E-Commerce in the World and Selling on Amazon
In this article, I will talk about Amazon company and How important to be selling on Amazon.
Amazon is the most valuable and biggest company in the World. Amazon is not just an e-commerce platform, it is a huge technology company. Before looking at statistics of Amazon, let’s look at e-commerce in the World.
E-commerce in the World and What Is the Future of E-commerce?
In 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. Online shopping is one of the most popular online activities worldwide.
Online retail websites have made strong traffic gains due to the global coronavirus pandemic as large parts of the population are staying at home and ordering items online which they usually would purchase in-store. Amazon.com had almost 5.22 billion visitors in June 2020, followed by eBay.com with 1.52 billion visits.
As of 2020, online marketplaces account for the largest share of online purchases worldwide. Leading the global ranking of online retail websites in terms of traffic is Amazon.
Let’s Look at Some Statistics of Amazon E-Commerce Marketplace
- Amazon company has 840.000 employees now, but it is expecting to be over 1 million 2021.
Combined desktop and mobile visits to Amazon.com from May 2019 to September 2020
During September 2020, Amazon.com had over 2.44 billion combined desktop and mobile visits, up from 2.01 billion visits in February 2020. The platform is by far the most visited e-commerce property in the United States.
Online retail in the United States
Online retail in the United States is constantly growing. In the first quarter of 2020, e-commerce sales accounted for 11.8 percent of retail sales in the United States. During that quarter, U.S. retail e-commerce sales amounted to over 160.33 billion U.S. dollars. Some retail categories are performing stronger in terms of e-commerce sales than others: in the apparel and accessories segment, 26.1 percent of total retail revenue was generated online. However, digital-only accounted for two percent of U.S. grocery revenues.
- 2020–348 billion dollar
- 2022–500 billion dollar
Amazon usage in the United States
As the most popular online shopping platform, Amazon’s influence on consumer's shopping behavior extends beyond its own website. According to a February 2019 survey of U.S. Amazon users, 66 percent of respondents stated that they started their online product research on Amazon. Of course, Amazon is not only popular for product research but ultimately, also for making the purchase. The most important factors driving users to purchase via Amazon are pricing and low shipping costs.
What are the reasons for internet users in the United States to shop on Amazon?
What is Fulfillment by Amazon and Benefits of FBA System
- Amazon pick, pack, and ship your orders
You sell it, Amazon ship it. Amazon has one of the most advanced fulfillment networks in the world. With Fulfillment by Amazon (FBA), you store your products in Amazon’s fulfillment centers, and Amazon pick, pack, ship, and provide customer service for these products. FBA can help you scale your business and reach more customers.
- The benefits of Amazon FBA
1.Your products are eligible for Amazon Prime FREE Two-Day Shipping, FREE Shipping, and more.
- Prime members love FREE Two-Day Shipping, and all Amazon customers can get free shipping on eligible orders. When you list products for FBA, they are eligible for free shipping, too. Qualified FBA listings are displayed with the Prime logo, so customers know that Amazon handles packing, delivery, customer service, and returns.
2. Customers get Amazon’s trusted customer service and returns.
- FBA leverages the Amazon customer service network stretching around the globe, managing customer inquiries, refunds, and returns for your FBA orders.
- FBA customer support: Customers can contact Amazon customer support via phone or email, day or night. This service is provided at no extra charge to you, with the exception of the Returns Processing Fee for select product categories. When you use FBA, your time can be spent growing your business or taking a vacation, rather than managing customer service
- FBA returns: For orders from the Amazon website that Amazon fulfills, Amazon will manage all customer service associated with the fulfillment of your FBA products.
3.Amazon services let your business scale quickly
- Amazon fulfillment centers are built with your inventory in mind, and there’s no minimum for the number of products you send. Amazon handles the details to save you time, so you can focus on your business. FBA’s specialized services can help you grow your business without new investments in capital or staffing:
4.It’s cost-effective
- Pay as you go — you are charged for storage space and the orders Amazon fulfill. The cost of shipping is included in your fees, with no extra charge for Amazon Prime FREE Two-Day Shipping and free shipping on eligible orders.
Hi , I am a professional e-commerce and programming Instructor. I have more than 19 courses and I am teaching over 125.000 students around the World. I am passionate about teaching and I think the best way to learn something is to teach it.
You can look at my Udemy courses by using this link (Mehmet TEK — Udemy)
