How to find the source of goods when opening a store in Wish? Is it profitable to open a store?

With the rapid development of the e-commerce industry, Wish has become the first choice for millions of sellers around the world. For those who want to open a store on Wish, how to find a reliable source of goods and the profit potential of opening a store on Wish are issues they are concerned about.

1. How to find sources of goods when opening a store on Wish?

Domestic wholesale markets: China has many wholesale markets, such as Yiwu, Guangzhou, Shenzhen and other places, which are the preferred sources of goods for many sellers. You can go directly to the market to select goods, or establish long-term cooperative relations with suppliers.

Manufacturers: Direct cooperation with manufacturers can get lower prices and customized services. You can find manufacturers related to your product, conduct on-site inspections or communicate directly online to establish direct purchasing relationships.

Online platforms: Many online wholesale platforms, such as 1688 and AliExpress, provide sellers with a wealth of supply options. These platforms bring together a large number of suppliers, making it easy to filter and compare.

Brand cooperation and authorization: If you are selling products from well-known brands, you can consider cooperating directly with the brand or obtaining authorization, so as to ensure the authenticity of the goods and the brand effect.

Overseas procurement: For specific products or sellers pursuing quality, you can consider purchasing from overseas markets, such as Europe, the United States, Southeast Asia, etc., and you can transport the goods to China through international logistics.

Use online tools and software: There are many software and tools on the market that help sellers find sources of goods, such as SaaS systems, etc. These tools can help you analyze market demand, screen high-quality suppliers, and improve procurement efficiency.

2. Is it profitable to open a store on Wish?

It is possible to make money by opening a store on Wish, but the specific profitability varies depending on many factors. The following are some factors that affect the profitability of opening a store on Wish:

Product selection strategy: Choosing hot-selling and competitive products is the key. Through market research and data analysis, choosing products with high potential demand can increase sales opportunities.

Pricing strategy: Reasonable pricing is the key to profitability. Consider costs, competitor pricing, and target profit margins to develop prices that are both attractive to buyers and competitive.

Logistics and supply chain management: Efficient logistics and supply chain management can reduce costs and improve customer satisfaction. Optimizing logistics channels, choosing reliable logistics partners, and timely inventory management are all factors that increase profitability.

Marketing and promotion: Use various marketing tools provided by the Wish platform to promote products, such as advertising, promotional activities, etc. Effective marketing strategies can help increase exposure and conversion rates, thereby increasing sales.

Customer Relationship Management: Providing quality customer service can increase repeat business and word-of-mouth communication. Responding to customer inquiries in a timely manner, processing returns and refunds, and establishing an after-sales care system can all increase customer satisfaction and loyalty.

Compliance and risk management: Compliance with Wish platform regulations and local laws and regulations is crucial for long-term stable operations. Avoid penalties and losses caused by violations and ensure the normal operation of the store.

It takes a lot of effort and strategy to open a store and make money on Wish. From source selection to marketing promotion, every step is related to the store's profit potential. By deeply understanding market demand, optimizing operation strategies and continuously improving, Wish sellers can achieve good sales performance and achieve profit goals.