In 2010, Jin Lin launched his jewelry business, Bista Co., on eBay. It took off, and Lin began looking into ways to expand his reach by selling on other popular ecommerce marketplaces, such as Amazon. But launching on multiple sales channels and managing inventory while still maintaining his core business on eBay presented a variety […]
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Etsy may have a small-business feel to it with a focus on crafts and handmade goods, but it’s doing big business. The marketplace’s total revenue was $197.9 million in the third quarter of 2019 alone, and Etsy collects and remits sales tax just like other major e-commerce sites. But when it comes to individual sellers
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Between the millions of products Amazon sells itself and the millions of items available on the website from third-party sellers, it’s no surprise that many merchants often sell the same products. These identical items compete for sales, but some have a particular advantage over others: They’ve won the Amazon Buy Box. The Amazon Buy Box
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Ecommerce sales are rising through the roof as people nowadays clearly prefer shopping online. Even after visiting a store, 56% of millennials purchase the products online at least half of the time. The ecommerce industry is worth over $3 billion right now and is expected to exceed $6.5 billion by 2023. With so much buzz around these
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Retail giant Amazon is responsible for nearly half of all online retail spend in the United States, so it makes sense for ecommerce sellers to use the platform to get their products in front of buyers. However, with hundreds of millions of products for sale on Amazon, it can be a challenge to get your
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Getting new customers can be difficult and costly. Selling to existing customers, on the other hand, can be more effective and more affordable. In fact, the probability of an existing customer buying a product is 60-70%, versus a new customer, where that probability drops to 5-20%. Often, businesses treat existing customers and new customers differently,
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In 2019, 1.92 billion people shopped online, and today, with the variety of marketplaces and free tools available, it’s easier than ever to start your own ecommerce business and get in on the online shopping action. But running a successful ecommerce business requires much more than just choosing a shop name and starting to sell
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Jet often draws comparisons to Amazon because of its large product catalog and low prices, but what sets it apart from the online retail giant is its real-time pricing algorithm. Jet favors lower prices over quick delivery, and pricing on Jet drops — both on shipping costs and the products themselves — based on which
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40% of the world’s internet users have purchased products online, which amounts to more than 1 billion online buyers. And ecommerce sales in the United States alone accounted for more than 11% of all retails sales in the third quarter of 2019. The ecommerce business is booming and will continue to grow in 2020. But
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When Elena Castaneda started her business, Bling Jewelry, in 2008, she dreamed of expanding her venture outside of her one-bedroom New York City apartment, but she never expected her products would one day reach consumers across the globe. However, after her success selling on Amazon domestically, Castaneda began experimenting with Amazon Global Selling. She started
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