are based on your needs.
Benefits of Multi Vendor Marketplace
Here are some benefits of a multi-vendor marketplace.
- Increased Exposure and Traffic
Most of the time, a well-established multi-vendor platform has more visitors than individual vendors’ websites. This can help potential customers discover a vendor’s products, increasing sales possibilities.
- Large Customer Base
The marketplace already has a customer base that vendors can use to reach a bigger audience without starting from scratch. This can help sales and growth happen faster.
- Increased Variety
Unless you’re selling something unique, people will want options. And you can easily offer that in your store; you get goods from multiple vendors instead of just one.
- Cost Efficiency
Joining a multi-vendor marketplace can be cheaper for sellers than creating and keeping their e-commerce websites. The marketplace takes care of sellers’ infrastructure, technology, and marketing costs.
- Feedback and Reviews
It is the best benefit that customers leave reviews and feedback. Their feedback helps vendors to improve and build their reputation. Also, it helps them to improve their offerings based on customer input.
How to Choose the Multi Vendor Marketplace Platform for Your Business?
Selecting the right multi-vendor marketplace platform for your business is important. It can help you to grow your business and impact your success. However, choosing a platform could be hard because there are so many to choose from.
Therefore, for your help, we gathered some tips to help you make a better decision.
Determine your business needs: First, you must identify your business goals. Also, the types of products, target audience, and services you offer.
Check the platform features: Look for the platform’s features. Plus, see that they meet your business needs.
Check payment plans: Don’t forget to check prices. Some charge a monthly fee, while others take a percentage of sales. Consider both upfront costs and long-term expenses.
Customer support: Always check customer support. The responsive support team addresses your issues and concerns quickly.
Reviews and References: You can read reviews online. Read what others say about this platform. It can help you to make a better decision.
Conclusion
The first step is to get the right platform, no matter what business model you want to use for your online store or how you want to make money from it. Nowadays, multi vendor marketplace platforms are the best way to boost your eCommerce business. Each platform discussed above offers distinct features and caters to different business needs. Therefore, carefully evaluate your business needs. Then, choose the platform that aligns with your goals.
So, consult Enatega if you want the multi vendor marketplace platform for your food delivery business.
FAQs
- Is multi vendor marketplace profitable?
Multi-vendor marketplace platforms are profitable. However, choose the one that best matches your requirements.
- How much does a multivendor marketplace cost?
The cost depends on your business needs. However, typically it ranges between $10,000 to $80,000.
- How do I start a multivendor website?
Below are some steps to help you start a multivendor website.
- Determine your niche
- Find the vendors
- Attract buyers
- Focus on your customers and vendors
- What is the cheapest online marketplace?
The cheapest online marketplaces are Facebook Marketplace and Craigslist.
- Can you sell on multiple marketplaces?
Selling on various marketplaces will allow you to utilize the greatest features of each platform.
- What is single vendor and multi-vendor?
A single vendor is a marketplace website where a single seller sells to several buyers. In contrast, a multi-vendor marketplace has multiple suppliers and multiple consumers.
- Which online marketplace is best?
The ideal marketplace software is feature-rich, scalable, and user-friendly for you and your merchants. We recommend the Enatega multi-vendor platform for the food delivery business.
- What is a peer-to-peer marketplace?
A decentralized peer-to-peer marketplace allows two people to buy or trade goods or services.