Selling on Amazon: 5 Key Benefits to Consider!
Amazon, the pioneering e-commerce giant, has been revolutionising the way we buy and sell goods since 1994. In 2018, the company was responsible for approximately half of all e-commerce sales in the United States, a testament to its dominance in the market.
The Amazon marketplace offers an extensive selection of products, ranging from books, clothes, home goods, to even brand-new cars. This vast array of choices makes it an attractive platform for both buyers and sellers.
For sellers, getting started is remarkably straightforward. All you need is a laptop or a phone and your products. Amazon has designed its marketplace to make it simple and easy to start selling. Selling on Amazon slashes any start-up costs your business may require, making it an appealing option for new companies.
Amazon's marketplace is not just a platform for established brands. Roughly half of the sales on Amazon come from third-party vendors, providing a great opportunity for small businesses and individuals to tap into the company's brand loyalty. Selling on Amazon can help new companies take a share of Amazon's brand loyalty, as they haven't had the chance to develop their own yet.
Amazon's brand recognition and trust are unparalleled. Customers feel confident that the products listed in its marketplace are of high quality, which is a significant advantage for sellers. Moreover, Amazon Prime members, who make up a substantial portion of Amazon's customer base, are happy, loyal customers who will continually be shopping through Amazon.
Amazon Prime, with its free two-day shipping (on select products) and access to a massive library of videos, television shows, and music, further enhances customer trust and loyalty. As of 2020, there are about 112 million Amazon Prime members, a figure that continues to grow.
Sellers on Amazon make over three million dollars every month collectively. The ease of returns on Amazon, which are quick and easy, also contributes to this success.
Shopping has been reshaped by Amazon, and it continues to change how we buy and sell things. With nearly 200 million people shopping through Amazon each month, it offers the most unparalleled number of potential customers for sellers. So, don't wait to sell your own products on Amazon. It can be a great opportunity to make a profit quickly.
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