CAN YOU STILL MAKE RM40,000 WITH SHOPEE MALAYSIA 2021? SHOPEE DROPSHIP,SHOPEE STOKIST ? l WENG HONN

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A lot of people says that Shopee is the best place to start online business .

A lot of coaches says that with Shopee you can earn 4 , 5, 6 even 7 figures within month.

A lot of coaches also claim that dropshipping is the best way to make money in Shopee.

How true is that ? Decide yourself after watching this video .

#1 Shopee Fees

A lot of people is not aware of different type of Shopee fees.

Why is this important?

Put it in a simple way , it is part of your cost .

This is the fees Shopee fees structure . Some may apply to you some may not .

And this fees is updated on Jan 26/2021 .

Transaction fees all to all sellers is 2.12%

Service fee for free shipping for Sellers who joined RM19 Free Shipping Package 4.24%

Sellers who joined 10% Coins Cashback Program 3.18%

If you join both it will be 6.36%

And if you are a shopee mall sellers you will be charged 5%

Lets for example ,

You are a shopee mall sellers and you join  both RM19 Free Shipping Package and 10% Coins Cashback Program .

So total fees shopee charge you is

2.12%+6.36%+5.30% =13.78% and this have not include voucher , bundle deal and others discount that you give to sellers.

Imagine your products has a profit margin of 50% ,in simple calculation

You only left 36.22%

This is for shopee Mall . Most shopee mall sellers will have higher profit margin as they are the brands owner .

What about others seller.

 

Lets say a normal stokist.

 

Transaction fees all to all sellers is 2.12%

And  this seller joined both RM19 Free Shipping Package  and 10% Coins Cashback Program so is  6.36%

Total 2.12+6.36=8.48%

Then plus voucher discount 5% so total will be 13.48% is gone .

If this sellers have 40% margin you will left 26.52% still not too bad.

What about a dropshipper?

To be competitive, dropshipper also need to join in free joining , coins cashback , and also giving out vouchers.

So it will be pretty much same as stokist which is 13.48% .

Most dropshipper profit margin is between 15% to 30% .

30% is consider very high .

So after minus shopee fees the margin will left only 1.52% – 16.52%

Ok , it seems still ok if you are having 30% profit margin , after minus the shopee fees you still have 16.52%

But , you forgotten about cost for shopee ads .

Without Shopee ads , it is pretty hard for a new shop to get sales or even traffic to our new store.

 

Why sellers love to sell on Shopee ?

Simple because it is the highest traffic marketplace in Malaysia .

Type of Sellers in Shopee

For those that are new to Shopee , you may not know that there are actually different type of sellers in Shopee. I am not talking about shopee mall , preferred sellers .

# type 1 sellers

Dropshippers supplier.

Yes ,some of the sellers in shopee that are providing sellers to dropship their products and resell back to shopee.

#type 2 overseas sellers

Yes shopee Malaysia is open for sellers overseas such as China to directly sell in Shopee Malaysia.

 

#Type 3 Wholesale Sellers

Yes , some sellers inside Shopee , there are also wholesaler where we can buy from them and resell back in Shopee .

#type 4 Own Brand sellers

This own brand sellers can be a sole brand owners as main distributor for a certain brand or , oem own product

# type 5 stokist

Stokist will be sellers that buy in bulk overseas or local and resell back to Shopee

#type 6 Digital products

This type of sellers will be selling digital products such as voucher , videos programme and ebook.

#type 7 Dropshipper

Dropshipper will be taking products from dropship supplier and reseller back to shopee.

So these are the main 7 shopee sellers . If you know any others sellers in Shopee , feel free to comment below .

If you look at this cycle , if the amount of own brand sellers does not grow as fast as dropshippers suppliers,  overseas sellers , wholesales suppliers that sell back to shopee , all the products in Shopee will be full of “recycle products “ or duplicate products .

Because unless the brand is unique and authentic , there is a very high chance that the sellers are taking the products from overseas or local wholesaler or dropship supplier.

And it is super easy to buy from website such as 1688 , or some of the sellers are buying directly from china sellers inside shopee as well .

It is like when you go to a shopping mall, all shops are selling the exact same products and brands , because the bigger sellers inside the shopping mall are selling their products back to the seller inside the products.

What will happen ? The shopping mall will lack of “freshness” , the shopping mall is “boring” and “ stagnant” .

People will go to the mall is just look for the cheapest price , since all products are the same .

The shoppers experience towards the products are low . people go to the mall plainly for the cheap price.

And therefore , as a seller it is very important that you innovate your products and be different with others sellers.

So , after watching this short video , Can you still make money with shopee?

Comment below.