Not all eCommerce marketers are content with having an eCommerce store. Some of them certainly look forward to expanding their boundaries by converting their eCommerce store into a marketplace. After all, with online marketplaces like Amazon, eBay, Etsy, and others doing so well (admin, sellers, and customers satisfied), it should be on your list as well.
This time, we’ll be looking forward to having an understanding of a ‘Hyperlocal Multi-vendor Marketplace‘.
Have you heard of the term before?
The hyperlocal marketplace is one of the most popular and trendy market patterns as of now. Hence, if you aren’t familiar with the term or how it works, let us take a look at it in this blog.
What is a Hyperlocal Marketplace?
A marketplace that takes into account the requirements of a restricted geological territory is the hyperlocal marketplace. For instance, UrbanCompany and Fiverr are perfect examples of Hyperlocal service marketplace. Thus, to develop a marketplace one needs to track down an essential space. Setting up a marketplace is an erupting business thought.
Diverse business proprietors can enroll on a website or application and offer their products to the buyer in a restricted topographical region. Thus, an eCommerce hyperlocal marketplace has been set up. Furthermore, if you go for a stroll around your neighborhood market, you will track down all the fundamentals and basics accessible. The nearby marketplace will satisfy every one of your demands.
A portion of the significant variables hyperlocal marketplace is flourishing in are the Geo-location facility, on-time delivery, security, and convenience.
If you have a Prestashop platform, you can check out the Prestashop Hyperlocal Marketplace (about which we’ll be talking in this blog).
Features of the Prestashop Hyperlocal Marketplace addon
Hyperlocal functionality
With the Geolocation information incorporated and the PrestaShop Hyperlocal Marketplace module integrates the Google Maps. In addition, the shipping zones where the food, staple, and so on that are deliverable can present using the hyperlocal include. Hence, the admin can add various regions for sellers to enlist and merchants can add where they can convey the products. In case the shipping distance is far away, they can apply the default cost for their shipping
Manage sellers seamlessly
It is not difficult to approve or disapprove the merchant requests from the admin board of the Hyperlocal multi-vendor marketplace.
Product approval list
Any enrolled merchant can sell anything they desire. However, the admin can approve the rundown of products and classifications from the vendor records. In addition, the stock administration for food delivery, staple home delivery, and others should be possible effortlessly in a couple of steps.
Hassle-free commission management
The admin can undoubtedly break the commission as per the category of the articles. He/she may even make new categories if need be.
Simple transactions
The Prestashop Hyperlocal E-commerce Business module offers effortless exchange choices for customers, merchants, and the admin.
Seller transactions
The framework doesn’t consequently transfer the sum into the account of the merchant/seller. Hence, the proprietor of the store must save records for every one of the vendors and physically transfer cash to the seller. In addition, the Prestashop Hyperlocal Delivery Marketplace permits the admin to see two sorts of sellers’ exchanges, be specific Seller Balance History and Transaction History.
Payout request
The sellers can make a payout request for the earnings with the help of the Prestashop Hyperlocal Service Marketplace. The store admin can approve/disapprove the Payout requests with a button click. The sellers may indicate the total and reason for the payout and may pick any of the payment strategies determined. The admin can also approve or differ with the payout demands.
Email Templates for Notifications
For multiple occasions, like merchant registration, vendor account approval, product approval, survey updates, payout demand cautioning, and some more, the Prestashop Hyperlocal Delivery marketplace offers diverse instant email layouts.
Multiple payment and shipping methods
The admin can set multiple shipping and payment techniques. The merchants can indicate their strategies for shipping or the default shipping techniques determined by the admin. It will display in the Ship tab of the vendor’s dashboard. To present his customized shipping techniques, the merchant needs to add the necessary strategies.
GDPR compatibility
The Hyperlocal PrestaShop Marketplace is GDPR viable. It permits customers to quit from the customer list. Customers can see the vendor details if the admin permits the settings and sellers can close their shop at whatever point they need to.
Conclusion
If you have been wanting to convert your Prestashop store into a marketplace, start it with a Hyperlocal multi-vendor marketplace. With the help of the Prestashop Hyperlocal Marketplace addon, you can easily go through the process of bringing forth sellers onboard, registrations, and all the other things without any hassle. Know more about the Prestashop addon by clicking below.
