Set your Minimum Order Value to 0 on Faire Now!

  Рет қаралды 457

Candid Founders

Candid Founders

Күн бұрын

I am serious!! Setting our minimum order value on Faire to 0 got us MORE sales and MORE revenue. Have you tried it yet?
In this video I go into detail on why we tested this method, how it went, and why it's worth you testing 0 MOQ for your brand.
00:00 Introduction
00:22 We tested 0 MOQ
2:04 Vet the orders
2:21 Higher MOQ at Xmas
2:55 Work out your margins!
3:17 Faire’s new shipping process
4:50 Adapting point of sale pricing
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🚨 We will manage your Faire account for you. Join us in making 6 figure growth on your Faire account with our Faire Account Management service 💸 - candidfounders.com/faire-acco... or email hello@candidfounders if you need some help!
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We've catapulted our wholesale business from 0 to £300,000 revenue in 2 years and now you can take our blueprint for success for your own business. Wholesale AutoPilot is your now stop shop for all things wholesale growth - and once signed up you have lifetime access to all future content we have planned!
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New to Bare Kind? This is what you need to know:
We sell bamboo socks where 10% of the profits are donated to save the animal on the sock.
🐅 🦓 🦆 🦑 🐋 🦈 🦭 🐊 🦛 🦏 🦒 🦘 🦬 🐃 🐄 🫏 🐎 🐖 🐏 🦍 🦧 🦣 🐘 🐢 🐍 🦎
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Looking to become a retailer on Faire? You could get access to incredible brands like ours along with net payment terms, free shipping, seasonal discounts and more.
As a brand we love having retailers shop through Faire; for anyone who uses our direct link we will get 0% commission on our order. You can sign up as a retailer today through our referral link, Faire pays us a commission for this so I can afford to keep making you free content on our channel! fairewholesaleinc.sjv.io/MmWEZJ
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💸 Sell on Faire (we can help chase if its taking a while to get approved!): www.faire.com/apply/barekind
📸 Follow us on instagram - / barekind
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🎙️ List of the equipment used in this video
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Пікірлер: 16
@vueltaalavida
@vueltaalavida 4 ай бұрын
Hi Lucy, via Faire, I sell mostly on the UK and US market however I'm applying your piece of advice on my Faire account. Thanks for this tip. ^_^
@CandidFounders
@CandidFounders 4 ай бұрын
definitely worth a go, has worked for us in both those markets!
@MusicLegendIX
@MusicLegendIX 4 ай бұрын
Great tips Lucy! I got your 0 MOQ tip from wayyy long ago from your first few videos (maybe 1 year ago?) and I've kept it - working well. Unfortunately I can't offer free shipping bc I'm dealing with heavy glass products. Not sure about the UK but in the US shipping is expensive...but I've heard Canada is even worse lol.
@CandidFounders
@CandidFounders 4 ай бұрын
good to hear it is still working for you! Just goes to show it is good to experiment! Ah see we are lucky that we are shipping socks so it's very light. But don't worry it seems in wholesale it's pretty common to charge retailers for shipping, unless they order a big enough order and it's worth it for you!
@rebelandsiren
@rebelandsiren 3 ай бұрын
Canada shipping is soooo bad!!
@CandidFounders
@CandidFounders 3 ай бұрын
@@rebelandsiren oh noo!! from a price point of view or service? or both?!
@rebelandsiren
@rebelandsiren 3 ай бұрын
@@CandidFounders mostly price point. Faire wants to charge my Canadian customers over $25 cad for packages. I sell stickers so a lot of my packages can actually go through Canada post for half the price which was a work around I found. I just can’t use the Faire mailing system for those. But bigger orders are hit with that charge. I do wonder now if that shipping charge is turning people away. I am going to test free shipping on smaller orders. I have been learning SO much from you. Thank you for doing this videos. I really appreciate it ❤️
@CandidFounders
@CandidFounders 3 ай бұрын
@@rebelandsiren Faire definitely need to work on their shipping settings and we took part in their beta for having more control over shipping cost at checkout - they were previously using dynamic pricing which basically estimated the cost of the shipment, so we had some customers coming to us saying 'faire is telling us £200 shipping' and we are like not it's free shipping! So god knows how many customers we lost due to that, but it has improved thankfully. and no worries at all I am so glad you find them useful! sometimes hard to know when I am just speaking into the void haha
@young.willow
@young.willow 4 ай бұрын
Lucy, I can't thank you enough for your invaluable tips. Thanks to your advice, I achieved top seller status on Faire within just a month, after aiming for it for a year. Your input means the world to me, and I sincerely wish you and your store continued success and prosperity.😍
@CandidFounders
@CandidFounders 4 ай бұрын
Oh good job!! that's very hard to do so well done, you should be really please, and I am so glad you find our content valuable - just keep liking and sharing our content, the more we grow the channel the more videos I can share for free!
@RegalAllureGlam
@RegalAllureGlam 4 ай бұрын
Wow, thank you. I’ve been on Faire for a month and no orders yet
@CandidFounders
@CandidFounders 4 ай бұрын
You are welcome - maybe time to try some experiments like this one! Also like I say to everyone - Faire will not get you orders unless you start getting orders for yourself first!
@kerrygearin3910
@kerrygearin3910 4 ай бұрын
Thanks for these great tips. Timing is perfect too 😀⭐️☀️🌷
@CandidFounders
@CandidFounders 4 ай бұрын
no worries!!
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