When it comes to today’s blue ocean e-commerce platforms, MercadoLibre is undoubtedly the leader. As the largest e-commerce platform in Latin America, it has huge traffic and many customers. In addition, the current limited number of Chinese sellers has brought huge opportunities to Chinese sellers. However, if Chinese sellers want to open a store on the MercadoLibre platform, what requirements do they need to meet?
The MercadoLibre platform does set some thresholds for Chinese sellers to open a store:
Document proving that the store’s monthly sales exceed $60,000.
Store name and overseas warehouse product delivery plan.
Overseas warehouse sellers need to fill in the MercadoLibre store opening information.
Provide a stable and high-quality supply, and self-owned brands or brand authorization are preferred.
Products with at least 100 SKUs.
The average customer unit price of the product is higher than $15, and the customer unit price of overseas warehouse model products is more than $23, and they are not counterfeit or fake.
In addition to meeting the requirements for opening a store, Chinese sellers also need to prepare relevant store opening materials:
Business license of a company in mainland China or Hong Kong, China.
Business license legal person ID card.
Experience in cross-border e-commerce operations and provide a store link.
Once you meet the above store opening requirements and prepare the relevant materials, you can apply to Meikeduo to open a store.
The process of opening a store on Meikeduo is as follows:
First, create a seller account and fill in the company information as required, including company name, contact information, password, country and detailed address, etc.
After completing the account registration, log in to the seller center, enter “My Account”, check whether the account and company information are correct, upload the company logo, set up bank accounts, logistics, etc., and complete the account information.
After confirming that the account information is correct, you can apply to the investment manager to activate the store, and then you can start uploading products for sale.
After submitting the application, wait for Meikeduo to review it. The general review period is about 10 working days. The review includes product evaluation, qualification review, and the validity and completeness of application materials. After the review is passed, you will receive a phone call and an invitation email. If you fail the review, you will not receive an email notification for the time being.
In addition, there are now some third-party service providers that have investment cooperation with Meikeduo, which can open a store faster and more conveniently than self-registration.
In general, the store opening process on the Meikeduo platform is relatively simple, but the threshold is high. Sellers must ensure that the information is true and fill in the information carefully before submitting the application. At the same time, after opening a store, you must do a good job in product selection, operation and other aspects to form your own advantages more quickly and make full use of the unlimited business opportunities brought by the Meikeduo platform.