Lyst is a fashion e-commerce platform that aggregates and curates products from various online retailers and brands, allowing users to browse and shop for a wide range of clothing, accessories, and footwear all in one place. If you’re looking for a Lyst affiliate program, maybe you’d like to consider starting your own marketplace with a 3-5x higher sales commission. Here’s how.
Vendo makes the journey of creating your multi-vendor marketplace more straightforward and less expensive. Start your business with products from diverse vendors in a matter of days, avoiding the hassle of inventory and shipping. And the sales commissions hover around 20-30% instead of 5%.
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With Vendo, access a comprehensive solution for your marketplace operations, including an automated platform for daily tasks, a selection of brands or the option to include your own, merchandising and marketing tools, sales across different channels (such as your website, emails, SMS, mobile app, social media), and continuous support for scaling your marketplace.
Lyst Marketplace Success Factors
Here are the key reasons behind Lyst's marketplace success story, summarized:
- Origins and Concept: Founded in 2010 by venture capitalist Chris Morton, Lyst was born from the idea of creating a personalized online shopping experience. Morton was inspired by the inefficiencies in online clothing shopping and the potential for a data-driven, customized approach, similar to what was used in travel websites.
- Early Growth and Popularity: Lyst aggregated over 12,000 fashion sites into a single platform, using algorithms to personalize the shopping experience. It quickly gained popularity, especially among women aged mid-20s to early 40s, who were spending $500 to $1000 per month on clothes.
- Financial Milestones: By 2012, Lyst was generating $1 million in monthly sales and raised $5 million in Series A funding. The introduction of a mobile app and direct purchasing features on the site contributed to its rapid growth.
- Customization and Convenience: Lyst offers customized shopping experiences, remembering user preferences and providing personalized style recommendations. It aggregates over three million products from more than 11,000 designers, simplifying the shopping process.
- Brand and Financial Strength: Lyst has become a leading fashion tech firm in the UK, partnering with top fashion stores and brands worldwide. It boasts more than 120 employees and a turnover of over $60 million.
Lyst Affiliate Program
Lyst's Affiliate Program is designed for content creators, bloggers, website owners, and businesses who wish to monetize their online platforms by promoting fashion products. Here are five key features of the program:
- Commission Rate: Affiliates earn a payout of 5-10% per sale, offering a lucrative opportunity for revenue generation through referrals.
- Broad Audience Reach: The program is ideal for those looking to connect their audience with Lyst's extensive range of products and services, making it suitable for a wide array of online platforms.
- Instant Approval: Joining the program is efficient and convenient, with instant approval available through Shopper.com, allowing for a swift start to promotional activities.
- Unique Tracking Links: Affiliates are provided with unique tracking links and promotional materials, aiding in effectively driving traffic and sales to Lyst's platform.
- Commission Adjustments for Returns: The program policy states that commissions may be adjusted if a customer returns a product purchased through an affiliate link, as commissions are based on completed and confirmed purchases.
Get started with a marketplace like Lyst on Vendo. Get 3-5x higher sales commission!
Vendo makes the journey of creating your multi-vendor marketplace more straightforward and less expensive. Start your business with products from diverse vendors in a matter of days, avoiding the hassle of inventory and shipping. And the sales commissions hover around 20-30% instead of 5%.
START YOUR OWN MULTI-BRAND MARKETPLACE ON VENDO
- Book a demo call: We’ll set up your demo marketplace and populate it with products.
- Customize your Storefront: We’ll help you craft a storefront that aligns with your brand identity, ensuring a cohesive and on-brand shopping experience for your customers.
- Onboard Brands: Invite your favorite brands or choose brands from the Vendo brand catalog. We can also start reaching out to brands you’d like to sell on your behalf.
- Select Products: Curate product collections manually or automate the process to efficiently manage your catalog and meet customer demand.
- Embed products: Make your editorial content shoppable with products embedded right where your customers expect them to find. Simplify and streamline product discovery.
- Start Selling Programmatically: Push products through multiple touch points: on your website, share it on social media, and include products in your newsletters.
- Get Paid: Get paid as soon as products are shipped by the brands. No need to wait 30-60 days or worry about orders not attributable to your affiliate links.
- Get Repeat Sales: Since you’re not linking out, your customers will keep coming back. We’ll help them with abandoned cart emails and promotional email blasts.
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