Reseller Price in Jekoba
Resellers fixes prices for their products and services in Jekoba classifieds and online marketplace.
Jekoba is a platform where individuals and businesses post their items for sale, and the price is determined by the seller. Jekoba in a way slightly control how to resale or distributing products, and prices depending on the product and the seller’s strategy.
This is a breakdown of how Jekoba imparts to resale and how prices might be set:
1. Reselling on Jekoba
- Individual Reselling:
Individuals can buy items from other sources like, wholesale and suppliers, and other marketplaces and then resell them on Jekoba. What they expect as their profit margin will determine their pricing.
- Business Reselling:
Jekoba can be used by Businesses to distribute products or services, with pricing determined by their own business model like wholesale, retail, drop shipping.
How Prices Are Determined
- Cost-The buying cost of the product is a major factor.
Market Value- The price of similar items on Jekoba or other online marketplace and classifieds platforms.
Profit Margin: The percentage the seller wants to earn on top of the cost of their products or services.
Rivalry: Where there are many similar items listed, sellers would need to fine-tune prices to be get customers.
Strategy: Smart sellers may need to offer discounts or bundled deals to attract more buyers.
The role of Jekoba on Buying and Selling on the Platform
Jekoba provides a platform for sellers to connect with potential buyers.
Seach Engine Visibility: Jekoba creates visibility on search engines and increases the visibility of listed items, potentially attracting more buyers.
Free Listing: Jekoba offers free listing of items, allowing sellers to start without initial investment. For instance: A seller that buys a car for Two Million (N2,000,000). He can resell it on Jekoba for Two Million Five Hundred Thousand (2,500,000)
Conclusively, Jekoba provides a platform for resale, and the amount of the product is solely on the seller to determine based on the cost of the product and the market value and the profit he/she wants to get from the specific product.
