March 04, 2019
Since its introduction to the ecommerce world in 2015, Jet has quickly risen in fame and proven itself to be quite the competitor, even earning enough interest and reputation to be acquired by Walmart. Jet offers a rather unique buying experience in that its entire schtick is giving its customers the best possible deal. This is achieved with a few different factors:
Your distance from the nearest warehouse
The amount if items purchased
Waiving the right to returns
Jet’s algorithm takes all of these factors into consideration when you do a search for an item and will list you the best deals. The only ‘catch’ being that you don’t see the sellers, but Jet does this to ensure you get the best deals every time you shop with them. So when you take the three factors above and work them to your advantage, you’ll get a better price in the end. For example, buying from a warehouse that’s closer to you will lower the price. Buying a larger quantity from the same seller also works to lower your price.
There’s only a few qualifications to meet in order to become a Jet Retail Partner: good, quality products, competitive pricing, and quick shipping fulfillment. Once you qualify, you just need to provide your Tax ID, number, annual online revenue, and any shipping details upon sign-up. Selling on Jet is pretty similar to selling on Amazon, but instead of the monthly fees Amazon throws your way, you’ll have around a 15% fee for most of the items you’ll sell. However, Jet has no admin panel, so you’ll have to use an external inventory management program or software. That’s where having an ecommerce consultant comes in handy!
Jet is a great option when it comes to expanding your ecommerce business into new marketplaces or multi-channel sales. Check out our page detailing online marketplace expansion for more info on Jet or to see if any other online marketplaces may be of benefit to you!
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