Newegg is one of the most trusted and popular e-commerce destinations for tech enthusiasts and professionals. It is one of the biggest marketplaces in the US as well. If you’re already successful on Amazon, eBay, and your website, you might be missing valuable niche audiences of Newegg.
As one of the leading online marketplaces, Newegg offers an impressive array of electronics and computer hardware that aims to appeal to both tech enthusiasts and everyday shoppers alike. If you are looking to reach tech enthusiasts and savvy shoppers, Newegg can open doors to a wider market and increase your sales. Newegg offers some significant advantages that help businesses grow and sustain themselves. This article will equip you with the knowledge that you need to succeed in Newegg.
A quick overview of this article,
- Overview of Newegg
- Advantages of Newegg
- Newegg Membership Plan
- How to Start Selling on Newegg
- How to List Items on Newegg
- How to Promote Products on Newegg
- How to Ship Products to Customers:
- Best Practices on Newegg
Overview of Newegg
Newegg is a prominent online marketplace specializing in electronics, computer hardware, and tech-related product lines. Newegg was founded in 2001. Now, it has grown to become a favorite destination for consumers. Newegg offers competitive pricing and frequent promotions, making it an attractive option for savvy consumers.
For sellers, Newegg provides millions of potential customers. It offers various tools and resources to help sellers manage their listings, promote their products, and simplify their operations.
Advantages of Newegg
Newegg offers several advantages that make it a popular choice among consumers and sellers. These are:
- Newegg has huge popularity among tech and gadget-loving shoppers. Currently, it has over 32 million buyers from 50 countries worldwide. The site’s primary audience is tech-savvy men from 18 to 35 years old.
- Newegg’s business service will allow you to sell your products directly to businesses. There are over 350 thousand verified business customers, which are healthcare institutions, service providers, educators, and government institutions.
- Newegg supports the sellers to empower them. If you are a selling partner of Newegg, then you have full access to Newegg’s marketing teams, service teams, and account management teams.
- Newegg provides fulfilment services so that you can ship your products easily and don’t have to worry about storage.
- The payment service on this platform is very quick and convenient. Newegg processes every transaction within 15 days.
- Newegg Marketplace gained the trust of many consumers with strong satisfaction. It has over 3 million customer reviews.
Newegg Membership Plan
There are three membership plans available in the Newegg B2B marketplace: non-elite, professional, and enterprise. The seller can use the Not-Elite plan for free, but for the Professional plan, you need to pay $29.95 per month, and for the Enterprise plan $99.95 per month.
Each membership has different item listing capacities. You can list up to 5,000 products with the Non-Elite plan; with the Professional plan, you can list up to 25,000 products; and an unlimited number of products can be listed with the Enterprise plan.
Also, there are three membership plans available in the Newegg B2C marketplace: non-elite, professional, and enterprise. The seller can use the Not-Elite plan for free, but for the Professional plan, you need to pay $49.95 per month, and for the Enterprise plan $99.95 per month.
Here, you will also find that each membership has different item listing capacities. You can list up to 100 items with the non-elite plan; with the professional plan, you can list up to 6,000 items; and 12,000 items can be listed with the enterprise plan.
Choosing the right membership plan depends on your business needs and sales volume. But keep in mind that if you choose the Professional or Enterprise plan, you will be locked into your membership for at least six months. After this time, if you are not happy with your membership level, you can downgrade to the less expensive plan.
In addition to a monthly subscription plan, Newegg involves various fees for sellers. One of the primary charges is the commission fee on each sale, which varies depending on the product category. For example, Newegg charges a 10% commission for computer hardware, 14% for apparel and accessories, and 12% for home and garden items.
How to Start Selling on Newegg
If you’re interested in starting to sell on Newegg, you have to follow the following guidelines:
Firstly, you need to apply to become a seller. You need to go to the Newegg seller website and click on the Apply Now button from the home page.
Then, you need to provide basic information about your business. The information you will need to share during this stage is:
- What type of seller are you
- Are you a retailer, a reseller, a manufacturer, or a distributor
- Your current selling status on other marketplaces
- Your target countries for selling
- Your annual sales revenue
- Your annual sales
- Number of SKUs for sale
- Number of employees
- The amount of inventory stocked in your warehouse
After applying, Newegg will review it and accept you as a seller if they’re satisfied.
