How to do wish? How much money is needed?

Wish is a world-renowned e-commerce platform that provides merchants with broad sales opportunities. For merchants who want to do a good business on Wish, it is very important to understand how to operate and promote correctly.

1. How to do Wish well?

First, choose the right product. On the Wish platform, choosing the right product is crucial. We can identify potential and competitive products through market research and competition analysis. At the same time, product quality is also a crucial factor. Ensure that the product has good quality and performance to meet the needs of consumers.

Secondly, optimize product information. On the Wish platform, product descriptions and pictures are important elements to attract consumers' attention. We should write accurate, detailed and attractive product descriptions and use high-quality product pictures. This can increase product exposure and purchase conversion rate.

Next, set a reasonable price. Price is one of the important factors that consumers choose to buy. We need to set a reasonable price based on market conditions, costs, profits and other factors. When setting prices, we must also consider discount promotions to attract more consumers.

Then, provide high-quality customer service. On the Wish platform, good customer service can help us win the loyalty and reputation of consumers. We need to respond to consumers' inquiries and questions in a timely manner and provide solutions and after-sales services. Actively communicate and interact with consumers to build good relationships and increase repurchase rates.

Finally, actively promote and publicize. In addition to selling on the Wish platform, we can also use other channels for promotion and publicity. Expand brand awareness and product exposure through social media, blogs, video marketing, etc. Participating in promotional activities and discount promotions on the Wish platform is also an effective way.

2. How much money is needed to run Wish?

The funding requirements for doing business on Wish will vary depending on different situations. Here are some funding aspects that may need to be considered:

Product procurement costs: Depending on the type of product selected and the supply chain situation, we need to consider the procurement costs of the product. This includes the purchase of raw materials, manufacturing costs, warehousing and other expenses.

Advertising and promotion expenses: In order to increase product exposure and sales, we may need to invest a certain amount of money in advertising and promotion. This may include social media advertising, search engine optimization, video production, blog marketing, etc.

Inventory management: In order to meet consumer demand and maintain a good supply of inventory, we need to consider the cost of inventory management. This may include warehousing fees, logistics and transportation fees, etc.

After-sales service and customer support: In order to provide high-quality after-sales service and customer support, we may need to invest certain funds to hire a customer service team or use customer support software.

It should be noted that the Wish platform does not require merchants to pay a deposit. However, in order to do a good business on Wish, we need to have a certain amount of capital investment to ensure the normal operation of processes such as product quality, promotion and publicity, and customer service.