Undeniably, Singapore recently has developed into a hotspot for ecommerce business to grow. If you are just a newcomer to the ecommerce area, starting selling your products on the marketplace is an easy way to see the increasing profit. In this article, we will list the top best online selling platforms in Singapore 2023 and guide you how to sell on these.
Basically, a website that connects sellers and consumers and enables online purchasing is defined as an online selling platform (or online marketplace).
There are various pros for businesses to sell their products on the online marketplace:
Some cons to consider when selling your products on selling platforms:
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Shopee is the top ecommerce platform in Taiwan and Southeast Asia, and it has a rapidly expanding global footprint. Here are 7 steps to sell your items on Shopee
1. Sign up on Shopee App / Seller Centre
2. Create a Shop Profile
3. List your products
4. Add your bank account information so you can withdraw money
5. Choose your shipping method
6. Make shipping arrangements with Shopee Supported Logistics as soon as you receive an order
7. Verify and take money out of the seller balance
In order to sell your products, you don’t need to pay any register fees, however, Shopee charges you an amount of transaction fee for each of your sale
Here are steps to take at the beginning of selling products on Lazada
1. Create an account on Lazada Seller Centre
2. List your products
3. Link your bank account to transfer revenue to your bank account
Importantly, you should be aware of the following three sorts of fees if you sell on Lazada in Singapore:
There are 4 steps to start selling on Amazon:
1. Register as seller
2. List your products
3. Fulfill your product order (based on your company’s requirements, select your chosen fulfillment option (merchant fulfillment or fulfillment by Amazon).
4. Get paid and keep track of your sale
When being a seller in Amazon, in addition to the monthly price of S$29.95 (excl. GST) you have to pay for Amazon, there is a fee for each product sold. Various categories have different prices.
The selling process in Qoo10 has 7 basic steps:
1. Create a profile
2. Establish a product listing.
3. Sell goods
4. Buyers pay for the goods.
5. Send the items you purchased
6. Verify delivery of the order
7. Receive the earnings
The service fee for Qoo10 is minimal and is applied once the transaction is finished. The seller fee for a seller in the “normal” grade is 12% for sales under S$200, 10% for sales in the S$200 to S$500 range, and 8% for sales over S$500. The fee for a seller with a “good” grade is 10% for sales below S$200, 8% for sales between S$200 and S$500, and 6% for sales over S$500. The seller fee for a seller in the “power” grade is 9% for sales below S$200, 7% for sales between S$200 and S$500, and 5% for sales over S$500.
Moreover, there are no registration or listing costs.
Opening a store on a marketplace can be an affordable approach to launching your ecommerce business if you’ve been considering doing so. However, if your goal is to build and scale up your brand, opening an ecommerce website for your business will be an ideal way. Learn more how to build an ecommerce website at __________