The Latin American market continues to attract attention, and Meikeduo platform is the leading cross-border e-commerce company in the region and one of the first choices for Chinese cross-border sellers. Meikeduo has been committed to providing Chinese sellers with better services and store opening experience. For novice sellers who intend to settle in Meikeduo platform, one of the most critical issues is: how much start-up capital is needed to settle in Meikeduo platform? Today, we will explore in depth the funds required to operate a Meikeduo platform store.
1. Registration fee.
There is no need to pay any fees to register on the Meikeduo platform, and there is no platform monthly rent for store operation. Registration and operation are free.
If you choose to settle in through a third-party agency, a certain fee may be charged, generally around 4500-5000, depending on the service provider’s charging standards. This method is relatively easier to register successfully.
2. Platform settlement fee.
1. Investment in registering a company: about 2,500 yuan. First of all, a business license is required for subsequent registration of stores and corresponding receivable accounts. Therefore, it is necessary to register a company and find an agent, which costs about 2,500 yuan. The specific cost varies from region to region.
2. Store registration investment: Sellers who already have a store can skip this part. If you don’t have a store, you need to own one. At present, MercadoLibre has temporarily stopped Chinese sellers from registering CBT stores, and stores are relatively scarce. The investment in the store is about 6,000 yuan.
3. ERP investment: In order to reduce the error rate and improve order processing efficiency, self-delivery sellers usually need to use ERP. There are many ERP options on the market, and the price difference is large. In view of the limited initial funds, we use 1,700 yuan/year as ERP investment.
4. Product selection tools: Meikeduo product selection tools are available in domestic and foreign versions. Taking Damai Data as an example, it costs 199 yuan per month, which is about 2,388 yuan a year.
5. Printers/packaging supplies: Self-delivery sellers need printers. Considering unified accounting, we calculate it at 400 yuan. Packaging consumables include packaging supplies, single paper, utility knife, transparent tape portable packer, waterproof bags of various sizes and specifications, foam cotton and cartons, etc., tentatively set at 1,000 yuan.
6. Rent cost: Rent levels vary greatly across the country. Assuming that most sellers choose to work from home in the early stages of their business, taking home office as an example, it is 2,500 yuan per month (about 30,000 yuan a year).
7. Working capital: Self-delivery requires advance payment of procurement costs, which is determined by the actual number of orders in the store. Taking 20 orders per day and a procurement cost of 40 yuan per order as an example, 36,000 yuan is required.
The above are the main costs of the initial preparation stage for novice sellers, totaling about 80,000 yuan. In addition, other hidden costs and handling fees need to be considered. If there are some resources available, it is recommended to recalculate according to the actual situation.
3. Sales commission cost.
After successfully entering the Meikeduo platform, you need to pay sales commissions and delivery fees. Sales commissions are calculated based on a certain percentage of the sales price.
1. Sales commission at the Brazilian site: 16.5%, no additional fee for each item;
2. Sales commission at the Chilean/Colombian/Mexico site: There are different proportions according to the categories sold.
The specific fee depends on factors such as the sales site, category, and delivery method. After a successful sale, the sales commission will be charged in proportion.
Fourth, platform delivery fees.
The delivery fee of the Meikeduo platform is related to the place of shipment, the delivery destination, the store’s reputation level, and the delivery method. Self-delivery requires the payment of the official cooperative logistics freight, and the official freight calculator can be used.
Under the overseas warehouse (FBM) mode, Meikeduo Mexico and Chile stations support overseas warehouses. The cost includes the first-leg freight, regular warehousing fees, and last-leg delivery fees. The platform can reduce up to 50% of the last-leg delivery fee based on the store’s reputation level and the product price.
It should be noted that Meikeduo overseas warehouses also need to pay certain storage fees, which are divided into 3 sections (small, medium and large) according to the volume of the goods.
The registration capital and platform entry capital required to enter the Meikeduo platform are about 100,000 yuan. However, advertising fees and exchange rate fees should be considered after the store business has improved. If you plan to enter the Meikeduo platform, it is recommended to make adequate preparations and reasonable budget planning.