Recently, eCommerce has been becoming a booming industry all over the world. In 2019, total global eCommerce sales amounted to more than $3.5 trillion dollars. The exciting fact is that this number is expected to grow over the next few years continuously.

This statistic shows how promising the future of the eCommerce business is in the future. 

Entering the world of eCommerce can feel like a big move for every business, especially small and startup businesses. One way to make it easier is to share audiences and costs with other like-minded businesses. This model of setup is known as a multi-vendor marketplace. You create an eCommerce website and invite other businesses to join your marketplace and sell their products and services. In my opinion, it’s a great way for a small business or startup business to get a little extra help when starting out, or for existing stores to expand their markets.

1. What Is Dokan Multivendor Marketplace?

1.1 What’s A Multi-Vendor Marketplace?

A marketplace may be an eCommerce website, but not all eCommerce websites are marketplaces. The majority of eCommerce websites are single-vendor websites where one store owner or a company operates the website to sell its goods.

Basically, a multi-vendor marketplace is a website type where various vendors place their products or offer services while the website owner moderates the website and approves the content. Moreover, as customers buy the items, the website owner gets a commission from every sale. In general, the multi-vendor marketplace has three basic components or is often referred to as components, which are:

The Admin: If you own the eCommerce marketplace website, then you are the admin of that eCommerce platform. You can invite multiple vendors to sell their products on your platform. You will earn money whenever the new vendors register their business on your platform. Also, you can earn money when each purchase is made by the various vendors.

The admin has an important role in the eCommerce platform as he/she is responsible for the following activities.

  • Task Monitoring and Management: You, the admin of the platform, could take care of organizing the products in the store and monitor the order and shipping activities.
  • Image and video upload: The image and video uploaded on the website regarding your eCommerce platform should be of high quality with proper information.
  • Stock Management: The products in the category need to be updated according to the users’ search results.
  • Maintaining the Vendor relationship: Since there are multiple vendors available on the platform, to generate good revenue, you have to maintain a good relationship and response equally to all the vendors. The admin-vendor relationship should be strong enough to improve the eCommerce business revenue to the next higher level.
  • Promoting the Brand and Platform: You need to promote the brand and the platform so that multiple audiences will visit the store effectively and make purchases. You can manage the newsletters’ activities to increase sales and also want to analyze the product offers and discount prices.

Vendors: Vendors can simply register their businesses in multi-vendor marketplaces. Then start selling their products to valuable customers and start earning money. Role of a vendor:

  • When the vendor finishes registering on the appropriate platform, their eCommerce business is started.
  • After the product is reviewed by the admin, the vendor can start arranging the products in the category and have options to customize product details.
  • While the order is received to the admin, the order details are provided to the vendor.
  • Also, the shipping process is maintained by the admin which will reduce vendor work.
  • Vendors can earn the required money from the customer and pay to admin a commission fee for each transaction.

Customers: Customers are the key to every business. Hence customer satisfaction is very important. The customers will shop without a time-limit. The customer will begin searching for the particular products and end up having many choices from different sellers for that one particular product. Then by analyzing price ranges and reviews, the customer will make the order and will get the purchased products on time with the best shipping process.

The eCommerce marketplace is so popular as it has some advantage in it so that it reaches millions of people towards it. These sort of online markets not only benefit both owners and sellers but the buyers also.

Benefits of the Admin:

  • An additional income stream

When you invite new vendors into your marketplace, you can take commission on each of their sales. Establish a standard commission rate across the site, or offer sellers different rates tied to criteria like number of products and established audience. Be upfront about your transaction fees, and then let their sales contribute to your overall site maintenance costs.

  • An expanded audience

As new sellers join your platform, they bring new sets of customers. Each vendor uses its own social media accounts, word-of-mouth contacts, and established customer base to bring more visitors to your marketplace. The more vendors, the more customers for everyone.

  • Full control over members

As the marketplace owner, you’re in control of what’s displayed on your site. When new vendors apply to join, you can accept only those that fit the overall brand you’re building. Accepted vendors can create their own products in the WooCommerce dashboard, but you maintain quality control and only items you approve to go live on the site.

