Today eBay Inc. reported 2016 first quarter results. eBay Inc. reported $20.5 billion in gross merchandise volume, up by 5%. $19.6 billion was generated by marketplaces like eBay USA, eBay UK, etc. Marketplaces revenue was up by 3% from 2015 Q1.
Read moreOnline marketplace, including mobile, Alibaba invested heavily in its expansion into Southeast Asian countries recently by investing $1 billion into Lazada, the foremost ecommerce platform for the Southeast Asian markets.
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Amazon China and GOME announced a partnership in which GOME will start selling on Amazon.cn. GOME Electrical Appliances Holding Limited was founded in Beijing in 1983. It's one of the oldest and largest electronics retailers in China and Honk Kong. In 2015 GOME's yearly revenue reached close to $10 billion. To keep that in perspective, Amazon's yearly revenue is $100 billion, thus GOME had tremendous sales.
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As previously reported in Amazon Marketplace News, Jeff Bezos recently revealed “There are over 70,000 entrepreneurs with sales of more than $100,000 a year selling on Amazon, and they’ve created over 600,000 new jobs.” Who are these entrepreneurs, generating approximately 7 billion dollars in sales? One example is Avalanche Brands, generating over an estimated $100 million in sales on the Amazon Marketplace.
Read moreGood, you know how to optimize your listing. Great, you know how to market your product. Awesome, your products are selling well and have earned a nice flow of cash. But then you feel it – the boredom of monotony. Selling is fine, but the real fun of e-commerce is selling MORE than your competition. Sorry – CRUSHING your competition. But now we’re taking a macro look at your business. How do you benchmark yourself and compare yourself to other businesses? How do you peek at your overall market and crush the competition.
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A study called "Amazon SEO Research Study" from Ripen eCommerce looked at more than 344,936 unique products and 746,500 search results to find what high-ranking products have in common. It is a fascinating insight into search ranking opportunities.
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In Jeff Bezos' letter to shareholders, he reports that: There are over 70,000 entrepreneurs with sales of more than $100,000 a year selling on Amazon, and they've created over 600,000 new jobs. Top sellers on Amazon.com have been known to have sales exceeding $100 million a year, but we will be also covering smaller sellers as well to showcase the work they've done to reach $100,000 a year milestone.
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Just like in the Ebay.com February 2016 report the fastest growing sellers in March were not based in the US, and are largely selling out of China. The top seller this month is COSPLAY WIG 999 by style-trends-365, selling wigs, as the name suggests. Overall we are seeing a lot of niche sellers growing like rybaanat out of Russia selling vintage postal stamps, which are able to offer unique products despite not being based in the US. Shipping and logistics have became so good that even retailers thousands of miles away are competitive with local businesses.
Read moreOut of nowhere came Wildcat Electronics and managed to jump from being a new seller to having solid sales in just a month. Look at that 3500% growth! On the other end of the spectrum Avalanche Brands saw a decrease in sales of -18%, a substantial change in performance considering they are consistently one of the TOP 3 sellers overall. However they are not alone - River Colony Trading (previously known as ToysNGamesEtc) also suffered a -20% slow down. Both Avalanche Brands and River Colony Trading are some of the oldest, biggest and most established sellers on the Amazon.com marketplace.
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One of the TOP 50 Amazon.com marketplace sellers changed their name from Juvolicious to Juvo+ on April 4th. As a fairly successful and growing seller they are trying to jump to the next level and join the biggest retailers like Avalanche Brands and etailz. They all have very similar product offerings, though Juvo+ is stronger in private labeling offering unique products.
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