Why is Lazada the top websites builder in Singapore? How to list items on the platform? What are the costs of selling on Lazada? Read for more!
Lazada has a massive Ecommerce market share in Southeast Asia, especially in Singapore. If you are interested in selling your items online in Singapore, Lazada is one of the best solutions to consider. It is a top websites builder for creating ecommerce sites.
This website has the most stringent requirements for online businesses. It is a professional marketplace, with a solid payment system and logistics infrastructure. One of the biggest downsides is that it is expensive and effort-intensive to sell your products.
So, let’s see how to list your items on Lazada?
The first thing you need to do is register as a seller on Lazada. It is necessary to have a registered business and also have ready stock in Singapore. It takes about 1 week to verify your account and start selling your products.
Listing your products requires an extra effort. It is not as simple as on other marketplaces such as Carousell. One helpful thing is that the user interface is clean, however, there are a lot of fields to fill in and this requires a lot of time.
When it comes to payment and delivery, the customers make direct payments through Lazada, meaning there is no need for bank transfers. The platform takes a cut of your sale. For shipping, the Lazada sellers usually use NinjaVan or Singpost.
If you think that this is too complicated for you, you can always subscribe to the service “Fulfilled by Lazada” This is a logistics service that helps you deal with inventory, warehouse storage, shipping, and delivery. This service will cost you extra.
Lazada is not a free platform. The biggest expense is registering your business or online store with ACRA. It is a simple thing to do and you can complete the process online. This will cost you $315. Once you conclude a sale, Lazada takes 9% of the total price + payment gateway fee of 2%. For shipping and logistics, the cheapest option is to pay or use the standard delivery fee ($2.99 per order). The Fulfilled by Lazada service will cost you $3 per cubic meter per day + handling fee per item )from $0.69 to $2.99) + GST.
There you go – everything you need to know about selling online on Lazada!
— Maria Vaniatrip (@MariaVaniatrip) 15 de diciembre de 2018