Wayfair Online Marketplace Uk - Wayfair fulfillment

 

Wayfair Online Marketplace Uk

12/03/20220

Wayfair Marketplace is an online retailer of furniture and home goods. For third-party sellers that are looking to expand further than Amazon, eBay, and other ecommerce platforms, Wayfair is an affordable and satisfying option. Wayfair Incorporation is an American-founded ecommerce company that specializes in selling furniture and home goods. 

Wayfair Marketplace was formerly known as CSN Stores and the company was founded in 2002. The online company is headquartered in Boston. Wayfair has over twelve million square feet of warehouse space in Europe, including: UK, Germany, Ireland, as well as North America and Canada, with many fulfillment centres. From 2019, the company offers 14 million products from a huge total of 11,000 global suppliers. 

Wayfair runs five branded retail websites: the main Wayfair site, Joss & Main, Birch Lane, AllModern, and Perigold.

It is an eCommerce platform with an interesting specialization – furniture and home goods. If your products were made specifically for the interior or exterior design of houses, this will be the perfect place for you. The site may not be as popular as eBay or Amazon, but it is 9th ranked in US companies with leading eCommerce sales in 2020 alone, totaling in 9.42 billion dollars. 

Let’s examine the platform and see why it could be the best concept to ever happen to your eCommerce business.

 

WHAT CAN I SELL?:

As a customer, you can find anything from beds, showers, baths, sofas and pillows, lighting, furniture for babies and kids, and even for pets. As a seller of home goods, this site is a perfect opportunity to begin or to further expand your business (depending on your current level). As long as your store contains anything that can be used as home decor, this site will benefit your business massively. 

 

To be a Wayfair ‘partner’, you don’t have to pay anything to them directly, which is one of the biggest attractions to the platform. 

99% of eCommerce platforms will take a cut of your order as a transaction fee, however, Wayfair doesn’t do this. Wayfair operates on the wholesale cost model, which means that they will set a higher than retail price on their site, and pay you the wholesale price of your products, taking that little bit of profit, making their profit on the margin.

Wayfair is a dropshipping platform, meaning that they will send the customer order to your warehouse or supplier and ship out the product, we will expand on this further in the article. They organize and pay for 100% of the shipping fee meaning that all you need is to pack and have the product ready to ship.

 

Selling (or ‘partnering’) with Wayfair is known as a zero-risk investment for your business. This makes way for a sustainable financial relationship between the site and its sellers. In other words, Wayfair is all positive, with very few negatives. 

 

  • Let your business shine with their personalized recommendations and powerful learning programs.
  • Launch your products with ease. 
  • Get in touch with your business and customers like never before with their industry-leading tools.

 

HOW TO SELL:

  • SIGN UP

Join their “Partner Home,” the easy-to-navigate seller platform. With a simple setup system, you’ll have an account created in no time!

  • UPLOAD YOUR CATALOG

The second step is to add your catalog, from beds to rugs- anything home decor, is acceptable on the site. 

  • BEGIN SELLING

Wayfair will help you to optimize your operations, merchandising, and exposure to their 27 million customers.

 

EXTRA PERKS: 

  • Advertising

Their extremely smart ad services connect you to the right customers.

  • Logistics

Their world-class shipping network quickly takes products from factory to the buyer.

  • Merchandising

Their 3D imagery technology brings your wares to life, helping customers to really see how the products can look in their home. 

FEES:

Wayfair Marketplace does not take a percentage of their suppliers’ sales like the route that most other ecommerce retailers choose to take. They decide to operate on the wholesale cost model, meaning that they pay their suppliers the wholesale cost of their items, and they set the retail price, determining their profit on the sales. The volume of the revenue that Wayfair generates comes from the products that it sells on its web properties. Specifically, Wayfair purchases products from thousands of brands in bulk making its money whenever that product is sold at a profit.

Wayfair chooses to work on a vital pricing system, which is continuously learning about the best price of all items and making retail price adjustments. While the supplier provided an initial cost as a component of that formula, there are other factors that could cause a price to change such as shipping costs or handling fees, although this is covered through the Wayfair methods of selling the product higher than the set price given. 

SHIPPING:

Wayfair Marketplace works primarily on the dropship model. This entails sending the customer order to a warehouse, which is then under-pick, pack, and prepare services to send the product directly to the end customer. Wayfair organizes and pays for 100% of the shipping cost. 

DROPSHIPPING IN MORE DETAIL:

 

Dropshipping entails outsourcing all or most of the supply chain process, from product sourcing or manufacture to fulfillment. A manufacturer or a third party might manage manufacturing, storage, shipping, and consumer delivery.

This strategy appeals to certain sellers since it can cut overheads. You handle marketing and other business activities, while another service handles actual items, including the fulfillment process.

 

We are an e-commerce order fulfillment service. Ukprefulfillment can fulfill your Wayfair orders… check out our pricing here:

 

 

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