In 2020, Amazon saw 200 thousand new Amazon sellers, an increase of 45%. With these new sellers, Amazon controls over 50% of the entire online eCommerce marketplace. The majority of that marketplace dominance comes from third-party sellers. Amazon is a necessary marketplace to utilize as an online seller because of the share of the overall online retail market that it comprises - and this makes for a great deal of… Continue reading
While a number of brick-and-mortar stores are facing closure, Amazon and other e-commerce sites have experienced record sales. Rick Stein of the Urban Decision Group notes 30,000 store closures in the past five years. In the first few months of 2020, 2,000 have closed with an additional 15,000 more expected by the end of the year. At the start of 2020, department stores occupied 30% of all mall space. Fifty… Continue reading
We currently find ourselves smack-dab in the middle of a global crisis unlike any most of us have ever seen with our own two eyes. From mandatory lockdowns and social distancing to stock market nosedives and product shortages (finding toilet paper and bread is an ever-increasing challenge these days), COVID-19 has dramatically altered our everyday life in the short-term, and will no doubt influence the way we structure our lives… Continue reading
If you run an online business, you know that one of the most important steps in the process of selling goods is having customers check out their shopping carts. After all, this is how you sell your goods and make money. However, many times, shoppers will just abandon their shopping carts, leaving you out of luck. As a good businessperson, you recognize that losing profits like that is a problem and… Continue reading
Even if you haven’t read about Jeff Bezos and his stunning commitment to customers at Amazon, chances are you have been one of his satisfied customers. It’s not difficult to imagine that the person at the top at Amazon has figured out a formula for success that pushes the limits of what most companies are comfortable doing. Over the past few decades, he has transformed what used to be known… Continue reading
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