More than 50,000 Amazon Businesses Exceeded $500,000 in Sales
While the world has been spinning, something spectacular has been happening. E-Commerce has vaulted into a huge business and more and more business owners are realizing that it’s time to wake up and discover their e-commerce strategy.
In a story by Business Wire, Amazon Stores Helping Build the Future of Business: More than 50,000 Small and Medium-sized Businesses Exceeded $500,000 in Sales in Amazon’s Stores in 2018, we learn some staggering statistics. For example, according to the article:
• Third-party sales are growing at a faster rate than first-party sales in Amazon’s stores
• More than half of units sold in Amazon’s stores are from small and medium-sized businesses
• Small and medium-sized businesses selling in Amazon’s stores are estimated to have created more than 900,000 jobs worldwide
These are incredible statistics about e-commerce, and specifically, about the Amazon platform for sellers.
What Is Your Strategy?
In our consulting and brand management work, we talk to businesses all the time about selling on Amazon. Some are already selling and are crushing it. Others have an online presence but struggle to get any momentum. One potential client recently said:
“I signed up as a seller but got overwhelmed with all of the lingo and just gave up”.
Whether you are an experienced online seller of one of those who have resisted bringing your brand to e-commerce, there are multiple ways and strategies that can be put to work for you. It never has to be “all or none”. It doesn’t even have to be Amazon. But in most cases, you should have your business online – because it’s here to stay.
We’d be happy to discuss your strategy and help you at any time. Reach out to us or book one of our consulting slots.