How to List Items on Newegg
Once you are approved as a Newegg seller and have chosen your membership plan, you will gain access to your Seller Portal.
Newegg offers two ways to create product listings; one of them is to add products from existing listings. To do that, open the menu of your seller portal, hover over items, and then click on Create Items.
Once you enter the new page, on this search bar, paste the product ID and click search.
Now the product will come, and you can select the condition of your product. We select the refurbishment condition just to show you and click on “Copy & Create Refurbished Item.” You have your product condition, such as new, refurbished, used, like new, etc.
After that, you will find that all the information from the parent listing is being copied inside the listing. You can edit or customize anything if you want, then click on the submit button.
To create a new listing, you need to follow the same steps as to create items. Then, you have to click on “Create an item not listed in Newegg.”.
Now search for the item that you want to list. Or, you can select it from your recent activities.
Once you enter the new page, write the product title, brand, and other related information. Then upload the images of your product. Once you are done filling out all the information, click on the Submit button.
While you list your product, remember one thing: high-quality product images are crucial for attracting buyers. You should ensure your images meet Newegg’s image requirements.
Remember, you cannot remove or adjust existing item images for products already in the Newegg catalog. You need to work on your product’s title, description, and many more things to rank them at the top.
How to Promote Products on Newegg
Listing your products is just the beginning. If you want to stand out in the competition, you need to actively promote your items and attract buyers. Newegg offers a variety of powerful marketing tools.
You can get your products featured on popular deals pages, like Shell Shocker and Daily Deals, for increased visibility with a paid promotion.
Also list your products on Newegg’s affiliate sites, such as Slickdeals and eBay, to expand your reach.
Promoting products across social media channels is a good strategy to engage with potential buyers. You will be able to reach a wider audience by including your products in Newegg’s monthly email campaign.
Also, there is a way to promote related products to customers who have previously purchased items from your store with targeted email campaigns.
How to Ship Products to Customers
Once you have made a sale on Newegg, you have to deal with the shipment process. With Newegg Fulfillment Service, which is known as SBN, you will ship your products to one of the company’s warehouses, and then they will handle the packaging and shipping process for you.
SBN is a super-fast service provider. About 99% of SBN orders ship within 24 hours, and that increases customer satisfaction a lot. You will need to pay fees to use SBN. However, there is a helpful cost calculator tool to compare fulfillment costs across different options.
The final step in any sales process is getting paid. Newegg pays their sellers via direct deposit every Wednesday into the seller’s bank account. You will receive your funds within 15 days of the sale.
Newegg will hold the payments until a specific sales threshold is reached. For domestic sellers, the threshold is $25, while international sellers need to reach $100 in sales before receiving their first payment.
Best Practices on Newegg
When you are about to start selling on Newegg, you might think about how to increase your profit on the site. There are a few best practices to follow. Such as:
Follow Guidelines While Creating Your Listings
If you just insert random words with products, it won’t help to sell. You have to implement basic SEO tactics for your listings, such as keyword research and put them all over your product page. But don’t forget to mention the specifications of your items. Tech lovers are very conscious of the specs and features of the device they are going to buy. So, make sure you have included all the key specifications, features, functionality, benefits, and usabilities in detail.
Avoid Selling Prohibited Products
Don’t sell those items that are not allowed on this platform. It has a list of approved product categories on its website. These categories cover a wide range of products, primarily focused on technology, electronics, gaming, and related items.
Have Great Images
In any marketplace, images are the first thing consumers notice when browsing items. Providing high-quality, real-life photos significantly increases the purchase decisions of buyers.
Selling on Newegg can be a dynamic option for small business owners and entrepreneurs anywhere in the world. It has a huge number of potential buyers seeking products in your niche.
Conclusion
To sum up, to get the most out of your sales potential, you can try selling on Newegg Marketplace and have your own eCommerce store. You can draw attention from the huge existing customer base of Newegg. You have more control over customer relationships and encourage repeat purchases through popups, email marketing, and more. By now, you should have a clear understanding of the numerous advantages Newegg provides, both for buyers and sellers. We have covered how to get started selling on Newegg, listing items effectively, promoting your products, and best practices for shipping to customers.
If you are facing any difficulties with selling on Newegg, contact us today in the comment box or email us at the following email address: info@ecomclips.com
To learn more about Newegg and other e-commerce platforms, please check out our other blog. Also, you can check out our YouTube videos as well.
