Meesho is an eCommerce platform, and it is India’s largest and most trusted marketplace for Resellers. Who sell products online through WhatsApp, Y, and Facebook! More than 50,000 resellers are registered, you can consider Reseller as an affiliate marketer who helps suppliers to find buyers for their products and in return, the affiliate marketer takes a commission on each sale.
Full form of Meesho:
Meesho stand for “My eShop”. An app that enabled physical stores to take their inventory online and sell through social channels.
How do you Benefit from Meesho App?
Meesho is a platform from where many small businesses and affiliate marketers can make money. Meesho helps them grow their online business by providing, knockout products at the lowest prices, best quality with an easy return policy, doorstep delivery all over India, online & COD payment options. These resellers or affiliate marketers are usually housewives or fashion influencers who operate WhatsApp and Facebook groups, with hundreds of potential buyers looking for something to buy.
How To Earn Money with Meesho App?
Meesho is also similar to Amazon and Flipkart. They provide you with an online platform from where you can sell your products and services directly to the customers. Affiliate Marketers or Resellers can earn by selling fashion and lifestyle products on Whatsapp and Facebook.
Meesho App offers the buyers or clients a vast collection of quality products procured from the best suppliers. You can impress your audience with social media platforms by sharing products on it, you can choose your choice of platforms like Facebook, WhatsApp, etc.
If you start getting inquiries you can add your margin on top of excise and shipping charges and share the financial price with your customer and finally, when the customer confirms the order and places the order on the app. You will receive all the notifications regarding the status of your order.
How does Meesho Make Money?
Meesho make money in many ways below are listed few of them:
Commission
Meesho earns through commission which is charged from the sellers or from the registered businesses. Whenever any reseller or affiliate marketer sells any product on the Meesho platform, then meesho will charge 10-20% commission from the seller of that product.
Rank Push
On daily basis, many sellers register their business on the Messho platform. Sellers who want their products to be displayed at the top of the product page, in this case, Messho charges sellers a commission to have their products displayed at the top of the page. It can add another source to generate revenue.
Selling of Data
Nowadays, Meesho has emerged as a growing eCommerce platform with huge data of consumers and sellers. There are many companies that make money by selling their audience data to other companies. But Meesho did not violate any privacy policy, they can only sell that kind of data which does not violate any privacy concerns
Logistics
Meesho earns money through delivery charges which are very high. They are trying to effectively push it down. By using logistics techniques, Meesho can earn several bucks in its revenue.
Is Meesho successful?
YES! Meesho Founder aims to help the MSME sector (Micro, Small and Medium Enterprises). Because there are many small businesses in India who are struggling to maintain their place in the online platform. Meesho showed the way and revolutionized the industry.
Meesho is the newest organization to join the Unicorn Club. Meesho achieved a valuation of $1 billion in just 5 years. He currently raised funds from the $300 million SoftBank Vision Fund 2 with a valuation of 2.1 billion. Existing investors Facebook, Shunwei Capital, Venture Highway, and Knollwood Investments are also engaged in this funding round.
Vidit Atre, founder of Meesho said, social resale business in India is expected to be $6-7 billion in size by 2020. By 2025, social commerce is expected to amount to ~$70B and the whole of eCommerce as a number of $200 Bn. Online buyers, especially in Tier-II cities and beyond, are on a steady rise. After the pandemic, Meesho has also seen an improvement in the adoption rate in India
He also added in his statement that “Overall, over 70% of our orders come from Tier II+ towns. We have seen great adoption in Tier II+ towns during the pandemic: We have served 2000+ new Tier II+ cities since June and our order share from these cities has also increased from 67% to 72% between July and December 2020 “
Now Meesho is on the next level but behind the success of Meesho is a lot of effort as we see in the section “How Meesho Started”. He continued to work on his idea, modifying the business model wherever needed and taking advantage of the opportunities that came up.
How to Start Reselling with Meesho in 3 Simple Steps?
Step:1 First of all install the Meesho app and sign up with your phone number. View all popular Meesho wholesale products (e.g., Kurtis, Surat Sarees). After registering in it you will receive regular notifications about new products (eg jewelry, beauty products) with pictures and catalog details.
Step:2 Share your favorite catalog in which you are interested and want to share with your family, friends, or existing customer network on your WhatsApp group, Instagram & Facebook page/group, and get order requests. You can share meesho catalogs on Facebook Store and WhatsApp with Meesho’s One-click share option.
Step:3 After registering with Meesho and sharing Meesho products on your social media platforms that when you finally receive an order request, receive payment from your customer and after adding your commission, create order from their side on Meesho App. Place an order You can earn with Meesho by adding a profit margin on each sale and get weekly cash bonus rewards by placing more orders.
Founder of Meesho
Meesho was founded in 2015 by batchmates and IIT Delhi graduates, Vidit Atre and Sanjeev Barnwal, who quit their jobs at InMobi.
Conclusion: To sum it up, Meesho is a one-stop-shop for resellers. It’s a platform where you can start your business in just three simple steps!
Recent Comments