What are the entry requirements and fees of BestBuy? What are the characteristics?

If you want to do cross-border e-commerce now, there are actually many platforms to choose from, but you need to understand the relevant rules of each platform, such as the advantages and requirements of the platform, etc. What are the requirements and fees for entering BestBuy?

1. What are the entry requirements and fees of BestBuy?

At present, BestBuy is not completely open to entry. Currently, Best Buy sellers need to submit an application first, and only after the platform approves it can they proceed to the next step of filling in the store information. Therefore, everyone must fill in the relevant information truthfully according to the platform's requirements, which will make it easier to pass the review.

It is recommended that you have certain sales experience on other platforms and have sufficient SKUs, which will make it easier to pass the application.

2. What are the characteristics of BestBuy's business?

1. BestBuy has a single business model and takes the approach of continuously reducing costs.

Best Buy has created a new business model: large-scale home appliance specialty stores + chain operations, with products displayed in warehouse-style or sample displays. This not only brings together many brands, but also makes it easier for consumers to buy and reduces operating costs.

2. Service and online transactions are the keys to success.

When opening Best Buy, consumers can easily find buying guides for a variety of products; Best Buy shopping guides do not perform promotional work and only appear when consumers need them.

3. Two-way expansion through self-construction and mergers and acquisitions.

Best Buy adopts two development methods: self-construction and mergers and acquisitions. The development of multiple stores enables the business district to expand rapidly, thereby increasing sales.

4. Close relationship with suppliers.

Best Buy adopts the model of payment first and then delivery, putting the business risk on itself, thus achieving a win-win situation among suppliers, consumers and itself.

The requirements and fees for entering BestBuy are actually not very high. The threshold for cross-border e-commerce is higher than that for domestic e-commerce, and the related initial investment is also more and more difficult.

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