There are many foreign words according to new shoppers in the during market. One of them is the term PO in olshop. For those of you who often hear the term in olshop and are still confused about its meaning, here is the explanation.
Pre Order (PO)
The meaning of Pre Order, the goods we ordered do not exist, because the goods are still being produced, or the goods are still at the supplier. If the item says Open PO, it means that we have to order first and wait a while for the item to arrive. So don't ask the seller to deliver it fast.
There is also a Custom PO. This means that we can order goods there according to our needs and desires. For example Garskin, Birthday Cake, Wedding Souvenirs, Wedding Invitations. In addition, there is a Made by Order statement. This means that new goods will be produced if the prospective buyer orders. For example hijab, bags, etc.
For Pre Order items, we will be asked to pay in advance. Some have to pay in full (in full), some are sufficient with DP (down payment). For DP payments, usually if we cancel an order, our DP money will be forfeited or cannot be returned. So, think carefully before ordering.
If we are a buyer, before ordering the goods we should ask the seller when the estimated date of the finished goods is and the date of delivery of the goods.
Purchase Order (PO)
Purchase Order (PO) is a document created by buyers to show the items they want to buy from the seller. Purchase orders are also contracts that form an agreement between the buyer and seller regarding the goods the buyer wants to buy.
Unlike invoices that are generated by the seller and sent to the buyer, a Purchase Order (PO) originates from the buyer and is sent to the seller.
Pay Out (PO)
Pay Out is a term used in online businesses that focus on advertising programs, affiliate businesses, etc. In simple terms, what is meant by PO (Pay Out) is the payment of commission funds obtained by members from the results of their marketing.
For example, suppose a person joins an affiliate program at company A and he does affiliate link marketing on his website.
A few days later, there is a purchase via the affiliate link and the commission earned has reached the minimum Pay Out amount. Therefore the company will pay to that person. So Pay Out can be interpreted as a commission payment.
Apart from the term PO, many other terms have appeared in the world of online shops, namely:
Ready Stock
Unlike the Pre Order, Ready here means the item already exists. If we buy goods that are ready stock, it means that the goods can be shipped immediately.
Sold Out
If it says Sold Out, it means that the item has been sold and the stock is no longer there. We cannot buy goods that have been sold, unless the seller will stock them again.
Restock
Restock or stock returns, meaning that supplies that have run out will be reproduced.
Fix Order
In an online store, usually before making a transaction a prospective buyer will ask the seller first. Can be asked about the specifications of the goods, shop address, and negotiable prices.
Fix Order means that the buyer must buy a certain item. To place an order, the buyer will be asked to submit an order format
Order Format
The order format is a purchase format that indicates that the buyer has a fixed order. The order format is used to make it easier for sellers to manage their bookkeeping and delivery of goods. Usually the order format that must be filled in by prospective buyers is as follows
Keep
This means that goods that have been ordered by a prospective buyer will not be sold to other people until the buyer has paid the payment. Even so, there are terms and conditions that follow the keep system.
Examples of conditions such as: keep a maximum of only 1x24 hours or 2x24 hours, after which the order is considered canceled. There are also vendors who implement a "No Keep, Who's Fast He Get" system.
Blacklist
Blacklist (black list) can be defined as a seller or buyer who is not trusted. As usual, if we are blacklisted, we will not be able to perform any more transactions.
Supplier
Suppliers are arguably first hand sellers. He sells goods produced / branded himself, or sellers on a large scale.
Reseller
Resellers are third parties who sell goods belonging to suppliers. If it says "Open Reseller" or "Reseller are Welcome", it means the seller has allowed someone else to resell the property.
Resellers will get special prices after meeting certain conditions, such as: initial purchase of at least 4 items, initial transaction of at least 200,000, data delivery, etc.
Dropship
Dropshippers are almost the same as resellers, both selling goods from suppliers. The difference is, dropshipper means that the goods are sent directly from the supplier to the buyer, but the sender is on behalf of the dropshipper. The dropshipper is a kind of intermediary between suppliers and buyers.
Cash On Delivery (COD)
COD means that sellers and buyers meet to make transactions directly. Between the seller and the buyer can make an agreement on the place and time of the meeting in advance. There are also sellers who are willing to deliver goods to the buyer's place.
COD is very beneficial for buyers, because buyers can save on shipping costs and check goods directly so that they avoid fraud.
But now, many sellers limit COD. Usually the seller makes COD rules which can only be done in certain places at certain hours. Some even do not receive COD (No COD). Not that the seller will commit fraud. This is usually done for effectiveness.
Expedition
Expedition refers to goods services, such as ESL, NHL, etc.
Endorse
Endorse is a way for online shops to promote goods using celebrity services or those with many follower accounts. Onlineshop will provide products and even pay celebrities to use their products and advertise it on their social media accounts.
Paid Promotion (PP)
PP is almost the same as endorsement, the way onlineshop promotion is together with other accounts. The difference between paid and endorsed promotions is that if they are endorsed, onlineshop gives their products to be used and advertised, while onlineshop paid promotions only advertise their products in the celebrity account / many follower accounts.
SFS
SFS is one of the online ways to increase followers. You do this by promoting fellow stores on these social media accounts.
Preloved
Preloved means the same as secondhand or used goods.
This is the explanation of several terms in the online shop. Regarding the meaning of open order, what is the meaning of po in slang and we will write an example of open po in another article.
