Recently Amazon changed their policy on sellers giving free or discounted products in exchange for reviews, banning this activity. Previously many sellers used various online services to get reviews. With Amazon no longer permitting this practice, reviews' providers are left having to figure out what to do next. We looked at their web traffic and found that it has started to drop drastically
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eBay reported Q3 2016 financial results this week. Gross Merchandise Volume (GMV) grew to $18.9 billion, up from $18.6 billion last year, but only by 4%. In comparison eBay did $19.7 billion in sales in Q2 up by 5% from the year before. Overall, the results are not promising. Furthermore eBay active buyers growth is slowing down. In Q3 eBay had 165 million buyers, up by 3% from last year.
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Recently we saw multiple articles calling the Amazon's Buy Box algorithm unfair. We do not agree with this view. Amazon marketplace is built on delivering the best customer experience. Customer experience includes things beyond price - things like shipping price, likelihood of a seller being reliable, customer support quality etc.
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Today Trans World Entertainment has acquired etailz for $75 million in cash and stock. Founded in 2008 etailz has become one of the largest Amazon marketplace sellers, consistently in the TOP 10. It was reported that over the 12-month period ended September 2016, etailz generated $116 million in revenue. And from 2013 to 2015, sales grew from $27 million to $93 million. Getting beyond the $100 million revenue threshold is a rare achievement and very few sellers have ever went there.
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Just like in the previous months eBay fastest growing sellers list in September is full of unique sellers. Used books seller thrift.books who also sell as thrift_books on Amazon has been selling on eBay for many years, previously as many different sellers. However over the last year they seem to have restructured their eBay presence and thus have been growing a lot. So much that over the last month they became the top #1 seller on ebay.com.
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Launched in August 2015 as a basic list of top Amazon sellers we were able to expand it to be the leading provider of ecommerce analytics and insights. To celebrate this we have redesigned the website to make it better and easier to use.
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In August the list of fastest growing sellers was quite eclectic - we couldn't find a singular theme. audiocityusa has been operating in La Puente, California since 1989, but over the last month their eBay presence has exploded in growth. They have over 8,000 different after market car wheels in stock.
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We are going to be at the Retail Global ecommerce conference in Las Vegas on September 20th-22nd. The speakers we are most excited to see are Jason Trichel, Head of US Global Sales and Business Development at Amazon and Stacie Sefton, Co-Founder & CEO of BHFO, one of the top eBay sellers.
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Since 2009 when the marketplace launched until 2016 May only 500 sellers were approved to sell. Then in three months that number has grown to 1,000 sellers. And now in just a month it has doubled to 2,000. At this pace we expect Walmart to be adding at least 1,000 new sellers every month.
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With staggering 22792.00% growth in a month comc_consignment came from nowhere and managed to become one of the top sellers on eBay months after joining it. Located in Redmond, Washington, COMC (Check out My Cards) sells various sports memorabilia products like baseball cards. They also run their own website at www.comc.com and have been in business since 2005. Perfect example of how well eBay works for niche products.
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