  • Shared responsibility

Spread the responsibility of running and maintaining the site by designating administrative users who have control over the shop. Your new team of admins will be able to approve vendors and products, deal with password issues, and manage featured products on your behalf while you stick to the stuff you love: creating and selling your own items.

Benefits of The Vendor:

  • Create their own products and control their own inventory

Vendors have limited access to the WordPress dashboard to create products, upload images, set prices, and describe their creations in the most accurate way. Vendors also have the power to control their own inventory numbers, so availability is accurate and instantly updated for visiting customers.

  • Set their own shipping rates

Vendors can set shipping rates for products, so they aren’t tied into a strict pricing structure for items that are bulky, heavy, or require extra postage.

  • Add customer notes

Order confirmation emails can include vendor notes, so sellers can speak directly to their customers. Emails can include delivery details, instructions, or required disclaimers — in their own words, and without full administrative access.

  • Get individual sales reports

Vendors can see their own sales numbers and customer information, in an easy-to-read format, in the WooCommerce dashboard. They can use their data to make sure that they’re listing the right products in the right places, and to drive their own marketing campaigns.

  • Sell anything

With WooCommerce, vendors can sell physical items, digital downloads, or both.

Benefits of The Customer:

  • As a customer, in a multi-vendor eCommerce platform, you are provided with multiple choices for a single product. Hence you can make the price comparison and buy the best products.
  • Since many vendors are in one huge place; they offer seasonal deals and offers to promote their brand. Hence, you can spend less money to buy products.
  • When you are searching the products, the dashboard will display a category list from which you can select your items. There you can use the filter your search results based on brand, cost, color, or some other attributes
  • Online reduces your work and saves your priceless time. Thus, you can just order the products simply with your phone without making an outing.
  • Some of the admin can also offer you festive deals to increase their business.
  • The payment and check out process will be made easy in a short time on one page.
  • You also have an advantage in the payment process. You will be provided with COD (Cash-on-delivery), net banking or credit and debit card method to pay for your purchase.

1.2 Business Models Of Multi-Vendor Marketplace

1.2.1 B2B ECommerce Marketplace

Business to Business (B2B) marketplace is one of the business models which deals with the eCommerce activities between two or more businesses. It has the money transaction in the online portals.

B2B ECommerce Pros

  • Bulk orders: Businesses are more likely to buy in bulk and place large orders, meaning each sale is typically worth more money to you.
  • High buyer intent: Businesses are more likely to be ready to buy when they are searching for a product.
  • Strong growth: The B2B market is growing rapidly, which means there’s money to be made by tapping into this business model.

B2B ECommerce Cons

  • Fewer sales: While your orders are likely to be worth more money, the time between each sale is typically longer.
  • Steep learning curve: Selling to other businesses can be tough for a beginner. It helps to have a deep understanding of how businesses operate.
  • Price competition: B2B customers are always hustling for the best deal and buying in bulk means they have more leverage to negotiate.

1.2.2 B2C ECommerce Marketplace

Business to Consumer (B2C) marketplace is the traditional eCommerce activity where the customers search for a particular product in the best ecommerce marketplace platform and make the purchase for 365 days at 24/7. The multiple vendors will sell the products directly to the customers in one huge platform. 

B2C ECommerce Pros

  • Low Set-up Costs: You can technically start a B2C eCommerce business for almost nothing using dropshipping. It’s very affordable to get started.
  • High Sales Volumes: It’s possible to make regular sales that keeps the cash flowing and provides you with a steady income stream.
  • “Passive” Income: While B2C eCommerce is not strictly passive you have the potential to make sales 24/7, which means making money while you sleep.

B2C ECommerce Cons

  • Highly Competitive: You’re competing against multinational corporations, established brands, and other online sellers just like you. It’s a crowded marketplace.
  • Customer Service: Consumers have high expectations when it comes to eCommerce these days. You have to deal with orders, questions, complaints, and returns.

1.2.3 C2B ECommerce Marketplace

Consumer to Business (C2B) marketplace is one of the models in which consumers develop product and service ideas to the business organizations and get paid for the idea development. 

The consumer increases value to the business products through feedback and product reviews which will aid business to earn some positive value to their business. 

