De Minimis Rule Ends: What Sellers Must Know and Do Before August 29
The U.S. will end the de minimis exemption—the rule that allowed packages under $800 to
Fyndiq is another name for discounts in Sweden.
Fyndiq is a Swedish marketplace that is popularly known as Sweden’s largest bargain house. They claim to have 1.6 million subscribers and 2 million website visitors each month.
Fyndiq marketplace is best for shoppers who offer discounts. The average selling price on Fyndiq usually is less than £ 20. Fashion and accessories, health and beauty goods, kid toys, home & living, and gifts are among the most common categories.
With an adult population of 7.3 million and an estimated £ 7.9 billion online retail turnover in 2016, Sweden has the largest eCommerce market in the Nordic Region. Swedes are excellent online shoppers for 95 percent internet penetration and 67 percent do so on a monthly basis and spend an average of £ 1,668 per annum.
In Sweden, brand awareness is strong, particularly among young adults between the ages of 18 and 25, and families reaching more than 85%. They have built up a core consumer group of women millennials with brand awareness of 95%.
The products which are among the top-selling items on Fyndiq are-
Fyndiq is well known as the online discount marketplace – a brand that is connected to about 3⁄4 of Sweden. Over the last year, Fyndiq produced more than £ 32 million – and bearing in mind that it’s just from 7.3 million adults, that’s a huge amount of sales.
Fyndiq marketplace had a total of 1 million website orders in 2016 and the total transaction reached 35 million euros
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Fyndiq manages all customer communications and deals with retailers only if necessary, so it’s doubtful you’ll ever need to speak to Fyndiq customers at all. All you need to do is make sure you respond quickly to any Fyndiq support emails. (If you do not respond quickly to email help, your sales can pause, so be sure to keep a close eye on your email!). Fyndiq helps sellers to deal with everything from marketing and payment solutions to customer service and works as a contract retailer. All you have to do is concentrate on discovering cool goods, offering high-quality product details and delivery.
Register for a merchant account and you will be ready to start listing products. There are no start-up fees or investment costs applicable to Fyndiq, either-when you sell a product you just pay a sale charge and a category fee. These are low cost, and if any sellers require the latest information about Fyndiq then they can refer to Fyndiq’s Merchant Wiki.
Experienced discount sellers who can ship cross-border goods are particularly welcomed by the marketplace. The Fyndiq team expresses by saying that they expect companies and individuals who fit the description to do exceptionally well, irrespective of where they are located. The Fyndiq backend also provides a dashboard for analytics to keep you on top of your seller’s performance and help identify trending products.
To start selling on the Fyndiq marketplace you have to follow the below steps:
“My turnover is now over SEK 700,000 a month on Fyndiq! They have helped me achieve volumes I would never previously have dared dream of, but now I know it’s possible”- Rashid, The Mobile Store
“With the help of Fyndiq, we have boosted our growth and now reach out to a wider target group. Their excellent support means that we can focus on increasing our sales instead of spending time resolving customer service issues.” – Emanuel and Andreas, Stylingagenten
“I started my sales on Fyndiq with SEK 5,000 in start-up capital and a big interest in e-commerce. In my third year, my turnover was over a million and I am still growing.” – Ea, Easi
“We started working with Fyndiq in 2011 and this was hugely beneficial to us from day one! Our sales have increased dramatically and Fyndiq’s fantastic staff keep us updated on the latest e-commerce trends.” – Simon, Teknikproffset
If you’re already selling online, you probably already know this, but it’s worth remembering: writing great titles, descriptions and using multiple high-quality images with different angles and zooming will maximize your returns. The more information you provide your customers with before they make their order, the less likely it is that you will encounter empty checkouts or products returned.
Well, with the above facts and figures, we can conclude that Fyndiq is the best marketplace for Swedish sellers. If you are ready to sell on Fyndiq, then CedCommerce will help you in selling seamlessly on Fyndiq by providing the best eCommerce integrations.
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