With the easy availability of almost every product in the world, online shopping has made the lives of millions of people more comfortable than ever before by providing convenience.
The previous generation relied on catalogs to order, while nowadays, most people have relied on online shopping which does not have to bother coming to the store. Catalogs may be outdated, but e-commerce has continued to grow over the past few decades.
Before Shopify and Paypal, Amazon and eBay invaded the web in 1994 and 1995, and grew rapidly in popularity. In the first two weeks, Amazon was able to bring in more than $ 20,000 – which has grown to $ 100 billion a year now, and Ebay was able to sell more than $ 7 million in goods through their site in the first year.
Both companies are now international and allow small businesses to sell products through their website. They get more popularity every year, which proves that e-commerce will continue to grow.
But, which platform is better when selling online? Basically, each platform has its own uniqueness, and actually all depends on what you sell.
Amazon vs eBay by number
eBay reported revenues of nearly $ 9.6 billion last year, a total that is surprising given the fact that they have a listing fee of 10 percent. However, it is still lower than the profit reported in previous years.
Nearly 40 percent of Amazon’s sales come from third-party sellers, and the rest is sold from their own retailers — they have acquired around 44 leading retailers over the years, including WholeFoods and GoodReads. Amazon has reported sales of more than $ 2 billion every quarter for almost a year now.
In addition, Amazon also has smaller sales costs and plans that depend on what and how much you sell when compared to eBay. Registering on Amazon also can’t be arbitrary. What products you sell will be tested and have more rules. With these strict rules, customers feel more confident when shopping at Amazon.
Some people believe that the power of Amazon is in their FBA business. Many people are making a lot of money with the FBA. They use research tools to optimize their sales on Amazon. One of the best is Helium 10which you can learn on Helium 10 review. It is a powerful tool to help any aspect of your Amazon business, from product listing, sales, till inventory management.
The future of online shopping
Founded in 2006, Shopify has become a competitor in the world of e-commerce, it generated more than $ 100 million in sales in their first three years and reached $ 26 billion in sales in 2017. This can quickly become a very popular method for owners small businesses to sell online, especially in the US, and they are able to increase profits by an average of 70 percent for one year.
One of the reasons Shopify is becoming very popular is because of their “updates” to the market, attracting millennial attention, which is the largest part of adults working today, with adaptability, ease of use, and events that they build as promotional venues.
Shopify also offers two packages with little or no transaction fees, instead relying on monthly fees and credit card expenses. Despite being criticized for this cost, many e-commerce businesses choose Shopify because of their exceptional sales tools and customer base.
Whatever online platform you use, any form of online is still a very wise choice for your business and will give you a huge marketing advantage for every competition that hasn’t arrived in the 21st century. This is 2019, and this is the time to develop in the digital world. Choosing to sell on platforms like Amazon, eBay or Shopify will put your product in front of a large customer base and get you in the right direction.