Amazon invests in new tools to help sellers grow their business
This year Amazon is going to invest $15 billion in new tools, services and programs designed to assist its third-party sellers.
Since the start of 2019, Amazon has launched 150 tools and services to help marketplace vendors grow their sales on Amazon, the ecommerce giant said in the press release.
Some of the recently released tools include initiatives such as Seller University, which is an online portal for sellers to learn how to better set up their Amazon marketplace pages, follow laws and regulations for certain products and how to grow their business using Amazon, reports digitalcommerce360.com.
Tools like Sold by Amazon help sellers manage the pricing of their products in Amazon’s stores, while fulfillment tools like Target Inventory Levels allow sellers to better manage their Fulfillment by Amazon (FBA) inventory and, in turn, increase sales,
In addition to tools and services, investments go towards programs such as Amazon Storefronts, Amazon Handmade, Amazon Launchpad, Amazon Business, Fulfillment by Amazon, Amazon Global Selling, Merch by Amazon, writes esellercafe.com.
“Small and medium-sized businesses are the lifeblood of the economy, and we are committed to empowering them. Ultimately, our success depends on their success”, said Nicholas Denissen, Amazon vice president of small business.
More Amazon news
What is Amazon FBA New Selection program?
A no-risk program for new sellers on Amazon Amazon is now offering free storage, free removals, and free return processing for a limited time for new-to-FBA ASINs. On top of that, if you’ve never sold a product using Amazon’s fulfillment services, you can qualify for...
Chinese government is going after Alibaba
China hits Alibaba with record $2.8 billion fine China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance. The Chinese government launched an investigation into Alibaba in December to...
What is fuelling the rise of Chinese sellers on Amazon?
75% of new sellers on Amazon are from China China-based sellers represent 75% of new sellers on Amazon in 2021, according to a report by Marketplace Pulse. This marks a significant increase from 47% in the previous year. While this hasn’t yet impacted the GMV (gross...