In 2020, Amazon has been established for 25 years and has become the largest e-commerce platform in the global e-commerce market. From 2016 to 2020, Amazon's market share in the United States increased by 50%. And Amazon is constantly improving its various services, including advertising and logistics.
- In the third quarter of 2019, Amazon's net sales reached $70 billion, up from $63.4 billion in the second quarter.
- Amazon has a 50% market share in the United States.
- Amazon has a market share of more than 80% in many categories . Electronics, home appliances, shoes and apparel, beauty and personal care, and mobile phone accessories are the best-selling categories on Amazon.
- Amazon surpassed Google to become the first choice for consumers when searching for products.
- As of June last year, the number of Amazon Prime members in the United States reached 105 million.
These statistics prove that Amazon is growing rapidly. Amazon's rapid growth also means that it is constantly seeking change and innovation. The main developments and changes on Amazon are as follows:
1. Amazon FBA becomes the mainstream choice for sellers Many sellers have achieved sales success through Amazon's FBA, and more sellers choose to use Amazon FBA. But to achieve success with FBA, you must also have outstanding product research ideas. Most sellers find it difficult to find suitable products and have no idea about product research. Therefore, many sellers are consulting professionals to conduct product research. 2. Product research becomes increasingly important
To stand out on Amazon, you need to be sensitive to numbers and be able to be sensitive to Amazon's product trends. When conducting product research on Amazon, sellers should keep the following points in mind: - Keep an eye on hot trends . The rise of an emerging trend means the emergence of new demands. Sellers must always pay attention to the development trends of their categories and understand what customers are most interested in.
- Electronics will continue to dominate on Amazon . 44% of US consumers purchased electronics from Amazon in 2019, making it the most popular category on the platform. Smart appliances, voice assistants, computers, mobile phones, and game consoles are the best-selling products in electronics.
- The health and wellness industry in the United States is booming , and it is expected that health products will be a popular category on Amazon in the future, and a large number of private-label health products may appear in the future.
- Some products need to be approved by the platform to be sold on Amazon . Registering a professional seller account can solve many problems.
3. Amazon algorithm continues to upgrade Amazon is constantly improving its algorithms and exploring customer consumption behaviors. Amazon will continue to improve its technology, enhance customer experience, simplify customer delivery processes, and provide more innovative services. Amazon Brand Registry and sponsored ads will stimulate the growth of the number of brands on Amazon. Amazon’s machine learning algorithms will become smarter, and sellers must be aware of the latest SEO strategies to improve their product rankings. 4. Amazon Sponsored Ads will become more popular Amazon is now the third largest digital advertising platform in the United States, and it is still growing rapidly. The huge consumer base makes Amazon the most powerful advertising platform. In 2019, Amazon's advertising business sales in the United States are expected to reach $10 billion. Amazon's sponsored product ads will be more popular with sellers. Amazon will further unify the advertising functions of suppliers and sellers. More sellers using Amazon ads means more competition, so optimizing ads becomes more important. 5. Amazon will strengthen control over buyer-seller messaging Buyer-Seller Messaging is a tool for sellers and consumers to communicate. However, Amazon will set stricter regulations on the communication between buyers and sellers. Amazon is a company that attaches great importance to consumer experience. The harassment and spam of bad sellers are obviously not in line with Amazon's philosophy. Therefore, the platform will further strengthen the control of information transmission . Statement: When reprinting this article, the title and original text must not be modified, and the source and original link must be retained. |