How much money is needed to set up a local account in Meikeduo

1. Store acquisition costs

• Store resource costs ：Due to MercadoLibre's entry policy and market supply and demand, store resources may be scarce. Therefore, it may cost a certain fee to obtain a local account (i.e. a local store) through formal channels.
  First, let’s talk about it in two dimensions.
  Personal store and corporate store
  Understand a simple concept
  Personal store: a store registered with personal information
  Corporate store: A store registered by a company applied for by an individual
  Then speaking of cost, the price quoted by the personal store market is about 2.5k-3.5k, and the price of forced opening of overseas warehouse is about 12,000 (optional)
  The costs of a business store are divided into three categories: store fees, accounting and tax filing fees (which need to be paid every month as long as the store is operating), and fees for opening overseas warehouses (optional). If all three categories are selected, the current market price is around 45,000 yuan.
  This store is a privilege that you can purchase by spending money, and there is no other hidden costs.

2. Operating costs

• ERP system costs : In order to improve order processing efficiency and reduce error rates, sellers may need to use an ERP system. The cost varies depending on the system and services selected, but generally speaking, the cost of an ERP system is acceptable for small and medium-sized sellers.
• Product selection tool fee ：Although Meikeduo has relatively few product selection tools, there are still some tools to choose from. The fees for these tools are usually calculated on a monthly or annual basis, and the specific amount depends on the tools and services selected.
• Other operating costs : Including printers, packaging supplies, logistics and distribution costs. These costs vary according to the actual operation of the seller, but they are all essential expenses in the operation process.

3. Procurement Funds

• Sellers need to reserve a certain amount of purchasing funds to cope with the order demand in daily operations. The specific amount depends on factors such as the store's sales scale, product types and purchasing costs. For newly opened local stores, it is recommended to formulate a reasonable purchasing plan based on market research and forecasts, and reserve sufficient purchasing funds to ensure the stability of the supply chain.

4. Additional Expenses

• Advertising costs : In order to increase store exposure and sales, sellers may need to invest a certain amount of advertising fees for promotion. This part of the fee depends on the seller's promotion strategy and budget.
• Inventory costs ：Sellers need to maintain a certain amount of inventory to meet order demand, but too much inventory will also increase financial pressure. Therefore, sellers need to reasonably control inventory based on sales forecasts and procurement cycles.
• Other potential expenses : Such as return processing fees, customer service fees, etc. Although these fees are not necessary, they may be incurred in actual operations.

In summary, the funds required to set up a local account for Meikeduo vary depending on many factors, including store acquisition fees, operating costs, procurement funds, and additional expenses. Due to differences in market supply and demand, service provider charging standards, and the seller's own operating conditions, it is impossible to give a specific number to answer this question.
Leiye Network is familiar with the registration requirements and review standards of local accounts on the Meikeduo platform. With rich experience and professional knowledge, it can ensure that the account registration process meets the platform requirements, thereby reducing registration risks and helping sellers obtain the account quickly and safely. Meikeduo local stores .