How to open a store on Pacific Wise marketplace
What is marketplace?
E-marketplaces, also known as online marketplaces, are websites or mobile applications that connect buyers and sellers in the business-to-business and business-to-consumer markets. Sellers in marketplaces typically don't sell anything themselves. Part of their job is to facilitate communication amongst those involved in a certain market.
Why marketplace is important for your business?
Since Shopee, Pacific Wise, Lazada, and other online shopping marketplaces are so popular, you automatically have access to all of their customers without having to spend any money on marketing. It's a good chance for small business owners to make money without having to spend a lot of money.
If you make your own eCommerce site, you can have full control, make a lot of money, and make things easier to grow. Setting up and promoting a niche brand can cost you a lot, as it takes a lot of money. But if you choose a marketplace, you can sell your products online with some control while taking advantage of the global traffic, customers and services of a marketplace. Customers like to buy things from Marketplaces because they offer a wide range of products and make it easy to shop for everything in one place. Selling things on Marketplace could give you much more than this, though.
Which is the best B2B marketplace?
As a result of their efficiency and focus on results, business-to-business (B2B) marketplaces have become increasingly popular among retailers, manufacturers, and distributors. Many companies now seek out top B2B marketplaces, which they hope will supply them with a variety of tools, discounts, and services that will allow them to expand swiftly.
If your target market is B2B, SME clients, opening a seller account on Pacific Wise marketplace is the best option. Pacific Wise marketplace combined total sales had a rough total of 32,000 orders with an average of RM340.00 per bill. With online and offline orders combined, we had an estimated RM13+ MILLION of revenue, and 80,000++ SME Purchaser visitors in the year 2021.
How to sell on Pacific Wise Marketplace?
First 100 Registered Sellers who successfully uploaded products to their store will have a
FREE 1 Month Product listing on Pacific Wise Homepage
1. Register a Pacific Wise account
If you have an existing Pacific Wise account, you may continue to the next step. Or else, to register one now.
2. Register Seller Account
and fill in the relevant information.
- Person in charge name
- Person in charge number
- Registered PW Account email
3. Wait for Pacific Wise approval
Once you are approved to be a seller, you will receive an email from Pacific Wise about your status of registration is successful.
2. Shop Banner
- Dimension: 1600 x 535 pixel
| Merchant | Profit Sharing | |
|---|---|---|
| Merchant Discount Rate | 2% | 2% |
| Merchant Profit Rate | 5% | - |
| Profit Sharing Rate | - | 10 - 30% |
*Benefits of Profit Sharing - FREE to store your product at Pacific Wise and deliveries fulfilled by Pacific Wise for FREE*.
First 100 Registered Sellers who successfully uploaded products to their store will have a
FREE 1 Month Product listing on Pacific Wise Homepage (Worth RM200/Month)
Terms and Conditions
- Customer's payment will be made through the Pacific Wise website via add to cart and check out.
- Sellers will be charged 20% fees of the total product price to Pacific Wise if any sales are generated EXCEPT PW Partners.
- Sellers who had become our PW Partners will have different fees according to the partnership packages joined which can be viewed by Clicking Here.
- Sellers are only allowed to upload a maximum of 2 products onto the platform.
- FREE Homepage Product Listing is subject to availability. If eligible, sellers are required to choose only 1 product to be listed on the homepage product listing.
- Direct dealing between sellers and customers is prohibited. All seller transactions must be made via the Pacific Wise website. Pacific Wise reserves the right to terminate any seller's account if they are found or suspected to be dealing directly with customers.
- Pacific Wise reserves the right to amend any of the Terms & Conditions, privileges and/or to terminate this offer at any time without any prior notice, and the terms and conditions will be effective upon making the modified provisions available on the www.pacificwise.com.my.
- Pacific Wise does not and will not assume any obligation to notify you of any changes to the terms of the Agreement. Furthermore, Pacific Wise may add to, change, suspend or discontinue any and all aspects of the Service at any time, with no prior notice necessary.
- Contribution rate for "Profit Sharing" group of sellers will be between 10% to 30% based on the products and price offered. The fixed contribution rate will be determined by Pacific Wise after knowing more about your offerings.
- Pacific Wise has the right to determine the contribution rate of sellers.
- Pacific Wise has the right to determine the delivery fees and/or warehouse fees charged to "Profit Sharing" group of sellers if the products sold by sellers are too large or fragile goods.
