Some of the benefits that a manufacturer, merchant and importer can gain by selling wholesale products through Lowestin B2B e-commerce multi-vendor website:
1. Products are yours, Lowestin will bear all costs of marketing your products, and the Lowestin marketing team will sell your wholesale product to stores nationwide.
2. By selling on the Lowestin platform, merchants can increase the visibility of their brand and products to a larger audience of potential buyers.
3. Wholesalers will have warehousing facilities in Lowestin to deliver goods to buyers.
4. Wholesalers can take advantage of Lowestin offline marketing team to sell their products.
5. Wholesalers can increase sales of their products through Lowestin’s own advertising facility.
6. Sell products to your targeted customers through the Lowestin affiliate marketing team.
7. By selling on Lowestin B2B e-commerce multi-vendor website, merchants can reach a wide range of buyers, including businesses whose products the buyer may not be familiar with.
8. The Lowestin platform can help merchants reduce the overhead costs associated with selling wholesale products. For example, merchants don’t have to worry about maintaining a physical storefront or hiring additional staff to handle sales and customer service.
9. The Lowestin B2B platform can simplify the bulk selling process, making it easier for merchants to manage orders, track inventory and process payments.
10. Merchants can sell their products 24/7 on the Lowestin platform which increases their sales volume, without being tied to a physical storefront or other location-based limitations.
11.Lowestin can provide shoppers with a convenient, user-friendly shopping experience, including features such as personalized recommendations, easy search and navigation, and secure payment options.
12.Lowestin collects customer shopping and payment-related behaviours and trends, which can be useful for merchants to make informed business decisions and adapt to changes in the market.
13.Lowestin B2B platform can be a good way for merchants to test the effectiveness of selling their products in new markets without investing in a physical presence like a marketing team.
Lowestin Merchant or Wholesaler Policy for B2B Platform.
1. This Merchant or Wholesaler Policy is part of the Terms of Service for our e-commerce B2B multi-vendor website (the “Lowestin.com Platform”). It applies to all merchants and wholesalers (each a “Seller”) who sell products to targeted buyers. By using the Lowestin platform as a seller, you agree to be bound by these policies and terms of service.
IF YOU DO NOT AGREE TO THIS POLICY OR THE TERMS OF SERVICE, YOU MAY NOT USE THE SITE AS A SELLER.
2. The Lowestin platform is a business-to-business (B2B) e-commerce multi-vendor wholesale site. We only welcome manufacturers, producers, generators and importers to sell their wholesale products through Lowestin.com. Retail is not allowed on this site.
3. As a seller, you must create accurate and up-to-date product listings on the site and keep reasonable prices in line with the market. You need to include all relevant information about the product you are selling.see more below:
*Provide accurate product descriptions to get a proper idea about the product.
*Product quality must be maintained.
*Keeping prices in line with the wholesale market.
*Availability status (e.g. in stock, out of stock, pre-order)
*Shipping and handling policies
*Return and refund policies
4. You may not list any illegal, counterfeit, or stolen products on the Site. You may not engage in any deceptive or misleading practices in your product listings, such as misrepresenting product conditions or providing incorrect or incomplete information.
5. If the buyer returns the item due to a defect, the product will be returned to Lowestin.com’s warehouse instead of the seller and shipping costs will be borne by the seller.
6. As a wholesaler, you are responsible for processing and fulfilling orders for products listed on the site. You must ship the products to the customer on time and provide tracking information as applicable. If you are unable to fulfil orders, you must notify the customer and offer a full refund.
7. Your product listing must display a clear return and refund policy in favour of the buyer. All of Lowestin’s policies will apply to your return and refund policy and must comply with all applicable laws and treat customers fairly. You must process the return and issue the refund in accordance with your return and refund policy.
8. Lowestin.com will keep a minimum commission of 2% to a maximum of 5% per sale for digital and manual marketing of your products, warehouse facilities, supervision costs, affiliate commissions and other expenses. The commission will depend on the product category. Lowestin.com will not charge any additional fees.
9. You are responsible for providing customer support for the products you sell on the Site. You must respond to customer inquiries and complaints in a timely and professional manner.