C2B ECommerce Pros

  • Improves market reach: The C2B business model gives the opportunity for individuals to connect with businesses and share their value. They do share their experience with your products or services. These happy customers may or may not get the monetary benefits for sharing this knowledge. It will increase the reach of your business and improve the trust of your customers.
  • Understanding of consumer demographics: In the C2B business model, you will be able to interact with the consumers, which will definitely give you a better idea about your product. Considering all these ideas, you can upgrade your catalog as per the needs of the customer.
  • Amplification of sales: When so many people are talking about your business, your brand awareness will automatically increase. This will automatically improve the trust upon your business and invite more referral customers than the direct ones.

C2B ECommerce Cons

  • Novel technology: The C2B business model came up with the digitization of businesses. Since it came up with the novel technology, it is quite unstable. You can’t rely upon this business model single-handedly, and you need to be aware of the changes that may come.
  • Negative reviews: When you are counting on the positive approach of contributors, you must be ready for negative experienced customers as well. Indeed, negative thoughts spread more quickly than positive ones. You need to be extra cautious about handling such cases

1.2.3 C2C eCommerce Marketplace.

Consumer to Consumer (C2C) marketplace is a business model including the product and service transaction between two customers. Without involving sellers, one customer will sell products and services to other customers through a third-party platform. 

C2C ECommerce Pros

  • Low Set-up Costs, Increased Profitability: The costs to run a consumer-to-consumer company are fairly low because most companies don’t need to pay for a brick-and-mortar storefront, inventory storage, or employee wages. Low costs also mean higher profit margins.
  • Low Marketing Cost: Marketing a C2C business is often simple to do. Because most businesses of this type are hosted on a third-party platform, that platform brings in the audience. Your responsibility is to attract them to your particular product or store, over those of your competitors.
  • Increased Customer Base: Online consumer-to-consumer businesses are often more convenient and attract a wider audience. In addition, your products and services are visible by a worldwide audience which help increase the chances for conversion.

C2C E-Commerce Cons

  • Competition: C2C eCommerce is easier than other business models with low set-up cost so you have too many other competitors, especially with businesses that provide the same products but at lower price.
  • Payment Issues: Depending on the marketplace platform provider, there might be a payment guarantee for the transactions being made, or not. There have been complaints from C2C eCommerce sellers that customers scammed them, and depending on the platform’s policy, it might be difficult to dispute and resolve the issue.
  • Platform Fees: Some platform providers might charge money for the use of the platform on a standard, recurring fee, or a profit percentage basis.

Beside those basic marketplace models, there are also some other marketplace models that are fully focused on generating revenue and managing inventory. No matter what eCommerce business model you choose, each has its benefits and challenges, and many companies operate in several of these at the same time.

1.3 What Is Dokan Multivendor Marketplace?

Dokan multivendor marketplace is an essential plugin for creating multi-vendor marketplaces. In a combination with WooCommerce, it allows you to transform your website into a huge online marketplace where anyone can display and sell products. But before you install this plugin and start growing your online business, check out if your WordPress theme is compatible with Dokan.

What makes Dokan multivendor marketplace plugin a must-have element of any multi-vendor marketplace is the set of features it brings. Basically, it allows sellers to register their shop and create their profile on your website in order to present and sell items.

It also brings a special, intuitive dashboard page where each seller can add and manage each product with complete ease. Here you can set everything related to your online store. From following sales reports, managing reviews, sharing additional information on your shop and products, its location and working hours to checking out orders and earnings.

Dokan multivendor marketplace also allows you to connect your shop with social networks which can improve communication and interaction with customers.

In addition to this, you can manage your store’s SEO. With a few simple steps, you can optimize your store for a better Google ranking. Add keywords, write a meta description, define your SEO title, and more.

Have in mind that each product you post has to get official approval from the website owner. But, in case you use the Trusted vendor option, your products will be automatically shared on your store.

Lastly, both the website administrator and seller will have the option to follow the detailed analytics about the number of sold products, popular shops, total earnings, etc.

2. Why Should You Use Dokan Multivendor For Your Wordpress Marketplace?

Built For Wordpress

Dokan multivendor marketplace plugin is one of the first multivendor marketplace solutions that support WordPress, which is one of the most popular and widely-used website platforms today. With Dokan, anyone, even those who don’t have technical expertise in creating online stores, can turn a WooCommerce store into a fully operational Marketplace.

