Wai Theng Kong’s Post

TikTok Shop anticipates a significant surge in sales during #BlackFriday. The platform has experienced rapid growth in the UK, where the number of sellers has doubled over the past year, with over 200,000 businesses now using TikTok for live shopping and shopping videos. The service, which launched in the UK at the end of 2021, has steadily evolved. Despite increased fees in 2023, #TikTok reports a daily sales growth of 93% compared to the previous year.

Let's explore the different types of refunds you may encounter when #shopping on TikTok. 1️⃣ Returnless Refund: Sometimes, the seller will issue your refund without asking you to send the item back. This often happens with custom-made products or items that cannot be resold due to specific reasons. 2️⃣ Partial Refund: In some cases, the seller agrees to refund only a portion of the total amount. Sellers must adhere to legal #requirements and ensure fairness in their partial refund policies. 3️⃣ Full Refund: You'll receive the #entire amount you paid for. A change of mind, sizing issues, product defects, or discrepancies between the product #listing and what you received are all reasons enough to apply for it. With these refund options in mind, you can shop on #TikTok Shop with confidence, knowing you can act in case anything doesn't go as planned. Happy shopping! 🎉💳 #TikTokShop #RefundOptions #HappyShopping

𝑭𝑹𝑬𝑬 $10 TikTok Shop coupon 𝑰𝑭 you are a 𝑵𝑬𝑾 user!🎉 $1-$5 for 𝒆𝒙𝒊𝒔𝒕𝒊𝒏𝒈 users and $40 𝒑𝒆𝒓 referral! 🤯🙂↕️ 𝐑𝐞𝐝𝐞𝐞𝐦 for TikTok shop coupons! 𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑‼️ May or may not be available to you yet, check out your profile!(𝐩𝐢𝐧𝐤 𝐭𝐢𝐜𝐤𝐞𝐭 𝐚𝐭 𝐭𝐨𝐩 𝐥𝐞𝐟𝐭 𝐜𝐨𝐫𝐧𝐞𝐫) Tap to get your TikTok Shop coupon https://lnkd.in/eQ4fGwmx #tiktok #referral #coupon #blackfriday #earnmoney #tiktokshop

Exciting News for TikTok Shop Sellers! We're thrilled to announce that starting July 16th, 2024, you'll be able to initiate partial refunds and negotiate with buyers directly from the Seller Center for refund requests! What is Partial Refund? This game-changing feature allows you to offer a partial refund to buyers for items that can't be returned, making the refund process more efficient and transparent. This additional resolution option not only improves the customer experience but can also lead to more sales! Stay ahead of the game and get ready to take your TikTok Shop experience to the next level! #TikTokShop #Ecommerce #Sellers #PartialRefund #CustomerExperience #SalesBoost

How to Dropship Directly on Tiktok Shop

Program Updates Referral Fees Starting July 1, 2024, TikTok Shop will increase the referral fee on all qualified transactions to 8% per order*. To support you through this transition, TikTok Shop will increase the referral fee in increments. As such the referral fee will increase to 6% from April 1, 2024 to July 1, 2024 to help you align your approach accordingly. This transition period aims to ease the adjustment for all our valued sellers, ensuring a smoother integration into the updated fee structure. *The following categories will adjust their current referral fee beginning April 1, 2024: Referral fee for Electronics will be adjusted to 6% Referral fee for Pre-owned will be adjusted to 5% Referral fee for Collectibles will be adjusted to 6% All new sellers enrolled in promotional plans will continue on their respective plans until the conclusion of the promotional period. These changes are designed to allow us to better serve customers while ensuring that we continue to provide great value. #tiktokshop

TikTok closing? To Tik or not to Tok? That is the question. TikTok has less than a month to live Over...Done. ❌ But maybe not quite so. The deadline for the sale is the 19th of Jan. Short deadline for a roughly $100B (self-valued at $300B) company but we've seen things🏃💨💨 They also appealed but 🤷 So what should we do now? I'm talking about the surge of TikTok Shops (TTS, no pun intended). They had record-breaking sales over BFCM. It recorded a +179% Y-Y revenue growth over the Black Friday period and a +131% growth in number of shoppers. Will they be too big to fail? What does the acquisition mean for merchants on the platform? As a merchant, does this stop you from opening a Shop on the platform?

Starting September 2nd, 2024, TikTok Shop's commission rate will increase from 5% to 9%. However, 𝐧𝐞𝐰 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 can enjoy 0% commission for up to 90 days by completing specific onboarding missions. Certain categories, such as Electronics, Collectibles, and some Beauty products, will continue to have a lower commission rate of 5%. Additionally, commissions for sales from short videos will be reduced to 7%, while livestream sales will have a reduced rate of 5%.

Exciting news for TikTok Shop sellers! 📣 TikTok Shop is making it easier than ever to manage returns and order cancellations. 🔄 What's new? Customized rejection reasons to match your customer's concerns. Tailored options based on your product type. Evidence submission for select reasons to clarify your decisions. Benefits for sellers: Faster and easier return management. Reduced misunderstandings and disputes. Enhanced customer experience through clearer communication. Plus, we've updated cancellation reasons to ensure accuracy and consistency. Best practices for canceling orders: Choose the right reason every time. Keep your SFCR below 2.5% to avoid penalties. Thank you for partnering with TikTok Shop! Let's continue to provide the best possible shopping experience for our customers. #TikTokShop #SellerTips #Returns #Cancellations #Ecommerce #CustomerService #BusinessGrowth

Violation Details: TikTok Shop is committed to providing a trusted and seamless shopping experience for our community, including creators, buyers, and sellers. However, unusual activity has been detected on your account. Required Documents for Reinstatement: 1) ID card next to a handwritten note with your shop name and the date. 2) Company certificate. 3) EIN Certificate. 4) Original company document. 5) Inventory invoice or bank statement. Note: Dropshipping is not recommended on TikTok Shop, especially for new users. Personally, I have successfully reinstated five TikTok Shops by submitting the required documents mentioned above. If you have all the necessary details, there is no need to worry. For those facing reinstatement issues, simply follow the outlined process. There is no need to pay someone to reinstate your account. #tiktok #tiktokshop #reinstate #ecommerce #tiktokmademebuyit #suspended #violation