Detailed explanation of entry threshold and advantage analysis of Meikeduo e-commerce platform
Overview of entry requirements
Monthly turnover threshold
Meikeduo sets different monthly turnover thresholds for different types of sellers. The conditions for regular sellers to enter are that the average monthly sales of a single store on a single platform in the past six months must reach more than US$20,000, while brand sellers must reach more than US$60,000. This adjustment is aimed at attracting sellers with scale and strength to provide higher quality goods and services.
Other entry conditions
In addition to monthly turnover requirements, Meikeduo has also set a number of entry conditions, as follows:
- Enterprise legal person qualifications: Only corporate legal persons registered in Mainland China or Hong Kong, China are accepted;
- Sales experience: Have sales experience on mainstream cross-border platforms (such as Amazon, eBay, Wish, AliExpress, Shopee, etc.), and the total sales volume is not less than US$60,000;
- Price requirements per customer: The price per customer must be above US$15, with the optimal range being US$20-50;
- FBA operation experience: Sellers with FBA operation experience will be given priority;
- High-quality supply: With stable and high-quality supply, brands and sellers who are deeply involved in vertical categories will be given priority;
- SKU quantity: The number of product SKUs must be more than 100;
- Payment Account: A Payoneer account is required.
Seller portrait
Mikeduo gives priority to sellers with the following characteristics:
- Have your own brand or focus on a specific vertical category;
- Professional teams capable of managing supply chain, logistics and customer complaints;
- Have strong compliance awareness and be able to deal with the complex compliance environment in Latin America;
- It is recommended that the order price be above US$25.
Platform advantages
Zero cost entry
No fees or deposits are required to register on Meikeduo platform. Sellers only need to provide a set of information to open Meikeduo’s four major sites for free. The platform no longer charges monthly fees, and sellers can list listings for free.
Diversified logistics options
Meikeduo provides a variety of logistics options, including official logistics from China directly to Mexico and seller-chosen logistics. In addition, qualified Chinese sellers can also enjoy local warehousing and distribution services in Mexico for free.
Support local currency settlement
Meikeduo supports payment in users’ local currency and common settlement methods, and sellers settle in US dollars. Fast payment cycle, generally after the buyer receives the goods and the accumulated amount reaches 500 US dollars, the seller can receive the payment in about 2 weeks.
Exclusive translation service
Meikeduo provides exclusive translation services to eliminate language barriers and enhance customer experience.
Expand international markets
Sellers can operate multiple countries with one account and expand more markets by joining Meikeduo’s cross-border trade CBT plan.
Notes
Full warehouse review
Sellers in the Full warehouse may receive systematic review, including prohibited products, infringing products, live products without compliance certification, etc. Violating products may be required to be withdrawn from the Full warehouse.
Full warehouse use
After the Full warehouse is opened, if it is not used for a long time (it is recommended that there are goods in the Full warehouse or a shipment number has been created and an appointment has been made within 7 days), the Full warehouse permission may be revoked, especially during major sales.
To sum up, although there are certain requirements for entering the Meikeduo e-commerce platform, the convenience and support it provides also open the door for sellers to enter the Latin American market. For sellers interested in entering the Latin American market, Meikeduo is undoubtedly a cross-border e-commerce platform choice worthy of serious consideration.