hey guys welcome to the scholar online youtube channel the channel that is all about learning
in this channel i make a lot of videos on how to create your own website how to create your
own e-commerce woocommerce website and start making money online by selling products online
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welcome back guys um in this video today we're going to do something slightly different we have
our series of creating our online store that we're building which is selling hair and wigs online and
lace wigs but today we're going to take a break from that and do something that's not on our
regular schedule because i came across this and i thought you know this is amazing let me just share
this with you um for today and then we'll continue back with our series next week so what i'm going
to discuss with you today is take a lot take a lot dot com if you don't know what tekkenlaw.com is
go to your google search and just put take a look there and click search and the first one that
comes up is probably the right one and just click on it and you will see take a load is one of the
biggest multi-vendor online shopping uh websites in south africa so it's similar to your amazon in
the us but it is a proudly south african company it's best yeah and what they're trying to do is
to create an amazon like um shopping platform in south africa where uh individual sellers can come
up and create seller accounts and sell their products on take a lot so this is like our um
south african amazon okay so what i love about take a lot and i think um what is the reason why
it's worth me sharing take a lot with you here today is um as an as an online entrepreneur you
can have your online store where you're selling your products but the challenge with that is
always going to be driving traffic to your online store and the amount of money and time you have to
spend on getting a brand out there and advertising and on and social media marketing you can take a
whole lot of effort and sometimes it's easier to find a platform like take a lot that already has
people that come and buy on it and then you just add your products there and of course they do a
lot of the marketing for you but then um in return they take a big chunk of the profits that you make
um you know so it's a good way to at least get your brand out there when you're getting started
and maybe when you're big enough then you can branch out and create your own store where you're
gonna keep all the profits to yourself when you already have like sort of a community of people
that already are going to specifically search for your brand so when you do an online store
there are many selling platforms i mean i sell every way i can sell you know i'll sell on
facebook i'll sell on instagram i'll be on google shopping you know i'll have my own online store
set on whatsapp why not sell on take a lot as well especially since they provide the service for
free and i think this year they've done a lot of improvements in creating their online portal for
sellers to be able to access it as easily as for example you'd be able to register an account on
amazon and perhaps we'll do a video for amazon in the future particularly is definitely much bigger
in south africa okay so this is what take a look looks like you would come here
as a seller for example and let's say you look you're selling you're looking for lace wigs
okay not as a seller as a buyer of lace wigs and you would search for lace wigs don't take a lot
and i don't think it's very black oriented but i'm sure you would find some there you go all right
and um these are the people selling lace wigs and um a lot of them are individuals selling on take a
lot so take a lot no longer just keeps you know stuck for yourself i think they've learned that
the whole amazon model is where the money is i mean look at jeff bezos one of the richest guy
not one of the the richest guys in the world even after his divorce and splitting half his money
with his wife he is still the richest man in the world it is um an amazing business model to create
a multi-vendor platform where you don't have to not worry about your own stock you get people to
come and sell their things and you take a chunk of everything that they're selling so that's what
taken out is doing now so there's a lot of people selling last week's so imagine you came up here
and you edit your products and whenever somebody say is looking for lace wigs you know they can
come and they'll see that oh this is a wig and it's 399 it's in stock in johannesburg where
it keeps on whatever it is you're selling from and uh you know people can click on it and um
you know um there's 1.8 for example and they're giving it on free delivery seven to
nine working days you know how this happens this person is actually drop shipping this
because seven to nine working days if you remember our store that's exactly how long it's taking for
the weeks to arrive so you'll come here and you'll buy this week you'll pay that person a 1.8 i mean
you'll pay take a load 1.850 take a look takes their profit they pay the seller the remaining
amount the seller goes to um the you know drop shipping website whether it is aliexpress
they buy this week for 1.5 they get it delivered to you you get your money from take a lot
you you pay take a lot um the difference you get the profit you keep it for yourself you know but
the but the thing about being able to do this is you're gonna have to have a budget because when
the seller um when a client comes here in buys a week for 1.8 you have to immediately place
the order with your drop shipping store and um it takes maybe a couple of weeks i think to get your
money back from taking lot so you need to have like a buffer in place for fulfilling the orders
before you get your money back that's definitely the cash but if you have that buffer you have some
savings that you can start with definitely this is a profitable way of making money because um a
lot of people are going to trust take a lot i mean they think taken out is a proper online store but
actually at the end of it it's just normal sellers like you and i who are fulfilling the orders
uh on behalf of taking law so let's go through the process of how you can also add your products
and take a lot and become a seller on take a lot and start increasing your reach at least
on a bigger platform that already has um people and it's already trusted people don't think twice
before buying anything will take a lot um unlike buying on a random website that you've created
so what you need to do is the first thing you need to do is um you go to a google search
and i just searched for the words apply to sell on take a lot very simple and um some places some
some websites will come up take a look sell you know that one that's the one i clicked on seller
solution sell your products online and then i opened it there and then um you just need to enter
your information and everything about your product so let's say my first name is colo my last name is
online i'm not going to do this application i'm just showing you how to do that and my
email is admin at scholo.online you just enter your information there it's important to enter
your mobile number so enter whatever the number is there and after that tell us about your business
