7 Figure Seller Summit Blog

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US ecommerce forecast revised upward, 18% growth expected in 2021 – Apparel and Home furnishings lead the way The ecommerce growth trend is doing even better than expected so far in 2021.  eMarketer has revised their 2021 ecommerce sales forecast up to 17.9% from a previous 13.7%.  Reasons include the > Read More

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Q1 2021, 55% of products sold on Amazon were marketplace sellers’ items.  3rd party Amazon sellers continue to sell more as they now account for 55% of all products sold on Amazon.   According to data from Amazon.com you can see a steady growth in the percentage or products sold on > Read More

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Amazon Prime Day 2021 expected to be June 21 and 22 According to a report by Bloomberg, “Amazon.com’s Prime Day sale will be held June 21 and 22”.   Last year Prime Day was moved to October due to COVID, but this year it has returned to its regular summer date.  > Read More

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Google partners with Shopify on online shopping expansion Google and Shopify are joining forces in the world of ecommerce.  According to Techcrunch, “Google today announced it’s partnering with Shopify, giving the e-commerce platform’s more than 1.7 million merchants the ability to reach consumers through Google Search and its other services. > Read More

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I’m taking a “spring break” with my family this week so it will be a short newsletter. Here’s what I’m reading: Amazon Unbound: Jeff Bezos and the Invention of a Global Empire by Brad Stone Just released this week is the latest biography on Jeff Bezos and how he grew > Read More

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India manufacturing is hurting from the recent Covid spikes According to my personal anecdotal evidence, many businesses and manufacturers in India are hurting due to the recent Covid 19 spikes hitting the country of nearly 1.2 billion people.   One sourcing agent I spoke to this week told me that 70% > Read More

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Jeff Bezos’ Final Amazon Shareholder Letter – My personal takeaways Jeff Bezos the founder and CEO of Amazon will be stepping down soon.  Each year he writes a highly anticipated newsletter for Amazon shareholders. This week he shared his final Amazon Shareholder newsletter to give us a glimpse of some > Read More

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Retail sales explode in March as consumers use stimulus checks to spend heavily In the US, retail sales “exploded” in March mainly due to the $1,400 stimulus checks issued by the government. According to CNBC, “Sporting goods, clothing and food and beverage led the gains in spending and contributed to > Read More

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Amazon PPC Surpasses 10% of U.S. Digital Ad Market Share According to The Wall Street Journal, “Amazon. com Inc.’s share of the U.S. digital ad market grew to 10.3% last year from 7.8% in 2019, according to a new report from research firm eMarketer.”  This means that Amazon PPC which > Read More

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Google vs Amazon: Google is challenging Amazon in the game of E-commerce In the game of ecommerce, Amazon is the 800lb gorilla.  It generated $295 billion through it’s FBA program in 2020. By comparison the amount of products people purchase on Google is tiny.  It’s estimated at only about $1 billion > Read More

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Walmart Marketplace is opening its doors to foreign 3rd party sellers According to Bloomberg, “Walmart Inc. has removed rules requiring sellers on its marketplace website to be registered in the U.S. — an attempt to close the e-commerce gap with Amazon.com Inc. and tap into China’s vast network of manufacturers.” > Read More

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“E-commerce got a permanent boost due to the pandemic… Prices are ticking up,”  according to the Adobe Digital Economy Index Report In an extremely thorough report on the Digital Economy, Adobe Analytics surveyed over 1 trillion site visits and over 100 million SKUs.   Overall in ecommerce, “2021 is showing no > Read More

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