Small Businesses Have Already Sold 2 Billion Items on Amazon This Year
Amazon has reached a new mid-year sales record. Small businesses and entrepreneurs on the site have sold over two billion items worldwide thus far in 2017.
That number does not include transactions with large businesses and Amazon directly. Peter Faricy, Vice President for Amazon Marketplace, said small businesses and sole proprietorships “now account for over half of the unit sales on Amazon sites around the world.”
Last year, more than 100,000 small business owners had sales of over $100,000 on Amazon. The marketplace is currently available in over 180 countries and has over 300 million active customers.
Amazon has made several changes this year to encourage customers to shop online. In April, they launched Amazon Cash, which allows shoppers to load money on their Amazon accounts through physical store locations (CVS, Sheetz, Speedway, and more). There is no fee for using Amazon Cash, and the deposited money is immediately available in the online account.
In June, Amazon created the Prime Reload Program that gives customers 2% cash back when they add money to their accounts with a debit card. The cash back program does not work for direct debit purchases, but will work if someone loads money onto Amazon and then uses those funds to pay for a transaction.