If you want to know whether Wish can make money, here are some examples for you to judge for yourself whether Wish can make money.
1. Brands reported that counterfeit and shoddy products were rampant on the platform. Wish investigated and dealt with counterfeit and shoddy merchants in accordance with the law, deducted fees from some merchants, and suspended their business. Disagreements between sellers and Wish continued to arise. The policy of the Wish platform is stable, in line with the practices of overseas platforms, highly protects the rights and interests of buyers, attaches great importance to the protection of patents, and increases sales requirements for merchants.
2. Wish currently punishes products that have sales records within eight days and have been discontinued. Many Wish sellers have not been affected. The time limit of this penalty policy has been changed from seven days to eight days. This is a protection of Wish’s platform traffic resources, with the aim of creating a good buyer experience.
3. Wish changes prices at will, refunds are serious, and appeals are difficult.
4. Wish is different from Amazon, eBay and AliExpress. It can become a potential stock of cross-border e-commerce platform in just three years, because Wish has a set of business methods that meet user needs.
5. The threshold for applying for a Wish account is very low. Individuals and companies, large sellers and small and medium-sized sellers can enter, but the product approval is very strict.
6. Wish only recognizes data information and has many problems in seller management. Even if there are technical advantages, it cannot make up for Wish’s business weaknesses.
7. The operating system and standards of the Wish platform are imperfect and transparent, protecting buyers and ignoring sellers.
Many sellers said: “Wish platform is very powerful and capricious. It will change the price or shipping fee of the seller’s products without any notice. The extra money paid by the buyer will be taken away by Wish platform immediately. Customers can get refunds for random reasons every now and then. Wish generally does not communicate or intervene with the buyers. Sellers usually lose both money and goods, and cry about the refunds. Moreover, the approval rate of complaints is extremely low.”
In summary, Wish platform has both advantages and disadvantages. For cross-border e-commerce giants, they can often make money because there is a large sales market and a very good business environment.