my business is list weeks sa category is beauty uh you enter it in there your website if you have one
you can put it but it's not a must and i i would suppose you know just put it in there for the
sake of you know so i'm gonna i'm just gonna put anything here because i'm actually not gonna send
me this application all right social media option vet registered no monthly revenue less than 20k
business registration number you enter whatever your business which is number is in here just
keep in mind that they will require you to submit supporting documentation and so forth for your
business and then um your business owner director details you're just going to enter your name there
um and your surname all right and your email address all right at email.com
tell us about your products let's say i have like 50 40 unique products and the
brands that i'm selling is lace wigs and do i carry stock um i'm gonna say yes i carry stock
do you have a physical store uh no um are you supplier to retail no and then um any comments
whatever and then you just click this apply to sell button actually i've done this application
recently for another one of my stores and it actually took about a day um the very same
day they responded back with an email and i'm just gonna show you what the email looks like
all right they responded back with an email and this is the email we have registered
your seller portal account please read below carefully and make note of our trading freeze
so currently they're not taking any new sellers between now and january because of the sort of
the peak season and you know it's black friday now and after black friday is going to be the december
you know and i'm assuming they're getting a whole lot of applications and they don't want to focus
on increasing the new sellers i don't know why it even makes any sense but that is what um
um though the email says um note that your trade freeze between 15 october to january to january
2021 so actually this is a good time to apply i would actually think because then it allows
you the time to go through the application and enter your products go through their training
make sure that everything is ready for when you actually launch your store so that you're
not rushing and you know that everything is going to be ready for january 2021 okay
so although they have a trade freeze they are not stopping you from making the application
you can still do the application and then they have a couple of things that um they direct you
that you must do they'll give you a link where you can go into their seller portal and start creating
an account and then you click on that um and and and so far okay so and then uh so let's let's
let's let's let's look at that so i'm gonna close this because i've already done this application
right and i want to take you through this their seller portal okay so there are two things applied
to sell or see the pricing okay let's look at the pricing because you're gonna have to think about
um incorporating the take a lot prices into your product pricing so whatever you were selling for
in the profit you were happy to make when you have your own online store you must just realize
that take it out is going to be taking a lot of that profit okay so they're taking up to 15 18
in some cases when it when you come successfully okay so these are taking out referral fees uh
and cover transactional cost customer support and all around platform support they are calculated as
a percentage of uh of the vet inclusive filling price per item sold okay so if you're including
that includes that amount as well in there this view will be credited for returned items
okay so if you get a return you know you get the money back the below table provides an indicative
range of success fees per category please see the details break down here so it's actually
quite substantial i mean it goes up to i've seen like 18 20 in some cases i think it's clothing um
where you can pay up to 18 clothing in footwear and i don't know how they decide what the number
is between this this this variable they give you and then you've got fulfillment fees as well
okay fulfillment facebook items shipped from 10 you know to warehouse in rent so this is if you
keep your products inside their storage because if you keep your uh stock in in the in the warehouse
um i mean in the technology warehouse it allows for faster shipping and when people go to take
a lot to buy items you know um you'll have that thing that says in stock and um ships inserted on
working days so this this means that the stock is not there in their current warehouse so you're not
going to be paying fulfillment fees in this case but in the case where um you have a lot of stock
you can keep the items in the technology warehouse and when somebody comes to your product here they
will see ship immediately okay and people actually prefer to buy items that are going to ship
immediately because when somebody buys something they want to get it they want to get it right now
okay i'm gonna try and see if i can't find a product um cell phones wearable that ships
immediately so i can show you what it looks like uh children's books um let me see there
uh let's click on that one there you go all right in stock jhp cpt so this is different from the
product i looked at so this this this seller has these items in the take a lot warehouse
in johannesburg or in cape town or in both warehouses which means if i buy this book
right now i'm going to get it shipped immediately from the warehouse it's already in stock whereas
that lace wig i showed you before didn't have this it had only that seven to nine days which
means they're probably drop shipping that that last week the person selling it is still gonna
place the order and you only wanna receive it between seven to nine working days
when you buy it and sellers prefer like not sellers buyers actually prefer like when i
go to take a note to buy i actually usually if if i have two different uh sellers i will pick
the one that has stock because i want to get the stuff now i don't wait for seven to nine working
days before i get the stuff okay so this is something that you must pay attention to as well
and this is where the fulfillment fees come in they will charge you a bit of money between the
different sizes of things that you're selling the sizes of the boxes and light heavy heavy plus the
weight they'll charge for this obviously this is to cover their warehouse and costs and the amount
of money they have to spend the people they have to employ in the warehouses to pack the things
for you and fulfill those orders on your behalf they're doing that service they're providing
that service to you and this how much they're charging you have to include all of this inside
your product pricing and the storage fees as well so um i think the storage and the fulfillment go
together if you're gonna keep items in the take a lot warehouse and store it and they you are gonna
be charged this so these are all take time and go through the fees and make sure you understand
for the specific products you're selling how much exactly you're going to pay to take a lot so that
you get it included properly in your pricing so we have received the email right we have
