First, let’s discuss what is Seataoo?
Seataoo is an online cross-border e-commerce platform, Seataoo Philippines was established on October 2022. As a rookie cross-border e-commerce platform, Seataoo has been favored by users since its establishment. Currently, they got over 300,000 users as of June 2023 and serve 25 countries, yes! Seataoo not only sells or provides services within the Philippines but Globally.
Seataoo also owns e-commerce websites like Shopee and Lazada. They also got an app in Android and IOS, achieving this platform as a rookie who just established last 2022 is already amazing. Although, I notice there a still some improvements needed to make their website, and app more user and customer friendly.
You can also find them in their office on the 12th Floor, Cocolight Building, 39th Street corner 11th Avenue, Bonifacio Global City, Taguig City, Metro Manila, or contact them on their telephone number (02) 8712-7516 or reach them thru email at firstname.lastname@example.org. They also got a warehouse here in the Philippines but the address is not mentioned, so I’ll mention it here once I got the details.
Is Seataoo SEC-registered?
Based on my research I managed to check from SEC official website that SEATAOO INFORMATION TECHNOLOGY OPC (one-person corporation) is registered to SEC under the 2022100070764-07 registration number. Even their sister company BRICS SEA MERCHANT OPC also SEC-registered under the 2023010081975-49 registration number.
What is OPC?
SEC-registered is important?
Next, Let’s discuss the Seataoo Business Model.
Seataoo provides a comprehensive set of tools and resources to help business owners build and run their online stores effectively. This includes templates for the store design, access to a powerful sports product warehouse, payment processing tools, and various marketing tools to promote their business and attract customers. By providing all these essential foundations, Seataoo aims to simplify the process of running an online business and enable business owners to focus on their core competencies and grow their business.
They provides free advertising and online traffic to help each store achieve sales, which is a significant advantage for independent business owners who may struggle to attract customers on their own. By choosing Seataoo’s platform and services, these business owners can gain greater visibility and generate more revenue.
They carefully select partners for suppliers, warehouses, logistics, and payment providers to help business owners by providing them with cost-effective and secure solutions. By sourcing products directly from factories and using cheap and safe logistics methods, They can offer affordable prices and fast delivery to customers. And by partnering with trusted payment providers, Seataoo ensures payment security for both buyers and sellers.
All of these services help business owners focus on running their stores and selling their products without worrying about logistics and payment issues. Seataoo has its own customer service team trained to handle all kinds of after-sales services to ensure customer satisfaction. This includes addressing any issues with product quality, shipping, and returns. By having a dedicated team to handle these tasks, business owners can focus on other aspects of their business and not have to worry about customer service.
Now let’s Google the meaning of E-Commerce and Dropshipping so you understand more.
What is “E-Commerce”?
E- commerce is the buying and selling of goods and services online. It involves the use of the internet and digital technologies to conduct transactions between businesses, individuals, and/or governments. E-commerce has revolutionized the way people shop and do business, making it more convenient and accessible to a wider audience. It includes various types of transactions, such as business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer (C2C) transactions like Lazada, Amazaon and Shoppee.
What is “Dropshipping”?
In Drop shipping, the seller does not have to hold inventory or worry about managing a warehouse. Instead, they rely on the third-party supplier to fulfill the orders directly to the customers. This allows the seller to focus on marketing, customer service, and growing their business without the added costs and time associated with managing inventory and shipping logistics.
How Seataoo earn from this kind of Business model?
Dropshipping business relies on finding the best products to market to their customers and typically do not need to worry about sourcing, storing, or shipping the products themselves. Seataoo’s professional warehouse directly purchases products from factories without going through distributors, allowing sellers to maximize their profits by offering competitively priced products to their customers. Seataoo does not charge any commissions or intermediary fees, only earning a slight price difference when supplying goods.
Seller Obligation and Requirements
What is a Seller?
The seller is the one going to choose which product going to sell on the Seataoo e-commerce seller website and the one who going to fund the initial worth of each product they sold.
What is the requirement to be a Seller?
- Patience, ROI (return of investment) can’t happen in just a few days, it may take time depending on your seller site’s performance and the products you are selling. If you don’t have this then this is not for you.
- the initial investment to fund your Seataoo wallet (you only need to fund your wallet when you got orders) You can start with any amount but I think the ideal is 5,000 PHP ~ 30,000 PHP as initial capital or “puhunan”. Once you’re familiar with the process, you can now go for a bigger capital.
- You must be 18 yrs old and above
- You need a valid ID like National ID, Passport, Driver’s License, etc for verification.
- You need a cellphone or laptop and internet
- You need a PH bank account to withdraw your profit and cash in.
- Gcash, optional only for easier cash-in process
- You need to a referral code: 81355897ll (for faster approval of your seller account) or you can register here with referral ready link.
- Once your seller account was approved, wait for the account specialist to contact you before publishing a product, He/She may contact you from your mobile, or email so don’t forget to add it to your profile setting.
