Marketplaces have become a popular platform for customers to purchase online. The growth rate for this e-commerce platform is rapidly increasing because it offers convenience and a wide variety of product choice for customers to buy.
In Malaysia, the most popular online marketplaces are Lazada, Shopee and 11street (Now known as PrestoMall). These online marketplaces have been known to have a sum of more than 10 million buyers. Not only that, the monthly traffic of March 2019 have shows that Lazada, Shopee & 11street (Now known as PrestoMall) are also accumulated to a total of 24.68 million, 21.05 million and 1.02 million respectively.
These data have indicated that marketplaces offer a great opportunity for merchants to sell online.
Wondering how to register as a seller on these major marketplaces?
Let’s take a look at how you can register for an online store through these top tier marketplace.
A) Lazada Malaysia
With a total of over 52 million shoppers, Lazada is well known as one of the most popular and fast-growing online marketplaces in Malaysia. In 2017, Alibaba Group bought up 83% of Lazada shares and integrate it with TaoBao global product. Up till now, there are more than 35000 Lazada sellers selling in Lazada.
What are the documents required to register as a Lazada seller?
Steps to register as a seller on Lazada
Step 1: Google “Lazada Seller Center” and click “become a seller”.
Step 2: Choose your suitable seller category
Step 3: Fill in the seller details. Once you have done, attach the document required to validate for approval.
Step 4: When your account is ready, you are required to attend an onboarding training.
Step 5: Once you have completed your training, you can start uploading your product to Lazada and start selling.
Overall, we can see that lazada have more steps in registration. At first, the seller might feel uncomfortable to go through such a long registration procedure. But once they have attended the training, they will understand how to manage their online store.
Preferable products to sell on Lazada Malaysia
B) Shopee Malaysia
Shopee was first launched in Singapore in 2015 by Sea Group or known as Garena. Currently, Shopee has expanded its market reach across Southeast Asia (Malaysia, Thailand, Taiwan, Indonesia, Vietnam and Philippines).
What are the documents required to register as a Shopee seller?
Shopee only requires sellers to provide their personal information and phone number.
Steps to register as a seller on Shopee
Step 1: Log on to Shopee.my and click “Sign Up”.
Step 2: Fills in details and verified your phone number
Step 3: Sign in to Seller Centre
Step 4: Set up your account and store
For the registration, shopee has provided the new user with an easy step and alternative method. The new seller could either chose to register through a smartphone or computer. This makes shopee an easier entrance for the fresh sellers to start up their business. Shopee has also made a simple interface for customers to upload their product.
Preferable product to sell on Shopee Malaysia
PrestoMall (previously known as 11street) is Malaysia’s largest hoemgrown online marketplace. PrestoMall is currently being operated by Presto Mall Sdn. Bhd. Besides being an online marketplace, PrestoMall also fulfills users’ shopping, entertainment, payment, credit, travel and food needs.
What are the documents required to register as a seller on PrestoMall?
Steps to register as a seller on PrestoMall
Step 1: Sign up an account with PrestoMall
Step 2: Choose a suitable seller category
Step 3: Complete the registration form and attach required documents
Step 4: Agree with terms and conditions
Step 5: Authenticate your account through email
Preferable product to sell on PrestoMall
Unlike lazada, PrestoMall has provided sellers with a simple registration. Sellers only need to complete their registration form to create an account. However, they will have to comply with PrestoMall terms and condition.
Since we come to a conclusion, have you thought of which marketplace to sell? Why not have them all? With SiteGiant as your e-commerce solution, you can easily manage all these marketplaces under a single platform. Stay tuned for our next article.