wish does not have high requirements for sellers, so many people come to join the platform. However, before joining, you must understand the relevant fees to facilitate future operations. This article will introduce how much investment does a Wish seller need to open a store?
1. Wish sellers’ investment costs in opening a store.
1. Prepay the registration fee.
All seller accounts that completed the registration process after 0:00 on October 1, 2018 (UTC). At the same time, starting from this time period, inactive seller accounts will also be required to pay the fee.
2. Platform commission.
After the product is sold, the platform will charge a commission based on a certain percentage or a certain amount from each transaction. That is, after selling the product, 15% of the product’s income (selling price + postage) will be charged as a commission.
3. Other expenses.
Platform fines: After a seller opens a store and sells products, if he gives incorrect product information or sells counterfeit and infringing products, the seller may face fines. Each counterfeit product will be fined $1. If the seller points out that promotional products with a total transaction volume of more than $500 in the past 9 days are prohibited, the store may be fined $50. If a product that a seller applies for platform approval is found to violate the platform’s policies, the seller will be fined $100. What is mentioned above is the details of investment in opening a store.
2. Settlement requirements.
1. During the settlement process, enterprises need to provide valid mobile phone number, email address, ID card, company address, business license, legal person ID card, collection account and other information. Everyone only needs to practice according to the platform requirements.
2. If the brand is a well-known domestic offline brand, an Internet e-commerce brand, or other brands that meet the platform requirements, complete the form and submit it, and the account manager will help the brand settle in as quickly as possible.
3. Support Chinese brands. If it is an industrial factory, fill in the form and submit it, and an account manager will make a return visit with the filled in information within 3 working days.
The above article gives you a detailed introduction to how much Wish sellers invest in opening a store. Sellers who are interested can take a closer look and learn more, so that when they run their own stores in the future, they can promptly Solve various problems and make the store run better and better.