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Amazon Seller Insights 2024: Trends, Revenue Analysis, And Report
Amazon remains a powerhouse in the e-commerce landscape, hosting approximately 9.7 million sellers who are eager to enhance their sales and profits. But what does it take for new sellers to succeed on this platform? With nearly 60% of all Amazon sales attributed to third-party sellers, there is substantial opportunity for emerging entrepreneurs. However, competition is intense, as only about 10% of these sellers earn over $100,000 annually.
techbusinessnews.com
According to one Amazon forum, the company can now take up to 30 days after receiving a returned item to issue customers their refund. Kiki added, too, that customers who return items won’t get their money back until Amazon has inspected the item to determine whether it’s sellable. According to another post from JungleScout, Amazon will accept returns for unused or damaged projects. If Amazon caused damage to the product, it added, customers will receive reimbursement in exchange for the project return.
dailydot.com
Chinese cities dominate Amazon seller network, outnumbering US hubs, report says
China is home to US e-commerce giant Amazon.com’s four biggest merchant bases, according to new research, showing the significant role that the world’s second-largest economy continues to play in the global supply chain despite geopolitical tensions. Shenzhen, a technology and factory hub in China’s southern Guangdong province, leads the pack with 102,588 sellers registered on Amazon, collectively generating US$35.3 billion revenue annually, according to US e-commerce service provider Smartscout.
scmp.com