Based On WooCommerce

If you are familiar with WordPress then there is a 99.9% chance that you are familiar with WooCommerce. It is the most stable eCommerce plugin for WordPress and that is why the Dokan theme is completely based on it. Dokan multivendor marketplace supports all the payment gateways which work seamlessly with WooCommerce. So, it gives you a big feature to choose your own gateway for your multi-vendor website easily.

Huge Flexibility

Perhaps one of Dokan multivendor marketplace plugin 's biggest benefits to eCommerce newcomers, is that vendors using the platform can exercise a whole lot of flexibility with their products, without having to know too much about the technical side of things.

Products can be categorized, given sale prices, create coupons, own shipping price, independent attributes, and more. Additionally, their stores are capable of selling physical, virtual and downloadable products. Moreover, they can manage everything from their own Dashboard.

Vast Customization Options

Dokan multivendor marketplace plugin is open source. So, there are plenty of hooks available to make it compatible with any other WordPress plugin and theme. If you are willing to use your own style, design or layouts – you can easily manage that by using a child-theme of Dokan or can create one by yourself.

Professional Yet Simple

All of the features are built in and all the settings are inside one simple menu. So there is less space to get lost or to be confused.

Analytics Made Easy

You and your sellers both can see all of their information in one single place. A detailed dashboard is made for the sellers and the admin. So you can view your total sales for the month, new orders, pending orders, completed orders, total revenue and many more from one single page. The data is shown through charts and bars to make it more easy to understand.

Add-on Gallery

You will get to see the available add-ons right from your admin panel. So you'll get to know about all the latest available add-ons inside your site.

Powerful, User-Friendly Dashboard

Dokan multivendor marketplace plugin provides your vendors with a robust dashboard loaded with all the features they need to fully manage their operations, products, customers, marketing, promos, and more. The dashboard centralizes all their processes, from adding items to their listings, editing product descriptions, communicating with their customers, tracking their shipping, and so on. In a few clicks, your vendors can generate rich and detailed reports that provide them insights to make smart business decisions.

Multi-Currency And Multilingual Ready

Attract vendors from all over the world to set up their store in your marketplace. Dokan multivendor marketplace plugin is ready to play with PayPal and Stripe right off the bat and is compatible with over a hundred WooCommerce-supported gateways. On top of that, Dokan is available in more than 25 languages. You can really say your marketplace has a global reach.

Ensure Store Security

Allowing backend access to admins and only front end for vendors ensures store security. The backend of any store is not always easy to use for the inexperienced. Unlimited access could easily mean that anyone could just simply destroy your store and steal your money.

Nonstop Earning

Since there is no limit of vendors, you get to earn commissions from each sale or selected types. Thus, you are never at a loss with your marketplace. You can also earn more from hot selling products, favorite vendors or launch discount campaigns on special occasions to boost sales.

Reduce Maintenance Cost

Since vendors self-manage, your maintenance costs are lower. Dokan multivendor marketplace plugin owners usually do not require separate store owners to take care of their business. Since it is open-source, you can hire coding people to customize the plugin at a comparatively lower cost. Also, Dokan comes with a free theme that beats many paid themes. The extensions for Dokan are fairly priced considering the feats they perform.

3. How Dokan Multivendor Marketplace Works

Dokan multivendor marketplace plugin is a self-managed, easy-to-use multi-vendor plugin with intuitive designs. It is one of the most popular multi-vendor plugins in use. Here are some features that make Dokan popular :

Vendors can control everything from the UI dashboard

The Dokan dashboard is a clean and functional tool that vendors can use to increase sales and profits. Every business needs an overall picture of performance. It gives each vendor an overview of business performance. You will be able to see:

  • Total pages visited
  • Number of orders
  • Number of products in stock
  • Sales reports, spam alerts and customer questions

Vendors can add and customize their products listed with Dokan

The simplest task for a supplier is to add products to the point of sale. It is important to make things as easy as possible for your sellers.

The interface of the Dokan supplier add-in mirrors the actual product page. Sellers can upload images and add product names with descriptions on the same page. Sellers can also set prices for their products and define a category.

