May 20, 21  |  Irfan Raza

Best Opensource Ecommerce Marketplace Software Available Today

ou've come to the right place if you're hunting for a low-cost and open-source ecommerce platform. Technically, you might use almost any ecommerce framework, since the majority of them are already reasonably priced.

The open-source model, on the other hand, has received a lot of praise from users, particularly given that these online store systems are totally free, are maintained and built by a large number of people all over the world, and you will usually find a lot of documentation and blog posts to help you along the way. When looking at and selecting one of these ecommerce systems, it's critical to consider what kind of development experience your company is striving for. Due to the immense popularity of open-source software in recent years, a lot of high-value alternatives have popped up and have promoted the digitizing of brick-and-mortar stores. Each platform claims to have the best technology and feature set. 

We have listed some of the best ecommerce marketplace softwares today to help you decide which is right for your business:

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  • OpenCart

OpenCart is a PHP-based eCommerce platform that is very prominent. OpenCart is a PHP-based eCommerce platform that is very prominent. Personally, I worked on it for a project and had a decent – if not outstanding – experience.

It can seem that it isn't well-maintained, but it is still available and used by a large number of web developers. You get support for a large number of plugins while also getting the majority of the important functionality built right in.

It might not be the perfect “modern” eCommerce site for some, but it is worth a shot if you want a decent open-source PHP-based solution. OpenCart should be available to set up on most web hosting sites that allow one-click software installation. You can read more about it by visiting the official website. 

  • Magento

Magento is of the best open source ecommerce platforms available. The platform is extremely feature-rich and creates opportunities for businesses to create things like membership plans, recurring payments, and discounts. If you seek complete control over the design and functionality the simple answer to this is Magento open source. Magento Open source is very similar to WordPress and its support community is extremely strong. A user can use thousands of themes and extensions. The feature list is exhaustive, and available right of the box. Not all will agree with Magento being the end-all-be-all of all ecommerce platforms. It is notoriously resource-hungry, therefore you might have to allocate a decent amount of time and money for website optimization, as this platform has been known to slow down websites.

Magento is usually handled by people with development experience. Larger companies will prefer Magento because of its features and they shall be able to secure a talented developer as well, who is well versed in developer code.

  • WooCommerce

WooCommerce is a WordPress plugin that allows online stores to be run. WooCommerce allows you to conveniently customize the look of your store. As a result, you'll be able to market goods on your own terms. This open-source platform's flexibility makes it the ideal eCommerce platform for creating the exact online shop you want. Building a marketplace requires lots of customizations and woocommerce offers exactly that. So if you are deciding to start an online store you can go with the woocommerce marketplace extension. The extension converts your woocommerce store into a multi-seller marketplace. 

  • Shopify

Shopify is one of the most used eCommerce platforms for turning your shop into a multi-seller marketplace. That, too, in the most straightforward manner possible, thanks to an enhancement called Multi-vendor Marketplace App for Shopify. Before we get into the specifics, let's go through the benefits of using Shopify. 

  • Why should you use Shopify?
  • There are no coding skills needed.
  • As a novice, you can use Shopify to launch an online eCommerce company with a small investment.
  • You don't need to pay programmers to apply the codes to your online store as you can do it yourself.
  • Shopify is entirely web-based, i.e. it is hosted on the internet. To run your shop, all you need is an internet connection.
  • Furthermore, there is no need for device upgrades or repairs.

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Factors to Consider When Deciding on an Ecommerce Marketplace Platform for Your Store

When deciding on the best eCommerce platform, speed of rollout, expense, inventory size, and a variety of other factors may all play a role. We have listed all those major decisions and divided them in three major categories. The final decision will depend on if your decision is motivated by speed, customizability, technology, consumer type, or developer culture. 

  • Time to Market 

Due to the coronavirus outbreak, many stores with little to no online presence were forced to switch sales online... quickly. Speed to market is a crucial factor that helps you to get the jump on your rivals in any situation, not just in a crisis. Transformation is a complex process that necessitates the use of appropriate technologies. 

  • Customizability

Different brands, clients, and geolocations are only a few of the variables that necessitate your online store's tuning to the preferred buyer journey. It's about having the freedom to create whatever you want for whomever you want. Magento in this case trumps its competitors by offering alternatives and is still more flexible than any other alternatives thanks to the marketplace with third-party plugins.  

  • Tech Stack

You shall be able to future-proof the shop by using a tech stack that uses new technologies. Unlike legacy technology, investing in newer technologies will future proof the software and modules that make up your eCommerce and will ensure that they remain important and functional in the future.

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  • Can I build an Ecommerce Marketplace Website for Free?

The majority of the frameworks we've looked at allow users to create free ecommerce websites with minimal features. However, there are a few exceptions, such as Square, which is gracious enough to offer complete ecommerce functionality for free. 

  • What’s the Best Platform for Building an Ecommerce Marketplace Website?

Despite the fact that there are a few seemingly dominant alternatives you might have heard of, the ecommerce platform market is very large. There are a variety of choices available, each with its own set of features, and some also have tools tailored to various types of stores.

There is, of course, no one-size-fits-all platform for creating an ecommerce site. Rather, the suitability of a platform is determined by your specific requirements. 

  • How Long Does it Take to Build an Ecommerce Marketplace Website?

It could take five minutes, ten minutes, an hour, or even a day. It all depends on your abilities, the kind of online store you're creating, its sophistication, and the website-building features provided by the platform you choose.However, choosing a platform that blends a user-friendly website editor with dynamic customization capabilities is often a good idea.

Shopify is a prime example of this, as it offers convenient features for building an ecommerce website in under 15 minutes.  

  • How to choose the right ecommerce marketplace platform?

Based on their merchandise, desires, and priorities, the right way to sell online can vary from retailer to retailer. Each marketplace and ecommerce platform has its own set of advantages and disadvantages.

Both have monetary risks involved with them. Marketplaces can charge a variety of prices, including listing fees and a percentage of each transaction. A monthly hosting fee is charged by many ecommerce sites that assist you in the development of a website. You can also spend a lot of money on advertising for each, as well as on ecommerce shipping management.

Many online retailers sell on both marketplaces and their own website to expand their user base and brand image. Some chose one to begin with and then grow into others as they gain experience.

It's important for the ecommerce marketplace platforms to be compatible with the other technologies you use.  When systems are connected, they can communicate with one another, allowing for more visibility and less manual processes.

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The best thing about it is that the software listed in this post are mostly free and are continually evolving. That's a major bonus if you want to save money in the short term while quickly scaling up in the long run.

Although the benefits of open source ecommerce solutions are apparent in this article, if you have sufficient funds at hand you can also opt for a non-open source solution such as Shopify, BigCommerce, or Volusion. You only pay a small subscription fee for these sites and will not have to worry about web maintenance or hosting, and you shall even have dedicated customer service.

This style of ecommerce framework, in my view, is designed for rapid scaling.

Want to get highly vetted leads for your organization? Sign up now to get your company listed on the Platform and start your trajectory towards growth.

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