Snapdeal will charge lesser commission from buyers to increase their sales
Advertisement
Advertisement
In order to compete with the scorching sales of its competitors Flipkart and Amazon, Indian e-commerce company As per sources, Snapdeal now wants its sellers to pass on the benefits to buyers in the form of lower prices, which they hope would bring it more buyers.
Also read: No more discounts over 70% on Snapdeal. Read on to know more
"You may gain from the reduced Snapdeal's marketing fees in achieving more sales, as you will be able to pass on the benefit of reduced marketing fees to the buyer," Snapdeal wrote in a May 12 mail marked to its sellers.
The cut in commission has been applied to certain categories of products as of now, but could be extended to more segments later, the mail added.
Advertisement
Also read: Buy anything on Snapdeal and you may get it within four hours
While some sellers are happy with the cut in commission, some of them have expressed their anger by saying that the move would benefit only selected vendors, because of the "eligibility basis seller rating & fulfilment mode" clause, which means that many sellers won't be able to get the benefits of this rate cut. This would, of course, mean that only selected sellers would be able to sell the same products at lower prices, attracting more buyers and thus being unfair to several others.
Image source
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market