As an administrator, you can configure fields, categories, product types, etc. If you configure the plugin correctly, the seller will not be able to add categories or taxonomies along the way, which is reassuring. Also, you can limit vendors’ products to only digital download products, to create a digital marketplace.

Vendors can manage their customer orders

In order for sellers to know the status of their orders so they can ship them on time and prevent bad reviews – which would also be detrimental to your reputation in the market – Dokan multivendor marketplace plugin allows sellers access to all of their orders. They see the order number, total amount, customer name and delivery date. Dokan is one of the few existing multi-vendor extensions to provide the upstream supply chain.

Sales people gain access to analytics and reporting

Dokan’s reporting panel contains powerful analytics tools that help merchants increase sales. For example, sellers can use the ‘Reports’ view to see which of their products are the most popular.

Other marketplace WordPress plugins, such as WC Marketplace, Yith or WC Vendors, provide basic reports on marketing activities. But only Dokan offers every seller a customizable picture of the success and statistics of their online store.

The sellers can better understand the customers and the products they want to buy. Providing them with relevant sales and performance data enables them to make better decisions about how they can improve the customer’s experience. This means more time and more benefits for you.

Your sellers will be able to customize their own store

Access to products and orders is not all that makes your merchants happy and profitable. They must also be able to set up their stores and mark the brands that are for sale. Dokan multivendor marketplace plugin makes it easy for sellers to:

  • Create and update contact information
  • Name the store
  • Add links to social profiles
  • Choose a withdrawal method
  • Set up the shipping method

With Dokan, the provider’s store areas are clean, easy to navigate and responsive to mobile devices, tablets and desktops.

Make Money With Sales Commission

Dokan multivendor marketplace plugin is designed for sellers. Effective analytics combined with automation makes it easy to manage suppliers and track sales. These are the best features of Dokan management tools.

The admin of the marketplace can specify the fees of individual sellers in percentage or offer monthly, annual or even daily subscription prices to sellers. The fee is flexible, you decide the amount or choose to not use it at all.

You will receive a commission for every sale made on your website. The percentage you get from sellers has a significant impact on the price and profit of products. The higher your commission rate, the fewer sellers you will attract. The lower your commission, the lower your income. The balance you strike is your decision.

Dokan multivendor marketplace plugin allows you to set up commissions for individual suppliers so that you can adjust your prices according to the value (roles) of a specific entrepreneur. For example, you can set a higher premium for sellers who sell high-margin products – i.e. electronic products – and a lower premium for those who sell low-priced products such as handmade products.

Dokan offers many different payment gateways

Successful marketplaces with many retailers offer customers many payment options. If you sell internationally, you need a secure payment gateway to support foreign currencies and popular payment methods locally. Dokan offers the following payment gateways built into their system:

  • PayPal
  • Stripe Connect
  • Moip Connect

But Dokan, based on WooCommerce, allows you more popular payment options. More than 100 payment services are compatible with Woocommerce.

After the customer buys, Dokan calculates the payment and the seller makes a withdrawal request. You can use the same payment gateways to debit customers and make payments to merchants. With a variety of payment platforms, it can become easy to meet the business needs of every business. And it makes your marketplace an attractive and practical online option for marketers.

Sellers can handle refund requests and refund customers

Dokan multivendor marketplace plugin can process refunds through PayPal, a popular payment method that makes the transaction process easy.

Without Paypal, only administrators can process refunds that have to be made manually. In this case, the greatest responsibility lies with you. But the Dokan admin panel organizes and shows all pending refunds for you, and you can process them individually or in bulk.

Customers can add product reviews for each vendor individually

With Dokan multivendor marketplace plugin, it is possible to analyze the seller and the products separately. With this essential independence, you have more control over the quality of your providers’ customer service. A seller may have great products, but terrible service.

With the Dokan Seller rating feature, customers leave individual seller ratings that appear in their window. Reviews improve the customer experience and speed up their purchase decision.

4. How Much Does Dokan Cost?

For users wanting to discover the Dokan multivendor marketplace plugin, there is a free version in the WordPress store. Dokan’s free formula may be enough for you and isn’t exactly limited. However, it won’t have all of the features essential to the rapid development and growth of your marketplace. You also won’t have the benefits of Dokan customer service.

