This article will discuss the value of the FondMart Market, its growth rate, product richness, Commissions, and pricing of products. Those interested in this niche market should check out this article. It is an informative read and may help you to make an informed decision about your investment. We will also cover the pros and cons of this marketplace. Here is a brief overview of the benefits of participating. The FondMart market is currently worth US$580 million.
FondMart’s growth rate
Since the launch of FondMart, nearly 76% of all brands on the platform have grown in sales. Of these, 35% have grown by 100% by 2021. One of our customers managed to increase its monthly sales from $50,000 to $330,000 in just four years. It increased its staff from three to fourteen people and expanded its product range from 500 to 2,000 items. In addition, the American brand’s monthly growth rate has maintained a 10% pace.
Despite these positive results, some people remain skeptical about the future of online fashion retail. Despite these concerns, it’s still possible for the market to change in the next few years. One potential change in the online fashion industry is the emergence of plus-size goods. Search results for plus-size items on FondMart have increased year over year in the past five years. And this trend is projected to continue. The company is currently testing the 45-day global door-to-door delivery service.
Product richness
One of the reasons that shoppers are attracted to FondMart is its product richness. Unlike traditional retail chains, FondMart enables shoppers to find and buy more brands than any other platform. Its unique model and partnership with global carriers allow it to deliver products to 195 countries within seven to 15 business days. Moreover, customers can enjoy high-quality exchange apparel at a very low price, reducing their investment costs.
The company’s merchandise team will keep you working efficiently, providing recommendations for the products that are most suitable for your store. The site’s database contains more than 200,000 products from 5,000 suppliers and 15,000 designers from around the world. The company also has a powerful data analysis team that can help buyers find the best suppliers and products. It also offers manual assistance for each of its buyers who need it. Its product richness makes it a good choice for activewear wholesale who want to maximize their profit margins.
Commissions
FondMart’s unique selling platform allows for high-end customization, enabling buyers to create an individual look with the products that they choose. The platform relies on more than 5,000 suppliers and 15,000 designers, ensuring that the site’s products are always up-to-date. The website also has a highly sophisticated data analysis team that works with buyers to recommend products that fit their preferences and budgets. Buyers are provided with a recommended list of 200 products every half-month, enabling FondMart to keep their business working effectively.
As a member of FondMart, you do not have to pay a membership fee. You pay only for the product and the shipping fees. It is possible to add your brand name to your invoices and packages, as well. The only downside is the limited product selection. Unless you want to sell luxury or high-end fashion items, this site isn’t for you. But if you’re looking for the best way to source high-quality products from a trusted online platform, you might want to consider Graffiti.
Price of products on FondMart
The price of products on FondMart is not the same as the price of the same items on other online retail platforms. The quality rating of each supplier is dynamically adjusted and updated on a 60-day cycle. The brand buyers can choose from a broader range of products and suppliers with the support of FondMart’s merchandise team. The platform works with 5,000 suppliers and 15,000 designers to offer a rich product range and a strong price advantage.
Conclusion
The two Chinese companies that run FondMart and Simple share the same parent company. Both companies sell about 20 million pieces of clothing annually and have offices in major producing cities in China. Simplee has a network of 1,000 in-stock suppliers and 3500 designers and has opened seven offices in major producing cities in China. FondMart is the first and only Chinese marketplace to carry out quality checks on suppliers’ products. The platform also makes after-sales commitments to its buyers. If buyers report any defect in the products, FondMart will settle the claims and reexamine all aspects of the transaction.
