Mark Mraz, MBA, Certified Value Builder Advisor on LinkedIn: 21 Top Amazon Statistics For 2024 (Revenue, Market Share, And More) (2024)

Discover the latest statistics on Amazon's revenue, market share, and more for 2023! 📈 Check out this blog post for all the details: @bloggingwizard

THE TOP THREE AMAZON CHALLENGES, AND HOW TO SOLVE THEMhttps://lnkd.in/eupNCeecCheck this #makeyourselfgreatagain #makeyourselfgreatagian

the three realities of selling on Amazon:1. brands are leveraging additional services on Amazon & doubling down on ads 2. brands are paying an increasing share to Amazon3. the likelihood of a profitable transaction on Amazon is higher than on DTC... the Amazon tax - while significant - is lower than the Google/Meta tax + inventory & fulfillment cost elsewhere. And fortunately most brands are underutilizing their organic opportunities. So there's an immediate chance to decrease the tax.

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Amazon is a marathon, not a sprint 📈 Dominate with a long-term growth strategy. 💪💸Link below for more details! ⬇️🤩https://lnkd.in/eUFAMMGQ#Amazonseller #AmazonFBA #ecommerce #growthmindset #brandstrategy

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🛒 Demystifying the Amazon Buy Box.Ever wondered why some sellers dominate the Amazon Buy Box? 🤔 Here's the scoop:🎁 When shoppers eye a product from multiple sellers, Amazon swoops in to recommend one. This lucky merchant gets the spotlight in the customer's cart – the coveted Buy Box.💡 Did you know? Around 80-90% of shoppers snag that default vendor, riding the Buy Box wave. 📦🔥While Amazon's secrets are locked up, pricing seems to play a prime role. 🏷️💰 Customers often sail with the flow, buying from the suggested seller.Read more here: https://hubs.li/Q01-z2Bb0🚀💼 #AmazonBuyBox #EcommerceInsights #SellSmart

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Ever wondered how much money Amazon makes? or how much market share they have? 👀Here are all of the Amazon statistics you need to know 👇https://lnkd.in/eYW-u5nc#Amazon #Ecommerce #SmallBusiness

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This is a really tough period for Amazon sellers, my clients included. Here are 7 ways to finish 2023 with a bang:1. AI Inventory ForecastingLots of great tools out there for this but running out of stock is simply out of the question now. Let AI perform these calculations for you and adjust manually as needed. Amazon sellers who aren't using AI will be left behind.2. Cut Costs Like a Madman!Be aggressive. Do you really need both helium 10 and Jungle Scout? Do you really need to keep that loser product listing? Do you really need that domestic employee? It's fat trimming season.3. Get your Books Cleaned Up!As an Amazon seller, you should know what your daily net profit is AND know what your current P&L statement is at all times. With tools like Finaloop, not knowing your numbers and having clean books is unacceptable.4. Renegotiate Factory CostsThis is a historic time in global commerce. China's Yuan is in freefall and that means you should be talking to your factories and demanding lower unit costs for your bulk orders. You won't experience much pushback. They are expecting this email.5. Build Off-AmazonYes, I love Amazon and so do you but being 100% Amazon as a brand is a long term nightmare. Think bigger than that. After Amazon, focus on Shopify. After Shopify, focus on Walmart. Keep going until you are on 5+ platforms. No more excuses.6. Audit Your Media AssetsIf you don't have videos on your listing, you are behind the 8 ball. If you don't have the best pictures in your category, get on that stat.The bar will be even higher in 2024. Start now.7. Nail Your Email ListNo, this isn't on Amazon! You don't get the emails for your Amazon customers so forget that. I'm talking about your email list on Shopify. Make this a priority. Be aggressive with a popup. Offer discounts or exclusive content. You own your email list. You don't own your Amazon customers. If you enjoyed this post, can you please give it a like and add your own comment below to get the message out to the Amazon Seller community? ***If you enjoyed this or learned something, follow meJon Elderfor more!#amazonseller #amazonprivatelabel #amazonfba

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Even giants like Amazon gotta watch their backs!This article breaks down Amazon's strengths (like crazy-fast delivery!), weaknesses (relying mostly on online sales), opportunities (new markets!), and threats (competition and fake products). Are you an e-commerce seller? This might give you some ideas for your own business strategy! #ecommerce #amazon #businesstips

Navigating Amazon's vast array of product categories can be daunting, but fear not! Here's your ultimate guide to understanding Amazon categories. https://hubs.la/Q02rT6-S0

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Thinking about dipping your toes into the Amazon marketplace? 🤔 It's both exciting and a bit of a tightrope walk, especially for small and medium-sized businesses. I've seen many up-and-comers scale quickly thanks to Amazon’s enormous customer base. But success isn't without its challenges.Here's my take on what to watch out for and how to thrive:- **Competition is fierce.** You're in the ring with thousands of other sellers. Standing out means not only having a great product but optimizing your listings with killer keywords, compelling images, and a pricing strategy that won't leave you out of pocket.- **Margins can be slim.** Don't let the platform's fees catch you by surprise. Calculate each product’s profitability after accounting for shipping, handling, and Amazon's cut.- **Customer expectations are sky-high.** Amazon has trained users to expect fast and free shipping, which can be a hurdle if you're handling fulfillment yourself.So, prediction time? Those who:- 📊 *Leverage their data* to make informed decisions - 📦 *Optimize their shipping and fulfillment strategies*- 💻 *Master the digital storefront with savvy marketing tactics*… are the ones who will not just survive but thrive on Amazon.And hey, managing shipping data and optimizing processes is our bread and butter. What strategies are you considering for your Amazon chapter? Let’s brainstorm how to turn those obstacles into launchpads. 🚀#ecommerce #amazon #shipping #smbgrowth #retailtech

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