Simply put, you will have providers with very basic features and that’s it.

Dokan’s pricing model starts with long-term planning. It is designed to evolve with you as your marketplace grows. Even new store owners on a budget can access the Dokan plan for free and still benefit from the service. Refer PRICING OF MULTI VENDOR MARKETPLACE

Dokan offers five different pricing plans, from the free tier to the business tier. Market operators need different roles at different stages of store growth. Plus, you have the option to pay annually or take advantage of their lifetime offer, which takes about 3 years.

The Starter plan costs $149/year or $596 lifetime and offers all the features as the free version while including some additional features:

  • Commission Types
  • Frontend Products Vendor Management
  • Powerful Reports
  • Social Login
  • 1 Premium Module
  • 1 Site License
  • Ticket Based Support

The Professional plan costs $249/year or $933 lifetime and offers all the features as the first version while including some additional features:

  • WC Product Add-on Integration
  • Vendor Review
  • Store Support
  • Vendor Verification
  • PayPal, Stripe, and More
  • Subscriptions
  • 9 Premium Modules
  • 3 Site License

The Business Package costs $ 499/year or $1746 lifetime and offers all the features as the Professional Plan while including some additional features:

  • Product Plan
  • WC Reservation Integration
  • Geolocation
  • Export-Import
  • Staff Manager
  • Auction
  • 17 Premium Modules
  • 5 Sites License

And the most expensive package, the Enterprise plan costs $999/year or $3246 lifetime and offers all the features as the Business plan while including some additional features:

  • 1-hour theme compatibility
  • 1-hour basic setup
  • Live chat support
  • 17 premium modules
  • 10 site license

If you are planning a long-term plan and think your Marketplace will be online for more than 3 years, you may want to consider paying for a lifetime offer. You get the exact same features as their annual plans, but you get their subscription for life. In order view detail about pricing to build multi vendor marketplace, please click here.

5. What Are The Differences Between The Free And Paid Dokan Multivendor Marketplace Plugin

Dokan multivendor marketplace plugin is available as a free version (Lite) but I do advise that you upgrade to the professional version. Unlike the free version, with very limited functionality, the Pro version gives you everything you need to create a powerful and reliable marketplace, especially thanks to the PayPal and Stripe gateways.

The free version of Dokan includes:

  • Unlimited Vendors
  • Frontend Vendor Dashboard
  • Order Management
  • Vendor withdraw system
  • Store Widgets

Dokan multivendor marketplace plugin really shows its full potential in market management, starting with the ‘Professional’ version. In fact, this package offers features that are quickly becoming indispensable, such as:

  • Subscription management (Subscriptions) allows you to bill your sales reps a fixed monthly amount so they can sell on your marketplace.
  • The choice of commission type: do you keep a percentage or a fixed amount for every sale?
  • Stripe Connect integration: Stripe Connect manages multiple vending vehicles that automatically distribute money to each provider and reduce commissions fairly. This module is essential for a marketplace.
  • 9 premium modules: With these, you can expand the functionality of your store. 

Dokan has more features than some multi-vendor marketplace plugins. Perhaps the most important feature is the integration with one of the world’s most popular eCommerce platforms (WooCommerce) and the world’s leading content management system (WordPress).

Quality products, reputable suppliers, and effective marketing are just as important as sales volume. A plugin that works well with popular eCommerce platforms will make it easy to get started and profitable.

6. How To Start A Marketplace Website With Dokan Multivendor Marketplace

No matter what type of multi-vendor store or marketplace you are trying to build, Dokan multivendor marketplace is the most suitable solution that you will find inside WordPress. Dokan extends the capabilities of the most popular eCommerce plugin, WooCommerce, providing the best frontend experience combined with the exceptional features that every marketplace needs. It is the must-have multi-vendor plugin on the market right now.

Step 1: Choosing Domain & Hosting

The first thing that you need is a domain and hosting. The domain is the URL of your marketplace. So, when choosing the URL, make sure that the URL resembles your brand name. You can find numerous domain and hosting providers out there in the market. Choosing web hosting should not be taken lightly. You need the one that is fast, dependable, and cheap. A domain name is the address of your website. Make sure that the name you choose is catchy and memorable. 

