What is Qoo10? Qoo10 Review

Qoo10 is the largest e-commerce platform in Singapore. It originated in South Korea and is a product of the cooperation between Giosis Gmarket and eBay. The platform is famous for its cheap goods. The platform has a wide variety of goods, including various electronic accessories, clothing, food and even tickets. It can be said to be the Singapore version of Taobao. The company has operated 7 shopping website platforms in 5 countries including Japan and Singapore.

Origin of the name

Qoo10 is the name given to the website by Chairman Gu Yongpei. Q stands for quest, which means exploration; the two 'O's represent eyes, and 10 stands for perfection. We hope that consumers can find all kinds of satisfactory products on our shopping website.

Entry conditions

1. Business license of the enterprise;

2. UnionPay cards that accept SGD;

3. Have relevant experience in the cross-border e-commerce industry (provide store links such as eBay, Amazon, AliExpress, Wish, etc. for review.

Store registration process

1. Taking Qoo10 Singapore as an example, first log in to the official website, switch the language to Simplified Chinese at the top of the website, and click Free Registration.

2. But what we need is the seller’s account, so we need to click the red button on the right: “Seller Login”.

3. Then a dialog window will pop up and we select "Register as a seller".

4. Then the page becomes the seller registration process. The information is the same as that used to create a buyer account. This is similar to registering for a Taobao store. The seller account is expanded based on the buyer account, so you must have a buyer account before you can have a seller account.

5. Then you will receive an account verification link from the platform in your mailbox. After clicking verification, you will be automatically redirected to the welcome page:

6. Next, you need to click confirm to confirm. After clicking next, you also need to fill in the seller information.

When filling in the seller information, choose personal identity or company/group according to your own situation. In addition, please note that the user name must be between 5 and 20 letters or numbers. Qoo10 requires sellers to purchase Q-Cash. 10,000 points require 100 Singapore dollars, which is equivalent to about 400 yuan. The role of Q-Cash is to participate in group purchases, daily specials and recommendations for later products. And these points cannot be refunded, but if there are not enough points, the seller cannot proceed to the last step, that is, submitting identity and bank documents.

7. Click the 10,000Q gold coin recharge button in the picture above to make the purchase. You cannot proceed to the next step without purchasing.

8. The last step is to submit a scanned copy of the corresponding bank account opening certificate. The platform will complete the review within 1-7 working days.

cost

·The platform does not charge any investment fees;

·No charge for single upload, 1Q coin for batch upload of 1 SKU;

The commission starts at 15%. As the store sales increase, the platform will rate the store, and the commission will be reduced for high-quality stores;

·Qoo10 requires a deposit of 10,000 Q coins (100 SGD) to join.

logistics

Ship domestically by yourself or use Qoo10's Qexpress logistics.

Receiving Payments

Both the company's public account and personal account are denominated in SGD, and personal accounts do not require a legal person;

The platform will make the payment 15 days after confirming that the product has been successfully delivered, and it must be confirmed that the receiving account can receive Singapore dollars.

Penalty for selling counterfeit goods

Qoo10 respects intellectual property rights. If you sell counterfeit goods, unauthorized products, or products prohibited by local laws, and violate the platform rules:

1 time: The platform will issue a warning letter and permanently delete the relevant products;

2nd time: The platform will give a warning, remove the relevant products from the shelves, and forbid the upload of any new products for one month;

3 times: The store will be permanently closed.

Qoo10 Singapore Station Advantages

Currently, the Qoo10 platform has opened up the market in many countries and regions in Asia, but it is currently only recruiting investors for the Qoo10 Singapore site. Although Singapore has a small population, its economy is very well developed. In addition, as the largest online store in Singapore, Qoo10 has huge traffic (up to 3.15 million UVs per month), which means that its sales and profit margins are very promising.