clicked on the link to go and register our seller account and when you do that it will take you um
to the seller portal saladotecalot.com all right and this is where you can come and register your
online store right i don't want to go through these details now but um if your application
goes well and it takes about a day like a couple of hours actually when i did this it takes about
a couple of hours and then you will you will get a chance to register your logo
your business your address your bank account your users and then start adding some product details
so i want to go through this very quickly pause the video and then um coming at the end and just
see what else um you know take a lot of needs from us before we can have our seller account
up and running so just to take you through all the requirements to complete the form
um start we'll start over there when you get to the seller registration the first time
you will put in your your store name and your logo of your business i've already done that
there are specific requirements for the logo it has to be a certain size so i had to go back
and resize it i think it was 120 pixels times 30 pixels and then re-upload that that goes very very
quickly and then you have to enter your business information business details so i had to enter
my registered business name so you have to have a registered business name in order to do this
register a business name um i mean i entered my proper business name if it's different from your
trading name you must put them both uh you have to enter a copy of your identification and you have
to enter the business registration documentation that's the documentation you get from cpck
whatever from company registration then um you you require to also enter your be certificate
although it's not a requirement i mean it's not a i mean like it won't disqualify you if you do
not have a be so you can just like tick the box and say i am not be compliant and then you can
skip that taste and that step and you don't have to enter it but if you are be compliant and you
have a ba certificate you can just attach it and getting a be certificate is actually very easy
i'll do a course on that in the future getting it from the um you know cpck you know portal
then once you're done with that you have to put in your address information your billing address your
warehouse address if it's the same address and you're doing everything from home like in my case
you can just put the same address and it's the same throughout it's very easy to go through
this process and then the last part is here with your bank account information you have to enter
the bank so this is actually only possible for south african businesses because they only have
south african bank uh names on the list you will enter your bank account information net bank
whatever you bank with and and all that and then you have to input um a debit order form um they'll
give you a link where you can download the form it looks like this i've downloaded it there all right
so once you download this form uh you fill in all this information you print it you scan it and you
reattach it or you can fill it in in person but it's harder because you actually have to have
a signature there so what i did i just printed it out completed it and then uh risk end it and then
you attach it over there and once you finish that you are on this page where i am right now
all the information is completed um i'm just going to click finish and see what happens yay welcome
to take a lot of marketplace you'll soon be able to benefit from the world 14 million customer side
visits they take a lot of tricks this month boom boom boom boom boom boom boom boom let's go okay
awesome so i'm gonna click let's go and see what happens attention do new sellers yes we know we
cannot sell anything from november to december i have only until january because you've frozen
the whatever so that's really what they're telling you here so just say got it thanks and then once
you're done with that um there's a couple of things step one what do i need to know about
selling on take a lot 19 minutes so these are like your tutorials i think um what do i need to
know about selling one take a lot of marketplace 19 minutes let's open that step one our mission
and then after that um so they're sort of taking you through the thing that you must know
know the rules of selling how to make sure account is on track you know knowledge check step two what
do i need to understand about my products on technology.com i think i'm i'm not clicking on
these things because i'm not going to go through this now but i'm assuming when you're doing this
this is the onboarding that you'll go through all of this one by one and the most important
thing is the rules that you must go through terms and conditions and specifically your the costs and
the fees because that's where the sort of the rubber hits the tar that's where the money is
you need to understand fully the cost involved because you need to incorporate all of these
in your product pricing so that you do not make a loss and you actually make a profit
why do i need to know about fulfilling customers that's also important you need to read and go
through all of that i understand the fulfilling options why do i need to know about shipping to
take a load why do i need to about getting paid what happens names next this is also important
because when you're getting paid you need to know actually take a look does not pay you immediately
there is some waiting period of a couple of days for the money to clear so you need to have like
a balance or like what i said like a fund and you need to have money like you know we call
it working capital in the business industry you need to have working capital that is money that
is sitting in your bag for you to fulfill your clients orders and things before you take a lot
pays you back so there's there's a waiting period day okay what happens next live cruise webinars so
you have to the whole november and december to go through all of this and go through the onboarding
process obviously they're still processing your application but i do not foresee why your
application would be denied um it's actually very simple to sell or take it out i know many people
that have done it i had been avoiding it for so long because of the fees associated with it
but then you know i was convinced the other day you know it's just an extra selling avenue so
what i will do is that i'll have the items cheaper on my website and and i'll add the
extra thirty percent to sell them and take a lot and somebody prefers to pay that's a thirty
percent on take a look that's their problem and if they want to get it cheaper they buy it on my
site and i have multiple places to sell from and then people can discover your brand that way and
those people will end up buying on your website you know so definitely there's nothing wrong with
uh trying this out let me know how it goes let me know if you have experience selling on take a lot
you've got products there does it really do you really get more sales doing that because
i would assume you can you know then get rid of your marketing budget and just focus on this you
know so yeah let me know how it goes and yeah all the best of luck i'm selling on take a lot