Step 2: Install The Best CMS, Wordpress

When you are done with buying a domain and hosting, you will have to install the best Content Management System WooCommerce. WordPress is powering up more than 33% of websites and its popularity is growing more than ever. What sits on top of it is that it comes with numerous SEO (search engine optimization benefits) too.

After downloading the zip file for installation, you can upload it easily from the Cpanel of your hosting.

Step 3: Install & Activate WooCommerce

Now, it’s time to install the best eCommerce solution, WooCommerce on your website. It is completely free!

If you are in doubt about the popularity of WooCommerce, 42% of total websites are using WooCommerce for their solution. To install WooCommerce, navigate to the WordPress Admin Dashboard > Plugins > Add New > Search for ‘WooCommerce’. After that, install and activate the plugin.

 

After activating WooCommerce, you will get a fantastic setup wizard that will allow you to configure payment gateways like Stripe, PayPal, and other fundamental things for your store.

Step 4: Time To Extend Woocommerce With Dokan Multi-Vendor Plugin

Now, you are all set to install and activate the best multi-vendor marketplace solution, Dokan.

To install, navigate to the WP Admin Dashboard > Plugins > Add New > Search for ‘Dokan’. Then install and activate Dokan.

 

Step 5: Configure Dokan

After activating Dokan, you will get an amazing setup wizard much like WooCommerce.

While completing the setup wizard, you have to ensure that you enabled the New vendor selling and set the vendor commission percentage for each order.

To adjust and set up the Dokan store, follow the steps below:

  • Step 1: Choose Customize
  • Step 2: In the "Customize for Dokan" section, you can edit the layout, header store, adjust the display filter, display format and layout of the WooCommerce store.
  • Step 3: Select Update to complete the changes

To Set Up Withdraw & Payment, you do the following:

  • Step 1: Select Withdraw.
  • Step 2: If you want to withdraw money, select Withdraw Request.

You enter the amount to withdraw into "Withdraw Amount" then select the "Payment Method" corresponding to withdraw money Then press "Update".

The command will then switch back to the "Approved Requests" section to wait for approval.

Canceled requests are not approved, you can check at "Canceled Requests"

To Customize Dokan Store Profiles, follow these steps:

  • Step 1: Select Settings
  • Step 2: Choose Customize

        In the Shop Customizer section

        Edit the Shop name in the Shop name section

        Section Dashboard Header Logo to replace the logo display.

  • Step 3: Select Update.

You can refer to the video tutorial below:

 

You could also get more information by watching this video:

 

While completing the setup wizard, you have to ensure that you enabled the New vendor selling and set the vendor commission percentage for each order.

Then keep the payment methods enabled that you have and set the minimum withdrawal-limit for your vendors. After that, check the completed box so that vendors can only request withdrawal only when an order is completed.

Step 6: Turn On Anyone Can Register Option

Next up, make sure to turn on anyone who can register so that your vendors and customers can register to your site. You can do it from the WP Admin Dashboard > Settings > General > Turn on Anyone can register

Fortunately, Dokan comes off with its own vendor and customer registration pages.

Step 7: Set A Theme For Your Marketplace

Using an appropriate theme is really important for any eCommerce store. A good theme can help create a good impression on your visitor’s mind.

Interestingly, Dokan comes with not only a special free theme but also supports a host of premium themes. To install the theme you could download the zip file and upload the zip file by navigating to the WP Admin Dashboard > Themes > Add New > Upload a Theme > Upload the zip file then activate the Theme. It’s super easy!

Now, Your Marketplace Is Up And Running!

Multi-vendor market websites are on the rise for a reason. The convenience they bring for sellers and customers is the secret behind their popularity. They not only save time and energy, but provide visitors with a huge number of products they can choose from. The best part is you need only two things to start building your multi-vendor market today: WooCommerce and Dokan plugin. We hope this article brought you some interesting insights about these plugins. Good luck with your new multi-market business!

If you intend to start your own marketplace but do not know where to start or you need advice on how to grow your marketplace, do not hesitate to contact our consultants who are experts in this. Our super-friendly team will offer you the best advice.

Thanks for reading!