How to make money with your online marketplace?

jMarket allows you to build your own online mall like Amazon, Ebay and Groupon.

jMarket is a complete multi-vendor shopping cart. A B2B and B2C e-Commerce solution for Joomla that has been carefully developed to support your online business and allow you to connect with your business community.

This robust and feature-rich marketplace lets multiple independent vendors selling their products via centralized storefront. jMarket gives you all the tools to optimize, diversify and leverage your sales. Specifically designed to help you get your business started, grow quickly and sell more product.

There are 3 ways you can make money with your online marketplace using jMarket.

1. Subscription and  Membership Marketplace

A subscription membership store is where vendors pay a monthly or annual fee to get access to your store. This revenue model transform your site into a recurring income generating business.

  • Credit Limit Subscription

Limit the number of products and images the vendor can upload depending on the subscription package.

  • Time Limit Subscription

Time limit is a subscription base on time e.g daily, monthly, yearly, etc... There is no limit on the number of products or images they can upload as long has they still have enough time before the subscription is over.

  • Time and Credit Limit

Using time and credit limit, you can restrict the number of products and/or images a vendor can upload  for certain period of time. e.g 1 month 50 products...

Apps you need to start a Subscription and Membership Marketplace;

  • jMarket Pro is already a complete package which includes jAffiliates, jFeedback and IP Tracker.
  • jSubscription to handle the subscription and membership. Need to buy separately or purchase the bundle.

Read this article to learn how to setup a Subscription and Membership Marketplace.


2. Commission Structured Marketplace

Store admin takes certain percentage on every vendor sale. This can be done automatically or manually.

1. With Paypal Adaptive payments, the amount is automatically transferred to the admin and vendor once the order is completed.

2. If don't like to use Paypal Adaptive, the commission is automatically calculated by the system but the amount is not automatically transfered to the other party. If vendor is the main receiver, he will be responsible for transferring the commission amount to the admin using any mode of payment transfer.

Apps you need to start a Commission Structured Marketplace;

  • jMarket Pro is already a complete package which includes jAffiliates, jFeedback and IP Tracker.

Read this article to learn how to setup a Commission Structured Marketplace.


3. Commission and Subscription Marketplace

You can setup different subscription plan for different vendor restrictions.

To understand this idea better, let’s follow with an example.

Company XY offer 2 subscription plans for different vendor restrictions.

Gold Membership
Store admin takes 2% commission on every vendor sale

Silver Membership
Store admin takes 15% commission on every vendor sale

If you want you can also add some restrictions on the subscription by limiting the number of products a vendor can upload but it is optional.

The store admin setup a subscription plan that is connected to a commission program.

Apps you need to start a Commission and Subscription Marketplace;

  • jMarket Pro is already a complete package which includes jAffiliates, jFeedback and IP Tracker.
  • jSubscription to handle the subscription and membership. Need to buy separately or purchase the bundle.

Read this article to learn how to setup a Commission and Subscription Marketplace.

  • Monday, 29 July 2013