Amazon today has launched a new advantage for Prime members, that will allow them to get cash back on the purchases they make on Amazon, even when they do not make the purchase using their Amazon Cashback Credit Card.
Today, Amazon is the largest online retailer in the world. This Seattle startup opened its doors
in 1994, and has taken over the online world of shopping. What many might not know is that
Amazon started as an online bookstore, but quickly added music, DVDs, video games, clothing,
and electronics, and now so much more.
Amazon.com is an amazing company that has made starting a business "easier" than ever. It's easy in the sense that anybody can do it. You can start and run your business from anywhere in the world, and work on that business at any time of the day. Yes there is still work, time, money and energy that needs to go into running a successful Amazon business, but Amazon handles all of the heavy lifting for you. Amazon allows sellers and business to leverage their billion dollar infrastructure as if it was their own. Below we have broken down 3 reason as to why you should start your own Amazon.com business today!
Amazon has almost infiltrated it's way into every home in the United States. Amazon Prime Subscription is a service that costs $99 per year and allows its members to receive free 2-day shipping on all Amazon Prime products plus added benefits of unlimited streaming of Prime video content, unlimited photo storage, music streaming and much more.
If you have sold or bought any products on Amazon, there's a good chance you have seen an Amazon counterfeit seller before. There is a rising issue of new sellers with the "Just Launched" seller tag listing thousands of products on Amazon and collection sales from unexpected shoppers. The issue with these new sellers is they might say they have the best products at the best prices but are simply taking orders and shipping fake product. By the time the customer knows what happened this "Just Launched" seller has already closed up shop.
Amazon continues to flex it's e-commerce muscles dominating marketshare. Amazon is already the leader in the e-commerce world by accounting for 34% of all online sales in the U.S.. According to Wall Street firm Needham, this number is only going to go grow year over year. They predict that by 2021 Amazon will account for 50% of all U.S. e-commerce sales. With the help of their Amazon Prime program, mobile apps and other products (Alexa), Amazon's future and growth potential seems to be endless.
In the every growing competitive market of digital advertising, Amazon continues to grow and outspend everyone. Amazon's goal to take over the internet is slowing starting form. It seems like every day more and more shoppers are going directly to Amazon to research and shop for product. According BloomReach, last year 44 percent of US consumers began searching for product on Amazon. New data reported by BMO Capital puts that number as high as 55 percent.
Yup, you guessed it. Based on a recent study conducted by the research firm Slice Intelligence. U.S. Shoppers aged 18-34 years old (Millennials) use Amazon to buy more clothes than any other retailer.
Just about 17% of all millennial online clothing sales in 2016 was completed on Amazon.com. The next closest retailer was Nordstrom's at 8%. Take a look below at a graph generated by Slice Intelligence demonstrating that retails sales in 2016 by millennials.