Last Updated on 9 months by Anoob P T
Are you looking for TopHatter Reviews? In this post, we look at TopHatter features, pros, cons, how to make money on TopHatter & some TopHatter alternatives.
TopHatter Reviews, Pros, Cons & How to Make Money on TopHatter
Table of Contents
What is TopHatter?
TopHatter is a website site to buy and sell garments, handbags, shoes, housewares, magnificence items, hardware, furniture, adornments, artworks and instruments.
TopHatter can be considered a platform similar to Amazon, eBay or even Walmart as you can list items and buyers are already present on the platform.
TopHatter is a commercial center that interfaces customers globally with a large number of merchants from everywhere in the world.
Official Website of TopHatter: https://tophatter.com
How does TopHatter work?
Customers browse through Tophatter much like they look through any other ecommerce website finding items but here they can bid for the products.
Most closeouts are quick, mostly lasting just around 90 seconds.
You can think of TopHatter like TJ Maxx, dollar stores, or Home Goods with the additional feature of auctions and bidding.
Buyers on TopHatter can purchase products either through bids or a fixed cost.
How to Start Working on TopHatter
For merchants, Tophatter has gained popularity as a go-to stage for turning stock rapidly.
All things considered, their closeouts seldom last more than 2 minutes and purchasers on Tophatter are commonly hoping to make a buy than just do window-shopping.
Best selling Tophatter dealers are usually selling on multiple online platforms and use TopHatter to rapidly drive deals volume or offload untouched stock.
To start selling on TopHatter, you need to fill an application and accept TopHatter seller terms and conditions.
You can start the process of becoming a Seller on TopHatter by Signing Up on this Page: https://tophatter.com/sellers/start
Do note, as part of dealer terms, Tophatter acquires a level rate commission of 9% in all classes in addition to a little charge to get your items an opening on the auction shelf.
Since the commission rate is the equivalent across classes, vendors can productively test items in various classifications and at various value points.
Vendors can also have all-out power over how much “shelf space” or perceivability their items get on the Tophatter landing page.
Also, you cannot sell illicit products or goods that don’t meet United States FTC guidelines.
Some of the items banned on TopHatter are liquor, tobacco and smoking gear, guns, live creatures, combustible or ignitable fluids, etc.
Top selling categories on TopHatter are gadgets, gems, household items, attire, marked merchandise, collectibles, pet supplies, and toys.
How to make money on TopHatter
To start with, you can sign up on TopHatter and start selling your products but the number of sales per week will be limited.
If you are seeing traction and want to expand to more categories or products, you have to apply to turn into a category partner, focusing on 1 or 2 categories.
When you become a partner of a specific classification of goods, you will be able to meet TopHatter requirements and sell more number of orders.
Like other e-commerce platforms, when you have enough stock and your general reputation is good, you can start making more orders.
Your success on TopHatter will depend a lot on reviews made by your buyers.
After a sale is completed, Tophatter sends buyers a notification asking them leave a rating for the transation.
Usually, items less than 4 star ratings will not be preferred by buyers, so you should try to keep positive ratings on the TopHatter marketplace so that you get more orders and more revenue.
After Amazon revolutionized one-day delivery, buyers have gotten used to recieving orders quickly. On this note, you should know that TopHatter also takes into account the time taken for delivery of a product and the prioritize sellers who can deliver as quick as possible.
How much money can you make on TopHatter?
How much money you can make on TopHatter will depend on the selling price of your product and the margins per sale.
On an average, normal (unbranded) products on TopHatter is sold anywhere between $15-$35.
Some branded products are also sold within the range of $50-$100.
As non-branded products will be cheaper to procure and customers will not mind the low price point, you might be better off starting with selling non-branded products on TopHatter.
Pros of working for TopHatter
During the COVID-19 pandemic, e-commerce orders have increased to an all time high and this also created opportunies for many platforms like TopHatter.
One of the pros of working for TopHatter is that you get access to a new set of audience.
Unlike e-commerce websites like Amazon, where competition is very high, TopHatter can be considered a good entry point for new ecommerce sellers/dealers.
Tophatter charges a commission of 9% (fixed) across all categories. TopHatter also charges a fee to get your products listed in the auction.
You can see a full list of TopHatter fees by visiting this page.
Cons of working for TopHatter
One of the cons of working for TopHatter is that there are lot of additioal expenses such as success fee, commission, and you also have to take care of delivery of the product.
Also, while TopHatter can be considered as a new channel to earn revenue, it is not very newbie-friendly.
Unless you get the right products on the platform and you are able to generate enough margins per sale and even deliver the products quickly, you will not be able to make much money from TopHatter.
Also, we’ve found that TopHatter customer service is not that fast and you might have to wait to get your issue resolved.
TopHatter is ideal for sellers/dealers who have experience in ecommerce and you have enough products and a good supply chain solution in place to make money through ecommerce.
TopHatter Reviews
In this section, we will try to bring you a positive and negative review of TopHatter so that you can get an idea of what to expect by starting to sell on TopHatter.
TopHatter Positive Review
You can read all reviews of TopHatter on TrustPilot here.
TopHatter Negative Review
There are many negative reviews about TopHatter website on the web. These are mostly from customers who did not recieve item as described or facing poor customer service.
You can read all of TopHatters negative reviews on BBB (Better Business Bureau) here.
TopHatter Seller Customer Support
TopHatter does not seem to have a customer support line for resolving issues.
To raise a ticket, you can go to this link and raise a request based on your requirement.
TopHatter alternatives
If you want to try e-commerce on few other websites like TopHatter, we have a list of TopHatter alternatives you can consider.
Frequently Asked Questions About TopHatter
Is Tophatter legitimate?
Yes TopHatter is a legitimate website.
What are Tophatter fees?
TopHatter charges flat 9% fees on all transactions, there are some additional fees too. You can check this link to know about all TopHatter fees.
Where is Tophatter located?
TopHatter is located in San Francisco
What happens if you don’t pay Tophatter?
If you do not wish to pay for your order on TopHatter, you can cancel the item and close the payment. Also, unpaid orders after 3 days are automatically cancelled.
Does Tophatter use PayPal?
Yes, you can use PayPal on TopHatter.
Is Tophatter in Canada?
Many TopHatter sellers do not ship to Canada, you will need a package forwarding service to get your items from U.S to Canada.
Is Tophatter new or used items?
TopHatter is a marketplace. To know about the items on sale, read the description carefully and ask the seller/dealer if the product is new or used.
Does Tophatter have a phone number?
No, TopHatter does not have a phone number.
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