FAQ: Can you provide an explanation of how Buddify works?
You select products from different stores that you wish to sell on your platform. Each supplier on the Buddify platform offers a minimum of 25% discount on their products. You can then set your own selling price for these products. When you make a sale, you purchase the same product from the supplier at a discounted rate and the supplier ships the product directly to your customer.The same process applies when a Retailer Brand/Buddy sells your products through their online stores. They'll utilize the unique link provided by Buddify to access your store, make a purchase using the automatic discount code, and the customer information will sync. Your responsibility lies in directly shipping the product to the end customer.
You can import a product from a supplier store and sell it on your online store for a higher or lower price. It´s up to you. Let's say the retail price of the product is $100, and the supplier store charges a $5 shipping fee. This store must give you at least 25% off. This means after you sell this store's product on your online store, you will have to pay the supplier store $75 + $5 = $80. You can sell it on your online store for $100 and offer free shipping to attract more customers. Even in this scenario, you would make $20 profit.
You can supply your products, and hundreds of stores could import and sell your products on their online store. If your retail price is $100, they will pay you $70 for purchasing your product once they sell it to their customers. If you have a product cost of $40, you would make $30 profit.