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Newegg Offers Six-Month Free Elite Membership for New Marketplace Sellers
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Newegg Marketplace (NASDAQ: NEGG) has launched a limited-time promotion for new sellers, offering six months of free Elite Seller Membership at the Professional Tier until July 1, 2023. This initiative aims to enhance seller onboarding and boost revenue potential across both core and non-core categories, such as outdoor and health products. The Elite Membership allows up to 5,000 item listings, waives listing fees, and provides access to sales reports and dedicated support. Additionally, new sellers spending $25 on Sponsored Product Ads will receive a $100 credit. This effort aligns with Newegg’s strategy to expand its U.S. marketplace presence.
Positive
Promotion of six months free Elite Seller Membership for new sellers.
Elite Membership includes waiving of fees per unique SKU, promoting listing flexibility.
Focus on expanding product categories to attract diverse sellers.
Incentivizing advertising with $100 SPA credit for new sellers.
Negative
None.
Limited promotion for U.S. marketplace runs through July 1
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--
Newegg Marketplace, a division of Newegg Commerce, Inc. (NASDAQ: NEGG), today announced a promotion for new marketplace sellers that join the platform to receive six months of free Elite Seller Membership at its Professional Tier, which provides benefits to help sellers achieve revenue goals quicker.
A marketplace seller reviews sales results on a laptop. (Credit: David Gyung/Shutterstock.com)
The promotional offer includes more benefits than ever offered to new U.S. Newegg Marketplace sellers.
The company is launching the offer in a continued effort to grow its U.S. marketplace in both core (computer hardware) and non-core categories, which include outdoor, health and fitness, smart home, e-transportation and toys.
Newegg Marketplace’s Elite Professional Membership allows up to 5,000 item listings, waives the fee per unique SKU sold per month, unlocks full access to both API integrations and sales/traffic reports and provides a dedicated Elite Support Team. Free Elite Professional Memberships are available now through July 1, 2023, for first-time new sellers who register with Newegg Marketplace.
“Newegg Marketplace is where our customers find a wide variety of desirable products that fit their lifestyles at great deals. We’re offering incentives to new U.S. marketplace sellers because we’re eager to onboard and partner with sellers that bring exciting products to market,” said Vince Aguilar, Director of Platform Experience for Newegg. “The free Elite Professional Membership and additional perks give new U.S. marketplace sellers an advantage because they will be able to boost their business right away, leveraging tools that can take their business more quickly to the next level.”
Also, first-time Newegg Marketplace sellers that spend $25 on Sponsored Product Ads (SPA) will receive a $100 SPA credit. The sponsored ads, which are designed to promote products in sellers’ stores, run both on Newegg.com and Google.
Sellers can also choose to leverage Newegg’s fulfillment program, Shipped by Newegg (SBN), to store, pick, pack and ship orders. SBN also handles returns and exchanges and provides 24/7 customer service support. The added benefit of SBN is consistent and effective fulfillment, which creates positive customer feedback, builds brand loyalty, attracts repeat buyers and helps grow the business. Sellers who use SBN ship their products to a Newegg fulfillment center for handling and distribution.
Founded in 2010, Newegg Marketplace is listed among the Best Online Shops 2023 by Newsweek and is a 2023 Digital Commerce 360 Top 100 Global Marketplace.
The offer is for eligible U.S. domestic and international sellers on the U.S. Newegg Marketplace platform only. Must adhere to certain requirements – see terms and conditions.
Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the City of Industry, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.
What is Newegg's latest promotion for new sellers?
Newegg is offering new sellers six months of free Elite Seller Membership at the Professional Tier until July 1, 2023.
How does Newegg's Elite Seller Membership benefit new sellers?
The Elite Seller Membership allows up to 5,000 item listings, waives listing fees, and provides access to sales reports and dedicated support.
What categories is Newegg focusing on to grow its marketplace?
Newegg is focusing on both core categories like computer hardware and non-core categories including outdoor, health and fitness, smart home, e-transportation, and toys.
What benefits do new sellers get from Sponsored Product Ads?
New sellers who spend $25 on Sponsored Product Ads will receive a $100 credit to promote their products.
When does the promotion for new sellers end?
The promotion for new sellers ends on July 1, 2023.
