7 simple stats that show you where eCommerce & Amazon FBA are headed in 2023:
1) In 2023, eCommerce is projected to make up 22% of all global retail sales, up from 16% in 2019.
This shows the continued growth and dominance of online shopping
This shows the continued growth and dominance of online shopping
2) Amazon accounted for 39.5% of all U.S. eCommerce sales in 2022.
This shows the increased dominance of Amazon in the eCommerce market and the importance of having a presence on the platform.
This shows the increased dominance of Amazon in the eCommerce market and the importance of having a presence on the platform.
3) In 2022, mobile accounted for over 50% of all eCommerce traffic and 40% of sales.
This highlights the importance of having a mobile-friendly website and shopping experience.
This highlights the importance of having a mobile-friendly website and shopping experience.
4) The average order value for an Amazon FBA product is $40, compared to $30 for a merchant fulfilled product.
This shows the potential for increased sales and profitability through the use of Amazon's fulfillment service.
This shows the potential for increased sales and profitability through the use of Amazon's fulfillment service.
5) 59% of Amazon's total unit sales come from third-party sellers.
This illustrates the opportunities for third-party sellers to reach a large customer base on the platform.
This illustrates the opportunities for third-party sellers to reach a large customer base on the platform.
6) The top 1% of Amazon sellers account for 80% of the platform's total sales.
While it can be difficult to break into the top tier of sellers, the potential is mind boggling.
While it can be difficult to break into the top tier of sellers, the potential is mind boggling.
7) In 2023, there's 220 MILLION US online consumers.
The US has 335m people.
That's 65% who shop online.
Growing every single. year.
The US has 335m people.
That's 65% who shop online.
Growing every single. year.
If you're on the fence, there's no better time than now to get started in eCom/Amazon FBA.
If you want more insights, follow me @wishzen.
RT the first tweet to share with your squad👌
If you want more insights, follow me @wishzen.
RT the first tweet to share with your squad👌
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