I’ve been selling on Faire for 3+ years now. I wanted to share with you my review on Faire Wholesale as a small business owner. Overall, I’m very pleased with Faire and all the retailers it has brought me. 2020 was a year I thought I’d have to quit my business, but because of Faire I was able to keep it running.
Jordyn Alison Designs’ image header on Faire.
Pros to Faire Wholesale:
+ Faire is a well known site, so there are tons of retailers ready to buy from you. I guarantee I wouldn’t be able to reach out to as many retailers that Faire has brought me.
+ Faire is also really easy to use. I’ve heard that buyers are also really happy with the platform, which I can’t say is true for every platform.
+ I enjoy how easy it is to upload products. As someone who struggles with repetitive tasks sometimes, uploading can be a huge pain. However, uploading to Faire has never bothered me. I know this is a small reason for liking a platform, but it makes a big difference to me!
Sign up to apply to sell on Faire Wholesale.
Cons to Faire Wholesale:
My only con for Faire is the fee structure. Faire does take a high percent of your profits and if your business isn’t prepared for that then it may not be the right platform for you.
Pricing structure: if you bring a retailer to Faire with your link they will be on a 0% commission with every future order from you. If a retailer orders from you but they haven’t used your link to sign up or haven’t been a previous retailer of yours then Faire would receive 25% on their first order, and 15% on every order after that. If you select to get paid the next day they take another 3%.
At first the fees really got to me and made me want to start my own wholesale website. However, now that Faire has brought me so many retailers I don’t mind it as much. Reaching out to retailers is a lot of work, so I appreciate their easy to use platform and all the exposure.
Pricing Structure Examples:
1. Retailer A has found your shop on their own, and orders $100. Faire takes 25% off their first order. If you have selected to get paid the next day you would make $72.75. If you selected Net 30 payment then you would make $75.
2. That same retailer returns and purchases $70 from you. They’re able to spend less because your return order is lower. In this scenario you would make $59.50 if you’ve selected to get paid 30 days from now. Faire takes 15% commission on return orders from retailers they bring you.
3. A retailer clicked on your direct link. They ordered $100 from you and you’ve selected to get paid 30 days from now. You will make $100. Faire takes 0% from the customers you’ve brought to them.
If you are actively bringing retailers to the site they will forever have a 0% commission. I would recommend doing Net 30 terms for payouts, because that 3% to get paid right away does add up, and in my opinion it’s not worth it.
Ready to get started selling wholesale? Read my guides on how to sell wholesale to retailers and which wholesale marketplace to sell on.