- Tips: as a beginner, I suggest choosing a product that cost less than 200 PHP, so you’re not overwhelmed with bulk orders. Imagine you choose 500 PHP worth of products and you got 20 orders worth 500 PHP that’s 10,000 PHP initial capital needed.
Note: Everyone can be a seller as long you got those requirements above even if you’re not based in the Philippines.
Potential Income in Seataoo
Income in Seataoo depends on the value of the sold products, on each product you can earn from 3% to 7% of its value.
For example, If you set a 7% markup on all your products, you can earn 7,000 PHP on every 100,000 PHP you sold
Maybe you worrying about how you can sell 100,000 worth of products in Seataoo then worry no more Seataoo is Global it serves 25 countries and that billion potential customers and all of its sellers mostly received bulk orders every day. based on other sellers’ experience 100,000 PHP of sales can be reached in less than a month and if you put bigger capital and place higher price products in your store 100,000 PHP can easily reach in just a week or two.
Sellers do not need to worry to market their shops as Seataoo will do all the marketing (Google ads. Facebook ads, Tiktok ads, etc). Mostly they just need to worry to fund the initial worth of their products from day 1 to the 25th until their frozen funds are moved to their wallet balance then all you need is to reinvest your current profit to get more profit or withdraw it.
Based on my observation of how everyone gets a pie, here’s an example, we a sold product with an original worth 1,000 PHP from the factory, and if we sell it for 1200 PHP in our shop, so 200 PHP is our net profit. This is 200 PHP net, 100 I think will go to Seataoo and 30 is for the shipping fee, and the last 70 will be our profit with this Seataoo and Seller both get profit in the end and our customer will get a free shipping promo. it’s a win-win for everyone.
Advantage of being a Seller early in Seataoo
Remember all products in Seataoo can be sold by its seller and as of now you can’t add your own personal products (maybe in future updates) means everyone is selling the same item. For example, if you search for an item costing 200 PHP and below, you will see more than 30x search results for one item because every seller now selling it means it’s too saturated. So being an early seller is a benefit since your shop can have more reviews and sales than the new seller who just joined recently, reviews will attract more buyers, and it’s a sign of trust. Another benefit of being early you can advertise Seataoo and earn a 3% sales commission from new members you ask to join.
Many people advertising Seataoo and asking for putting their referral ID
One reason is that your referrer will gain a 3% commission on every sale you got. This 3% will be deducted from the commission Seataoo earns from your sales, not from your commission. Also not from the amount of money you invested as capital. Seataoo is an e-commerce + dropshipping business, not an investment platform or networking business.
Putting a referral ID (81355897ll) is a must, for your seller account so it will be approved ASAP.
as Referrers their responsibility (not mandatory) is to guide their subordinate, on how to operate their shop, teaching them how to cash in, how to add products, what are the best products for starters, how to pick up orders, and how to withdraw their earnings. so if you’re planning to be a seller in Seataoo, do not just add their referral ID, look for someone who offers to give their guidance and is willing to support you for your Seataoo journey.
If you got any more questions feel free to contact me at https://t.me/seataoodubaiph
Questionable facts about Seataoo
Why do you need to publish 10 products or more to get orders? if you published just 9 products you can’t receive any orders even if your store is still visible on the website or app, same as you got 10 items or above, so what is the difference even if you got both exposure. From my own perspective, all orders are possibly made by bots, since there certain conditions need to be met. If orders are really made by bots means where the orders really came from and the profits? Also, why did they force people to publish 10 products or more and fulfill all the orders else they will close your store? One possible reason is Seataoo force you to deposit more capital and discourages you to withdraw it all because if everyone does this no one can withdraw since the fund used for that also came from someone’s depositor. you are force to reinvest it until the right time comes (it’s up to you to think about what is that). Seataoo can’t provide any proof how the bunch of orders came from or where your deposit really goes to. if you know the answer feel free to comment below.
Technically Seataoo took every work you may need to do if you set up an e-commerce + dropshipping website, in terms of site maintenance, programming, inventory, warehouse, payment process, and delivery. All you need to do is to set up your seller account, put some funds on it to pay the initial worth of the product you sold, and then take the profit after the customer received the products which takes 15-20 days timeframe.
Since Seataoo earns a small percentage on every product you sold as a seller, Why does Seataoo need to SCAM other people? It’s a win-win scenario since Seataoo and Seller both earn something on every product they sold on their website.
But if everything from questionable facts about Seataoo (mention above) is true then this can be a SCAM in the future.
Still DYOR (do your own research), it’s your money so you’re the one responsible for it, and in case you invested make sure it’s only your extra money.
Disclaimer: The author is not related to Seataoo or part of their team, I’m also a Seller and investor like you, here is my Seller website https://seataoo.com/shop/Sab-and-Migs-Enterprise-46420 (updates: my store closed last July 2023)
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