10.You must respect the intellectual property rights of others and must not list any products on the Site that infringes on the intellectual property rights of others. If you become aware of any intellectual property infringement on the Site, you must report it to us immediately.
11.You must comply with all applicable laws, regulations and ordinances in connection with your use of the Lowestin Platform and the sale of your Products.
12.We reserve the right to terminate your use of this Wholesale Platform at any time for violation of Lowestin’s laws. If we terminate your use of the Site, you may no longer be able to sell products through the Lowestin Platform.
13.We reserve the right to change this policy at any time. If we make changes to this policy, we will post the revised policy on the Site and update the “Effective Date” at the top of this page. Your continued use of the Site as a wholesaler after the effective date of any changes to this Policy will constitute your acceptance of the revised Policy.
14.You are responsible for collecting and remitting any applicable taxes on the sale of your products. This includes but is not limited to sales tax, VAT and GST.
15.You must ensure that the products you sell on the Site are safe and meet all applicable safety and quality standards. If any products you sell on the Site are found to be unsafe or defective, you must withdraw them and provide full refunds to affected customers.
16.You are solely responsible for any claims or liabilities arising from your sale of products on the Site, including but not limited to claims for product liability, personal injury, or intellectual property infringement.
17.It is your responsibility to ensure that your products are properly packaged and labelled for shipping. You must provide customers with accurate shipping and handling estimates and must not charge any hidden fees
18.You must cooperate with our buyer protection program and any investigation of possible fraudulent or unauthorized transactions. If we determine that a transaction was fraudulent or unauthorized, you must issue a full refund to the affected customer.
19.You may not manipulate ratings or reviews for your products or offer incentives for customers to leave positive ratings or reviews. You must respond to customer ratings and reviews in a timely and professional manner.
20.When the order is successfully delivered, merchants can request a withdrawal from the dashboard. Merchants can submit a minimum withdrawal request of Tk.5000
21.Withdrawal money will be sent to the seller through bank transfer, check, and mobile banking. In that case, the online charge will be borne by the seller.
22.You may use subcontractors or third-party services to assist you in selling your products on the Site, but you will be responsible for the performance of these subcontractors and third-party services.
23.You must keep confidential any confidential information received from us or customers in connection with your use of the Site. This includes but is not limited to financial information and personal information.
24.You agree to indemnify and hold us harmless from any claims, damages, or expenses (including reasonable attorneys’ fees) that arise from your use of the Site or the sale of your products.
25.This policy constitutes the entire agreement between you and us regarding your use of the Site as a seller. If any provision of this policy is found to be invalid or unenforceable, we will modify that provision to the extent possible and the remaining provisions will remain in full force and effect.17.Contact Us
If you have any questions or concerns about this Policy, please contact us
How to start your business on Lowestin platform?
To sell your wholesale products through the multi-vendor e-commerce platform Lowestin.com in Bangladesh, you can follow these steps:
1. Register as a Vendor:
-Sign Up: Visit the Lowestin.com website and sign up as a vendor. You’ll need to provide basic information about your business, such as your name, email, business name, and contact details.
-Verification: After signing up, your account may need to be verified. This could involve submitting documents like a trade license or other proof that you are a manufacturer, importer, or farmer.
2. Set Up Your Store:
-Create Your Profile: Once your account is verified, set up your vendor profile by adding details about your business, including a business description, logo, and contact information.
– Upload Products: List the products you want to sell by uploading high-quality images, detailed descriptions, pricing, and any other relevant information like minimum order quantity (MOQ) or bulk pricing options.
3. Manage Inventory:
– Inventory Tracking: Keep your product inventory up to date to ensure that you can fulfill orders promptly. Update stock levels regularly to avoid overselling.
4. Optimize Your Listings:
– SEO Optimization: Use relevant keywords in your product titles and descriptions to help potential buyers find your products easily.
– Pricing Strategy: Set competitive prices that attract bulk buyers, keeping in mind the wholesale nature of the platform.
