Is Wish's no-source model a scam? Is it reliable?

Now many friends want to open a store. Compared with physical stores, the initial investment of e-commerce will be lower, and the no-source model does not have any pressure of stockpiling and capital turnover. Is Wish's no-source model a scam?

Is wish's no-source model a scam?

1. Due to the lack of supervision, among the many "no-source" cross-border e-commerce companies, there are many shell companies that make money by recruiting franchisees and collecting franchise fees. Some companies even simply make a profit from franchise fees and then move to a new location. Even the company name has been changed several times. The franchise fee ranges from 20 million to 300,000 yuan. However, most of the people who intend to try to join are exposed to cross-border e-commerce for the first time and do not have a deep understanding of this industry, or they have someone around them who has become rich by doing cross-border e-commerce. However, the entry requirements of some e-commerce platforms are to have their own brands and overseas warehouses, which is not an easy task for these e-commerce "novices".

2. So at this time, cross-border e-commerce companies without sources of goods have spotted the business opportunity, which is to sell the right to use the EPR collection system, or to open store training programs to earn high franchise fees. This model usually starts with friends and relatives, using the "pretext" of flexible models, low risks and high profits to lure them to join, and investment promotion becomes their only channel for profit.

3. The existence of a model means that it still has its value. It is worth exploring whether it is really effective or exaggerated by people with ulterior motives to harvest newbies. However, it is not recommended for e-commerce newbies to try it unless they have sufficient discernment.

4. Although the no-source model of cross-border e-commerce does exist, it has been used by some criminals to commit fraud, causing many people to fall victim. This has also caused some people to question the no-source model. In fact, if you want to avoid this scam, you must understand its principles and the logic behind it.

Wish's no-source model is not a scam, it's just that when everyone is looking for a source model, the most important thing is to find a reliable source. If the source is unreliable, it will easily result in returns during the order transaction process.

Recommended reading:

What are the requirements for opening a personal store? How to open a store?

How is Wish's profit calculated? How much is the profit generally?

Where does Wish's cross-border e-commerce traffic come from? How to obtain it?