As rivalry between Walmart and Amazon intensifies, the purchase of Shopify’s merchant market might be the boost the Walton family’s juggernaut should proceed. In May this year, Amazon released its little business impact file, where it revealed there are 20,000 little and midsize companies which produce a million bucks or more in earnings on its own platform.
Amazon boasts approximately 5 million third party vendors on its own market now, with the estimated 100,000 sellers hopping on-board each month. In 100,000 vendors a month during the next five decades, there might be an estimated 11 million sellers on Amazon’s market by 2023. Coupled with Prime and FBA, this high-tech picture seems like Amazon could afford not to be worried about its market.
However, an uncomfortable trend appears to simmer in its 5 million cohort. Considering Feedvisor’s poll of Amazon market retailers from 2017 and 2018 plus a few intriguing trends surface. Marketplace retailers are wanting to maintain their advertising prices low and are concerned about increasing fees on the Seattle-based firm’s e-commerce platform. They are also worried about competition coming from Amazon since it proceeds to establish its very own brands.
Indeed, 60 percent of retailers told Feedvisor from 2017 they intended to increase to other stations. Walmart emerged as the most preferred station, followed quite closely with Shopify and eBay. Approximately 10 percent of the surveyed in 2017 were earning a million bucks or more in yearly earnings. An individual could tell where those budding millionaires are going once we view that Walmart now supports 9 percent greater Amazon retailers than it did in 2017.In its pursuit to get parity with Amazon, Walmart has obviously overtaken eBay in retailer preference.