Detailed explanation of the cost of entering the Meike multi-platform: full analysis of store opening costs and operating costs

For sellers interested in joining the cross-border e-commerce market, it is important to understand the fees required to register on the MercadoLibre platform. As the leading e-commerce platform in Latin America, Meikeduo is favored by many Chinese sellers. This article will comprehensively analyze the Meike multi-platform from aspects such as registration fees, platform entry fees and operating costs.

Registration fee

It is completely free to register a store on the Meikeduo platform. This advantage provides entrepreneurs with a zero-cost starting point, allowing anyone to register and start operations without paying any fees. However, if the seller wishes to enter through a third-party agency to obtain a smoother entry experience, he may need to pay a service fee of approximately 4,500 to 5,000 yuan. Nonetheless, agent onboarding generally has a higher success rate and the process is more convenient.

Platform entry fee

Investment in registered company

In order to register a store and collect payments, sellers first need to register a company. The registration fee is approximately 2,500 yuan, and the specific amount varies by region.

Shop registration investment

If the seller does not have a store yet, he needs to purchase a store. According to estimates, the store cost is approximately 7,000 yuan.

ERP investment

In order to improve order processing efficiency and reduce error rates, self-shipping sellers need to use an ERP system. There are various ERP options with different prices on the market, and the general investment is around 1,700 yuan/year.

Product selection tool

The cost of the product selection tool on Meike’s multi-platform is about 199 yuan per month, which is about 2,388 yuan per year. Discounts may apply when purchasing through certain channels.

Printer/Packaging Supplies

Self-delivery sellers need a printer, and we recommend Jiabo 1324D, which costs about 400 yuan. The investment in packaging supplies includes various packaging supplies, which is roughly calculated as 1,000 yuan.

Rent costs

Assume that most sellers choose to work from home in the early stages of starting a business. Taking home office as an example, the monthly cost is 2,500 yuan (about 30,000 yuan a year).

Working capital

Self-delivery requires an advance purchase fee, which is determined based on the actual order quantity of the store. Taking 20 orders per day and a purchase cost of 40 yuan per order as an example, an advance capital of 36,000 yuan is required.

Operating costs

Transaction commission and handling fee

Meikeduo platform currently sets handling fee standards for different sites. On the Mexican site, the handling rate for goods is 17.5%, while on other sites it is 16%. In addition, each transaction requires a handling fee of 2% of the total amount.

Exchange rate fee

When making a withdrawal, since the settlement is in the local currency, if the seller chooses to convert the currency exchange rate into other currencies (such as Hong Kong dollars or RMB), exchange rate fees will be involved. Specifically, Meikeduo will conduct exchange rate conversion based on the Bank of China’s quoted price on that day, plus an additional 1% price difference.

Warehouse fees and last-mile delivery fees

For sellers using the FBM (Fulfilled by Merchant) model, in addition to the above fees, warehousing fees and last-mile delivery fees also need to be considered. If you choose to store the goods in Meikeduo’s warehouse, you can not only reduce the storage cost, but also pay the corresponding last-mile delivery fee.

Conclusion

In general, compared with other platforms, the entry fee of Meikeduo platform is relatively low. However, that doesn’t mean sellers can take it lightly. During the operation process, sellers still need to pay close attention to various expenses such as purchase costs and operating expenses to effectively control expenses. Only on the premise of reasonable control of various expenses can sellers increase profits and obtain greater benefits.

Through the introduction of this article, I hope that seller friends can have a comprehensive understanding of the entry fees and operating costs of Meikeduo platform, so as to better plan their own cross-border e-commerce path.