How to Sell on Takealot in South Africa: A Step-by-Step Guide
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Takealot.com is an e-commerce company operating out of Cape Town in South Africa. The company’s name is stylized as takealot.com. Takealot.com, which is the largest online retailer in the country, has been instrumental in the growth of online shopping in South Africa. The company was also the first South African company to take part in Black Friday.
As of the month of November 2019, more than 2500 independent businesses were using the Takealot Marketplace platform to sell their wares to more than 1.8 million shoppers on takealot.com.
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How to Sell on Takealot in South Africa
History
Kim Reid, a former CEO of MWEB, and Tiger Global Management, an investment group based in the United States, purchased the existing South African ecommerce site Take2 in October 2010, rebranding it as takealot.com. Takealot.com made its official debut to the general public in the month of June 2011.
In 2014, takealot.com was able to effectively launch its very own on-demand food delivery service after having previously acquired Mr. Delivery, which was later rebranded as Mr. D. Food, and Superbalist.com, an online retailer of women’s clothing. In a similar vein, takealot.com stated in the same year that it will be merging with Kalahari.com. In May of 2015, the deal was carried through without a hitch and was ultimately successful. How to Sell on Takealot in South Africa
How to Sell on Takealot in South Africa
Learning how to sell on Takealot is a smart place to begin if you’re looking to expand your retail business in South Africa through participation in an online marketplace, which may be a fantastic way to do it.
Because Takealot is one of the largest online marketplaces in the country, listing your things on it could potentially provide you with a great deal of exposure to a much wider audience.
To begin selling on Takealot, you must first submit an application to join the platform, which includes an evaluation of both your business and the products you plan to sell.
How to Sell on Takealot in South Africa
Instructions on How to Apply
You can start your application by heading to Takealot’s Apply to Sell website in order to get started. You are required to provide your information in this space, which includes your first name and last name, email address, and phone number (landline or mobile).
How to Sell on Takealot in South Africa
You will also be required to provide a description of your organisation. It is necessary to provide the following information:
- The name of the business.
- The classification of the product (such as books, electronic accessories etc)
- Websites and profiles on various social media platforms (optional)
- The answer to whether or not your business is registered for VAT, along with its VAT number if it is registered for VAT.
- Earnings on a monthly basis
- Name and surname of the proprietor or director of the company, in addition to their email address
In order to improve your chances of being approved, it is absolutely necessary to provide these facts in a manner that is both clear and honest. This is because at some point in the future it is possible that documentation demonstrating some of these facts will be required. How to Sell on Takealot in South Africa
How to Sell on Takealot in South Africa
You are also required to provide details on your products, such as the following:
- The amount of unique products available
- The products or brands that you sell.
- Regardless of whether you have stock or not
- Whether you sell your products through an actual storefront or through some other channel,
- Whether you sell your products in traditional retail outlets or through some other method,
- Whether you had a registered account with us in the past or sold items using the seller account of another, this section applies to you.
Click the “Apply to Sell” button in order to send in your application once you have finished entering all of your information, including any additional notes. After that, you will get an email verifying that your registration was successful.
How to Sell on Takealot in South Africa
The process of boarding and signing in
After that, Takealot will review your application and respond to you within ten business days if they have any further questions. You will receive an email with a link to set up your Takealot seller account if your application is accepted. To get started, please supply all of the information and paperwork that is required.
Assuming that your registration was successful, the next step in the process will be a “onboarding,” during which you will become familiar with the platform’s functionality and choose a stock model. The final step is to make your products visible to buyers on the platform so that they may make online purchases of such products.
Seller accounts give you access to a variety of services that can assist you in growing your business and increasing revenue. These services include analytical data that can measure the success of your sales and the opportunity to run promotions.
How to Sell on Takealot in South Africa
What are the fees associated with selling on Takealot?
Takealot levies a monthly membership fee of R400 each vendor account for the privilege of using their platform (you can cancel at any time). In addition to the cost of the membership, there may be additional costs, including the following:
Referral payments are known as success fees, and they are used to offset transactional and customer support costs. These expenses are figured out as a percentage of the selling price of each individual item, which includes the value-added tax but does not include the cost of delivery. They can range anywhere from 5% to 15%, depending on the kind of product being sold. This money will be repaid in the event that the goods in question is sent back. How to Sell on Takealot in South Africa
Cost associated with the shipment of each individual item from a Takealot warehouse. The answer to this question is found in the product’s dimensions. The minimum fee is R18 for each item with a weight of less than or equal to 7 kilogrammes, and the maximum fee is R340 for each item with a weight of more than 40 kilogrammes but less than or equal to 70 kilogrammes.
Items that have a stock cover of more than 35 days are exempt from having storage fees applied to them. If you sell items on lead time and just deliver the quantity that was purchased, you can sidestep having to pay any additional fees. In all other cases, the cost of storing an item can range anywhere from R4 per item per month for stock covers of 35-45 days to R1,800 per item per month for stock covers of more than 60 days, with the cost being directly proportional to the size of the item.
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