Sellerhub (CEO Andrew Yeonjin Chu) will be participating in the COMEUP 2022 held at Seoul Dongdaemun Design Plaza (DDP) from the November 9th(Wed.) to the 11th(Fri.) for three days to present ‘Sellerhub Boost’ and ‘Sparta Product Recommendation’ for novice sellers.
Sellerhub, which started as a store-type e-commerce integrative management solution, has reached 40,000 cumulative members and a total transaction amount of 300 billion KRW (as of the first half of 2022), and is speeding up to become a win-win solution as a partner to the growth of e-commerce sellers by acquiring ONchannel and Gemichango.
Sellerhub Boost is a store-type shopping mall integrated management solution that enables all online sales management functions such as product/order management, shipping and refund, integrated accounting. This service is recommended for users who want to expand online sales outlets in a short period of time, because users can enter and expose their products in more than 20 shopping malls at once, and it provides additional services that help with sales activities without a separate signup and approval process.
‘Sparta Product Recommendation’ is a distinctive service unique to ONchannel where the ONchannel MD recommends 5 products every day for 60 days. It is designed for novice sellers who just opened their shopping malls and don’t know where to start. To help the novice sellers achieve their first sale and increase in sales, an alarm is sent at 9 O’clock to encourage them, and it provides various sales tips to make registration and management easier by optimizing the product exposure.
A company official said, “Among the Sellerhub shops, for company A, whose sales largely increased in comparison to last year, sales increased from 40 million KRW last year to 370 million KRW this year with a 834% growth rate, company B grew from 270 million KRW last year to 340 million KRW this year, with a 27% growth rate, and company C grew in sales from 7 million KRW to 290 million KRW, with a 905% growth rate. 15% of the stores on ONchannel have also increased more than ten times in sales, and growth has doubled for 30 % of the shops. (Based on the suppliers with sales) Figures are similar even in comparison to the suppliers that have entered this year.”
Sellerhub is striving to make an integrative solution platform that gathers the sellers’ needs in one place to make managing easier. Starting from last year, acquisition has been conducted for product sourcing and logistics integration which sellers need. It’s been providing diverse services such as online advertisements through partnerships and pre-settlement. It is conducting the CBT of the Sellerhub Connect for integrated management of the seller’s self-operated malls and the open market.
Sellerhub’s ultimate goal is to create an ecosystem for the sellers without any borders between on-offline by enabling control of the D2C channel in one place,
Having its 4th iteration this year, ‘COMEUP 2022’ was hosted by the Ministry of SMEs and Startups (Minister Young Lee) and organized by the Korea Startup Forum (Chairman Jaewook Park). Startups, investors, and people related to startups from over 15 countries attended, and this year in particular was the start of COMEUP’s rebranding from the previous government-private collaboration to the private-led event that it is now, as it aims to become a global Top 5 startup event. With the slogan of ‘WE MOVE THE WORLD’, the event was conducted both on and offline, and had various programs like Academic Conferences (Conference), Open Innovation Strategy of Global Companies (Open Innovation), COMEUP Stars Company Introduction (IR) and Booth Exhibitions, and Business Matching (Biz Matching).