Marketplace Focus: Fruugo “no sale, no fee”
Fruugo simplifies buying products from around the world. Their mission is to provide great choice and the freedom to shop safely wherever you are, from wherever you want, through one global marketplace.
Equally and of more interest to ecommerce merchants, Fruugo simplifies selling around the world and can not only help you sell into overseas territories but can also help you win Google shopping visibility in those countries – probably a lot more easily than if you try to do so through you own multiple localised websites.
Retailers can list their products for sale on Fruugo and Fruugo’s proprietary basket takes the shopper’s order. The platform is multi-country, multi-language, multi-currency, multi-shipping and multi VAT compatible. The retailer processes the Fruugo order, dispatching it to the shopper, and Fruugo simply charges a small commission on the sale.
What can Fruugo do that you can’t?
Fruugo automatically “localises” all products (currency, language, VAT) for shoppers in countries around the world and (the big benefit for retailers) automatically gains visibility and sales for retailers via country-specific and language-specific versions of “Google Shopping” elsewhere in the world. There’s no no CPC (cost per click) cost to the retailer.
Fruugo takes any fraud risk & currency risk as well as offering first line Customer Services thus reducing your workload. You can also select which Fruugo supported countries you sell to, to suit the your needs and strategies for opening up your product ranges to international shoppers.
Key Fruugo Stats
76% of Fruugo orders are cross-border and 73% are cross-currency (not every international order is cross-currency, e.g. cross border within Eurozone)
Fruugo are on target to exceed £10m annual GMV this year, from 1.3m products, and 1m visits per month.
All retailers benefit free of charge from Fruugo’s automated programatic buying of traffic from Google Shopping globally & major Comparison Shopping Engines (such as myshopping.com.au).
This is Fruugo’s 3rd consecutive year of 200%+ YoY growth.
Top Cross border order destinations
- 21% Australia
- 16% North America
- 41% Western Europe
- 18% Scandinavia
- 4% Rest of World
Particularly strong categories
- Sports and Outdoor
- Health and Beauty
- Home and Garden
Fruugo have integrations with many channel partners including services such as ChannelGrabber, Linnworks and Plentymarkts. They have also this month launched a Magento CE plug-in so any UnderstandingE users should find integration a breeze.
In addition to Magento, a further four integrations (with WooCommerce, PrestaShop, Shopify and BigCommerce) will make Fruugo available as ‘plug-and-play’ to over 66% of online retailers around the world and Fruugo will also soon be accepting Google Shopping product data feeds from retailers as a super-simple means of supplying product data.
Finally to add to the existing supported countries, Fruugo will launch in a further 10 territories (including China, Japan, UAE and India) before the Christmas season.
If you’re interested in getting started selling with Fruugo, you can sign up on their website.