5. Promote Your Products:
– Marketing Campaigns: Participate in promotional campaigns or special deals offered by Lowestin.com to increase your product visibility.
– Social Media & Advertising: Use social media platforms and other online advertising channels to promote your store and products.
6. Handle Orders and Shipping:
– Order Processing: Monitor your orders regularly and process them promptly. Ensure you have a system in place for packaging and shipping your products efficiently.
– Shipping Options: Offer various shipping options to accommodate the needs of your buyers. Make sure to provide clear information about shipping times and costs.
7. Customer Service:
– Communication: Maintain good communication with your customers. Respond promptly to any inquiries or issues they may have.
– Reviews and Feedback: Encourage satisfied customers to leave positive reviews and feedback on your store, which can help build your reputation.
8. Compliance and Payment:
– Compliance:Ensure that your business complies with any legal and regulatory requirements in Bangladesh.
– Payment: Familiarize yourself with the payment methods accepted on Lowestin.com and make sure your payment information is correctly set up to receive payments from buyers.
9. Monitor Performance:
– Analytics: Use the analytics tools provided by the platform to monitor your sales performance, understand customer behavior, and make data-driven decisions to improve your store.
10. You can take our help for product upload, the wholesale price, and writing product details. ,
11. We will review and then publish your product.
By following these steps, you can successfully sell your wholesale products on Lowestin.com and reach a wide range of potential buyers in Bangladesh.
Knowledge base for Merchants
Frequently Asked Questions
Ans: *As a ‘Fulfillment by Lowestin’ (FBL) wholesaler, store products in Lowestin’s warehouse and our staff will pick, pack and ship products to customers.
*Fulfilment by Merchant (FBM) is a system that allows B2B wholesalers or merchants to ship ordered products to Lowestin courier points in their own packaging with the Lowestin logo.
Ans: Lowestin platform will keep a maximum commission of 5% per sale for digital and manual marketing of your products, warehouse facilities, supervision costs, affiliate commissions and other expenses. Lowestin.com will not charge any additional fees.
Ans: Product listings, pricing and inventory levels, uploading product images and descriptions from the merchant account dashboard.
Ans: Any dispute between buyer and merchant will be resolved through Lowestin authority.
Ans: Yes, Merchants can reach a wide range of customers through the Lowestin.com wholesale platform, including businesses whose products the customer may not be familiar with.
Ans: Yes, Merchants can increase the sales of their products through Lowestin’s own advertising facility, offline marketing team and affiliate marketing team.
Ans: Yes, By selling through the Lowestin wholesale platform, merchants can introduce their products to a wide range of buyers.
Ans: Yes, Merchants will have the facility to stock a limited number of products in Lowestin’s warehouse to deliver products to customers.
Ans: Fulfilment by Lowestin (FBL) is a system that allows B2B wholesalers or merchants to store their products free of charge in Lowestin’s state-of-the-art warehouses, and our staff uses Lowestin’s operational expertise to pick, pack and ship the products to customers.
Ans: Fulfilment by Merchant (FBM) is a system that allows B2B wholesalers or merchants to ship ordered products to Lowestin courier points in their own packaging with the Lowestin logo.
Ans: Lowestin collects customer shopping and payment-related behaviour and trends, which can be useful for merchants to make better business decisions and adapt to changes in the market, and includes tutorials, training materials, customer support and access to analytics and sales data. . To know more, see the ”benefits from Lowestin”.
Ans: You get track access to the merchant account dashboard to track sales and performance with real-time sales data, reporting tools, etc.
Ans: No, You don’t have to do anything Lowestin team will handle the shipping and logistics of your products.
Ans: Merchants can request withdrawals from the account dashboard. The withdrawal amount will be sent to the seller through bank transfer, check and mobile banking.
Ans: No, Wholesalers don’t have to bear any cost. Lowestin will bear all the marketing costs of your products and the Lowestin marketing team will sell your wholesale products in stores nationwide.
Ans: Lowestin will take a 5% commission for each sale through marketing your products.
From this 5%, Lowestin can be spent on advertising, warehousing, affiliate, offline marketing, product delivery processing and other expenses.