Everything You Need To Know About Faire
If you are a retailer based in the US and you are looking for buyers, then you should check out the marketplace called Faire.
What’s more interesting is – that this platform uses machine learning to match retailers with brands and products that fit uniquely with their stores.
So, should you get on this platform and start selling products? If you are worried about that, then you can go through this article for detailed information on the Faire marketplace.
What Is Faire?
Faire is a marketplace integrated with machine learning, helping local brand retailers with finding buyers. This marketplace helps retailers look for the perfect brands and merchandise that fit their stores. The platform is based in San Francisco, California, US. they have set out to build a thriving community of 700,000 small businesses. Faire is based on the belief that local businesses are the future of retail.
They want to help small entrepreneurs and store owners with choosing the right product that fits their stores. They also offer plain financial terms that level the inventory risk and provide access to capital. Their brand offers powerful marketing, sales, and analytics tools, simplifying their business and allowing them to focus on their goal.
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What Does Faire Offer?
Fiare marketplace offers an online display window helping retailers showcase their goods virtually. The platform has a growing reputation for helping small retailers and businesses promote their stores and sell their products. They have an impressive score of 4.9 stars out of 5 on Apple’s App Store from 5000 users.
According to sellers, these are the most prominent strengths of the Faire platform –
- A platform to expose themselves to different types of buyers.
- Reducing the need to spend big on the advertisement.
- Ease of use and set up.
How Does Faire Work?
Faire is pretty simple to use. You have to start with an online application. Once the application is approved, both artisans and brand owners can work through the onboarding process.
The platform works a bit like Amazon or eBay. The onboarding process works by listing the products, updating the setting for business, and confirming the shipping services, stock availability, price, and more. Also. the users need to set the rules on how they want to sell their products.
Faire single-handedly manages all of these for you. Also, there are many eCommerce platforms, such as Shopify, that pull the data of your product into the platform for quick setup. You will find help with product images and pricing info for wholesale in different currencies. So, yes, the platform is pretty handy and easy to use.
Pros And Cons Of Faire
Here are some pros and cons of the platform that I think you should know about before using it.
Pros
- Retailers can expose their brands to the in-built audience of buyers in Faire.
- It can reduce the cost of marketing and advertising.
- An account of Faire is simple to set up and sell.
- All sellers have a level playing field at Faire.
Cons
- Commission fees often get in the way of you grabbing your profit.
- You have to use consistent pricing across different platforms.
How Is Faire Customer Support?
So you have set up your account on Faire, and you have a query that you want to resolve as soon as possible. Well, the customer service of Faire will help you as soon as possible in that case.
Their Help Center makes all of your queries and problems easily answered. They have advice for the retailers as well as the brands. You will find many FAQs and answers there to help you. But if they are not much help, you can get directly in touch with Faire.
However, it is not easy to reach the wholesaler at Faire. While the website does have a link to its social media platforms, there is no mention of an email address or contact forms that you can fill in for customer support. But there is no need to worry. Platforms such as TrustPilot still give their customer support a 3.9 star out of 5.
Things To Know As A First-Time Seller On Faire
If you are going to sell on Fiare for the first time theme here are some of the things that you need to know about the platform.
- Carefully consider your pricing model and see whether commission fees will affect your bottom line detrimentally or not.
- Indeed Faire is a great platform for wholesalers. But you should never be completely dependent on one service for long-term success.
You should also know that Faire allows you to sell goods to buyers overseas. In that case, you have to handle the shipment yourself or ship with Faire.
What Percentage Does Faire Charge?
You will pay a commission of 25% to the Faire platform for the first order. But once that is done, you don’t have to pay any commission. Faire charges their existing customers with 0% fees.
Since Faire provides businesses and owners with all the necessary tools to foster their business relationships, they have to pay 15% on reorders. The only way for this platform to make money is through the commission fees it charges to different brands.
If Faire Wholesale Legit
Another thing that concerns most business owners is whether – Faire is a legit platform for doing business or not. Thankfully, there is no need to worry. They have been spreading around the world thanks to their reliable platform.
They have more than ten thousand brands working for them. There are also many positive reviews of the platform on the internet. We can only say that there is no need to worry about using Faire.
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Faire: Customer Reviews
If you want to know a lot more about Faire, the best way is to get the information from the customers who have been a part of it. Here are some of the positive and negative reviews from the customers that can help you get a better understanding of Faire and its operations.
“Faire has really been wonderful. My husband manages the gift shop for the nonprofit where we volunteer. I am the organization’s treasurer. Using Faire has been great. We only had to establish credentials with Faire and then start ordering. In the past, we had to do it with each new vendor, and they all seemed to need different documentation. Our orders have been delivered fast and have been accurate. I love being able to peruse multiple vendors and find new items for the store.Faire has made stocking the gift shop easier and fun.”
– Mary Jo, US.
“Being a brand new ladies apparel and gift store plus the fact that all I have ever done career wise has been behind a Camera taking professional portraits of mainly school students, then I was really GREEN about women’s clothing. Then came Faire! So far they have been more than exceptional with their suggestions on everything to help us get started and be successful in business. Thank-You for being the professionals that you are!”
– James, US.
“I have ordered from several companies. Most companies ship in a timely manner. I really appreciate the communication through Faire regarding shipments, ease of finding and printing invoices. I like that I can go to one site to find products. I have just started a business. This is all new to me. Working with Faire is more convenient than working with individual companies. My only complaint was that I ordered from a company and didn’t hear anything for several weeks. Eventually, I did hear from Faire that the company was unable to complete my order. Overall, I’m very pleased.”
– Lori, US.
“A variety of products that manufacturers can display and sell at wholesale pricing. I have found new products as well as some products from friends that I have been buying from for years.”
– Keith Leslie, US.
“I’m very pleased with Faire.com. Faire vets every wholesale vendor, and they make it easy for retailers to make a purchase. Faire offers an amazing collection of brands just about any retailer would have an interest in. Promotions, sales, and free shipping are also available, particularly for those businesses that join the Insider program.”
– Doo Dah Apparel, US.
Going through the reviews on TrustPilot, it is reasonably clear that the customers only have good things to say about the company. They are trusted, efficient, and effective, and there is nothing for you to worry about if you are investing your time and money in them.
Final Words
If you have a small retail store and you are looking for buyers, then you can use the platform of Faire and their automatic ways of matching brands and buyers with you. Yes, there is a fee that you need to pay on your first purchase. But, existing users have to pay only zero percent fees.
I hope that you have found the answer to your questions. However, if there are any additional queries, you can let us know through the comment section.
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Shahnawaz Alam
Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.
