How much commission does Jumia take?
Jumia is one of the leading online marketplaces in Africa, with a presence in over 10 countries. If you are looking to sell on Jumia, you may be wondering how much commission Jumia takes. After all, as a seller, your aim is to make a profit, and understanding the commission fees can help you price your products accordingly.
In this article, we will take a closer look at Jumia’s commission fees and other related details.
Table of Contents
How much commission does Jumia take?
When you sell on Jumia, you will need to pay a commission fee on each item sold. The commission fees vary depending on the category of the product, and they range from 5% to 25%. Here’s a breakdown of the commission fees for some of the popular categories:
- Electronics: 6-10%
- Fashion: 12-15%
- Home & Living: 10-15%
- Phones & Tablets: 5-15%
- Health & Beauty: 8-15%
- Gaming: 10-15%
It’s worth noting that Jumia may also charge additional fees, such as shipping and handling fees, payment processing fees, and storage fees. These fees can further impact your profit margin, so it’s important to factor them in when pricing your products.
How to calculate Jumia’s commission fees
To calculate the commission fees for your products, you can use Jumia’s commission calculator. Here’s how:
- Go to the Jumia seller center and log in to your account
- Click on “Catalog” on the left-hand side of the screen
- Select the category of your product
- Enter the price of your product
- Click on “Calculate Commission”
The calculator will then display the commission fee and the total amount you will receive after the fee deduction.
Other fees charged by Jumia
Aside from the commission fees, Jumia may charge other fees that can affect your profit margins. Here are some of the common fees you should be aware of:
- Shipping and handling fees: Jumia charges a shipping and handling fee for each item sold. The fee varies depending on the weight and size of the item, as well as the shipping destination.
- Payment processing fees: When a customer pays for their order using a credit card or other payment method, Jumia charges a payment processing fee. The fee is typically a percentage of the order total.
- Storage fees: If you use Jumia’s fulfillment service, you may be charged a storage fee for keeping your products in Jumia’s warehouse. The fee is calculated based on the size and weight of the product, as well as the duration of storage.
It’s important to factor in these fees when calculating your profit margins, so you can ensure that you are pricing your products competitively.
How to increase your profits on Jumia
While Jumia’s commission fees may seem high, there are some strategies you can use to increase your profits. Here are some tips:
- Price your products competitively: Check the prices of similar products on Jumia and other marketplaces to ensure that your prices are competitive. Remember to factor in all the fees when calculating your prices.
- Offer discounts and promotions: Offering discounts and promotions can attract more customers to your products and increase your sales. Jumia has a promotions feature that allows you to create various types of promotions for your products.
- Use Jumia’s fulfillment service: If you use Jumia’s fulfillment service, your products will be eligible for Jumia’s Prime program, which offers free shipping and faster delivery. This can attract more customers to your products and increase your sales.
- Provide excellent customer service: Providing excellent customer service can help you build a loyal customer base and increase your sales. Respond to customer inquiries promptly, and address any issues or concerns they may have.
- Optimize your product listings: Ensure that your product listings are clear, detailed, and visually appealing. Use high-quality images and provide accurate descriptions of your products.
By following these tips, you can increase your chances of success on Jumia and maximize your profits.
FAQs
Can I negotiate the commission fees with Jumia?
No, the commission fees are fixed, and Jumia does not offer any negotiation on the fees.
How often does Jumia pay sellers?
Jumia pays sellers twice a month, on the 1st and 15th of each month.
Is there a minimum threshold for payouts?
Yes, the minimum payout threshold is $50.
Conclusion
Jumia is a popular online marketplace in Africa, and understanding the commission fees is important if you plan to sell on the platform. The commission fees vary depending on the product category, and Jumia may also charge additional fees such as shipping and handling fees, payment processing fees, and storage fees.
To maximize your profits, it’s important to factor in all the fees when pricing your products, and to use strategies such as offering promotions, providing excellent customer service, and optimizing your product listings. With the right approach, you can succeed on Jumia and grow your business.
