Marketplace Pulse released this week an interesting and rather gloomy analysis. Out of 700000 new sellers joining Amazon in the past 12 months, only 10% are selling today. Gloomy indeed.
The analysis continues by showing that:
Out of currently active sellers, 37 percent joined last year. In this context, active sellers are defined as sellers which had at least one feedback review in a month. What this means is that the marketplace is constantly refreshing itself, with new sellers replacing old ones.
While reading this article by Marketplace Puls, we realized that most of our Amazon package clients are still selling and they’re all on an ascending path.
In the past years, we’ve helped more than 1000 sellers start their own business on Amazon and we faced their problems, so we now understand better our clients’ needs and requirements.
Although the analysis made by Marketplace Pulse might seem a little depressing especially when you decide to start an Amazon business, the truth is that our experience has shown us that those who fail are those who didn’t plan their business and they only relied on Amazon’s booming business.
If you have a plan and stick to it, if you start by following the right steps the chance of failure gets lesser. It starts with opening an LLC in the US, starting the Amazon Seller account, then applying for Vendor Express, and then working every day to adjust and readjust the business.