A quick and easy way to start selling products on your WordPress website is to install the WooCommerce plugin. However, there is another option for a single eCommerce store model – that is the WooCommerce Multi-Vendor Marketplace. With the Multi-Vendor Marketplace, you host a small or large group of suppliers on your site, prevent the hassle of ordering and storing inventory. Sellers deal with inventory, you manage your site.
To create a WooCommerce market, you need a multi-seller plugin with features that make your management duties work and attract more vendors to your store. Choose a plugin that matches your budget and business goals. And think about the future. Find a multi-vendor plugin that will adjust with your store growing.
Popular Multi-vendor plugins
These multi-vendor plugins are integrated with WooCommerce and WordPress:
- WooCommerce Product Vendors
- WC vendors
- Wc marketplace
This list is not comprehensive, but it is representative of a group of plugins available in WordPress help with marketplace features that you want to consider.
Multi- Vendors plugin features:
To take advantage of the full-featured version of a multi-seller plugin, you will spend approximately $ 79 to $ 149 per year. Plugins such as Docan and WC vendors have a free or “light” option that will get you started, but later you will lack some of the more advanced features. While the main functionality of the WC Marketplace is free, you will have to download some add-ons to reach the Pro Feature Level.
DashBoard for Vendors
Your role as a market manager means that you transfer many types of worldly operational tasks to sellers on your site. For example, a normal working store is ordering owners of representative products. Ordering your stock to sellers means that you do not have to do that.
As a market owner, you make a commission for every sale. Some store owners charge a flat rate (i.e. 15%) for every sale, depending on other product, their rates vary. For example, in the tier markup strategy, high ticket items have fewer markups (like 10%), whereas those with low prices have higher markups (eg 50%). If you want the flexibility to set your commission separately – based on the seller or product – look for a plugin with a custom commission feature.
Custom tax collection
The online sales tax collection took a big turn in July 2018 when the Supreme Court ruled that the state can start collecting sales tax for online purchase. Earlier merchants who did not have physical brick and mortar were exempted. Now every state can force vendors to charge sales tax, even if they are completely online.
General Data Protection Regulation (GDPR) is a new global data protection law, which took effect in May of 2018. New regulation not only applies to European businesses, which collect customer data (such as credit card numbers) but for any business that works with them.
Digital product support
If your market will deal only with physical products, then you will not need a plugin that supports digital products. But if you are planning on things like songs, video tutorials, or eBooks, make sure that it does.
Installing a Multi-Vendor Plugin
Once you decide on the multi-vendor plugin that fits your business goals and budget, it’s time to integrate it into your WooCommerce or WordPress theme. Each plugin will require a separate installation process. To give you a general idea, what are the basic steps for setting up Docan?
Download and install Dokan
- Visit the Docan website and download the plugin.
- Go to the Plugins menu in WordPress and click Add New, then upload the file.
- Choose the file and select the dokan.zip file you downloaded. Click Install Now.
- After this, click Plugin Activate.
Dokan setup wizard
- Store Setup Enter the URL of your store and choose who will be “Extra Charged Recipients”: Seller or Administrator
- Selling Setup Decide the vendor commission percentage and enter the amount.
- Take back setup. Enable return methods to pay to your vendors. PayPal, your bank, or Skrill.
“Setup your Dokan!” Hit the button.
To get a multi-seller plugin to work with WordPress, you must enable registration to add vendors. By default, the registration form is not enabled. To enable registration, follow these steps:
- Go to Wp-admin → Settings → General
- Check the box that says “Subscription – Anyone can register”.
- Press the save button
To work with Dokan’s Front-End Templating System, you need to configure your permalink. Other multi-vendor plugins may also require permalink configuration.
- Go to Settings → Parlinks.
- Select the “Post Name” radio button.
- Select the “Custom Base” radio button and type “/ product” on the box.
- Click the Save button.
Once you download your plugin and play well with WordPress, you can start setting up your account. Whether you use Docan or any other plugin, you will need to configure specific settings like these:
- Gateway payment
- Transfer methods
- New Seller Product Upload
- Admin commission percentage and type (flat or percent)
Here’s a complete list of steps to get started with Dokan.
Marketplace starter plan
Another option for starting your Multi-Vendor Marketplace is to choose, download, and configure the Multi-Vendor plugin completely. Instead, go with a WooCommerce Marketplace Starter Plan, which includes everything you need to start and develop your marketplace:
- Managed WooCommerce Hosting
- Kokan starter plan
- For Deleted Cart Recovery and Win-Back Email
- PayPal for WooCommerce
- Beaver Builder Webpage Builder
- Astra Pro Theme
By combining these essential parts of any marketplace, you save money. Therefore, a starter plan is a good investment for small budget startups. And as your sales go up, you can easily upgrade to a more premium dock plan without switching the multi-vendor plugin. The starter plan is an effective way of leaving the front of the plan line.
Multi-vendor plugins are how you and your vendors work together within your marketplace. Therefore, they are an integral part of your overall financial and managerial success. Ensure that the multi-vendor plugin you choose offers basic practical features as well as some additional good-hobbies, which will support your store in the future.