In 2006, Amazon kicked out its Fulfillment by Amazon (FBA) program, although the corporation had been pioneering online shopping for years before to that. Despite its humble origins in the 1990s, the company was already dominant in the field of online sales and fulfilment when it saw an opportunity to assist others in achieving the same level of success. Since Amazon also makes money off of their FBA business, it should come as no surprise that this endeavor on Amazon’s behalf should not be seen as wholly selfless.
It is common knowledge that Amazon is one of the most successful and biggest e-commerce enterprises in the whole globe. It has fundamentally altered the manner that we do our internet shopping. But much more significantly, it has altered the manner in which individuals do business through the internet. By giving users the ability to sell their wares on the Amazon Marketplace, Amazon has made it possible for thousands of individuals all over the globe to establish a company that is both successful and scalable. If you are here reading this post about beginners guide to selling on amazon, then there is a good possibility that you are interested in either starting your own company or finding extra ways to increase your current income, or both!
Things to know for Sellers
We are aware of the fact that launching one’s own company on Amazon may be a very nerve-wracking experience for anybody who is completely unfamiliar with the concept of doing business. The following information about Amazon is sure to pique your interest and serve as a source of motivation:
- As of the year 2018, the total amount of money that Amazon has made from its online retail business in the United States has surpassed $250 billion. This resulted in an increase of 49 percent when compared to the previous year.
- Amazon reported having more than 300 million active customers all around the globe as of the first quarter of the year 2016. It is quite likely that this number is substantially higher now than it was in 2018. It is also important to point out that as of the year 2018, there are around 100 million users subscribed to Amazon Prime.
- To make matters even more intriguing, there are slightly more than 5 million merchants participating in the Amazon marketplaces located in the United States of America, Germany, India, Italy, Japan, Spain, Mexico, Brazil, China, France, the United Kingdom, and Canada. Consider the enormous, unrealized potential that the Amazon marketplace has to offer the businesses who sell their products there.
- Amazon may be able to assist sellers that are searching for extra operating cash by providing them with a loan option. Amazon Lending is a service that gives Amazon sellers the opportunity to qualify for a business loan at rates that are far lower than those offered by traditional lenders. However, at this moment, the function is accessible only to those who have been granted an invitation.
Are you more enthused about launching an Amazon company now that you’ve read these facts?