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.
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.
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 take 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.
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 them, I’m also a Seller and investor like you, here is my Seller website https://seataoo.com/shop/Sab-and-Migs-Enterprise-46420
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