eBay Is Growing Buyers, but They Are Spending Less
eBay 2017 Q2 results mostly met expectations, but at the same time provided little to be excited about. Shares fell as a result. eBay is successfully attracting new buyers, but those buyers buy less and/or buy only once.
Sunset of Anyone-Can-Sell-Anything Marketplaces
Paytm Mall marketplace, latest entrant into India’s online retail market, has recently removed 85,000 sellers. "There are no faceless names, no ABC whom no one knows, no sellers who do hanky-panky," said Amit Sinha, COO of Paytm, after the change. This is exactly the change we've been vocal about for a while - anyone-can-sell-anything marketplaces are not good enough anymore.
The Number of Amazon Marketplace Sellers with More Than $100 Million in Sales
One of the most commonly asked questions about the Amazon marketplace, apart from how many sellers are selling on the platform, is how many sellers have sales greater than $100 million, or more than $1 million. We finally wanted to tackle this question.
Allowing to Opt-Out of Amazon Seller Emails Reduced Feedback Volume by a Third
Amazon updated the Buyer-Seller Messaging system on March 28th to allow customers to opt-out of unwanted emails from sellers. Now asking for reviews was deemed nonessential, and customers could put a stop to it. Because of this since March the marketplace sellers feedback volume has decreased by 37 percent.
eBay has 1,875 "Millionaire" Sellers in Europe
eBay has published a brand new "Inside the eBay Economy" report, highlighting a number of new metrics about eBay's marketplaces in Europe. They key highlight is that eBay now has 1,875 sellers turning over £1m or €1m. This number has risen by 50 percent since 2013.
Marketplace Pulse Founder Juozas "Joe" Kaziukėnas to Keynote at Retail Global
Retail Global announced that Marketplace Pulse founder Juozas "Joe" Kaziukėnas will take the stage and present a keynote at Retail Global Las Vegas 2017. Joe's keynote, titled "The Future of Marketplaces", will focus on the trends in leading global marketplaces. It will build on top of our published articles and research, and also include exclusive findings.
Amazon Marketplace GMV to Double in Three Years
The marketplace contribution is expected to grow from 53 percent in 2016 to 70 percent in 2023. In just three years the marketplace is estimated to double - from $103 billion in sales in 2016 to $212 billion in 2019.
Who Are the Two Million Amazon Marketplace Sellers
One of biggest mysteries about the Amazon marketplace is just how big it is. The only time Amazon has ever publicly mentioned this was in January 2015 when they said that there are more than 2 million sellers. The thing is, today there are at least 4 million sellers. Likely as much as 5 million sellers. But just like the 2 million figure from 2015, this is a meaningless metric.
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