Joom It is a well-known mobile e-commerce platform in Russia. Since its launch in June 2016, it has seen explosive growth, becoming one of the fastest growing e-commerce platforms in the world.
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·Joom achieved exponential growth in 2017, and its sales in November were 53 times higher than that in 2016.
·As of October 2017, the daily sales volume of the platform has exceeded 300000 orders and has continued to grow at a high speed. Its business has covered more than 20 countries.
Settlement materials
1. Scanning copy of business license;
2. The scanned copy of the ID card of the company's legal representative;
3. Front photo of the company's legal representative holding ID card;
4. Bank account or Payoneer account information;
5. The daily order volume and total transaction amount of the company's top three categories of products;
6. The company sells store links of the first three categories of products on AliExpress, Wish, Amazon, eBay and other platforms.
Settlement process
1. Click to enter Registration website ：
2. Click the Start button to fill in the relevant registration information;
3. After completing all information filling and uploading, click the Submit button and wait for the platform staff to review. Generally, the audit time is one to two months.
4. After passing the platform review, the platform staff will contact the seller.
Once approved, the seller needs to pay a deposit of $1000 before opening the account. The deposit amount should be transferred to the Payoneer account of Joom Company. You can use your Payoneer account or bank card to pay the deposit.
Platform costs and requirements
·Joom platform will charge 5% to 15% commission according to the order amount. The product commission proportion depends on the product category. See the following table for specific information:
·Orders need to be processed and delivered within two or three days.
·The lending time is 15 to 60 days, and the new seller's lending time is 60 days.
·The platform has an automatic price increase function for the commodity prices in Australia and South Africa. The submission ratio is: the automatic price increase is 10% when the product is less than $5, and the platform automatically increases the price by a fixed amount of $0.5 when the product is between $5 and $20.
Prohibited and restricted products
Platform sales ban:
·Products that infringe the intellectual property or copyright of a third party;
·Alcohol (including medical alcohol);
·Drugs and drugs (external plasters, bandages, etc. can be sold);
·Medical devices;
·Tobacco, electronic cigarette products and smoking appliances;
·Weapons and cold weapons;
·Animals and prohibited animal products;
·Items with illegal use (such as lock unloaders);
·Politically sensitive products (such as those of Cuba, Iran, North Korea, Syria, Sudan, or those with the above national patterns and elements);
·Remains or some part of human body (such as ashes, teeth, hair, etc.);
·Seeds (the platform prohibits sellers from selling seeds to customers in Russia, and other countries have not yet entered the list of regions prohibited from selling seeds);
·Laser laser pens (Joom prohibits sellers from selling laser pens with a power of more than 1mW (milliwatt) on the platform and those without power indication).
Platform sales restriction:
·Precious metal products - the picture description must have a precious metal experience certificate, and the delivery must be accompanied by a precious metal experience certificate.
·Gem products - there must be a gem identification certificate in the picture description, and the shipment must be accompanied by a gem identification certificate.
development history
-Joom was founded in June 2016.
-In November 2016, Joom began to invest in China.
-In July 2017, Joom entered the French, British and Nordic markets. In August, Joom has launched platforms in Ireland, South Africa, Australia, Canada and the United States.
-In 2018, Joom's goal is that Russia, the United States and the European Union each account for 20%, 30% and 50% of the total sales, and has set aside a budget of 30 million yuan for TV advertising.
