Shopee Last Quarter Sale 2018
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Do you know that South East Asian Marketplace is expected to experience 102 billion dollars worth of sales in the next six years?
Well, this does not come as much of a shock because we have been witnessing the immense growth potential of South East Asian Marketplace Shopee in the past couple of years.
In fact, Shopee last quarter Sale (Q4) of 2018 shows some impressive stats that stole the spotlight from others.
When summed up, this amounts to an increase of 74% monthly traffic for Shopee in the final quarter last year.
A report from krAsia shows a spike of 24% in the gross merchandise value (GMV) of the third quarter of 2018, which was 2.7 billion US dollars. The total gross value in this quarter adds another feather Shopee’s hat which was has risen to over 158.5 million.
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WooCommerce Shopee Integration is now live on Official WooCommerce Marketplace
Looking back at these 2 statistics it’s safe to say that the sudden expansion of Shopee in the South East Asian marketplace is not a fluke. But instead, it is a gradual rise towards making a name in eCommerce history.
So a few questions arise – Is Shopee a favorable place to begin for new sellers? Does Shopee have growth potential in the future? How to begin selling on Shopee?
Let’s go through them one at a time….
Is Shopee a favorable place to begin for new sellers
Shopee is one of the most preferred eCommerce destinations for new online sellers to begin their business.
In recent years, Shopee has been known to provide some immense experience for online sellers and customers.
Remember the last year November 12.12 sale where Shopee introduced a brand new concept of Live Streaming Sale Event featuring South Korean sensation Blackpink. The event turned out to be a massive hit resulting in a sale like never before.
Such type of initiatives makes Shopee unique and perfect for new online sellers as it gives a perfect opportunity towards building a brand.
So this concludes the topic that Shopee is a favorable destination for new online sellers to begin with.
Does Shopee have growth potential in the future?
Sometimes referred to as the Amazon of South East Asia, Shopee has been on the expansion spree of sellers and buyers. By attracting online shoppers due to its meticulous discounts and sales, Shopee is experiencing multifold expansion in a brief period of time.
A report from September, 2018 shows that currently Shopee has over 300,000 active sellers and this number is continuously increasing with time.
In South East Asian eCommerce market more than 74% traffic arise from mobile users and Shopee has done a good job attracting this traffic towards them.
The main source of attraction on Shopee is the sales period in the last quarter on events like Black Friday, Cyber Monday, Single’s Day and 12.12 events. Shopee has been successfully attracting millions of unique sellers and converting them into regular customers through these.
So yes!!! Shopee does have immense growth potential and in a few years will surely rise up to compete with eCommerce giants like eBay and Amazon.
Since we have now seen the scope from Shopee last quarter sale and the potential for Shopee in the future so let’s move on to the most important question….
How to begin selling on Shopee?
To be an online seller on South East Asia’s growing marketplace Shopee, sellers need to submit an application form on Shopee.cn and after a few necessary verifications, you are good to go.
Follow this link to understand Everything you need to know to sell on Shopee.
Looking back at the previous performance of Shopee in the past couple of years (especially Shopee last quarter sale of 2018), it’s quite fascinating how Shopee has managed to make a place among the hearts of millions of South East Asian sellers and customers. Shopee has shown astonishing growth potential and is expected to rise as the giants of the eCommerce marketplace in the upcoming future.